PriceMovement
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🚨 #Bitcoin's #PriceMovement slips below $41,000, wiping out last week's gains as the rally takes a breather.
📉 $BTC is currently #trading at just over $40,800 , down 2.9% in the last 24 hours and 3.9% on the week.
📉 $BTC is currently #trading at just over $40,800 , down 2.9% in the last 24 hours and 3.9% on the week.
**Just In: 🔔**
Glassnode co-founder Yann Allemann commented on Bitcoin's recent performance, noting a 6% surge followed by a 4.5% drop after hitting resistance at $28,500. Allemann mentioned that the risk signal remains above the high-risk threshold, and the rapid downward movement suggests that a significant decline is currently unlikely.
#Bitcoin #Cryptocurrency #MarketAnalysis #PriceMovement
Glassnode co-founder Yann Allemann commented on Bitcoin's recent performance, noting a 6% surge followed by a 4.5% drop after hitting resistance at $28,500. Allemann mentioned that the risk signal remains above the high-risk threshold, and the rapid downward movement suggests that a significant decline is currently unlikely.
#Bitcoin #Cryptocurrency #MarketAnalysis #PriceMovement
Crypto Watch: Anticipating the BTC ETF Approval☕
In crypto, prices ignored the move in macro and majors retraced about 3% from the highs, as we get into crunch-time on the BTC ETF approval window this week. We have no insights into the approval timing, but are leaning cautiously at the juncture and would prefer to be buying on dips in case of any delay disappointment, as any ETF-led inflows will take many quarters to materialize in any case. In any case, let's just hope that Santa Claus is just as kind to us crypto degens as he has to our TradFi brethren!
#CryptoMarket #BTCETFApproval #PriceMovement #ETFInflows #SantaClausHopes
In crypto, prices ignored the move in macro and majors retraced about 3% from the highs, as we get into crunch-time on the BTC ETF approval window this week. We have no insights into the approval timing, but are leaning cautiously at the juncture and would prefer to be buying on dips in case of any delay disappointment, as any ETF-led inflows will take many quarters to materialize in any case. In any case, let's just hope that Santa Claus is just as kind to us crypto degens as he has to our TradFi brethren!
#CryptoMarket #BTCETFApproval #PriceMovement #ETFInflows #SantaClausHopes
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Considering all the #fud and other circumstances , it is not translating in #PriceMovement 🤷♂️ in my eyes , they are the same. Must be more dumpage to come or $4.3 billion and #cz are a nothing burger? hmm $BTC $RIF $BNB
#Cardano Analysis for December 21
📈 Although $ADA experienced a 78% increase in December 2023, its growth has somewhat plateaued. The asset has been trading sideways for the past two weeks, hovering between a support zone of $0.52–$0.56 and a resistance range of $0.64–$0.68
With #Bitcoin 's bullish trend, #ADA's continued rise seems likely. A key resistance level at $0.62 stands in its way, but surpassing this could lead to a potential surge towards $0.7.
Conversely, $ADA could face a deeper correction if Bitcoin’s chart reflects a downturn. In such a scenario, Cardano might retest its existing support zone and possibly probe the psychological level of $0.5.
#ADA #priceprediction #PriceMovement #PriceTrends
📈 Although $ADA experienced a 78% increase in December 2023, its growth has somewhat plateaued. The asset has been trading sideways for the past two weeks, hovering between a support zone of $0.52–$0.56 and a resistance range of $0.64–$0.68
With #Bitcoin 's bullish trend, #ADA's continued rise seems likely. A key resistance level at $0.62 stands in its way, but surpassing this could lead to a potential surge towards $0.7.
Conversely, $ADA could face a deeper correction if Bitcoin’s chart reflects a downturn. In such a scenario, Cardano might retest its existing support zone and possibly probe the psychological level of $0.5.
#ADA #priceprediction #PriceMovement #PriceTrends
On March 29, brief analysis for BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, and TON was done to gauge their price trends.
