BitcoinMoves
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đ„đ DONâT MISS OUT â $XRP IS ON FIRE! đđ„
$XRP is skyrocketing with massive momentum, surging over 11.80% today and hitting a 24-hour high of $1.95. With bullish sentiment and rising volume, XRP is primed to deliver huge profits in no time!
đĄ Key Levels to Watch:
Resistance: $1.95 â Breaking this level could trigger a surge towards $2.10 or beyond!
Support: $1.80 â Holding above this level keeps the bullish trend intact, with buyers in control.
This is your chance to ride the wave and capitalize on XRPâs incredible performance. Act quickly, as the market moves fastâevery second counts!
XRP Price: $1.8873 (+5.56%)
#MarketInTheGreen #XRPToTheMoon #BitwiseETFs #AIAndGameFi #BinanceUpdates #BitcoinMoves #CryptoOpportunities
$XRP is skyrocketing with massive momentum, surging over 11.80% today and hitting a 24-hour high of $1.95. With bullish sentiment and rising volume, XRP is primed to deliver huge profits in no time!
đĄ Key Levels to Watch:
Resistance: $1.95 â Breaking this level could trigger a surge towards $2.10 or beyond!
Support: $1.80 â Holding above this level keeps the bullish trend intact, with buyers in control.
This is your chance to ride the wave and capitalize on XRPâs incredible performance. Act quickly, as the market moves fastâevery second counts!
XRP Price: $1.8873 (+5.56%)
#MarketInTheGreen #XRPToTheMoon #BitwiseETFs #AIAndGameFi #BinanceUpdates #BitcoinMoves #CryptoOpportunities
đšđšJUST IN:đšđš
đFranklin Templeton CEO Jenny Johnson
underscores the importance of Bitcoin in protecting individuals from asset seizure by governments.
"There is a fear component to it that is considered almost an insurance or a safety component," said Johnson.
#etf #Bitcoin #BitcoinMoves #CryptoNews
#airdrop
đFranklin Templeton CEO Jenny Johnson
underscores the importance of Bitcoin in protecting individuals from asset seizure by governments.
"There is a fear component to it that is considered almost an insurance or a safety component," said Johnson.
#etf #Bitcoin #BitcoinMoves #CryptoNews
#airdrop
đą SHORTÂ $BTC Â đ
đ¶ Signal No - 87
đ FOLLOW US FOR MORE UPDATES
#BTC-ETF. #BitcoinMoves #BTCUSDT.P #btcupdates #BTC
đ¶ Signal No - 87
đ FOLLOW US FOR MORE UPDATES
#BTC-ETF. #BitcoinMoves #BTCUSDT.P #btcupdates #BTC
đšJust In:đš
$BTC Remains Under Pressure But Continues Avoiding Sub-$40,000
READ FULL ARTICLE đđ
Full Technical Analysis And Prediction Of BTC đđ
#BTC #TrendingTopic #BitcoinMoves #Bitcoin #BTCanalysis
$BTC Remains Under Pressure But Continues Avoiding Sub-$40,000
READ FULL ARTICLE đđ
Full Technical Analysis And Prediction Of BTC đđ
#BTC #TrendingTopic #BitcoinMoves #Bitcoin #BTCanalysis
DAY 3:Â #ETHÂ #USDT
LONG ORDER đ€
EP: 2517.58đ„
TP 1 (GOAL) 30%: 2529.60
TP 2 Bonus 80%: 2538.89
TIME: linktr.ee/Celestialkunta
SUBSCRIBE/ FOLLOW AND LIKEđ
ENJOY!
#BitcoinMoves #challange #WIN/USDT
LONG ORDER đ€
EP: 2517.58đ„
TP 1 (GOAL) 30%: 2529.60
TP 2 Bonus 80%: 2538.89
TIME: linktr.ee/Celestialkunta
SUBSCRIBE/ FOLLOW AND LIKEđ
ENJOY!
