GoGreen2024
Mr. Nobody
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All financial advisors can predict this before a massive pump .. this is not a surprise .. absolute bullish scenario is gonna begin as of tomorrow 🚀🚀🚀🚀🚀🚀
I warned you before it happened and told you another attempt was coming 😅💯
1 minute candle dropped from 103K all the way to 101K 👀 this just indicates what I told you about support zones, now $BTC doesn’t have any support all the way to 98K, so it will keep going down to that zone or at least below 100K is fine.
If you don’t like what I share, don’t interact with it, I’m just sharing my analysis and thoughts and raising awareness to those who don’t have time or tools to analyse the market. I don’t say that everything I predict is right, but most of it usually turns out to be true and right. 💯💥
Be careful these days, the market is so volatile and there will be so many ups and down to liquidate many investors from the market before moving up again, don’t be one of those, wait for the right moment and don’t rush your trades. 🙏🏻
$TRUMP this also will be affected for a little bit, could go down to 35-30$ 👌🏻
1 minute candle dropped from 103K all the way to 101K 👀 this just indicates what I told you about support zones, now $BTC doesn’t have any support all the way to 98K, so it will keep going down to that zone or at least below 100K is fine.
If you don’t like what I share, don’t interact with it, I’m just sharing my analysis and thoughts and raising awareness to those who don’t have time or tools to analyse the market. I don’t say that everything I predict is right, but most of it usually turns out to be true and right. 💯💥
Be careful these days, the market is so volatile and there will be so many ups and down to liquidate many investors from the market before moving up again, don’t be one of those, wait for the right moment and don’t rush your trades. 🙏🏻
$TRUMP this also will be affected for a little bit, could go down to 35-30$ 👌🏻
Bearish pressure?? 😂😂😂🫢🫢🫢 side effects of taking too much photo
$BTC C Hold or Break?
Bitcoin is struggling to hold the $92,000 support level on the 12-hour chart—a critical zone where bearish pressure is building.
Volume analysis shows selling activity increasing, signaling a potential move to the downside.
Key Downside Targets If Support Breaks:
$87,800
$85,000
Why This Matters:
A break below $92,000 could trigger panic selling, accelerating Bitcoin's decline toward lower support zones.
This level has acted as a key barrier for buyers,
and losing it would weaken the bullish structure.
What to Watch:
1. Support Breakdown: Look for confirmation below $91,500 with strong bearish volume.
2. RSI Levels: Watch for oversold conditions near $87,800 for a possible rebound.
3. Market Sentiment: Broader crypto trends could either cushion the drop or amplify it.
Next Moves for Traders:
Short-Term Traders: Consider short positions on a confirmed break of $92,000, with stops above $94,000.
Long-Term Holders: Accumulate cautiously around $85,000 if selling pressure eases,
but prepare for volatility.
Risk Management: Always set stop-losses and position sizes carefully.
Bitcoin is at a make-or-break moment—stay sharp and ready for quick decisions! Keep monitoring for any signs of reversal or deeper corrections.
Happy trading!
#TRUMPOnBinanceFutures #SOLNewATH #TRUMPCoinMarketCap #CryptoTrump2.0 #SOLVLaunchOnBinance
Bitcoin is struggling to hold the $92,000 support level on the 12-hour chart—a critical zone where bearish pressure is building.
Volume analysis shows selling activity increasing, signaling a potential move to the downside.
Key Downside Targets If Support Breaks:
$87,800
$85,000
Why This Matters:
A break below $92,000 could trigger panic selling, accelerating Bitcoin's decline toward lower support zones.
This level has acted as a key barrier for buyers,
and losing it would weaken the bullish structure.
What to Watch:
1. Support Breakdown: Look for confirmation below $91,500 with strong bearish volume.
2. RSI Levels: Watch for oversold conditions near $87,800 for a possible rebound.
3. Market Sentiment: Broader crypto trends could either cushion the drop or amplify it.
Next Moves for Traders:
Short-Term Traders: Consider short positions on a confirmed break of $92,000, with stops above $94,000.
Long-Term Holders: Accumulate cautiously around $85,000 if selling pressure eases,
but prepare for volatility.
Risk Management: Always set stop-losses and position sizes carefully.
Bitcoin is at a make-or-break moment—stay sharp and ready for quick decisions! Keep monitoring for any signs of reversal or deeper corrections.
Happy trading!
