〽️Bitcoin traded around $65k - $66k over the weekend and went down tonight. Most alts followed suit.
🪙BTC is trading around - $64,430
🔷ETH fluctuates around — $2,632
📈The biggest growth over the day was shown by FTT +59.60%
📉The biggest drop was shown by SHIB -6.88%
📊Indicator:
😨Fear and Greed Index - 61
💲Altseason index - 37
📈Long/Short ratio - 47/53
💰Cryptocurrency market capitalization is $2.22 trillion.
👑Bitcoin dominance — 57.43%
🏦Over the past week, the net inflow into the BTC-ETF was +$1.106 billion, the week before the inflow was +$397.2 million. The net inflow into the ETH-ETF was +$85 million, the week before the outflow was -$25.6 million.
😏Growing demand for BTC-ETF may signal some positivity, but gambling addicts need to keep an eye on the news related to Mt.Gox, which could screw up everything (Mt.Gox has 44,905 BTC to pay creditors).
💵The average breakeven level for short-term Bitcoin holders over the last 155 days is $63k. This level can become a significant support.
😇 Also today, Fed Chairman D. Powell will speak. His bullshit about economic prospects and the rate trajectory may affect the demand of gambling addicts.
🇹🇷Turkey has abandoned plans to introduce taxes on stocks and cryptocurrency.
🔮Forecast:
Bitcoin remains above the 50-day and 200-day EMA, confirming the bullish signals. A break above $66,517 could indicate a return to $67,500. And in case of a break above $67,500, there is a chance of a run towards the resistance level of $69k-$70k. Conversely, a break below the support at $64k could lead to a move towards the support level of $60k.