#BitcoinMoves #challange #WIN/USDT
Where is all the Bitcoin
Total supply of #BTC is 21 Million, where is available supply is roughly 19.60Million, while remaining is yet to mine,Where is all the #Bitcoin ?Between ETFs, funds, private and public companies, governments and even DeFi, it only comes out to 2,170,327 BTC or ~10.33% of total supply.so 10.33% is owned by renowned institutions or governments, while the rest of supply is in the hand of individuals called whales, or retailers or small investors like us,Thats why it is hard to control the volatility of crypto or specifically Bitcoin,They are trying to manipulate by all means to force you sell, but eventually 90% of holder are diamond hands and they know how it works, so they are holding through every situation,At this point institutions should feel worried not investors like us.Days of BullRun are all around, don't lose hope if you have came this far,#BitcoinMoves #TrendingTopic #ARB
IMPORTANT đš
Why is Grayscale Dumping BTC ?
Â
Before the spot ETF approval, GBTC used to redeem its shares by giving investors USD value, but they never sold the BTC.
Â
That's why Grayscale became one of the largest BTC holders, beside Satoshi.
Â
Now, with the spot ETF approval, investors are pulling their money out of GBTC for two reasons.
Â
âĄïž Grayscale is charging a 1.5% yearly management fee, which is 5â6 times higher than other ETF issuers.
Â
âĄïž A lot of investors bought GBTC at a 40% discount, and now it's at 0%, so they are exiting their positions.
In both scenarios, GBTC now has to sell BTC to pay it back.
Â
When Will This Stop?
Â
This can take a few weeks, and during that time, BTC can go sideways or even go down.
Â
Once it settles, investors will put their money from GBTC into other ETFs that have a low management fee.
Â
Remember, this is a long-term game, and you need to have patience; otherwise, you will lose your BTC to Wall Street.
#BitcoinMoves
Why is Grayscale Dumping BTC ?
Â
Before the spot ETF approval, GBTC used to redeem its shares by giving investors USD value, but they never sold the BTC.
Â
That's why Grayscale became one of the largest BTC holders, beside Satoshi.
Â
Now, with the spot ETF approval, investors are pulling their money out of GBTC for two reasons.
Â
âĄïž Grayscale is charging a 1.5% yearly management fee, which is 5â6 times higher than other ETF issuers.
Â
âĄïž A lot of investors bought GBTC at a 40% discount, and now it's at 0%, so they are exiting their positions.
In both scenarios, GBTC now has to sell BTC to pay it back.
Â
When Will This Stop?
Â
This can take a few weeks, and during that time, BTC can go sideways or even go down.
Â
Once it settles, investors will put their money from GBTC into other ETFs that have a low management fee.
Â
Remember, this is a long-term game, and you need to have patience; otherwise, you will lose your BTC to Wall Street.
#BitcoinMoves
Bitcoin (BTC) Makes Crucial Move
U.Today - Bitcoin's most recent reversal at $67,000, toward $65,880, was a worrying sign for investors as it would mean that the asset could not gain a foothold above the 50 EMA resistance level. Luckily, the situation has changed, and Bitcoin managed to paint a green candle in the last few hours. This could be a sign that BTC is gearing up for another push toward the long-anticipated $70,000 mark.
Bitcoin has been consolidating between $65,000 and $67,000 in the last few days, trying to break above critical resistance levels. The 50 EMA has been the most important threshold for BTC to break, and the recent bullish momentum suggests that BTC might be able to overcome this barrier and leave it behind. A successful breach of the 50 EMA could set the stage for a rally toward $70,000.
Analyzing the on-chain data, we see a substantial number of large transactions, which indicates increased activity among whales. Over the last 24 hours, there have been 11.8K large transactions, hitting the seven-day high of 17.89K on May 15, 2024. This surge in large transactions is a positive sign, as it shows that big players are still actively trading Bitcoin, potentially driving the price higher.
Furthermore, the In/Out of the Money Around Price (IOMAP) data reveals that a significant number of addresses are "in the money" at the current price levels. Approximately 5.96 million addresses, or 71.14%, are profitable, which provides a solid foundation for bullish sentiment. These addresses could act as a support level if Bitcoin faces another downturn, as holders might be less likely to sell at a loss.
The next major resistance levels are between $66,628 and $67,788. If Bitcoin can break through this zone, it will likely target the $70,000 mark. The data suggests that there is a strong chance of this happening, especially with the current bullish momentum and the increased activity among large traders.
