Updates on BTC movement and the Tron Ecosystem♥️♥️♥️

Hello friends, it is another wonderful week we are glad to be in. Trust we are all doing great.

In my previous updates, I said that I am expecting a further downside to Bitcoin price which would also trigger a reduction in price of many alt coins. Infact, I specifically mentioned that I expected a drop to $36k region.

Well in the past week, the $36k have not been achieved, but we have seen BTC hitting as low as $40,280 from the price of #46k. That simply means that my predictions are working out well.

For those who took advantage of this information to short whether alt coins or BTC at $46k. You must be in massive profit now. Congrats to you all.

Well from the BTC chart, the $40,500 price zone is a strong support zone even though we had a wick below that zone. However, the support is holding as of the time of writing this article and we see ongoing accumulation at point.

With the prevailing current situation, It seems that the support will hold for some time. So I expect BTC price to rise to the range of $42k and then get the power it needs to break the support of $40,500.

This is my next prediction. Remember, this is not a financial advice. Always do your own research.

The Tron ecosystem have been making a lot of improvements and have been seeing massive investments from investors lately.

Additionally there have been so many partnerships with some business which puts the Tron ecosystem on a positive light.

The most recent of that partnership is with HTX.

HTX is a blockchain initiative that have a DAO known as HTX DAO. They are expected to bring about several developments and changes in the DAO system. This DAO is said to be a leader in the development of crypto and DEFI.

HTX DAO came into being on the 18th day of January, 2024 and is now working towards having transparent and having a more efficient structure

The DAOs major effort is channeled towards investment planning in the crypto world and that they would be duly supported by HOUBI HTX and Tron.

To that effect Tron came up with an announcement that it will donate 50% of its funds to the HTX DAO.

With these recent development, smart investors are beginning to turn their attention to TRX, being the native token of the Tron blockchain. This attention will much largely depend on what form the development will be.

As at the time off writing, the price of TRX declined and was trading at $0.10914 as can be seen from the screenshot below.

At this price, it is a very good opportunity to buy in to it. Who knows, such business partnership can mean so many positive things for Tron ecosystem.

Looking at TRXUSDT daily chart, we can see that the token have been in serious accumulation. A breakout to the upside would mean seeing another ATH even before Bitcoin halving.

So there is every possibility of such price movement because of such meaningful partnership.

Remember, the primary aim of an investor is to make profit by buying at a low.price and selling at higher price. Stay safe invest wisely.

Once more, this is the best time invest.

NFA

DYOR.