Bitcoin is consolidating within a symmetrical triangle pattern on the daily timeframe. Currently, it is trading above the support trendline of the triangle, with the Ichimoku Cloud acting as a strong support, indicating underlying bullish strength.
A decisive breakout above the triangle would confirm a bullish trend continuation, while a breakdown below the support trendline could signal a corrective move in the market.
Bitcoin is consolidating within a symmetrical triangle pattern on the daily timeframe. Currently, it is trading above the support trendline of the triangle, with the Ichimoku Cloud acting as a strong support, indicating underlying bullish strength.
A decisive breakout above the triangle would confirm a bullish trend continuation, while a breakdown below the support trendline could signal a corrective move in the market.
In a statement, the regulator said the search and seizure operation was carried out against seven individuals and one corporate entity at multiple locations in Ahmedabad and Bhavnagar in Gujarat, Neemuch in Madhya Pradesh, Delhi, and Mumbai. And indeed, volatility has been a hallmark of the market environment so far in 2022, with the S&P 500 still down more than 10% for the year-to-date after first sliding into a correction last month. The CBOE Volatility Index, or VIX, has held at a lofty level of more than 30. After fleeing Russia, the brothers founded Telegram as a way to communicate outside the Kremlin's orbit. They now run it from Dubai, and Pavel Durov says it has more than 500 million monthly active users. "The inflation fire was already hot and now with war-driven inflation added to the mix, it will grow even hotter, setting off a scramble by the world’s central banks to pull back their stimulus earlier than expected," Chris Rupkey, chief economist at FWDBONDS, wrote in an email. "A spike in inflation rates has preceded economic recessions historically and this time prices have soared to levels that once again pose a threat to growth." On Telegram’s website, it says that Pavel Durov “supports Telegram financially and ideologically while Nikolai (Duvov)’s input is technological.” Currently, the Telegram team is based in Dubai, having moved around from Berlin, London and Singapore after departing Russia. Meanwhile, the company which owns Telegram is registered in the British Virgin Islands.
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