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BTC (20250324) market analysis and operationTechnical analysis of BTC on March 24: Today, the large-cycle daily level closed with a small positive line yesterday. The K-line pattern is still a single negative and a single positive. The price stands on the MA30 daily average line. The attached indicator is running in a golden cross, but the fast and slow lines are still below the zero axis. According to the current trend, when the current fast and slow lines touch the zero axis horizontal line, the time consumption space is almost the same, and the second large downward trend will come, so we have to wait in terms of time and trend; the short-cycle hourly chart continues the rebound trend of yesterday today. It is currently in the European session time, and the price begins to be under pressure. In addition, the probability of shock on Monday is relatively high, so the US market will first retreat in the evening. Therefore, today's BTC short-term contract trading strategy: sell at the current price of 87,500 area, stop loss at 88,000 area, and target the 86,500-86,000 area;
Short
by BraveTigercat
AVAX / AVAXUSDT | 1H | Avax will be the rocketHey there; I have prepared avax analysis for you. All I ask from you is to support this analysis with your likes. My Avax target level is 22.62 and my stop level is 17.37. This analysis has a win rate of 2.00 Guys I will update this analysis under this post Now let's just follow this analysis and see if my analysis is correct or not. Thank you very much to everyone who has been kind and supported me with their likes. Thanks to your support, I am constantly preparing special analyzes for you. I love all my followers very much.
Long
by TraderTilki
BTC Today's analysisDuring the recent continuous and close tracking of the cryptocurrency market dynamics, I have always maintained an optimistic view on the price trend of BTC. As it turns out, this prediction has been strongly validated by the market. Since the last market analysis, the price of BTC has shown a strong upward momentum, steadily climbing from an initial price of around 84,000 to the current remarkable 85,200. 💎💎💎 BTC 💎💎💎 🎁 Buy@83500 - 84000 🎁 TP 86000 - 87000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
BINANCE:BTCUSDLong
by BenGray9
Bitcoin at a Critical Juncture – Breakout or Breakdown? 📉 BTC is at a key decision point! After pulling back from recent highs, it's now consolidating within a range, sitting right in the middle of the previous price swing. I'm keeping a close eye on this zone—if price breaks out, a high-probability trade opportunity could emerge. 🎯 In this video, we dive deep into price action and market structure, breaking down a potential trade setup—if the market aligns with our strategy. 🚨 Trade smart, manage risk—this isn’t financial advice! 🚀🔥
by fxtraderanthony
7
Let's always put our trust in BTC, mate.Bitcoin Market Analysis BTC price hovers around 84,000 in consolidation. Bulls and bears battle at this price. Support Level Support is in 81,000 - 82,000. Strong buying emerges there. It stopped drops in past corrections. Dense holdings mean many cost - bases are in this range, propping up support. Resistance Level Resistance at 87,000. K - lines show heavy selling near it. Past break - throughs failed. Trapped or profit - taking positions sell as price nears, creating resistance. Bullish Outlook I'm bullish. Global recovery raises risk appetite for BTC. More institutions hold BTC, boosting price. Positive sentiment on long - term prospects, due to blockchain growth, helps. Upward - diverging moving averages show uptrend. Lower volume in consolidation, but activity stays. New positives may push price to resistance. 💎💎💎 BTC 💎💎💎 🎁 Buy@83500 - 84000 🎁 TP 86000 - 87000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
BINANCE:BTCUSDLong
by BenGray9
2