#TRUMPOnBinanceFutures #SOLNewATH #TRUMPCoinMarketCap #CryptoTrump2.0 #SOLVLaunchOnBinance
Dear all, I have sold all my #ETH accumulation today due to the week marginal upwards moves created by ETH .. Do I advice you to do so ?? I don’t know really but seemed safer to stay with #BTC instead regarding Monday & US cryptocurrency main dynamics .. If I would rule a country, I would go for the widely accepted & accredited ones with GREAT potential 👍 may be not #AVAX nor #ETH
GO GO GO GO 4 THAT 🚀🚀🚀👏👏👍
Crypto Master 786
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$ETH/USDT Bull Run Momentum! 🔥💯
Bullish Zone Start ⚡️ Enter Now 🚀
Current Price: $3,392.99
📈 Trading Setup:
Entry Zone: $3,380.00–$3,420.00
Targets:
Target 1: $3,500.00
Target 2: $3,650.00
Target 3: $3,800.00
Stop Loss: $3,300.00
🚀 Why This is Bullish:
Ethereum is showing strong bullish momentum, supported by higher lows and increasing volume.
A break above $3,420.00 resistance could confirm the next leg up toward $3,500 and beyond.
Positive sentiment in the crypto market boosts ETH's potential for a sustained rally.
💥 Pro Tip: Monitor for strong price action above $3,420.00 to confirm the breakout. Adjust stop losses as price moves in your favor and secure profits at key targets!
⚡️Like, comment, and follow for more updates! Got a pair you want analyzed? Drop it in the comments!
$ETH
#JobsBoomVsFed #LTCETF #BinanceAlphaAlert #XRPHits3 #BTCBackto100K
Bullish Zone Start ⚡️ Enter Now 🚀
Current Price: $3,392.99
📈 Trading Setup:
Entry Zone: $3,380.00–$3,420.00
Targets:
Target 1: $3,500.00
Target 2: $3,650.00
Target 3: $3,800.00
Stop Loss: $3,300.00
🚀 Why This is Bullish:
Ethereum is showing strong bullish momentum, supported by higher lows and increasing volume.
A break above $3,420.00 resistance could confirm the next leg up toward $3,500 and beyond.
Positive sentiment in the crypto market boosts ETH's potential for a sustained rally.
💥 Pro Tip: Monitor for strong price action above $3,420.00 to confirm the breakout. Adjust stop losses as price moves in your favor and secure profits at key targets!
⚡️Like, comment, and follow for more updates! Got a pair you want analyzed? Drop it in the comments!
$ETH
#JobsBoomVsFed #LTCETF #BinanceAlphaAlert #XRPHits3 #BTCBackto100K
Too late bro .. already in the last 36 hrs period.
$BTC is going short ... my entry 99785 for short
target 91200
stoploss : 101166
call me crazy now and tell me genius later ...
target 91200
stoploss : 101166
call me crazy now and tell me genius later ...
Too much Netflix dude 🤷♂️
#ETH is going down 👇🏻
$ETH
$ETH
👍
#Altcoin season is about to make a legendary comeback!
🚀
🚀
That’s true 👍
🚀 The Biggest Parabolic Move is Coming! Don’t Miss Out! 🚀
Hey everyone! I’m feeling extremely bullish for the coming days, and here’s why you need to act now:
1️⃣ $BTC and ETH Historical Patterns
• From January 21, 2024, to March 2024, BTC made a massive move from $36,555 to $73,800, nearly a 101% gain in just 3 months.
• ETH followed closely, surging from $2,166 to $4,093, delivering a solid 89% gain over the same period.
2️⃣ Key Bullish Catalysts Right Now
• 🧧 Chinese New Year: Historically brings fresh liquidity from China, a key driver of past bull runs.
• 🇺🇸 Trump’s Return: Positive political shifts have historically fueled market optimism.
• 🔄 SEC Leadership Change: Gary Gensler’s rumored exit creates hope for pro-crypto policies.
• 📉 Improved CPI & PPI Data: Macro trends are turning favorable, creating a bullish environment.
• ✌️ Israel-Hamas Ceasefire: Eases geopolitical tension, improving global sentiment.
3️⃣ The Biggest Show in Alts Is Coming!
• ETH’s New ATH Is Imminent: ETH hasn’t hit its new all-time high yet this cycle, but it’s overdue.
• Altcoins Are Ready to Explode: History shows alts surge at the tail end of bull cycles, and the momentum is building fast.