#ETHETFS #BitcoinMoves #Write&Earn #writetoearn
U.Today - Bitcoin's most recent reversal at $67,000, toward $65,880, was a worrying sign for investors as it would mean that the asset could not gain a foothold above the 50 EMA resistance level. Luckily, the situation has changed, and Bitcoin managed to paint a green candle in the last few hours. This could be a sign that BTC is gearing up for another push toward the long-anticipated $70,000 mark.
Bitcoin has been consolidating between $65,000 and $67,000 in the last few days, trying to break above critical resistance levels. The 50 EMA has been the most important threshold for BTC to break, and the recent bullish momentum suggests that BTC might be able to overcome this barrier and leave it behind. A successful breach of the 50 EMA could set the stage for a rally toward $70,000.
Analyzing the on-chain data, we see a substantial number of large transactions, which indicates increased activity among whales. Over the last 24 hours, there have been 11.8K large transactions, hitting the seven-day high of 17.89K on May 15, 2024. This surge in large transactions is a positive sign, as it shows that big players are still actively trading Bitcoin, potentially driving the price higher.
Furthermore, the In/Out of the Money Around Price (IOMAP) data reveals that a significant number of addresses are "in the money" at the current price levels. Approximately 5.96 million addresses, or 71.14%, are profitable, which provides a solid foundation for bullish sentiment. These addresses could act as a support level if Bitcoin faces another downturn, as holders might be less likely to sell at a loss.
The next major resistance levels are between $66,628 and $67,788. If Bitcoin can break through this zone, it will likely target the $70,000 mark. The data suggests that there is a strong chance of this happening, especially with the current bullish momentum and the increased activity among large traders.
#ETHETFS #BitcoinMoves #Write&Earn #writetoearn
Bitcoin slides back to $40,000 as post-ETF correction deepens
Cryptocurrencies tumbled on Thursday, with bitcoin falling back to $40,000.
Bitcoin last traded lower by 3.6% at $41,167.14, according to Coin Metrics. Earlier, it fell as far down as $40,601.37, its lowest level since Dec. 18. Ether, which has gotten a boost in recent days while bitcoin struggled, fell too. It was last down 3% at $2,448.41. The rest of the crypto market broadly dragged with them
#BTC #TrendingTopic #TradeNTell #BitcoinMoves #bitcoindown
Cryptocurrencies tumbled on Thursday, with bitcoin falling back to $40,000.
Bitcoin last traded lower by 3.6% at $41,167.14, according to Coin Metrics. Earlier, it fell as far down as $40,601.37, its lowest level since Dec. 18. Ether, which has gotten a boost in recent days while bitcoin struggled, fell too. It was last down 3% at $2,448.41. The rest of the crypto market broadly dragged with them
#BTC #TrendingTopic #TradeNTell #BitcoinMoves #bitcoindown
Weekly Crypto Market Analysis - January 15, 2024
LAST WEEK'S RECAP:
#BitcoinETFapproved SEC has approved all Bitcoin spot ETFs.U.S. CPI increased 0.3% MoM in Dec and 3.4% YoY, higher than the estimated 0.2% and 3.2%.USDC issuer Circle confidentially filed for US IPO, the second attempt to go public.SECâs Twitter account was hacked and posted a fake BTC ETF approval notice one day before the official approval.ETH price increased after BTC ETF approval news, signalling ETH ETF narratives, which SEC needs to decide in May.@NEAR Protocol Foundation cut staff by 40%.Starkware CEO Uri Kolodny resigned due to family health issues.
LEGACY MARKETS â DXY
DXY is still within the larger range of 106-100. As mentioned, it's currently expected to continue building more price structures within this range.
LEGACY MARKETS â VIX
VIX still canât keep any real strength other than the occasional spike. This gives stock and crypto room to move.
BTC WEEKLY VIEW
BTC saw a large spike into 48k. After large rejection and closing back within the macro range of 30-45k, it seems pretty likely that BTC could drop to the mid/low 30s.
However, with the ETFs now being live, the actual underlying market structure of BTC will also change. This makes it harder to predict what will happen price-wise as the âcharacterâ of how BTC trades changed and thereâs not enough price history yet to define it.
One could look at large-cap tech stocks for whatâs possible regarding retracement. But at best, thatâs still a wild guess.
