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$BTC Today, if #BTC closes above 64,200, we could start the week off well with a new target around the 67,200 area. In case of a rejection, our support lies around 61,194. Tomorrow evening, let's analyze the top 5 requested coins. Feel free to leave your requests below this post. Wishing everyone plenty of profits! 🌸 #CryptoWatchMay2024 #altcoins

$BTC Today, if #BTC closes above 64,200, we could start the week off well with a new target around the 67,200 area. In case of a rejection, our support lies around 61,194. Tomorrow evening, let's analyze the top 5 requested coins. Feel free to leave your requests below this post. Wishing everyone plenty of profits! 🌸

#CryptoWatchMay2024 #altcoins

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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$BTC During the previous halving event, Bitcoin remained nearly flat for almost three months. We typically observe such low-volume and sideways movements after each halving period and during the summer months anyway. Yesterday I mentioned that Coinbase started to provide support, and usually, Coinbase sets the trend for us, and they didn't mislead us this time either.Looking at it now, I can say that both Binance and Coinbase have strong spot purchases. When the recent purchases of our whales, who have been selling for a while, are added to the mix, I think this uptrend could be healthy. #BTC Overall, the spot side is shaping up as desired, and unless something unexpected happens, the current outlook remains positive. From a technical standpoint, on the 4-hour chart, we had a downtrend with its peak nearing 73K, which was broken and retested. At the same time, a new uptrend started around 56-60. It's still early to call it a trend as the touches are recent, but it's at least an indicator we can follow. In case of a potential pullback, the trend support aligns around the average of 61,900-62,000 levels. There are no visible problems on the technical side as well. #altcoins Due to their inverse correlation, there was a one-month rising trend in USDT dominance which was broken, and later it retested the uptrend and fell. In this regard, a retracement of up to 4.77% in Binance Coin could be expected, and during this time, a rise in Bitcoin could occur due to their inverse correlation. A break of 4.77% could open the door to favorable opportunities. According to SoSoValue, there was a total net outflow of $11.29 million in Bitcoin ETFs on May 9th. In the Grayscale ETF (#GBTC), there was a single-day net outflow of $43.35 million, while in the BlackRock ETF (#IBIT), there was a single-day net inflow of $14.19 million. #ETFvsBTC
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