BTC Bearish 7-Day Forecast - Drop to $55K Imminent? The cryptocurrency trend was sharply negative over the past 48 hours, triggering liquidations exceeding $500 million over the past two days. The price of Bitcoin fell below $57,000, to a two-month low, as the Federal Reserve slashed hopes of rate cuts any time soon.
Inflation remains stuck at high levels, the Fed’s Chairman, Jerome Powell said, after keeping the US’ central bank’s benchmark rate unchanged at a 23-year high. An interest rate cut have is not likely to take place before September.
Analysts now await the release of the US April job figures tomorrow afternoon. The number of new jobs created is expected to have slowed down to 243,000 compared to March.
The price of Bitcoin lost 4.3 percent to $57,500 over the past 24 hours, to a level not seen since the end of February, Trading View’s Bitcoin chart shows.
🌤️ Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with bearish clouds lingering over Bitcoin, Cardano and Binance Coin, indicating further downside pressure. A bullish sun will, however, shine over Ether, Avalanche, Ripple’s XRP and many other altcoins covered by ATTMO.
🌥 Over a one-week horizon, bearish clouds are likely to sweep over most of the cryptoverse putting additional pressure on Bitcoin, Ether, Cardano… Dogecoin, Polkadot and Polygon are set to buck this negative trend as bullish sun is forecast to shine over them over the coming week.
Cryptomonnaie
BTC drops further in the next couple of days; rebound next weekThe cryptocurrency trend was mixed over the past 24 hours ahead of the Federal Reserve’s interest rate decision tomorrow. The benchmark interest rate is expected to be left unchanged at 5.25 percent; a 23-year high.
Investors will instead carefully analyze the wording about its future path. Some analysts expect three rate cuts later this year, while others forecast one or none as inflation concerns have reemerged in recent weeks. High interest rates do not support risky assets such as cryptocurrencies.
Meanwhile, the outflows from the largest spot Bitcoin exchange traded funds (ETFs) approved in the US continued for the fourth consecutive day. Last week, digital investment products (including the above-mentioned ETFs) saw outflows for a third consecutive week, the asset manager CoinShares reports. The majority of the outflows were recorded by the incumbent Grayscale ETF, GBTX, which was converted into an ETF in January.
The price of Bitcoin has dropped almost 10 percent over the past month, Trading View’s Bitcoin chart shows but rose 1.3 percent to $63,128 over the past 24 hours.
Bearish clouds linger over Bitcoin, Litecoin, Ripple’s XRP, Cardano, Avalanche and the other altcoins covered by ATTMO in the next 24 hours, signaling downside pressure. The sun will break through for Bitcoin not before the next week.
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ETH to 2,800 in the next 3 days ☁️, then rebound?May approvals of spot ETH ETFs in the US seem out of question. The meetings held between the asset managers that have filed spot Ether ETF applications and the Securities and Exchange Commission (SEC) have been one-sided and discouraging, CryptoSlate reports. This is in stark opposition to the meetings held ahead of the SEC’s approval of spot Bitcoin ETFs in January, when the regulator had provided significant feedback on the applications. The price of Ether dropped 3.4 percent to $3,208 over the past 24 hours.
☁️ Bearish clouds linger over the global crypto market, including Bitcoin and Ether, in the next 24 hours, indicating downward pressure. Over a one-week horizon, this low pressure will remain over Ripple’s XRP, Litecoin, Cardano, Binance Coin and Uniswap.
🌤️ Bullish trading conditions will, however, prevail over Bitcoin and Ether in the coming week, as the sun manages to break through the bearish clouds, ATTMO shows.
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ETH - ☀️ & Slightly Bullish for the Week AheadLast week, three issuers obtained approval to launch spot Bitcoin and Ether ETFs by Hong Kong’s Securities and Futures Commission (SFC). These new funds will start trading on April 30, according to various sources, including 10x Research.
The approval of the first spot ETH ETFs in the US next month does, however, seem unlikely.
“Eerily quiet on spot eth ETFs… Consensus is SEC will disapprove in May. Reason = lack of engagement w/ issuers. Logic says that’s correct, but also wonder if SEC learned lesson from clown show w/ spot btc ETFs. Either way, options are either A) approve or B) face lawsuit IMO,” said Nate Geraci, the co-founder of the ETF Institute.
