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There is no liquidity left on the downside, and the majority of long positions have been liquidated. A large cluster of short position liquidations is around $68,800, indicating a bounce is expected soon. $BTC
#BTC
Bitcoin is once again near its ATH, but it is necessary for the price not to stop here.
During true growth, the price does not consolidate for long, as rapid and dynamic growth prevents unnecessary participants from jumping in
The market is starting to move, with rumors circulating about an ETF for Ethereum.
I hope you are already prepared for this growth
#btc #usdt
Bitcoin is once again near its ATH, but it is necessary for the price not to stop here.
During true growth, the price does not consolidate for long, as rapid and dynamic growth prevents unnecessary participants from jumping in
The market is starting to move, with rumors circulating about an ETF for Ethereum.
I hope you are already prepared for this growth
#btc #usdt
DogWifhat $WIF
In 2024, bullish projections for Dogwithat (WIF) range between $5.4277 and $8.01303, with potential for a near-term target of $10.
A Falling Wedge pattern suggests a bullish reversal, with resistance levels projected at $4.3581 and $4.8745.
Bearish forecasts for 2024 estimate WIF at $2.4235, contingent on market sentiment.
Resistance and support levels are identified at $4.8745 (resistance) and $3.6695 (support).
Technical indicators like Relative Volume
(RVOL), Moving Average (MA), and Relative Strength Index (RSI) inform price trends. Average Directional Index (ADX) and Relative Volatility Index (RVI) gauge momentum and volatility.
Comparing WIF's price movements to Bitcoin
(BTC) and Ethereum (ETH), WIF often exhibits inverse correlation.
Looking ahead to 2025-2030, WIF's trajectory depends on market dynamics and ecosystem advancements, with potential to surpass its current ATH and reach $10.
#ETHETFS #altcoins $BTC $ETH
In 2024, bullish projections for Dogwithat (WIF) range between $5.4277 and $8.01303, with potential for a near-term target of $10.
A Falling Wedge pattern suggests a bullish reversal, with resistance levels projected at $4.3581 and $4.8745.
Bearish forecasts for 2024 estimate WIF at $2.4235, contingent on market sentiment.
Resistance and support levels are identified at $4.8745 (resistance) and $3.6695 (support).
Technical indicators like Relative Volume
(RVOL), Moving Average (MA), and Relative Strength Index (RSI) inform price trends. Average Directional Index (ADX) and Relative Volatility Index (RVI) gauge momentum and volatility.
Comparing WIF's price movements to Bitcoin
(BTC) and Ethereum (ETH), WIF often exhibits inverse correlation.
Looking ahead to 2025-2030, WIF's trajectory depends on market dynamics and ecosystem advancements, with potential to surpass its current ATH and reach $10.
#ETHETFS #altcoins $BTC $ETH
$BTC will close lower today with lower high and lower low of 61500. 60k support is the final support.
If BTC breaches it before the end of the week, BTC is going down to 55k. I expect tomorrows high to be limited to 62200 at best unless a catalyst gives us a pump to break through the resistance at 62600. I dont advise anyone to enter shorts or longs. Stocks also closed lower today. Market sentiment is neutral and approaching fear.
The 1 upside to bitcoin would only be possible following the end of the month Fed decision on whether a rate cut will happen or not. I suspect they will be forced to announce cuts at the end of june as the 2 year yield is starting to roll over. But thats still a long way away, and if no other bullish catalyst pumps the market BTC is very likely going to see 50k before a real rebound.
What i dont understand however, is how BTC specifically is depreciating when multiple companies have acquired BTC as part of their portfolio and whales have accumulated 60000
Bitcoins in the last 2 days alone. The market is just to confusing at the moment to make any real understandable predictions. We can only take this day by day now.
If BTC breaches it before the end of the week, BTC is going down to 55k. I expect tomorrows high to be limited to 62200 at best unless a catalyst gives us a pump to break through the resistance at 62600. I dont advise anyone to enter shorts or longs. Stocks also closed lower today. Market sentiment is neutral and approaching fear.
The 1 upside to bitcoin would only be possible following the end of the month Fed decision on whether a rate cut will happen or not. I suspect they will be forced to announce cuts at the end of june as the 2 year yield is starting to roll over. But thats still a long way away, and if no other bullish catalyst pumps the market BTC is very likely going to see 50k before a real rebound.
What i dont understand however, is how BTC specifically is depreciating when multiple companies have acquired BTC as part of their portfolio and whales have accumulated 60000
Bitcoins in the last 2 days alone. The market is just to confusing at the moment to make any real understandable predictions. We can only take this day by day now.