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Analyzing the 2-hour price chart of Bitcoin, it is observed that it is moving close to the $27,400 resistance. If BTC price breaks the $27,400 resistance and closes the 2-hour candles, it could continue the uptrend to the $28,400 levels.
However, if Bitcoin fails to break the $27,400 level, it can make the downward move up to $26,700 and aim to start its rise from this level.
Bitcoin price could observe $28,400 as a bullish target as long as it stays above the $26,400 level.
#Bykaranteli# #GateioBountyCreator# #ContentStar# #BountyCreator# #Gateio10周年# #NewYearCelebration# #GateioTurns10# #CryptoObserves# Downtrend in crypto ATMs worldwide broken
The ongoing bear market in the crypto industry from 2022 has also triggered the decline in crypto ATM numbers. The year-long downward trend in Bitcoin (BTC) and crypto ATMs around the world was finally broken in May. A total of 1,400 crypto ATMs were installed globally last month.
The total number of crypto ATMs worldwide has experienced a steady decline in the first four months of 2023. During this time, the number of ATMs decreased in major economies such as the USA and Europe, while Australia, Poland and Spain managed to increase the installation of crypto ATMs in their respective regions.
Crypto ATM installations increased with the month of May. Net crypto ATMs worldwide have decreased by 5,850 in the first four months of 2023. However, in May, 1,397 machines were added back to the global crypto ATM network, according to data from Coin ATM Radar.
While crypto ATMs do not contribute to the growth of the Bitcoin network, they do serve as a physical gateway for people to exchange fiat currencies for crypto. In 2023 alone, Australia has installed a total of 233 ATMs, making it the third largest crypto ATM hub in the world.
Despite the year-round decline, the United States continues to maintain its leading position, representing 84.7 percent of the world's crypto ATMs. Canada follows it with 7.6 percent. There are 35,069 ATMs in active service worldwide.
#Bykaranteli# #GateioBountyCreator# #ContentStar# #BountyCreator# #Gateio10周年# #NewYearCelebration# #GateioTurns10# #CryptoObserves# #GateioTurns10#I got to know Gate.io when I participated in the Solanium IDO. About 2-3 years ago. In fact, at this time, I knew almost nothing about virtual currency, and I just started with half curiosity and half expectation, but I experienced the miracle of passing KYC with difficulty and miraculously winning with a small amount of staking tickets. I can't see it. Investing in virtual currency is definitely a very difficult field, and if you make an investment that caters to popularity, you will lose valuable assets in an instant. A lot of effort and excessive investment are prohibited, but considering the inevitable big changes coming in the future society, it is necessary to have a steady interest in the virtual currency market, and it would be a good choice to start with Gate.io. I sincerely congratulate you on the 10th anniversary, and I hope that all investors will work hard for such a happy day on the side of investors.