The price of Ether fell 1.1 percent to $3,187 over the past 24 hours.
A bullish sun shines over most of the global crypto market in the next 24 hours. Mostly sunny trading conditions prevail over Ethereum, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks.
Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds.
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BTC - ☀️ & Bullish Potential For The Next Week A very strong sun shines over Bitcoin and Chainlink in the next 24 hours, indicating some upside potential lying ahead. Other altcoins, including Ether, Ripple’s XRP and Cardano will also profit from this bullish trend, while Litecoin and Uniswap face bearish clouds.
These sunny bullish trading conditions should prevail over the cryptoverse the coming week, as leading tech companies will announce their quarterly results. Avalanche, Binance Coin and Uniswap won’t profit from this bullish mood and face bearish clouds, which signal downside risks.
“A massive supply shock is coming. With the Bitcoin halving, miners can now only produce 450 BTC each day. The ETFs in the US have bought up around 3,214 BTC on average each day. This number could increase significantly when Hong Kong ETFs start trading,” the crypto profile Lark Davis said.
Analysts at leading banks disagree on whether the price of Bitcoin will continue up following Friday’s halving. Deutsche Bank expects prices to “stay high due to expectations of future spot ether (ETH) ETF approvals; future central bank rate cuts; and regulatory changes” but do “not expect them to increase significantly,” Bitcoin.com reports.
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ETH Faces Bearish ☁️ & 🌧️ In the Next 7 Days - CAUTION! Eight of the top 10 best performing ETFs last week were digital currency funds, largely led by Ethereum futures funds, eft.com writes in its daily note. The best performing fund was ProShares’ Ether Strategy ETF (EETH), which gained 12 percent. This ETF manages a total of roughly $63 million in assets.
EY, one of the four major accounting firms, has launched a contract management solution based on Ethereum’s blockchain, CryptoNews reports. “Deploying on a public blockchain is not only cheaper, but also much more scalable, helping enable many-to-many integrations on an open platform with no one company having an unfair advantage by controlling the network,” EY’s global blockchain leader, Paul Brody, is quoted as saying.
Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with bearish clouds linger over Ether, Avalanche and Uniswap, signaling downside risks. However, Bitcoin, Binance Coin, Cardano and Ripple’s XRP will be profiting from a bullish sun and upside potential.
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BTC Bullish 24 Hours ☀️ ; Bearish Trends In the Medium-Term ☁️The cryptocurrency trend was negative over the weekend as tensions escalated in the Middle East. “Predictable unpredictability is the new normal… For markets in the short term, this should lead to position reduction,” Handelsbanken wrote in its daily note.
The price of Bitcoin fell to a low of $61,078 on Saturday. This market volatility led to liquidations of mainly long positions exceeding $1.6 billion on Friday and Saturday. Bitcoin has since somewhat recovered and is now up 1.3 percent to $65,111 over the past 24 hours.
Another factor that will impact the crypto universe over the coming week is Bitcoin’s halving. “While positive in the long term, the halving could cause mild short-term turbulence due to block production slowdowns,” K33 Research writes. Bitcoin's halving is set to happen on Saturday.
A bullish sun ☀️ shines over the global crypto market in the next 24 hours, signaling upside potential across the board, as cryptocurrencies rebound following the weekend’s selloff.
Over a one-week horizon, the sunny trading conditions should prevail over most of the crypto universe. 🌤️ However, ATTMO indicates that Bitcoin, Uniswap and Avalanche will face bearish clouds, which means downside risks ahead over this medium-term time horizon.
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BTC Bullish ☀️ Over the Next Week - Further Upside LikelyThe cryptocurrency trend was positive over the past 24 hours ahead of Bitcoin’s halving next week and despite the release of higher-than-expected US inflation data that initially pushed prices lower.
“Whether the Fed cut rates 25bps in June or not isn't the long-term driver of bitcoin prices right now. It's a marginal factor. ETF flows + rising deficits matter more, and they are lining up very well for bitcoin,” commented Matt Hougan, Bitwise Invest’s chief investment officer.
The spot Bitcoin exchange traded funds (ETFs) approved in the US three months ago exactly recorded $124 million in net inflows on Wednesday. There are currently roughly 19,680,000 Bitcoins in circulation.