Global Tensions, Market Manipulation, and BTC Uncertainty The cryptocurrency market, a realm notorious for its volatility, is currently grappling with a confluence of factors that are forcing investors to reassess their strategies. Global trade tensions, macroeconomic uncertainties, and the intricate dance of market manipulation are all contributing to a complex and unpredictable landscape. Specifically, Bitcoin, the flagship cryptocurrency, is experiencing a period of intense scrutiny, with analysts offering a range of perspectives on its potential future. A recurring theme in recent analyses is the notion of "whale manipulation." Reports suggest that large holders, or "whales," are engaging in strategic trades on exchanges like Binance to influence Bitcoin's price. This "liquidity massaging" is seen as a deliberate attempt to create artificial price ceilings, with some analysts predicting that Bitcoin's upward momentum could be capped below $90,000, and more conservatively, $87.5K. Such manipulations introduce uncertainty, making it difficult to discern genuine market sentiment from artificially inflated or deflated prices. Adding to the complexity is the debate surrounding retail investor participation. Contrary to the prevailing narrative of retail investors being absent, some crypto executives argue that they are already actively involved. This perspective challenges the notion that a surge in retail interest is needed to propel Bitcoin to new heights. If retail participation is already significant, the anticipated catalyst for a bull run may have already materialized, leaving investors to wonder what new catalyst is needed for further price appreciation. Data from Bitcoin's Realized Cap and UTXO (Unspent Transaction Output) analysis is also signaling a "major shift." These metrics, which offer insights into the actual value stored within the Bitcoin network and the movement of coins, are crucial for understanding the underlying health of the market. Changes in these indicators can foreshadow significant price movements and shifts in investor behavior. Traders are closely monitoring these metrics for clues about Bitcoin's future direction. However, despite recent attempts to pare losses, Bitcoin is struggling to maintain a consistent uptrend. This instability has led some traders to adopt a bearish stance, with predictions of a potential drop to as low as $65,000. These bearish sentiments are fueled by the inability of Bitcoin to decisively break through resistance levels and the persistent volatility that characterizes the current market. Conversely, some analysts are finding bullish signals by examining indicators that also correlate with the Nasdaq. The correlation between traditional financial markets and the cryptocurrency space has become increasingly evident, and analyzing these relationships can provide valuable insights. If the Nasdaq shows signs of strength, it could potentially buoy Bitcoin's price. However, this correlation is not always consistent, and the inherent volatility of both markets can lead to unpredictable outcomes. The performance of U.S. spot Bitcoin ETFs is another critical factor influencing market dynamics. The collapse of the "cash-and-carry" trade, a popular arbitrage strategy, has had significant implications for investors. The stagnation of inflows into these ETFs, compared to the initial surge earlier in 2024, has raised concerns about the sustainability of institutional interest. While there have been recent reports of net inflows returning, questions remain if this is a temporary blip, or a sustained uptrend. This fluctuation in ETF inflow signals a wavering confidence from institutional players. The combination of these factors creates a challenging environment for investors. Global trade tensions, which can disrupt economic stability and investor sentiment, add another layer of uncertainty. Fluctuations in traditional markets, geopolitical events, and regulatory developments can all have a ripple effect on the cryptocurrency market. In this tumultuous landscape, investors are advised to exercise caution and adopt a diversified approach. Relying solely on technical analysis or market sentiment can be risky. Instead, a comprehensive strategy that incorporates fundamental analysis, risk management, and a deep understanding of market dynamics is essential. The current situation highlights the inherent volatility and complexity of the cryptocurrency market. While Bitcoin remains a dominant force, its future trajectory is far from certain. The interplay of whale manipulation, retail participation, technical indicators, and macroeconomic factors creates a dynamic and unpredictable environment. Investors must remain vigilant, adapt to changing conditions, and prioritize risk management to navigate this challenging terrain successfully.
