#BTC Today Analysis & Predictions Update May 17'2024
In about 1-2 hours US Market will be open and looking at DXY movements it seem still in small to medium volatility (3-15 points up down) also the movements look more DOWNWARD which I think will not give much effects to crypto market
Currently when this post being written #BOME #FLOKI #PEPE got price increase which made me also thinking that BTC may going to climbing up again today
In my opinion the price increase in BOME FLOKI PEPE seem caused by some investors that want to SECURING their positions with EARLY BUYING so when the coins going up they can gain more profits from their early buy actions
If what I'm thinking is right then soon we will see BTC climbing up again to reach upper range and take other coins with it which also make my analysis & predictions in my previous post will happen sooner where I had wrote BTC may visit $67k in this weekend if DXY movements showing downward and greed index not going down too
Also if you take a look at recent BTC order book there is more buying orders than selling orders when this post being written
Keep aware with dump attempts that may happen every weekend even if the attempts can't take BTC price going lower but still will prevent BTC to move higher just like before
As always DYOR
God bless
LIVEWith yesterday BIG DIP in crypto market had made today crypto market in FEAR even when greed index showing +2 from yesterday value and I guess also because today is Friday where usually at the end of the day market manipulation started
My today analysis & predictions almost same with yesterday where I had stating BTC will going in sideways at $65-$66k but I want to add more parameters into it that may change my yesterday predictions and I think can be used by my readers when DYOR for making decisions
I had attaching 2 image in this post but the one you should look is the image that show recent DXY movements when this post being written
At the moment DXY movements showing slightly decrease around 0.090-0.100 after touching 104.649 which also explaining that yesterday manipulation also happened in stock market, maybe by driving upcoming news about US Unemployment data
If DXY chart still showing downtrend when Friday market close and greed index still at 72 even get some increase then there is a chance we may see BTC price climbing up to $67-$68k range in this weekend followed by meme coins like #BOME #FLOKI #PEPE which I think is more sensitive with BTC movements but if not be prepared with BTC roller coaster to $64k range at worse before bouncing back again
So far as you can see from the second image, it show coins situation in my watch list when this post being written that mean crypto market still in waiting for what will come next following today market situations
Edit :
Add price range prediction if BTC going down today
As always DYOR
God bless