ETH WEEKLY VIEW
As mentioned last week, we expected an instant reversion in ETH/BTC after the BTC spot ETF approval. This was the case and because of the relative strength of ETH/BTC, it held its breakout level on ETH/USD.
If BTC can trade stable enough for just a few days, itâs quite likely for ETH to finish its rally into 2.8-3.3k area.
ETH/BTC
ETH/BTC retraced over 30 days of bleeding in 1 candle after the ETF approval. If this reversal is ârealâ, the ETH/BTC market should see trending behaviour from here on out till at least .067.
TOTAL3 â USD MARKET STRENGTH
TOTAL3 is flipping resistance into support. However harsh current altcoin correction may seem from a higher time frame perspective, itâs fairly healthy.
TOTAL3/BTC â BTC MARKET STRENGTH
As expected, ALT/BTC followed ETH/BTC. However, the ETH/BTC impulse was a lot stronger and ALT/BTC is still in range. If BTC slips hard to the downside, a breakout won't be likely just yet.
SUMMARY
BTC dropped almost 20% post-ETF approval, with GBTC selling being the main narrative for the drop.ETH/BTC finally saw the large reversion, with Blackrock making comments about an ETH ETF making sense for later this year (likely late Q2-Q3).
DISCLAIMER:
The information in this report is for information purposes only and is not to be construed as investment or financial advice. All information contained herein is not a solicitation or recommendation to buy or sell any digital assets or other financial products.
#CryptocurrencyMarketAnalysis #BitcoinMoves #BTCETFS
#BitcoinETFapproved SEC has approved all Bitcoin spot ETFs.U.S. CPI increased 0.3% MoM in Dec and 3.4% YoY, higher than the estimated 0.2% and 3.2%.USDC issuer Circle confidentially filed for US IPO, the second attempt to go public.SECâs Twitter account was hacked and posted a fake BTC ETF approval notice one day before the official approval.ETH price increased after BTC ETF approval news, signalling ETH ETF narratives, which SEC needs to decide in May.@NEAR Protocol Foundation cut staff by 40%.Starkware CEO Uri Kolodny resigned due to family health issues.
LEGACY MARKETS â DXY
DXY is still within the larger range of 106-100. As mentioned, it's currently expected to continue building more price structures within this range.
LEGACY MARKETS â VIX
VIX still canât keep any real strength other than the occasional spike. This gives stock and crypto room to move.
BTC WEEKLY VIEW
BTC saw a large spike into 48k. After large rejection and closing back within the macro range of 30-45k, it seems pretty likely that BTC could drop to the mid/low 30s.
However, with the ETFs now being live, the actual underlying market structure of BTC will also change. This makes it harder to predict what will happen price-wise as the âcharacterâ of how BTC trades changed and thereâs not enough price history yet to define it.
One could look at large-cap tech stocks for whatâs possible regarding retracement. But at best, thatâs still a wild guess.
ETH WEEKLY VIEW
As mentioned last week, we expected an instant reversion in ETH/BTC after the BTC spot ETF approval. This was the case and because of the relative strength of ETH/BTC, it held its breakout level on ETH/USD.
If BTC can trade stable enough for just a few days, itâs quite likely for ETH to finish its rally into 2.8-3.3k area.
ETH/BTC
ETH/BTC retraced over 30 days of bleeding in 1 candle after the ETF approval. If this reversal is ârealâ, the ETH/BTC market should see trending behaviour from here on out till at least .067.
TOTAL3 â USD MARKET STRENGTH
TOTAL3 is flipping resistance into support. However harsh current altcoin correction may seem from a higher time frame perspective, itâs fairly healthy.
TOTAL3/BTC â BTC MARKET STRENGTH
As expected, ALT/BTC followed ETH/BTC. However, the ETH/BTC impulse was a lot stronger and ALT/BTC is still in range. If BTC slips hard to the downside, a breakout won't be likely just yet.
SUMMARY
BTC dropped almost 20% post-ETF approval, with GBTC selling being the main narrative for the drop.ETH/BTC finally saw the large reversion, with Blackrock making comments about an ETH ETF making sense for later this year (likely late Q2-Q3).
DISCLAIMER:
The information in this report is for information purposes only and is not to be construed as investment or financial advice. All information contained herein is not a solicitation or recommendation to buy or sell any digital assets or other financial products.