BITSTAMP:BTCUSD
by bryandowningqln
BTC: Accumulate energy for the rise and soar into the sky!📍BTC's volatility has narrowed, with selling pressure showing signs of weakening. Throughout the choppy price action, the 84000-83500 zone has established itself as a critical support area in the short-term structure. This level now serves as a key defensive line. 📍Following this consolidation phase, BTC may stage a rebound from this support region. If the price manages to break through the resistance around 84800 with strength, further upside momentum could drive it towards the 90000 level. 🔎Trade Idea: BTCUSD:Buy at 83500-83000 TP:84500-85000 SL:Adjust according to risk tolerance. 📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
Long
by Trader_Marvin
Bitcoin, interest rate effects, Macro events since 2021 - UPDATEThere is one very simple takeaway for me from this chart and that is simply that raises and Lowering of interest rates had Very little Effect on Bitcoin It is more the effect it had on other organisations and the sentiment that followed Bitcoin and the traders. For instance, From Jan 2023, when we saw Bitcoin begin its recovery, interest rates continued to rise.....and had NO effect on the Bitcoin recovery And I think this continues to this day. After the First push higher by Bitcoin in 2023, PA went into a Long range...in this time, interest rates began remaining at a static level. Bitcoin did not rise because of this. When BTC was ready, it made a push higher again, interest rates were static and remained so while BTC entered another long range in 2024 It could be said that BTC PA rose once Rates were reduced but PA leveled out again even while the next rates decision was to reduce. Bitcoin has its own agenda, it is NOT dependant on the USA to control its choices On Each range, the MACD on the weekly timef rames was OVERBOUGHT. And it is currently resetting having been overbought again. This s NOTHING to do with interest rates. MACRO events do have an impact though and we need to pay attention this this But over all, Bitcoin is GOOD, BULLISH and getting ready for its next push Have a Nice day now
BITSTAMP:BTCUSD
by Orriginal
BTC Breaks Structure - Key Levels to Watch PLUS Trade Idea!Bitcoin has broken structure to the upside on the daily timeframe, confirming a bullish trend 📈. I’m considering a buy opportunity, but only if the key conditions discussed in the video align. Right now, BTC is in a strong uptrend, with a well-defined higher highs and higher lows structure on the 4-hour timeframe 🔍. In this video, we break down the trend, price action, market structure, and other essential aspects of technical analysis to navigate this setup effectively. ⚠️ Not financial advice.
Long
by fxtraderanthony
BTC: Capture buying opportunities accurately📍Fundamentals: From a macro perspective, with increased government endorsement, cryptocurrencies are gaining greater credibility and popularity in the market. 📍Technical Analysis:The downward momentum of BTC is showing signs of exhaustion, with multiple rebounds forming a structural bottom that provides strong support. Overall, the bullish trend remains intact. The key support zone to monitor is 83000-82000. 📌If BTC fails to break below this level in the short term, a rebound is likely, with upside potential targeting the 88000-89000 range. 🔎Trade Idea: BTCUSD: Buy at 83000-82000 Target (TP):88000-89000 Stop Loss (SL):Adjust according to risk tolerance. 📩Trading means that everything has results and everything has feedback. I have been committed to market trading and trading strategy sharing, striving to improve the winning rate of trading and maximize profits. If you want to copy trading signals to make a profit, or master independent trading skills and thinking, you can follow the channel at the bottom of the article to copy trading strategies and signals
BITSTAMP:BTCUSDLong
by Trader_Marvin
(BTC/USDT) Analysis: Supply Zone Rejection & Potential Drop to SSupply Zone (~85,296 - 84,835): The price has reached a supply zone, which is acting as resistance. A rejection from this area could push BTC down. Support Zone (~82,260 - 81,977): This is a demand area where buyers might step in if the price declines. Indicators: EMA 30 (Red Line - 83,553.82): Short-term trend indicator. EMA 200 (Blue Line - 83,743.52): Long-term trend indicator, currently above the price, indicating potential resistance. Price Action & Prediction: The price has touched the supply zone and is showing signs of rejection. The blue projected path suggests a potential pullback followed by a drop toward the support zone (~82,260). If price breaks below the support zone, further downside could be expected. Potential Trade Idea: Short Setup: If rejection at the supply zone continues, a short position could target the 82,260 support zone. Long Setup: If price reaches the support zone and shows bullish reactions, a long position could aim for a rebound toward resistance.
Short
by EA_GOLD_MAN_COPY_TRADE
1
A possible scenario for Bitcoin over next 2 monthsI do think this has a Strong possibility of happening MARCH will close as a RED Candle and the statisical expectation is that April will close GREEN and yet there are many reasons why Bitcoin Cannot rise a lot in April to make that Green SO, We may see March drop down to the 74K area to end the month This Gives PA the ability to Rise, hit that trend line and still Close the month GREEN and then take off in May. Why May ? Because that descending trend line perfectly matches the Weekly MACD decent and the date is when MACD reaches Neutral. Begining of May. This is also why PA will likely be rejected from the Trend line before MAY Should PA remain where it is now, it doesn't give a lot of room for April to close Green. This really is just an Idea so we just need to see if it happens. I do have a SPOt buy order sitting at 74779 just in case lol
INDEX:BTCUSDLong
by Orriginal
BTCUSD Analysis StrategyBitcoin prices are currently hovering around $84,000 as the market's bull-bear struggle intensifies. In the short term, Bitcoin remains in a sideways consolidation and base-building phase. Traders are advised to remain nimble and adjust strategies based on the actual breakout direction. Bitcoin Trading Strategy sell @ 87000 buy @ 81500，78500 Finally, I'd like to remind every investor that the cryptocurrency market is inherently highly volatile, and every decision you make may have an impact on your investment returns. you can visit my profile for free strategy updates every day.