Bitcoin's recent recovery has encountered resistance near $70,000, although bullish sentiments persist. Acheron Trading CEO Laurent Benayoun anticipates the current bull cycle to potentially reach between $120,000 and $180,000, citing factors such as Bitcoin exchange-traded funds, the upcoming halving, and potential interest rate reductions. Similarly, Bitwise chief investment officer Matthew Hougan advises maintaining a long-term perspective, suggesting that even a 1% allocation from global wealth managers could inject around $1 trillion into the crypto space. However, trading firm QCP Capital warns of potential exhaustion in the current rally, signaling challenges for further upside. As the debate continues, analysts are closely monitoring whether Bitcoin and altcoins could undergo corrections or sustain their rally. The analysis delves into the price movements of the top 10 cryptocurrencies, assessing their potential trajectories amidst the ongoing market dynamically
#BitcoinTrends" #BullishSentiment #MarketDynamics #PriceMovement #Altcoins👀🚀
Bitcoin's recent recovery has encountered resistance near $70,000, although bullish sentiments persist. Acheron Trading CEO Laurent Benayoun anticipates the current bull cycle to potentially reach between $120,000 and $180,000, citing factors such as Bitcoin exchange-traded funds, the upcoming halving, and potential interest rate reductions. Similarly, Bitwise chief investment officer Matthew Hougan advises maintaining a long-term perspective, suggesting that even a 1% allocation from global wealth managers could inject around $1 trillion into the crypto space. However, trading firm QCP Capital warns of potential exhaustion in the current rally, signaling challenges for further upside. As the debate continues, analysts are closely monitoring whether Bitcoin and altcoins could undergo corrections or sustain their rally. The analysis delves into the price movements of the top 10 cryptocurrencies, assessing their potential trajectories amidst the ongoing market dynamically
#BitcoinTrends" #BullishSentiment #MarketDynamics #PriceMovement #Altcoins👀🚀
In essence, the SUI Blockchain offers innovative ways for applications to function on the decentralized web (Web3).
SUI is gaining popularity among it's users and traders in large. It is showing significant momentum, and with anticipation of some airdrops scheduled in February, the price movement is expected to continue. This scenario has more buyers than sellers, making it wise to join the stronger side.
$SUI
#TradeNTell #PriceMovement #sui
SUI is gaining popularity among it's users and traders in large. It is showing significant momentum, and with anticipation of some airdrops scheduled in February, the price movement is expected to continue. This scenario has more buyers than sellers, making it wise to join the stronger side.
$SUI
#TradeNTell #PriceMovement #sui
"Market Analysis: Potential Pullback Ahead
$BTC has broken its market structure and is now making a retracement, forming a lower high. This could lead to a price drop to lower levels, potentially triggering panic selling among weak hands and allowing for liquidity grabs. According to #Po3, this phase may be an accumulation period, potentially followed by manipulation at lower levels before the next distribution phase (bull run continuation). Stay informed for further updates.
#Bitcoin #MarketAnalysis #PriceMovement
$BTC has broken its market structure and is now making a retracement, forming a lower high. This could lead to a price drop to lower levels, potentially triggering panic selling among weak hands and allowing for liquidity grabs. According to #Po3, this phase may be an accumulation period, potentially followed by manipulation at lower levels before the next distribution phase (bull run continuation). Stay informed for further updates.
#Bitcoin #MarketAnalysis #PriceMovement
🚀 My prediction is playing out! 🤯
In my recent article, I analyzed the post-halving price movement of BTC and predicted the exact scenario we're seeing now! 📊👀 Want to know my analysis and insights? Read the full article here 👇#Bitcoin #PostHalving #PriceMovement #Megadrop #BinanceTournament
In my recent article, I analyzed the post-halving price movement of BTC and predicted the exact scenario we're seeing now! 📊👀 Want to know my analysis and insights? Read the full article here 👇#Bitcoin #PostHalving #PriceMovement #Megadrop #BinanceTournament
LIVEAI Prince
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Bitcoin Post-Halving: Entering the Accumulation Phase? Detailed Analysis and Future Predictions! 📈
Bitcoin has recently undergone its latest halving on April 19, 2024. Let’s dive into an analysis of BTC's current stage in the post-halving cycle and make some future price predictions based on the latest price chart.
Current Price: $71,003.22 📊
Current Stage: Accumulation Phase 🛒💰
1. Accumulation Phase Characteristics:
- Steady Buying Pressure: After the initial post-halving excitement, the market often sees increased interest from institutional investors and long-term holders accumulating BTC at perceived lower prices before the next bull run.
- Sideways Movement: This phase is typically characterized by relatively sideways price action, as seen on the chart with BTC trading within a defined range.
=> Key Indicators Supporting the Accumulation Phase
1. Volume Analysis:
- Stable Volume: The trading volume is relatively stable, indicating neither a massive sell-off nor a buying frenzy. This aligns with the accumulation phase where buying and selling pressure are balanced.
2. Price Levels:
- Support Level: BTC is holding above the key support level at $65,914.33. This stability suggests strong accumulation support at this price point.
- Resistance Level: The resistance at $73,777.00 is yet to be decisively broken. Consolidation below this level indicates a period of accumulation before a potential breakout.
3. Technical Indicators:
- Bollinger Bands: The price is hovering near the middle band, suggesting a period of consolidation and reduced volatility.
- RSI (Relative Strength Index): Currently at 73.27, the RSI is in overbought territory, indicating potential for consolidation or minor pullbacks, typical in an accumulation phase.
- MACD (Moving Average Convergence Divergence): The MACD remains bullish, supporting the idea that buyers are gradually accumulating BTC.
=> Possible Scenarios and Predictions:
1. Continuation of Accumulation:
- Range Trading: BTC may continue to trade between $65,914.33 and $73,777.00. This is a prime period for accumulation by long-term investors.