#CryptocurrencyMarketAnalysis #BitcoinMoves #BTCETFS
"Bitcoin (BTC) Soaring to $200k Before Halving: Analyst's Dazzling Forecast"
A top market analyst has projected the possibility that the price of Bitcoin (BTC) can touch $200,000 before the next halving event.
Read more on: https://thecryptobasic.com/2024/01/16/top-analyst-forecasts-bitcoin-btc-price-to-200k-pre-halving/
#Bitcoin_Update #BitcoinMoves #cryptoleads #CryptoNewsLand #CheersToOpportunity
Read more on: https://thecryptobasic.com/2024/01/16/top-analyst-forecasts-bitcoin-btc-price-to-200k-pre-halving/
#Bitcoin_Update #BitcoinMoves #cryptoleads #CryptoNewsLand #CheersToOpportunity
đźđĄ Update: Bitcoin's Pivotal Moment! đ°đ
đ Insider Insights Unveiled: Navigating Bitcoin's Crossroads!
As promised, I anticipated Bitcoin's pause at $42,500, expecting a shift. Surprisingly, Bitcoin remains in accumulation mode, with no decisive cues.
đŒ Sales Set at $44,000: A Zone of Resilient Liquidity!
A robust sales configuration is solidifying at $44,000, displaying promising liquidity. This level is becoming a pivotal point to monitor closely.
đč At $41,000: A Strategic Buying Set Emerges!
Counteracting the sell zone, a potent buying setup is taking form around $41,000. A ground where buyers converge, hinting at a strong support.
đ Awaiting the Signal: No Clear Direction Yet!
Despite keen observations, Bitcoin remains enigmatic, holding its cards close. No definitive signs hinting at the next move have surfaced.
đŹđ€ Your Take? Share Your Opinions on Bitcoin's Next Move!
What's your analysis? The crypto community thrives on collective insights. Share your opinions on the potential direction of Bitcoin. đđ
đđ„ Stay Informed, Follow @MemeLauncher for Real-Time Updates! #BitcoinUpdate #CryptoInsights #BTC #BTCpredictions #BitcoinMoves $BTC
đ Insider Insights Unveiled: Navigating Bitcoin's Crossroads!
As promised, I anticipated Bitcoin's pause at $42,500, expecting a shift. Surprisingly, Bitcoin remains in accumulation mode, with no decisive cues.
đŒ Sales Set at $44,000: A Zone of Resilient Liquidity!
A robust sales configuration is solidifying at $44,000, displaying promising liquidity. This level is becoming a pivotal point to monitor closely.
đč At $41,000: A Strategic Buying Set Emerges!
Counteracting the sell zone, a potent buying setup is taking form around $41,000. A ground where buyers converge, hinting at a strong support.
đ Awaiting the Signal: No Clear Direction Yet!
Despite keen observations, Bitcoin remains enigmatic, holding its cards close. No definitive signs hinting at the next move have surfaced.
đŹđ€ Your Take? Share Your Opinions on Bitcoin's Next Move!
What's your analysis? The crypto community thrives on collective insights. Share your opinions on the potential direction of Bitcoin. đđ
đđ„ Stay Informed, Follow @MemeLauncher for Real-Time Updates! #BitcoinUpdate #CryptoInsights #BTC #BTCpredictions #BitcoinMoves $BTC
New đž Bitcoin miners sold 10,600 $BTC worth $455.8M in the last 24 hours. What will happen next?
cryptođČ
#BitcoinMoves
cryptođČ
#BitcoinMoves
See original
ETF, what are you doing?! Everyone was waiting for the wildest bull market, but they got $BTC below 42,000 USD! I don't know what to do, I feel funny and strange #BitcoinMoves
đđŹ Crypto Market Insights: Unveiling Trends with Ma Lines! đđ
đ Crypto Community, gather around! I bring tidings from the charts, decoded for you. đ Time to delve into the Ma Lines, the cryptic compass guiding our crypto odyssey.
đ Ma Lines Demystified:
These lines are the pulse of the crypto cosmos! Ma Lines, short for Moving Average Lines, narrate the market's average journey and its probable trajectory. The 8-hour Bitcoin chart unveils our story today.