BINANCE:BTCUSDShort
by George_Lester
Bitcoin Weekly SMA are finally into Sequential order -and now ?A nice simple post here. As you can see, in Late January, the 5 main SMA ( Simple Moving Averages) finaly got into sequential order Under PA This is a sign that PA is bullish. As you can see, in September 202, this happened and PA began its rise after a sharp drop just before hand. It is a bit different this time in that we have dropped AFTER that SMA order was made. But it is still a Good sign HOWEVER - what is important to note, is how PA has fallen below that 21 and we are currently hitting off the 50, searching for Support again. I remain BULLISH and I am sure that within a few weeks, we shall move back over that 21. From were the SMA went into order in 2020, it took about 6 months to reach the first ATH in 2021 PA is rising Much slower than in that cycle but If that repeats, we can see a New Real ATH around July / August I would say that is too early to be honest and so I expect larter. As I said, PA is rising slower this time around. But, anyway, Good News that the SMA have remained in order so far... Something to look forward to
COINBASE:BTCUSD
by Orriginal
BITCOIN TRENDS with Heiken Ashi candles & Trend indicator ADX Why HEIKEN ASHI Candles ? Heikin Ashi is a charting technique that can be used to predict future price movements. It is similar to traditional candlestick charts. However, unlike a regular candlestick chart, the Heikin Ashi chart tries to filter out some of the market noise by smoothing out strong price swings to better identify trend movements in the market. ( Source TradingView ) What is ADX ? The ADX indicator measures trend strength without indicating direction. It is derived from the Positive Directional Movement (+DI) and Negative Directional Movement (-DI): +DI (Positive Directional Index): Measures upward price movement. -DI (Negative Directional Index): Measures downward price movement. ADX Value: Higher values indicate stronger trends, regardless of direction. ( Source TradingView) To summarise, Heiken Ashi candles filter out Noise and help identify Trend Direction ADX shows you Trend Strength - NEVER the direction of Trend, using prince index. OK, so now we ready. The main chart has 2 Vertical Bold lines that will be explained in a Bit but Note where they are on the Chart The one on the left is near where the Rise in PA turns and becomes a Ranging PA- PA slowed right on that line. The 2nd line is near the TOP and before the point where PA entered a descending channel that leads us to where we are currently Note on the chart, the Orange dotted line. This is the BASIS line of the Bollinger bands. This is The Basis line and shows us the Average of PA and, as you can see, we are currently below Average. This shows a Negative Trend. See how PA is above the basis line in a Positive Trend Also note in the chart how the lines of candles are Smoother. Each New candle begins on the centre line of the previous and so it becomes a Lot easier to see if PA rises or drops from previous with out the Jagged Noise of traditional candles. - Taller candles show more Strength than previous; So now to the ADX Chart See those 2 Dashed Vertical lines and note how the ADX ( YELLOW ) changes direction at those points. To remind you, the Left one was where BTC PA Slowed down from a Steep Rise, A BULLISH TREND, and turned to Ranging. The Drop in the ADX at this point showed us that the previous trend was weakening. I remind you, it DOES NOT SHOW TREND DIRECTION even though, in this case, they follow each other. PA Ranged horizontal on average till we met the Next line, where the previous Trend Strength had reached Neutral ( Note, this is around 20 on the ADX scale ) At the next dashed lime. ADX began rising. Trend strength was increasing. Initially, we saw BTC PA rising to a New ATH and so, it was easy to assume that the Trend Was Bullish again. However, as we see now, it turns out it was a BEARISH trend. So how do we know when this is going to end ? The ORANGE line DI+ ( positive price action ) and the RED DI - ( Negative price action ) can help These are Price Direction index. When DI + rises, this indicates a positive price action and Visa Versa for DI - On its own, this is not easy But, for instance, notice how while we been in the descending channel, the DI+ dropped while the DI- has ranged along the 20 line on average. This indicates a controlled Drop in PA and NOT a Full on Bearish capitulation. There is strength there in PA and this can be seen by the Slow rise of the ADX On a shorter time scales, over the last 5 days we have seen PA rise in price. this is reflected more in the DI- dropping ( Negative price action loosing strength ) more than in the DI + remainf horizontal.