Proof Is in the Charts
• Just look at the BTC chart I’ve shared—what started as a consolidation around $36,555 turned into a parabolic breakout to $73.8k in just weeks.
•$ETH mirrored this move, blasting through key levels to reach $4,093 by early March. The same setup is forming now for the next leg up!
📸 Screenshot this post now and thank me later! This is your chance to ride the wave before it’s too late.
#BullRun #CryptoOpportunities #BTC #ETH #AltSeason
Hey everyone! I’m feeling extremely bullish for the coming days, and here’s why you need to act now:
1️⃣ $BTC and ETH Historical Patterns
• From January 21, 2024, to March 2024, BTC made a massive move from $36,555 to $73,800, nearly a 101% gain in just 3 months.
• ETH followed closely, surging from $2,166 to $4,093, delivering a solid 89% gain over the same period.
2️⃣ Key Bullish Catalysts Right Now
• 🧧 Chinese New Year: Historically brings fresh liquidity from China, a key driver of past bull runs.
• 🇺🇸 Trump’s Return: Positive political shifts have historically fueled market optimism.
• 🔄 SEC Leadership Change: Gary Gensler’s rumored exit creates hope for pro-crypto policies.
• 📉 Improved CPI & PPI Data: Macro trends are turning favorable, creating a bullish environment.
• ✌️ Israel-Hamas Ceasefire: Eases geopolitical tension, improving global sentiment.
3️⃣ The Biggest Show in Alts Is Coming!
• ETH’s New ATH Is Imminent: ETH hasn’t hit its new all-time high yet this cycle, but it’s overdue.
• Altcoins Are Ready to Explode: History shows alts surge at the tail end of bull cycles, and the momentum is building fast.
Proof Is in the Charts
• Just look at the BTC chart I’ve shared—what started as a consolidation around $36,555 turned into a parabolic breakout to $73.8k in just weeks.
•$ETH mirrored this move, blasting through key levels to reach $4,093 by early March. The same setup is forming now for the next leg up!
📸 Screenshot this post now and thank me later! This is your chance to ride the wave before it’s too late.
#BullRun #CryptoOpportunities #BTC #ETH #AltSeason
Bla bla bla .. don’t risk your USD guys by shorting #ETH for 100 points .. Keep it and stay calm ..
Crypto Master 786
--
Bearish
$ETH /USDT Short Trade Signal! 🔥💯
Current Price: $3,198.96
Trade Plan:
Entry Point: $3,210.00
Targets:
First Target: $3,100.00
Second Target: $3,050.00
Support Level: $3,150.00 (Critical support zone)
Resistance Level: $3,250.00 (Key resistance for short entry)
Market Insights: $ETH has been struggling to push higher, with a strong resistance around $3,250. If price fails to break this level, we can expect a downward move towards $3,100 and potentially $3,050.
Pro Tip: If price shows rejection near $3,250, this could be the perfect short setup. Keep your risk management tight as Ethereum can be volatile around these levels.
💥 Time to short Ethereum?
💬 Drop your pair names for analysis, and don't forget to like, comment, and follow for more insights!
$ETH
#TrumpCPIWatch #USPPISoftens #BinanceAlphaAlert #USPPITrends #ReboundOutlook
Current Price: $3,198.96
Trade Plan:
Entry Point: $3,210.00
Targets:
First Target: $3,100.00
Second Target: $3,050.00
Support Level: $3,150.00 (Critical support zone)
Resistance Level: $3,250.00 (Key resistance for short entry)
Market Insights: $ETH has been struggling to push higher, with a strong resistance around $3,250. If price fails to break this level, we can expect a downward move towards $3,100 and potentially $3,050.
Pro Tip: If price shows rejection near $3,250, this could be the perfect short setup. Keep your risk management tight as Ethereum can be volatile around these levels.
💥 Time to short Ethereum?
💬 Drop your pair names for analysis, and don't forget to like, comment, and follow for more insights!
$ETH
#TrumpCPIWatch #USPPISoftens #BinanceAlphaAlert #USPPITrends #ReboundOutlook
Don’t panic.. the r exchanging with BTC FOR 48 hrs … after that, reversal will occur.. better to stay with the ALT leader #ETH 👍
TheMerkleNews
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Ethereum Whales Selling At a Loss While Others Accumulate Amid Market Turmoil
The Ethereum ($ETH) market is experiencing contrasting whale activity, with some offloading at significant losses while others seize opportunities to accumulate during the downturn.