“Investors in US ETFs own 838,730, or 4.3 %. If we exclude the BTC that has not moved in the last 3 years (9,650,000), the US ETFs own 8.4%. If we exclude the BTC that has not moved in the last 1 years (15,190,000), the U.S. ETFs own 18.7%,” the crypto profile @HODL15Capital noted.
Quarterly regulatory filings starting to drip in also show that financial advisers have acquired spot Bitcoin ETFs. Signal Advisors, for example, reported that it holds more than 20,000 of BlackRock’s NASDAQ:IBIT ETF, BlockBeats reports.
A bullish sun shines over the global crypto market in the next 24 hours, including Bitcoin and Ether, signaling upside potential. Over a one-week horizon, the trading conditions will be mixed with bearish clouds lingering over Uniswap, Polkadot, Ripple’s XRP and Binance Coin, indicating downside risks. The sun will, however, continue to shine over both Bitcoin and Ether over this medium-term time horizon.
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ETH 24-Hour Upside ☀️ Consolidation in 3-7 Days ⛅A new Ether upgrade is being considered by its developers, just weeks after the successful launch of the Dencun upgrade on the Ether mainnet. The scope of the Electra upgrade, as this new upgrade is called, will be made in the coming 1-4 weeks, Christine Kim, Vice President at Galaxy announced.
“There is the intention to have functional prototypes and devnets of Electra at some point in May and we're closing at the end of March,” according to the write up of the latest Ethereum developers’ consensus call.
A bullish sun shines over the global crypto market in the next 24 hours, indicating upside potential for all coins covered by ATTMO with the exception of Dogecoin.
Over the coming week, the trading conditions will be mixed with most coins continuing to profit from the bullish outlook. However, bearish clouds will linger over Ether, Cardano and Polkadot over this medium-term horizon, signaling a downward risk.
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XRP Downside Risks 24h & 3D ☁️; Price Recovery in 7 Days? ☀️John Deaton, a pro-crypto lawyer, confirmed that he will run as Republican Senate candidate in Massachusetts against the incumbent Senator, Democrat Elizabeth Warren.
“I’m excited for the opportunity to fight for change, and for the people of Massachusetts in the United States Senate,” he said.
Deaton represents over 75,000 XRP holders as amicus counsel in the ongoing court battle between Ripple Labs and the Securities and Exchange Commission.
The price of XRP fell 3.3 percent to 54 cents over the past 24 hours. Trading conditions for XRP are going to be mixed over the next couple of days. Further downside is forecasted by ATTMO for the next 24 hours and 3 days, with some returning over a one-week horizon.
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[MATIC] Time for the Bull ?After a long time almost side way or on a downside move, it's probably the moment for a new push soon.
The wall around $0.8 with it huge fake break-down lead to a push to the up. For me this can be the start of the move I am waiting since a while.
We need price to break the $1.0930 level with strenght to confirme this move, otherwise it will be better to close this entry and wait for a new entry point.
Great Trade !
FILUSDT Analysis - Waiting for a Price Decline to 4.97 USDTOverview:
On the FILUSDT chart, a downtrend is observed, with a key support identified around the 4.97 USDT level, as depicted in the green zone on the chart.
Recommendation:
It is advisable to await a price decline to the support zone at 4.97 USDT before considering a buying position. This zone appears to be a significant support level, and price history suggests rebounds are common from this level.
Key Points:
Support Zone: The green zone indicates a key support level at 4.97 USDT.
Buying Position: Consider a buying position once the price reaches the support zone at 4.97 USDT.
Stop Loss: Use a tight stop loss to manage risk in case of unexpected movements.
Risks: Avoid entering a buying position at the 5.14 USDT level, as this could entail higher risks based on technical analysis.
Advice:
Be vigilant and patient. Wait for confirmation of the price decline to 4.97 USDT before making a buying decision. Utilize tools such as momentum indicators and candlestick patterns to refine your entry.
Note: This analysis is based on historical data and past trends; markets can evolve, and it's essential to monitor real-time developments.
XRP Bearish ☁️ Over the Next WeekEarlier this week, a New York court ruled that Ripple Labs must make its financial statements for 2022-2023, as well as other documents requested by the Securities and Exchange Commission (SEC) public by Feb 12. Ripple has now asked the judge to extend this deadline by eight days to Feb 20, court documents show. The SEC has accepted this request.