( NOT gaining Strength ) This could indicate that we are not finished Dropping yet - and yet, at the same time, we see the ADX weakening. The Bears maybe getting Tired. If we now return to the Chart This fatigue we maybe seeing in the Bears could be reflected in the simple fact that we are now Near a long term Rising line of Support ( bold line) and that we are nearer the lower line of the descending channel ( also support) - We are also very near the 2.272 fib extension that has proved to be support previously. The upper bollinger band is around 90K, which happens to be near Top of current range. So, we may see a push higher soon but we need to understand that the Longer term still Looks like we will continue in the Range Bound for a Few more weeks. I hope this helps but be prepared for anything
INDEX:BTCUSD
by Orriginal
Bitcoin Reversal or Dead Cat Bounce? Here's My Trading Plan! Analyzing BTC on the higher timeframe, we observe a clear structural shift in the prevailing trend 📊. Dropping down to the 4-hour chart, there is a decisive bullish break 📈, leaving behind an imbalance following the initial move—an area that could serve as a retracement target 🎯. Notably, this imbalance aligns with a Fibonacci retracement into equilibrium 📐, adding confluence to the setup. I am considering a long position 💰, but only if the key conditions outlined in the video materialize ✅. If those conditions fail to align, I will discard this trade idea ❌. ⚠️ Not financial advice.
PEPPERSTONE:BTCUSD
by fxtraderanthony
BTCUSD Trading StrategyBitcoin is currently trading at approximately $84,364.87, with a 24-hour gain of 2.96% and a 7-day cumulative decline of -2.81%. Recently, influenced by news about the Trump administration's strategic reserves, the price experienced a "sell-the-news" style pullback, retreating from its high of around $100,000 to consolidate within the $80,000 range. The short-term support level stands at $74,000, while the resistance level is at $85,000. Bitcoin Trading Strategy sell @ 90000 buy @ 78000 If you're currently dissatisfied with your Bitcoin trading outcomes and seeking daily accurate trading signals, you can follow my analysis for potential assistance.
BINANCE:BTCUSDLong
by George_Lester
BITCOIN 50 & 100 SMA Patterns since 2014 -UPDATE - ATH in Q4 ?This is a long post but please read it all, there are some Major things to take note of. The Main item in this post is the day counts between 50 SMA ( RED ) and 100 SMA ( BLUE ) and the days between Cross overs of these. The upper day counts on the chart, count from ATH to when 50 crosses below the 100. Then from that point to when the 50 Crosses back Above the 100 And then, in Grey, the number of days from Cross over to ATH From 2014 ATH to 50 dropping Below = 504 days When the 50 returned Above the 100 = 406 days And from that point to the 2017 ATH = 560 days From 2017 ATH to 50 dropping Below = 448 days When the 50 returned Above the 100 = 284 days And from that point to the 2021 ATH = 686 days ( I am using the Nov 2921 ATH as it was the higher price ) From 2021 ATH to 50 dropping Below = 308 days When the 50 returned Above the 100 = 441 days And from that point to the 2025 ATH = The average of the 2 previous is 623 days and takes us to a possible ATH in August, though I feel this is too soon. If we Look at the day count from ATH to 50 dropping below 100 From 2014 ATH to 50 dropping Below = 504 days From 2017 ATH to 50 dropping Below = 448 days From 2021 ATH to 50 dropping Below = 308 days Could this point towards around 200 days after ATH in 2025? ( This reduction in day count is most likely due ti rapid Profit taking. ) What is interesting is how, on Both the 2014 - 2017 and 2017 - 2021 ATH it was approx 1005 days between the 50 rising above the 100 to when ot fell back below after an ATH. This is Despite a variation in the days count between SMA cross overs. Using this day count and projecting forward, maybe we can expect the 50 to drop back below the 100 in August 2026, next year Using the day count from ATH to when 50 Drops below, that was mentioned above, that is around 200 days after ATH and using that August date just mentioned, We are projecting a Cycle ATH in Feb 2026 ! This is NOT a realistic date if we are to remain in the patterns of ATH in late Q4, that we have had