Whales Dump ETH at a Loss
In a striking move, three wallets—likely controlled by the same whale—sold 10,070 ETH for $33 million in DAI at $3,280 nine hours ago, incurring a $1 million loss. This whale had previously withdrawn 24,029 ETH ($81.3M) from Binance via 10 new wallets three weeks ago and now holds 13,959 ETH ($45.48M).
Whales are dumping $ETH at a loss!
9 hours ago, 3 wallets(likely belonging to the same whale) sold 10,070 $ETH for 33M $DAI at $3,280, losing $1M.
This whale withdrew 24,029 $ETH($81.3m) from #Binance via 10 new wallets 3 weeks ago and currently holds 13,959 $ETH($45.48M).… pic.twitter.com/5lqFegRu3i
— Lookonchain (@lookonchain) January 13, 2025
Earlier today, the whale liquidated all 24,029 ETH for $78 million at an average price of $3,248, resulting in a total loss of $3.27 million. Following this sell-off, ETH prices dropped below $3,000, reflecting bearish sentiment.
ETH plummeted to below $3,000.
This whale has sold all 24,029 $ETH($78M) in advance today at an average price of $3,248, with a loss of $3.27M.https://t.co/ktyIV8XAd6 pic.twitter.com/KZCf589lqT
— Lookonchain (@lookonchain) January 13, 2025
Whales Accumulate as Prices Drop
Despite the sell pressure, some whales are taking advantage of the declining market. A wallet associated with Longling Capital withdrew 10,000 ETH ($30.76M) from Binance. The whale also borrowed $9 million USDT from Aave, which was subsequently deposited into Binance, signaling potential accumulation or leveraged trading strategies.
Currently, three whales control a staggering 43.14% of Ethereum’s total supply, highlighting their influence on market dynamics.
Key Levels for Ethereum
Ethereum faces critical resistance between $3,360 and $3,450, with support zones ranging from $3,066 to $3,160. These levels will play a pivotal role in determining Ethereum’s short-term price direction.
The most critical resistance level for #Ethereum $ETH lies between $3,360 and $3,450, while key support is found between $3,066 and $3,160. pic.twitter.com/gE0vEW35vb
— Ali (@ali_charts) January 13, 2025
ETF Outflows Reflect Market Uncertainty
From January 6 to January 10, Ethereum spot ETFs saw a net outflow of $186 million. While BlackRock’s ETF (ETHA) recorded a net inflow of $124 million, Fidelity’s ETF (FETH) experienced a substantial outflow of $276 million.
Last week (January 6 to January 10, EST), Ethereum spot ETFs had a net outflow of $186 million. Only Blackrock ETF ETHA achieved a weekly net inflow of $124 million. Fidelity ETF FETH had a weekly net outflow of $276 million.https://t.co/Tvs2oCSxTg pic.twitter.com/U0f89peAOt
— Wu Blockchain (@WuBlockchain) January 13, 2025
Conclusion
As Ethereum navigates these turbulent times, contrasting whale activity and ETF movements reveal a divided market sentiment, leaving traders and investors to carefully monitor key levels and trends.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: winst2014/123RF // Image Effects by Colorcinch
The post Ethereum Whales Selling at a Loss While Others Accumulate Amid Market Turmoil appeared first on The Merkle News.
Whales Dump ETH at a Loss
In a striking move, three wallets—likely controlled by the same whale—sold 10,070 ETH for $33 million in DAI at $3,280 nine hours ago, incurring a $1 million loss. This whale had previously withdrawn 24,029 ETH ($81.3M) from Binance via 10 new wallets three weeks ago and now holds 13,959 ETH ($45.48M).
Whales are dumping $ETH at a loss!
9 hours ago, 3 wallets(likely belonging to the same whale) sold 10,070 $ETH for 33M $DAI at $3,280, losing $1M.
This whale withdrew 24,029 $ETH($81.3m) from #Binance via 10 new wallets 3 weeks ago and currently holds 13,959 $ETH($45.48M).… pic.twitter.com/5lqFegRu3i
— Lookonchain (@lookonchain) January 13, 2025
Earlier today, the whale liquidated all 24,029 ETH for $78 million at an average price of $3,248, resulting in a total loss of $3.27 million. Following this sell-off, ETH prices dropped below $3,000, reflecting bearish sentiment.
ETH plummeted to below $3,000.