đ Purple, Pink, and Yellow Dance:
Our protagonistsâPurple, Pink, and Yellow linesâtake the stage! The purple line dances with the last 99 candles, pink waltzes with the last 25, and yellow grooves with the last 7. Each line whispers the tale of Bitcoin's journey.
đ Trend Peek: Below the Average!
Bitcoin struts below the average spotlight. Pink and purple lag behind, painting a pictureâBitcoin is trending below the 8-hour candle average. An opportune moment, but vigilance is our ally.
Critical Checkpoints: Resistance and Support!
Our journey encounters a checkpoint at $42,600âresistance awaits. Triumph here could propel us to conquer the $44,000 summit. Yet, beware the abyss below $42,600; it beckons the $40,800 support. Critical, not invincible. Guard against descent!
đ Eyes Fixed, Strategy Afoot!
Vigilance is my oath. I observe, I follow, and I relay. The crypto odyssey unfolds, and I stand guard, sharing insights with you. Prosperity be your companion, fellow seekers! Your support is my anchorâdon't withhold it. đ
đ Opinions Matter: Your Take?
What whispers do you hear from the crypto charts? Share your insights, let's craft a tapestry of collective wisdom.
đ Stay Tuned, Stay Informed!
Like, share, and follow @MemeLauncher Let the crypto saga continue. đđ #CryptoInsights #BitcoinAnalysis #CryptoWisdom #BTC #BitcoinMoves
đ Crypto Community, gather around! I bring tidings from the charts, decoded for you. đ Time to delve into the Ma Lines, the cryptic compass guiding our crypto odyssey.
đ Ma Lines Demystified:
These lines are the pulse of the crypto cosmos! Ma Lines, short for Moving Average Lines, narrate the market's average journey and its probable trajectory. The 8-hour Bitcoin chart unveils our story today.
đ Purple, Pink, and Yellow Dance:
Our protagonistsâPurple, Pink, and Yellow linesâtake the stage! The purple line dances with the last 99 candles, pink waltzes with the last 25, and yellow grooves with the last 7. Each line whispers the tale of Bitcoin's journey.
đ Trend Peek: Below the Average!
Bitcoin struts below the average spotlight. Pink and purple lag behind, painting a pictureâBitcoin is trending below the 8-hour candle average. An opportune moment, but vigilance is our ally.
Critical Checkpoints: Resistance and Support!
Our journey encounters a checkpoint at $42,600âresistance awaits. Triumph here could propel us to conquer the $44,000 summit. Yet, beware the abyss below $42,600; it beckons the $40,800 support. Critical, not invincible. Guard against descent!
đ Eyes Fixed, Strategy Afoot!
Vigilance is my oath. I observe, I follow, and I relay. The crypto odyssey unfolds, and I stand guard, sharing insights with you. Prosperity be your companion, fellow seekers! Your support is my anchorâdon't withhold it. đ
đ Opinions Matter: Your Take?
What whispers do you hear from the crypto charts? Share your insights, let's craft a tapestry of collective wisdom.
đ Stay Tuned, Stay Informed!