every previous cycle. As I pointed out in a post yesterday, the traditional patterns of Bitcoin HAVE to change this year. And to many extents, they already have begun. Take a Look at the angle of ascent of the 50 and 100 SMA's since 2014. Each cycle has seen a reduction of Steepness of Rise.... A slowing down on trajectory and this is most likely caused by the increase of price of a Bitcoin. The more expensive it gets, the heavier it is to move PA higher. So far this cycle, PA has landed on the 50 SMA twice and we are SO Close to doing that again. This has NEVER happened before. In 2021, we did it once and bounced to the Nov 2021 ATH, so far this cycle, we have done that twice. This ARE CHANGING and for this to continue, we do need to see PA Bounce again off the 50, when the Bulls are ready. The ATH in Q4 is open to question as a result. It may happen anytime from Late Q3 to Late Q1 2026 And we are only going to find out when it happens. But be aware f things changing. Because they are and so using History may become unusable....a bit like Price discoveryIt will become Trend discovery Enjoy
INDEX:BTCUSD
by Orriginal
$84K BTC Battle, ETF Resilience, and Macroeconomic ShadowsBitcoin's journey remains a captivating saga of volatility, resilience, and the interplay of technical indicators and macroeconomic forces. Recently, the cryptocurrency surged past $84,000, reigniting bullish sentiment, but faces a critical test at a key resistance level.1 This surge, fueled by a broader rebound in risk assets, pushed BTC above its 200-day moving average, a pivotal benchmark for assessing long-term trends. However, this bullish momentum is juxtaposed with significant selling pressure, ETF outflows, and lingering concerns about regulatory and macroeconomic landscapes. The 200-Day Moving Average: A Battleground for Bulls The 200-day moving average is a widely recognized technical indicator that provides insight into the long-term trend of an asset. For Bitcoin, consistently closing above this level signifies a potential shift from bearish to bullish momentum. The recent breach is a positive sign for bulls, indicating renewed confidence and potentially attracting further investment. However, a sustained close above this level is crucial to solidify the bullish outlook. The importance of this level is highlighted by the narrative that a weekly close above this average would confirm a market bottom. This emphasizes the significance of longer timeframes in validating trends in the highly volatile cryptocurrency market. $86K or $65+K: A Price at a Crossroads Bitcoin's price currently finds itself at a critical juncture. The immediate challenge is breaching the $86,000 resistance level. A successful breakout could pave the way for further gains, potentially pushing Bitcoin towards new all-time highs. Conversely, failure to overcome this resistance could lead to a pullback towards the $65,000 support level. This range represents a crucial battleground for bulls and bears, with the outcome likely to determine the short-term trajectory of Bitcoin's price. MVRV Ratio: A Potential Reversal Indicator The Market Value to Realized Value (MVRV) ratio is another key metric that investors closely monitor. It compares Bitcoin's market capitalization to its realized capitalization, providing insights into potential overbought or oversold conditions. A high MVRV ratio suggests that Bitcoin is overvalued and prone to a correction, while a low ratio indicates undervaluation and potential for a rebound. The MVRV ratio nearing a key level suggests that a major reversal could be imminent, adding another layer of complexity to Bitcoin's current price action. ETF Resilience Amidst Volatility Despite a 25% price drop, Bitcoin ETF investors have maintained a relatively strong stance. This resilience is reflected in the collective $115 billion in assets under management by US Bitcoin ETFs. This demonstrates the growing institutional adoption of Bitcoin and the increasing acceptance of cryptocurrencies as a legitimate asset class. However, since mid-February, Bitcoin ETFs have witnessed total outflows of nearly $5 billion. This outflow points to a potential shift in investor sentiment, possibly driven by concerns about market volatility or macroeconomic uncertainties. The strength of the ETF market is a double edged sword. While significant holdings demonstrate institutional buy in, large outflows can increase sell pressure on the underlying asset. Selling Pressure and Macroeconomic Shadows Bitcoin's recent