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#Bitcoin 's Q1 Price Crash of Almost 70% Could Signal Exhaustion Crucial Elements With a 65% price gain in Q1 2024, Bitcoin (BTC) may reach "exhaustion" levels. There may be difficulties in sustaining progress in the next quarter, according to trading company QCP Capital. The Possible Deterioration of Bitcoin Signs of possible "exhaustion" after a 65% increase in value are appearing as the first quarter of 2024 comes to an end for Bitcoin. The trading company QCP Capital informed its Telegram channel members of this prediction on March 29. A potential obstacle for the cryptocurrency in the next quarter, according to the business, might be the steep price rise. As a number of important data points, including the weekly, monthly, and quarterly candles, are likely to shut at the same time, the trading world is watching the weekend with great interest. Even if $BTC price is very close to its all-time high, the cryptocurrency is having trouble turning existing levels of support into new ones. The Positive Prognosis from QCP Capital In spite of all these worries, QCP Capital is still bullish on Bitcoin for the second quarter. The London Stock Exchange ETNs, the impending Bitcoin halving, and the sustained demand for Bitcoin spot ETFs are among of the factors that the business highlights as possible drivers of a bullish view. With so much happening so quickly this year—including the introduction of US spot Bitcoin ETFs in January—the bulls may find it challenging to maintain their current level of enthusiasm. After the first quarter's exponential price surge, QCP Capital saw symptoms of fatigue. Ethereum $ETH sentiment has been declining, and the business has seen continuously high financing rates across exchanges. Despite QCP Capital's continued bullishness on Bitcoin, the firm warns against using leverage and is ready to profit from major price drops. Bitcoin has had a 65.4% gain so far this year, according to the latest figures. The performance is almost identical to the first quarter of 2023, with a discrepancy of just 6%. #Memecoins #BullorBear

With a cautionary note for enthusiastic #ETH bulls, Ethereum's short-term range predicts $4,000 On the four-hour chart, the price of #Ethereum is seen trading between $3,054 and $4,095. Before Ethereum tries to reach $4,000, a sell-side liquidity sweep is probably in order. Ethereum (ETH) has the potential to reach a new all-time high of $4,095. From the vantage point of breakout traders, the price of Ethereum (ETH) seems to be prepared for an upward trend. This isn't always the case, however, since clever money or market makers sometimes gather liquidity in the other direction first. As a result, bulls on ETH should be patient. Ethereum pricing may entice traders who aren't patient Between March 11 and 20, the price of Ethereum fell 25%, creating a range of $3,054 to $4,095. At the moment, ETH has initiated a rapid rise over the $3,574 middle of the aforementioned range. Investors should proceed with care despite the attractiveness of this potentially turbulent move for trading. Rapid declines in the cryptocurrency market often reverse the initial burst. The objective of this course of action is to gather liquidity below critical levels. Since establishing the range low on March 20, So, a breakthrough over $3,574 and $3,658 is probably not going to last forever; a correction may happen shortly. Assuming Bitcoin (BTC) has completed its short-term liquidity collection, a $3,461 sweep might provide as an excellent entry point for longs. If this happens, ETH will very certainly go higher, break over the $3,658 mark, and aim for a retest of the $4,000 psychological threshold. At rest, the range high is at $4,095, which may potentially be reached if selling pressure is strong; it is $95 higher than this level. To the contrary, altcoins will likely suffer losses as a result of Bitcoin's price not recovering from its short-term liquidity run. If this happens, the price of Ethereum may go below the $3,054 area. Confirmation of the downtrend would be confirmed and the bullish thesis for $ETH would be rendered incorrect if the mentioned level

Get Ready for a Wild Ride to $100 Coming to $XRP , Says This Analyst! Ripple's native asset, #XRP has been trending in the cryptocurrency market lately—not because of its price increase, but because it hasn't. Investors are worried that XRP will not move in the market, even if Ethereum and Bitcoin have had substantial price increases. Nevertheless, crypto expert Andrew Forte's new forecast has rekindled conversations over XRP's potential, with a price objective of $100 per coin by 2037. Although Forte's forecast is somewhat bold, XRP has been predicted to soar in the future before. During the 2017 bull run, the token did poorly at first, but it eventually beat the market. For those who think XRP is just following a similar trend, this historical precedent provides fuel for hope. At its current price of$100, XRP would have seen a phenomenal rise of 15,900%. The optimistic view held by Forte is shared by others. In the past, XRP has been predicted to hit $100 by Steven Neyaroff, a former Ethereum adviser, and Matt Hamilton, a former Ripple director. The timeline, however, is where these forecasts diverge significantly. Although Forte has committed to a precise year of 2037, others are being more circumspect. Predictions about cryptocurrencies are inherently fraught with uncertainty, as these differing viewpoints show. A number of important elements will determine XRP's fate. The implementation of Ripple's technology is expected to be the main factor. With Ripple's emphasis on easing cross-border payments for banks, XRP's potential for usage and value might skyrocket with broad adoption. Possible Effects on the Price of XRP: The Viewpoint of the Ripple Lawsuit On the other hand, Ripple's long-running litigation with the SEC is a major cloud. Institutional adoption of XRP might be impeded if the SEC is successful in its lawsuit claiming that XRP is not an enrolled security. An increase in the price of XRP would be precipitated by a favorable outcome for Ripple . #Ripple #BullorBear

RWA Rally Started by BlackRock's $100 Million Bet: Leading RWA Crypto

Mystery whale moves $332 million in #Solana and price forecast The Solana (SOL) blockchain's native token has performed well in the current rally, supported by crypto market gains and investor interest in meme currencies. As the community stays enthusiastic, #SOL investors are awaiting the next price movement that might lead to a record high over $200. Notably, SOL prices have risen with strong token activity on-chain. Whale Alert reported on March 29 that 1,757,028 SOL tokens worth $332 million were transferred between unknown wallets. Next for Solana? In addition to whale behavior, other factors affect the next Solana price. SOL is stabilizing below $200, with some experts saying it might go either way. According to crypto trading researcher Trading Shot, SOL might retrace to $155 or reach a record high of $310. Technical research showed that SOL was trading in a one-day triangle pattern, which informed his prediction. The one-day moving average (MA) of 50 has given constant support since late September 2023, with just a small interruption in late January 2024 during the preceding channel-up period, he said in the March 29 study. “That Channel Up formed a Triangle halfway through, and when the price broke up, it peaked on its 1.5 Fibonacci extension. In case of a similar bullish break-out, we will purchase and aim $310. He suggested they will short and target the 1D MA50 around $155 if the Triangle breaks down first. Solana beats Ethereum Additionally, on-chain data suggest Solana price growth. According to blockchain monitoring firm Artemis, Solana's weekly stablecoin transfer volume reached $364.7 billion on March 30, surpassing Ethereum's $152.99 billion. Solana confronts various hurdles in its possible rise to a new high. The network has long worried about interruptions deterring developers. However, with meme currencies released on the platform as catalysts, care is advised since such tokens usually have no foundations and may correct. $SOL #Memecoins #BullorBear

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