- Indicators to Watch: RSI and MACD should be monitored for signs of a shift in momentum.
- Timeframe: This phase could last for the next 2-3 months as BTC builds a solid foundation for the next move.
2. Potential Breakout:
- Bullish Signal: A breakout above $73,777.00 with strong volume could signal the end of the accumulation phase and the beginning of the next bullish cycle.
- Target Levels:
- Short-Term (1-2 months): $77,244.12
- Mid-Term (3-6 months): Potential to reach $85,000 to $90,000 if bullish momentum continues.
- Long-Term (6-12 months): New all-time highs possibly ranging from $100,000 to $120,000 depending on market conditions and investor sentiment.
3. Bearish Reversal:
- Warning Signal: A drop below $65,914.33 might indicate a bearish reversal, challenging the accumulation narrative.
- Support Levels:
- Immediate Support: $54,584.56 if a bearish scenario unfolds.
- Further Downside: Could see levels around $50,000 if the market sentiment turns negative.
- Timeframe: A bearish reversal could extend the consolidation phase by 3-6 months as the market regains confidence.
In conclusion, Bitcoin appears to be in the accumulation phase post-halving, characterized by steady buying pressure and sideways movement. The key levels to watch are $65,914.33 (support) and $73,777.00 (resistance). A breakout above or below these levels will provide the next significant signal for BTC's direction.
In the next few months, BTC could either continue to consolidate within this range, break out to new highs, or see a bearish pullback. Staying informed and vigilant will be crucial in navigating this phase of the market.
Stay tuned and prepared for potential market shifts! 📈🚀🔍 #BTC #bitcoin $BTC
Current Price: $71,003.22 📊
Current Stage: Accumulation Phase 🛒💰
1. Accumulation Phase Characteristics:
- Steady Buying Pressure: After the initial post-halving excitement, the market often sees increased interest from institutional investors and long-term holders accumulating BTC at perceived lower prices before the next bull run.
- Sideways Movement: This phase is typically characterized by relatively sideways price action, as seen on the chart with BTC trading within a defined range.
=> Key Indicators Supporting the Accumulation Phase
1. Volume Analysis:
- Stable Volume: The trading volume is relatively stable, indicating neither a massive sell-off nor a buying frenzy. This aligns with the accumulation phase where buying and selling pressure are balanced.
2. Price Levels:
- Support Level: BTC is holding above the key support level at $65,914.33. This stability suggests strong accumulation support at this price point.
- Resistance Level: The resistance at $73,777.00 is yet to be decisively broken. Consolidation below this level indicates a period of accumulation before a potential breakout.
3. Technical Indicators:
- Bollinger Bands: The price is hovering near the middle band, suggesting a period of consolidation and reduced volatility.
- RSI (Relative Strength Index): Currently at 73.27, the RSI is in overbought territory, indicating potential for consolidation or minor pullbacks, typical in an accumulation phase.
- MACD (Moving Average Convergence Divergence): The MACD remains bullish, supporting the idea that buyers are gradually accumulating BTC.
=> Possible Scenarios and Predictions:
1. Continuation of Accumulation:
- Range Trading: BTC may continue to trade between $65,914.33 and $73,777.00. This is a prime period for accumulation by long-term investors.
- Indicators to Watch: RSI and MACD should be monitored for signs of a shift in momentum.
- Timeframe: This phase could last for the next 2-3 months as BTC builds a solid foundation for the next move.
2. Potential Breakout:
- Bullish Signal: A breakout above $73,777.00 with strong volume could signal the end of the accumulation phase and the beginning of the next bullish cycle.
- Target Levels:
- Short-Term (1-2 months): $77,244.12
- Mid-Term (3-6 months): Potential to reach $85,000 to $90,000 if bullish momentum continues.
- Long-Term (6-12 months): New all-time highs possibly ranging from $100,000 to $120,000 depending on market conditions and investor sentiment.
3. Bearish Reversal:
- Warning Signal: A drop below $65,914.33 might indicate a bearish reversal, challenging the accumulation narrative.
- Support Levels:
- Immediate Support: $54,584.56 if a bearish scenario unfolds.
- Further Downside: Could see levels around $50,000 if the market sentiment turns negative.
- Timeframe: A bearish reversal could extend the consolidation phase by 3-6 months as the market regains confidence.
In conclusion, Bitcoin appears to be in the accumulation phase post-halving, characterized by steady buying pressure and sideways movement. The key levels to watch are $65,914.33 (support) and $73,777.00 (resistance). A breakout above or below these levels will provide the next significant signal for BTC's direction.
In the next few months, BTC could either continue to consolidate within this range, break out to new highs, or see a bearish pullback. Staying informed and vigilant will be crucial in navigating this phase of the market.
Stay tuned and prepared for potential market shifts! 📈🚀🔍 #BTC #bitcoin $BTC