This whale has sold all 24,029 $ETH($78M) in advance today at an average price of $3,248, with a loss of $3.27M.https://t.co/ktyIV8XAd6 pic.twitter.com/KZCf589lqT
— Lookonchain (@lookonchain) January 13, 2025
Whales Accumulate as Prices Drop
Despite the sell pressure, some whales are taking advantage of the declining market. A wallet associated with Longling Capital withdrew 10,000 ETH ($30.76M) from Binance. The whale also borrowed $9 million USDT from Aave, which was subsequently deposited into Binance, signaling potential accumulation or leveraged trading strategies.
Currently, three whales control a staggering 43.14% of Ethereum’s total supply, highlighting their influence on market dynamics.
Key Levels for Ethereum
Ethereum faces critical resistance between $3,360 and $3,450, with support zones ranging from $3,066 to $3,160. These levels will play a pivotal role in determining Ethereum’s short-term price direction.
The most critical resistance level for #Ethereum $ETH lies between $3,360 and $3,450, while key support is found between $3,066 and $3,160. pic.twitter.com/gE0vEW35vb
— Ali (@ali_charts) January 13, 2025
ETF Outflows Reflect Market Uncertainty
From January 6 to January 10, Ethereum spot ETFs saw a net outflow of $186 million. While BlackRock’s ETF (ETHA) recorded a net inflow of $124 million, Fidelity’s ETF (FETH) experienced a substantial outflow of $276 million.
Last week (January 6 to January 10, EST), Ethereum spot ETFs had a net outflow of $186 million. Only Blackrock ETF ETHA achieved a weekly net inflow of $124 million. Fidelity ETF FETH had a weekly net outflow of $276 million.https://t.co/Tvs2oCSxTg pic.twitter.com/U0f89peAOt
— Wu Blockchain (@WuBlockchain) January 13, 2025
Conclusion
As Ethereum navigates these turbulent times, contrasting whale activity and ETF movements reveal a divided market sentiment, leaving traders and investors to carefully monitor key levels and trends.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: winst2014/123RF // Image Effects by Colorcinch
The post Ethereum Whales Selling at a Loss While Others Accumulate Amid Market Turmoil appeared first on The Merkle News.
Retired veteran with old fashioned theories
#Jerome Powell’s Stand Against the Crypto Market: A Cautionary Perspective
As cryptocurrencies continue to evolve, Federal Reserve Chair Jerome Powell has repeatedly expressed his concerns about the risks posed by the crypto market. Here's a breakdown of his key points:
1. Financial Stability Risks: Powell has highlighted the potential of cryptocurrencies to undermine financial systems, citing extreme volatility and speculative trading.
2. Lack of Regulation: He argues that the unregulated nature of the crypto space exposes investors to fraud, cyberattacks, and market manipulation.
3. Monetary Policy Threats: Powell views cryptocurrencies as a challenge to the Fed’s ability to maintain control over monetary policy, particularly with the rise of stablecoins.
4. Need for Safeguards: He has called for robust regulations to ensure consumer protection and prevent systemic risks.
As cryptocurrencies continue to evolve, Federal Reserve Chair Jerome Powell has repeatedly expressed his concerns about the risks posed by the crypto market. Here's a breakdown of his key points:
1. Financial Stability Risks: Powell has highlighted the potential of cryptocurrencies to undermine financial systems, citing extreme volatility and speculative trading.
2. Lack of Regulation: He argues that the unregulated nature of the crypto space exposes investors to fraud, cyberattacks, and market manipulation.
3. Monetary Policy Threats: Powell views cryptocurrencies as a challenge to the Fed’s ability to maintain control over monetary policy, particularly with the rise of stablecoins.
4. Need for Safeguards: He has called for robust regulations to ensure consumer protection and prevent systemic risks.
Yes yes u the day dreamer great manipulator..
Coinspeaker
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Bitcoin At Risk of 10% Crash If This Support Falls Apart: Standard Chartered
Coinspeaker Bitcoin at Risk of 10% Crash if this Support Falls Apart: Standard Chartered
Leading digital asset Bitcoin BTC $96 498 24h volatility: 2.2% Market cap: $1.91 T Vol. 24h: $53.04 B is at risk of a massive crash, according to Standard Chartered, a British multinational bank with over $850 billion in total assets. The firm’s Global Head of Digital Assets Research, Geoff Kendrick, states that BTC faces a potential 10% price drop if investors see a “clean break below $90,000.”
