On Wednesday, Bitcoin (BTC) dipped below $60,000 after the liquidation reached $122 million. However, it quickly recovered from the lows and is trading above $61,000. These liquidations from big investors are coming as tension in the Middle East rises. Major Bitcoin (BTC) whales are shifting to low-risk opportunities to cap the downside.
Two names with a high margin of safety are DTX Exchange (DTX) and SUI Blockchain (SUI). Both coins have shown high relative strength in poor market conditions, breaking their recent highs.
We will discuss the price action around these names and future levels that can impact the trend.
Bitcoin (BTC) Breaks HH and HL Pattern: Will It Be Able To Sustain?
After a long consolidation, Bitcoin (BTC) was in a higher high and higher low formation, which shows the price’s bullish strength. However, the recent market fall broke the pattern, taking the BTC price to a support level. Bitcoin (BTC) has broken the short-term moving averages, including 50 days.
The RSI has also dropped to 47 from the overbought zone. For Bitcoin (BTC) price action, $60,000 is important. We can see a further downtrend if it doesn’t stabilize above it. The next support level could be $57,500; on the upside, $66,500 is near the resistance level.
DTX Exchange (DTX) Crosses $3.5 Million With Whale Inflows
DTX Exchange has been successful in the initial stages of presale. It has already raised more than $3.5 million and projects to reach the $4 million threshold by the middle of October. DTX Exchange is a hybrid trading platform that joins the CEX and DEX exchanges on the strongest side and vice versa.
Traders can access over 120,000 asset classes, including gold, stocks, and cryptocurrencies. Unlike other DTX platforms, the platform promises that transactions will be completed in just 0.04 seconds, so you’ll enjoy much quicker and more efficient trading.
The platform also provides loyal tokens, which are transferable among active and competitive traders the more they participate. This builds a strong and loyal member base and makes the presale more fun.
In addition, DTX allows trading through your wallet, which means one doesn’t have to have a normal bank account to invest in different assets. They are the ones who control what will happen in their non-custodial asset, which is the storage they use.
Now, DTX tokens cost $0.06, and the price is anticipated to rise 1,124% by the end of November. If someone invests $500 in DTX tokens now, by November, it may eventually become $6,120.
SUI Blockchain (SUI) Trades Near All-Time High
After the DTX Exchange, SUI Blockchain (SUI) turned the heads of many with its most recent performance. In the last 30 days, SUI has climbed by more than 100%, which is over $5 bln market cap. SUI Blockchain (SUI) has an all-time high of $2.17 and is trading just 10% below the ATH level.
The continuous bounce from 10DMA shows the price strength in SUI Blockchain (SUI), and those in a position in the coin can trail the short-term moving averages. The coin’s relative strength index is above 80, so we might see some consolidation or pullback in a short time.
Learn more:
Buy Presale | Visit DTX Website | Join The DTX Community