Like, share, and follow @MemeLauncher Let the crypto saga continue. đđ #CryptoInsights #BitcoinAnalysis #CryptoWisdom #BTC #BitcoinMoves
đšBTC Remains Under Pressure But Continues Avoiding Sub-$40,000đ
BTC reacted to US economic indicators on Friday. However, a positive session for the Nasdaq Composite Index supported a late recovery.Key Insights:BTC gained 0.85% on Friday, ending the session at $41,686.A sharp improvement in US consumer sentiment dragged BTC to a session low of $40,290.On Saturday, investors must consider SEC activity, SEC v crypto case-related news, and BTC-spot ETF-related news.Bitcoin Visits Sub-$41,000 on Jump in US Consumer SentimentBTC gained 0.85% on Friday. Partially reversing a 3.41% slide from Thursday, BTC ended the day at $41,686. Significantly, BTC returned to sub-$41,000 for the second time since December 18.US Consumer Sentiment Unexpectedly Spiked in JanuaryOn Friday, US consumer sentiment numbers for January surprised the markets. The Michigan Consumer Sentiment Index increased from 69.7 to 78.8 in January. Investors reduced bets on a March Fed rate cut this week, testing buyer demand for BTC.According to the CME FedWatch Tool, the chances of a March Fed rate cut declined from 76.9% to 48.1% over the week.However, BTC tracked the Nasdaq Composite Index through the session, ending the day with gains. On Friday, the Nasdaq Composite Index rose by 1.70%.BTC-Spot ETF Trading Volumes Begin RecoveryBTC-spot ETFs remained a focal point for investors on Friday. Trading volumes continued to recover after a significant decline on Day 3 of BTC-spot ETF trading.Bloomberg Intelligence ETF Analyst Eric Balchunas provided trading volumes for day six for the nine approved BTC-spot ETFs, the Nine. Significantly, the Fidelity Wise Origin Bitcoin Trust (FBTC) moved ahead of iShares Bitcoin Trust (IBIT) for the first time since launch.Balchunas put the BTC-spot ETF trading volumes into perspective, saying,âFor context, as a group the Nineâs $1.2b in daily volume puts them in Top 1% of all ETFs (w/ $GBTC as well). But even if you single them out, $FBTC & $IBIT each in Top 2%. Keep in mind the avg age of ETFs in Top 2% is prob like 14yrs old. So pretty wild to get there in a week.âBitcoin Fear & Greed Remains NeutralThe Bitcoin Fear & Greed Index increased from 51 to 52 on Saturday. Significantly, the Index remained in the Neutral zone, signaling near-term uncertainty.A move toward the Greed zone would send bullish signals. SEC regulatory scrutiny and US lawmaker chatter continue influencing buyer appetite for cryptos. However, easing bets on a March Fed rate hike could also impact near-term BTC price trends.Bitcoin AnalysisBTC remained below the 50-day EMA while sitting above the 200-day EMA. The EMAs affirm bearish near-term but bullish longer-term price signals.A BTC breakout from the 50-day EMA would support a move to the $42,968 resistance level.On Saturday, SEC-related activity and BTC-spot ETF-related updates need consideration.However, a drop below the Friday low of $40,290 would bring the $39,861 support level into play.The 14-Daily RSI reading, 43.07, indicates a BTC fall to the $39,861 support level before entering oversold territory#BTC #BitcoinMoves #Bitcoin #BitcoinPricePredictions #BitcoinAnalysis
take 10 x leverage if u want to take risk entry around 41.8k to 42.4
stop loss is the red zone and the targetđŻ is around 44.5K . #BitcoinMoves #bitcoin
stop loss is the red zone and the targetđŻ is around 44.5K . #BitcoinMoves #bitcoin
đš#Bitcoin Visits Sub-$41,000 on Jump in US Consumer Sentimentđ
$BTC gained 0.85% on Friday. Partially reversing a 3.41% slide from Thursday, BTC ended the day at $41,686. Significantly, BTC returned to sub-$41,000 for the second time since December 18.
đšUS Consumer Sentiment Unexpectedly Spiked in Januaryđš
On Friday, US consumer sentiment numbers for January surprised the markets. The Michigan Consumer Sentiment Index increased from 69.7 to 78.8 in January. Investors reduced bets on a March Fed rate cut this week, testing buyer demand for BTC.
According to the CME FedWatch Tool, the chances of a March Fed rate cut declined from 76.9% to 48.1% over the week.
However, #BTC tracked the Nasdaq Composite Index through the session, ending the day with gains. On Friday, the Nasdaq Composite Index rose by 1.70%.
#TrendingTopic #ARB #BitcoinMoves
$BTC gained 0.85% on Friday. Partially reversing a 3.41% slide from Thursday, BTC ended the day at $41,686. Significantly, BTC returned to sub-$41,000 for the second time since December 18.
đšUS Consumer Sentiment Unexpectedly Spiked in Januaryđš
On Friday, US consumer sentiment numbers for January surprised the markets. The Michigan Consumer Sentiment Index increased from 69.7 to 78.8 in January. Investors reduced bets on a March Fed rate cut this week, testing buyer demand for BTC.
According to the CME FedWatch Tool, the chances of a March Fed rate cut declined from 76.9% to 48.1% over the week.
However, #BTC tracked the Nasdaq Composite Index through the session, ending the day with gains. On Friday, the Nasdaq Composite Index rose by 1.70%.
#TrendingTopic #ARB #BitcoinMoves