The crypto market saw Bitcoin drop below $90,000 for the first time since November on Monday when the daily low stood at $89,256. However, immediately the buyers took over, and the digital asset was back trading above $90,000. According to data from CoinMarketCap, BTC is trading at $96,017.86 at the time of writing, up 4.53% in the past 24 hours. Tuesday’s high stands at $97,352.66, and a retest of $100,000 seems likely.
Bitcoin at $80K?
According to a report from TheBlock, Kendrick explained that Bitcoin faces “convexity risks,” which stem from the increased possibility of spot exchange-traded funds (ETFs) unwinding. The outflow of capital could cause BTC to crash as low as $80,000 in the short term, claims the multinational bank’s executive.
Kendrick said in a note on Tuesday that “a clean break below $90,000 for bitcoin would open up 10% of further downside near-term, to the low $80,000s,” while adding:
“Prices of all other digital assets would likely follow, and once that retracement has run its course, we would recommend accumulating longs again.”
If Bitcoin loses $90,000, the broader digital asset sector will follow, predicted Kendrick, printing at least 10% in losses. The Standard Chartered executive further stated that “spot bitcoin ETF purchases since the US election are now only breaking even, and the risk is that forced or panic selling adds to the current macro-driven sell-off.”
The recent Bitcoin purchases by MicroStrategy and US investors via spot BTC ETFs have broken even at current prices. Kendrick highlighted that “the risk of mark-to-market pain is building” in the short term, but in the long term, BTC is expected to hit $200,000 by the end of the year.
A Deeper BTC Analysis
A deeper Bitcoin analysis shows that the accumulation of Bitcoin continues to follow an uptrend. The cryptocurrency’s accumulation skyrocketed since October 2024 and remains high since, suggesting that investors are overall bullish on BTC.
The Relative Strength Index (RSI) reads a value of 49.54 for Bitcoin, which means that the buyers and the sellers are evenly matched, and a breakout to either side can be expected in the near future.
next
Bitcoin at Risk of 10% Crash if this Support Falls Apart: Standard Chartered
Leading digital asset Bitcoin BTC $96 498 24h volatility: 2.2% Market cap: $1.91 T Vol. 24h: $53.04 B is at risk of a massive crash, according to Standard Chartered, a British multinational bank with over $850 billion in total assets. The firm’s Global Head of Digital Assets Research, Geoff Kendrick, states that BTC faces a potential 10% price drop if investors see a “clean break below $90,000.”
The crypto market saw Bitcoin drop below $90,000 for the first time since November on Monday when the daily low stood at $89,256. However, immediately the buyers took over, and the digital asset was back trading above $90,000. According to data from CoinMarketCap, BTC is trading at $96,017.86 at the time of writing, up 4.53% in the past 24 hours. Tuesday’s high stands at $97,352.66, and a retest of $100,000 seems likely.
Bitcoin at $80K?
According to a report from TheBlock, Kendrick explained that Bitcoin faces “convexity risks,” which stem from the increased possibility of spot exchange-traded funds (ETFs) unwinding. The outflow of capital could cause BTC to crash as low as $80,000 in the short term, claims the multinational bank’s executive.
Kendrick said in a note on Tuesday that “a clean break below $90,000 for bitcoin would open up 10% of further downside near-term, to the low $80,000s,” while adding:
“Prices of all other digital assets would likely follow, and once that retracement has run its course, we would recommend accumulating longs again.”
If Bitcoin loses $90,000, the broader digital asset sector will follow, predicted Kendrick, printing at least 10% in losses. The Standard Chartered executive further stated that “spot bitcoin ETF purchases since the US election are now only breaking even, and the risk is that forced or panic selling adds to the current macro-driven sell-off.”
The recent Bitcoin purchases by MicroStrategy and US investors via spot BTC ETFs have broken even at current prices. Kendrick highlighted that “the risk of mark-to-market pain is building” in the short term, but in the long term, BTC is expected to hit $200,000 by the end of the year.
A Deeper BTC Analysis
A deeper Bitcoin analysis shows that the accumulation of Bitcoin continues to follow an uptrend. The cryptocurrency’s accumulation skyrocketed since October 2024 and remains high since, suggesting that investors are overall bullish on BTC.
