Binance Launches Prepaid Crypto Card in CIS Markets
- Market Expansion: Binance has launched its prepaid Mastercard crypto card in several Commonwealth of Independent States (CIS) countries, allowing users to instantly convert Bitcoin, Ethereum, and over 100 tokens into local fiat currency at checkout, thereby promoting the adoption of crypto payments.
- Cashback Incentives: Cardholders are eligible for up to 2% cashback on qualifying purchases, capped monthly, which aims to attract more users to engage in crypto payments and enhance customer loyalty.
- Convenient Funding Options: Users can fund their accounts using various methods including credit/debit cards, Apple Pay, and Google Pay, with local currency deposit options in Uzbekistan and Kazakhstan further enhancing user experience.
- Security and Compliance Measures: Binance requires users to complete identity verification and anti-money laundering checks before applying for the card, ensuring compliance and protecting user funds, while also emphasizing user education and warnings in promotional campaigns.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 43099.04 | 51549.52 | 60070.56 | 68521.04 | 77042.08 | 85492.56 | 94013.6 |
| Fibonacci | 51549.52 | 58032.641 | 62037.919 | 68521.04 | 75004.161 | 79009.439 | 85492.56 |
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