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➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
The price of stellar (XLM) can go up to $0.38:
After a tumultuous start to the week, the stellar price seems to be gaining some stability, in short rising above the level of $0.28 this weekend. This increasing momentum has sparked the interest of market fans, with prominent crypto analyst Ali Martinez offering XLM tokens to experience a steady rise in prices soon.
XLM Primed for 40% price increase
In an X post on March 15, Martinez shared an interesting projection for the stellar price after restoring a key level. Martinez noted that altcoin could move to a new local high in the coming weeks.
This rapid projection is based on the formation of the descent channel pattern on the XLM daily chart. For context, a descending channel is a common pattern in technical analysis characterized by ڈھلوان( trendlines towards two large )نیچے. The upper boundary line connects a series of lower elevations and the lower channel line connects the lower level.
The value of the asset is usually maintained within the channel. The upper boundary line acts as a resistance and the lower channel line is considered to be the support floor. The formation of a descent channel is usually a bearish pattern, indicating the continuation of a downward trend.