The price of XRP increased 2.2 percent to 51 cents over the past 24 hours.
ATTMO shows that Ripple’s XRP, Avalanche and Polkadot will face bearish clouds and downside risk in the short-term and medium-term horizon. However, a bullish sun will shine over Bitcoin, Ether, Binance Coin and Cardano in the next 24 hours and week, signaling upside potential.
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ETH Sees Bullish ☀️ In the Next 24 Hrs; Bearish ☁️ In 1 Week Ethereum, Ripple’s XRP and Cardano will profit from a bullish sun in the next 24 hours, according to ATTMO.
The Hong Kong-based asset manager Venture Smart Financial Holdings (VSFG) plans to apply for a spot Ether ETF in Hong Kong during the second quarter, conditional on the approval of its spot Bitcoin ETF during the first, the Block reports.
The price of Ether rose 1.5 percent to 2,306 dollars over the past 24 hours.
Meanhile, Bitcoin, Binance Coin and Avalanche are set to face bearish clouds over the same time horizon.
Over a one-week horizon, this bullish sun will shine over Bitcoin, Dogecoin and Polygon, signaling upside potential. Bearish clouds will, however, sweep over Ether, Litecoin, XRP, Cardano and Binance Coin, indicating downside pressure ahead.
XRP 24H Upside Potential☀️; Bearish Trading Trend in 1 Week? ☁️Bearish clouds and rain linger over the global crypto market in the next 24 hours, indicating downside risks. Particularly Ethereum will come under pressure, ATTMO shows.
Ripple’s XRP, Cardano and Dogecoin, however, have upside potential over this time horizon.
Over a one-week horizon, the bearish trading trend will extend to all crypto coins covered by ATTMO, with the exception of Dogecoin which is likely to have additional upside potential.
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ETH - Bearish ☁️; Price Under Pressure? Time to Short? Bearish clouds and rain linger over the global crypto market in the next 24 hours, indicating downside risks. Particularly Ethereum will come under pressure, ATTMO shows. The price of Ether fell 5 percent to roughly 2,230 dollars.
Ripple’s XRP, Cardano and Dogecoin, however, have upside potential over this time horizon.
Over a one-week horizon, the bearish trading trend will extend to all crypto coins covered by ATTMO, with the exception of Dogecoin which is likely to have additional upside potential.
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BTC - Bearish Week Ahead? ☁️ ☁️ ☁️ Cryptocurrencies extended their losses over the past 24 hours, with the price of Bitcoin falling below 40,000 US dollars. This level has not been hit since early December.
The price of Bitcoin recouped some of the overnight losses and was down 2.4 percent at 40,070 US dollars at 7:30 CET.
ATTMO shows bearish cloudy and rainy trading conditions linger over the global crypto market in the next 24 hours and week, with both Bitcoin and Ether likely to face further downside pressure.
Binance Coin, Dogecoin and Chainlink should escape and see some bullish sun shining over them over the next 24 hours. Over a one-week horizon, Litecoin, Dogecoin and Chainlink should all have upside potential.
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BTCUSD 1WMy analysis of the Bitcoin pair against the dollar, my view remains somewhat negative in the coming weeks, as we are facing negative news that concerns this pair. In addition, technically, nothing stands in the way of Bitcoin falling until the areas 31,600 and 29,500. Here we see the 50 percent Fibonacci level, and this is an important support area for the pair as well, which has been broken. Very liquid and has not been tested yet. Thank you for your support, it gives me energy to work harder
ADA Faces ☁️ - Time to Short? Most altcoins face bearish trading conditions in the next 24 hours, ADA included. Over a one-week horizon, these bearish and cloudy trading conditions will spill over to Bitcoin which is likely to face downside risk, just as Ether, Ripple’s XRP and Cardano.
“The Cardano network has no meaningful use or any credible track to get it,“ according to K33 Research, singling out the fact that there are no stablecoins issued using the Cardano blockchain.
“No USDT or USDC in a network generally means that no meaningful decentralized finance (DeFi) occurs, and that Tether and Circle attest to this because if something went on, they would issue stablecoins there,” the crypto research consultancy said.
“All price signals also point to Ada gradually disappearing from the crypto map. Ada has not rallied in line with other ‘stronger’ smart contract tokens when markets have improved, which is a strong indicator of a dying coin,” K33 Research warns.
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