The Relative Strength Index (RSI) reads a value of 49.54 for Bitcoin, which means that the buyers and the sellers are evenly matched, and a breakout to either side can be expected in the near future.
next
Bitcoin at Risk of 10% Crash if this Support Falls Apart: Standard Chartered
Tom Lee SHOULD START CONSUMING OMEGA 3 immediately ..
U.today
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Bitcoin Could Crash to $50,000 Before Its Starts Rallying, Tom Lee Says
Tom Lee, Fundstrat Capital’s head of research and a full-time contributor to CNBC’s Fast Money show, has paid a visit to CNBC to talk to them about Bitcoin and its prospects in the near future.
Lee revealed two price levels at which Bitcoin might go down from the current $96,590, where it surged after hitting $90,700 on Monday. In December, Bitcoin reached an ATH of $108,268.
Bitcoin may hit $50,000 before rallying again: Tom Lee
While answering questions about how much lower Bitcoin can go down from $90,700, the Fundstrat expert said that currently Bitcoin is down by a “perfect 15%” from its recent price peaks, calling what is happening now “a pretty normal correction” for a highly volatile asset. Bitcoin is slightly following global liquidity, he pointed out.
However, according to Lee, the market is still pretty early in the current Bitcoin halving cycle. Therefore, he would assume that in the near term, BTC may drop to $70,000. This opinion is also shared by Fundstrat’s technical analyst, Lee added. Should that happen, Lee said, the market would get “a bigger opportunity” to buy the dip since Bitcoin is going to be “one of the best-performing assets” this year, according to Lee.
However, Lee assumed that, theoretically, Bitcoin could drop even lower and touch the $50,000 zone. But this would be the price line from where it would push to start rallying again.
Still, as Bitcoin dipped, Michael Saylor’s MicroStrategy made another purchase, buying $243 million worth of BTC. Now, the company holds a whopping 450,000 Bitcoins.
card
Bitcoin recovers after 5.47% fall
The flagship cryptocurrency has finally begun to recover after being in free-fall since last Tuesday, when Bitcoin came quite close to the $103,000 level. By last Thursday, Bitcoin had crashed by more than 11%, hitting $91,290. After recovering 5.1% and reaching the $95,945 price level, Bitcoin plunged, once again going down below $90,000 briefly.
Today, bulls put pressure on Bitcoin, propelling the price up to $97,270. At the time of this writing, BTC is changing hands at $96,500 per coin. Still, Bitcoin maximalist Max Keiser tweeted on Monday that despite the price drop, the Bitcoin network has hit new highs in strength and stability as the hashrate and mining difficulty went up to new record peaks.
Lee revealed two price levels at which Bitcoin might go down from the current $96,590, where it surged after hitting $90,700 on Monday. In December, Bitcoin reached an ATH of $108,268.
Bitcoin may hit $50,000 before rallying again: Tom Lee
While answering questions about how much lower Bitcoin can go down from $90,700, the Fundstrat expert said that currently Bitcoin is down by a “perfect 15%” from its recent price peaks, calling what is happening now “a pretty normal correction” for a highly volatile asset. Bitcoin is slightly following global liquidity, he pointed out.
However, according to Lee, the market is still pretty early in the current Bitcoin halving cycle. Therefore, he would assume that in the near term, BTC may drop to $70,000. This opinion is also shared by Fundstrat’s technical analyst, Lee added. Should that happen, Lee said, the market would get “a bigger opportunity” to buy the dip since Bitcoin is going to be “one of the best-performing assets” this year, according to Lee.
However, Lee assumed that, theoretically, Bitcoin could drop even lower and touch the $50,000 zone. But this would be the price line from where it would push to start rallying again.
Still, as Bitcoin dipped, Michael Saylor’s MicroStrategy made another purchase, buying $243 million worth of BTC. Now, the company holds a whopping 450,000 Bitcoins.
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Bitcoin recovers after 5.47% fall
The flagship cryptocurrency has finally begun to recover after being in free-fall since last Tuesday, when Bitcoin came quite close to the $103,000 level. By last Thursday, Bitcoin had crashed by more than 11%, hitting $91,290. After recovering 5.1% and reaching the $95,945 price level, Bitcoin plunged, once again going down below $90,000 briefly.
Today, bulls put pressure on Bitcoin, propelling the price up to $97,270. At the time of this writing, BTC is changing hands at $96,500 per coin. Still, Bitcoin maximalist Max Keiser tweeted on Monday that despite the price drop, the Bitcoin network has hit new highs in strength and stability as the hashrate and mining difficulty went up to new record peaks.
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