decline is attributed to intensified selling pressure, reflecting a broader trend of risk aversion in the market. This selling pressure is exacerbated by concerns about the potential impact of digital currencies on traditional banking systems. Banks are increasingly weighing the implications of Bitcoin and other cryptocurrencies, leading to regulatory scrutiny and potential policy changes. Furthermore, macroeconomic factors continue to weigh on investor sentiment. Concerns about inflation, interest rate hikes, and geopolitical tensions are contributing to market volatility and impacting the demand for risk assets, including Bitcoin. Presidential Policy and Market Sentiment A presidential policy aimed at creating a strategic Bitcoin reserve initially sparked optimism among investors. However, this initial enthusiasm waned, highlighting the complex interplay between policy announcements and market reactions. While such policies can signal government acceptance of cryptocurrencies, they may not always translate into immediate price appreciation. The market's reaction suggests that investors are more focused on broader macroeconomic trends and regulatory clarity. The lack of sustained positive impact from the policy announcement underscores the importance of addressing fundamental concerns about Bitcoin's long-term viability and regulatory framework. Navigating the Volatility Bitcoin's current situation highlights the inherent volatility and unpredictable nature of the cryptocurrency market. Investors must remain vigilant and adapt to rapidly changing market conditions. The interplay of technical indicators, ETF flows, and macroeconomic factors creates a complex landscape that requires careful analysis and strategic decision-making. In conclusion, Bitcoin's battle at $84K, coupled with the resilience of ETF investors and the shadow of macroeconomic uncertainties, paints a picture of a market at a critical juncture. The coming weeks will be crucial in determining whether Bitcoin can sustain its bullish momentum or succumb to renewed selling pressure. Understanding the interplay of these factors is essential for navigating the volatile world of cryptocurrency investing.
by bryandowningqln
Bitcoin Weekly LINEAR chart shows possible re run of 2021 2X ATHI was just looking at this Linear chart and spotted a couple of things. So many people Use LOGARITHMIC charts. In summery, A logarithmic chart is a graphical representation that uses a logarithmic scale, which differs from the conventional linear scale. In a logarithmic scale, the distance between values is not constant but increases by a factor, making it useful for datasets with a wide range of values. This approach helps in presenting numerical information more efficiently and allows for a better visualization of rates of change or percentages rather than absolute values. A LINEAR chart however, shows you the REAL rate of change. And on This Linear chart, I have noticed that PA is creating a very Similar Top to the MARCH ATH of 2021 I do not think we will follow it perfectly, as that drop in 2021 was over 50% and that would take us down to 52K, which I think is not a real possibility. But, being open to ALL possibilities, that trend line that was used by PA to bounce to the Nov ATH currently sits around 65K But the longer we wait, it heads higher, towards the 1 Fib ext around the Old 2021 ATH near 70K ( 69300) Also note, how once PA had Dropped in March 2021, it levelled out and slide sideways for around 7 weeks. So if we come over to Today, we have just dropped around 30% and seem to have found a Floor around 76K We HAD to drop out of that Upper range box - It would have been December before we found support on the rising Trend line that has been the trigger for moves higher since 2023 And so, we have dropped to a Lower Range Box ( hopefully ) and this box hits the Rising trend line around June. This has confluence with a number of other charts And if we do range sideways, around this level, it is similar to that Range after the drop in 2021. In 2021, after that range, PA rose by around 122% I am not to sure we would see that but................ So now we wait to see if we stay in this range or not, with a top around 90K We could See wicks out of this Range, down to the 70K mark maybe, with swift recovery..... We may also see further Drop.... there is abcolutly NO guarentee that we will even head higher again..... We have to wait and see and have plans and stick to them..for both BULl and BEAR
CRYPTO:BTCUSD
by Orriginal