I warned you around $2450-$2500 that a dumping towards $1600 or lower would occur! Here we are: -45% โ ๐ฑ
Keep it simple: the bearish move is probably not over! ๐ The bearish trend remain strong without sign of reversal yet.
According to my lines, prices could continue to move toward the following supports area: 1100$ - 900$ or even 750$ !!
Key resistances to be break again: 1620$ 1700$ 1850$
Monitor the downtrend daily. As long as there are no weekly candle close above 1850$, there is no reason to FOMO into long positions! โ ๏ธ
The short term price remain bearish, but a trap to test the 1660$ (Tenkan daily) could be see! If you intend to short, please avoid when it's fully red!
Bitcoin (BTC) price has stabilized around $76,000 as of Wednesday, following a 3.59% decline the previous day. The cryptocurrency may experience increased volatility as U.S. President Donald Trump's newly announced tariffs take effect on Wednesday, with China expected to implement retaliatory measures on Thursday.
According to a report by K33 Research, despite broader market concerns, Bitcoin has demonstrated relative resilience compared to global equity markets.
Michael Saylorโs Strategy May Sell Bitcoin to Manage Soaring Debt
April 09, 2025 Michael Saylorโs company, Strategy, known for its massive Bitcoin holdings, may be forced to sell some of its cryptocurrency stash to meet looming financial commitments. According to a SEC filing dated April 7, Strategy warned that unless it secures timely financingโwhether through equity or debtโit might have no choice but to liquidate part of its Bitcoin portfolio. The firmโs financial stability is closely tied to Bitcoinโs market value, as the majority of its assets are in BTC.
Bitcoin Recovers: Is This a Dead Cat Bounce, or Is There Reason for Optimism?
Bitcoin is climbing toward $80K as it continues its recovery from yesterday's 5-month low of $74.4K. However, despite this upward momentum, the ongoing uncertainty surrounding Trumpโs trade tariffs has left market sentiment cautious. Yesterdayโs Chaos, Todayโs Calm Yesterdayโs trading was marked by volatility, with risk assets experiencing dramatic swings due to mixed signals from the White House. Today, the mood has shifted to a more stable outlook, fueled by hopes that President Trump might be
Ethereum (ETH) is showing some surprising strength while the stock market is in turmoil. While most top cryptocurrencies, including ETH, held steady heading into the weekend, the S&P 500 dropped nearly 6%, pushing its market cap decline to $5.06 trillion over the past two days. The Nasdaq-100 and Dow Jones also saw significant drops, with corrections of 20% and 10%, respectively, from their all-time highs back in December. Even traditional safe-haven assets like gold and silver took a hit, falling 2.5% and 7.1%, respectively.
The market losses started accelerating after Federal Reserve Chair Jerome Powell made some hawkish comments at the Society for Advancing Business Editing and Writing conference in Virginia. He mentioned that "larger-than-expected" tariffs could drive up inflation and slow economic growth, and that the Fed would take a "wait-and-see" approach before making any policy decisions. Powell added, "We are well positioned to wait for greater clarity before considering any adjustments to our policy stance. It is too soon to say what will be the appropriate path for monetary policy." This statement raised concerns about a potential recession, which contributed to the stock marketโs slide.
In contrast, Ethereum (ETH) has shown some resilience, signaling that investors may be turning to crypto as a potential hedge against the uncertainty in traditional markets. Ethereum even outperformed Bitcoin during the short COVID-induced recession in 2020, with a 460% gain. Given the current market climate, ETH might make a strong comeback in the coming weeks, especially with the Pectra mainnet upgrade scheduled for May 7.
In terms of price action, Ethereum traders are really focusing on the $1,800 level. In the past 24 hours, thereโs been $43.24 million in futures liquidations, with $20.84 million in long positions and $22.41 million in short positions. Buyers are trying to defend the $1,800 support level, quickly pushing prices back above it after briefly dipping to around $1,700 today.
The narrative of Bitcoin as a safe-haven asset is gaining momentum as it shows resilience despite a stock market crash. This suggests that the correlation between cryptocurrencies and stocks is weakening. Additionally, it points to a growing preference for crypto assets, especially with the potential for an extended global trade war sparked by Trump's tariffs.
This trend aligns with Bitcoin's reputation as a safe haven during times of extreme market uncertainty, which could attract investors if stocks and gold continue to decline.
A similar pattern occurred during the 2020 COVID-19 pandemic. At the start of the year, Bitcoin was trading around $7,161. The pandemic caused an initial market crash, with Bitcoin falling to a low of $4,900 in March. However, Bitcoin soon decoupled from the stock market, quickly rebounding while stocks remained under pressure due to the ongoing crisis.
Why Is Pi Coin Dropping? Key Reasons Behind Its Recent Price Decline
โOver the past week, Pi Coin has experienced a notable decline in its market value, despite its robust community and positive market sentiment. Several key factors have contributed to this downturn:โ
1. Migration and KYC Verification Challenges
The Pi Network set March 14, 2025, as the final deadline for users to complete their Know Your Customer (KYC) verification and migrate their Pi Coins to the Mainnet. Many users encountered technical issues during this process, leading to missed deadlines and forfeiture of their tokens. This situation not only frustrated the community but also increased selling pressure, as affected users liquidated their holdings. โBrave New Coin+2CaptainAltcoin+2AiCoin+2AiCoin
2. Unfulfilled Expectations of Major Announcements
Anticipation was high for significant updates or partnerships on Pi Day (March 14), marking the network's sixth anniversary. The absence of major announcements led to disappointment among investors, triggering a "sell-the-news" reaction where traders exited positions due to unmet expectations. โCaptainAltcoin
3. Speculation and Uncertainty Regarding Exchange Listings
Rumors about Pi Coin being listed on major exchanges, such as Binance, have circulated without official confirmation. While a community vote showed strong support for a Binance listing, the lack of concrete information has created uncertainty, contributing to market volatility and downward price pressure. โAiCoin+3CaptainAltcoin+3Brave New Coin+3Brave New Coin
4. Upcoming Token Unlock and Supply Concerns
An impending release of 129 million Pi tokens into circulation, valued at approximately $140.61 million, has raised concerns about increased supply leading to potential price declines. Historically, large token unlock events can depress prices, as the market absorbs the additional supply. โ
Why Binance Hasnโt Listed Pi Coin Yet: Technical Factors and Future Prospects
Binance, one of the largest cryptocurrency exchanges in the world, has a rigorous process for listing new cryptocurrencies. The decision to list a coin like Pi Network's Pi Coin involves several technical, regulatory, and strategic factors. Below is a detailed analysis of why Binance might not have listed Pi Coin yet, along with the technical factors and future prospects of such a listing. Recent Mainnet MigrationAlthough Pi Coin successfully migrated to its mainnet and listed on OKX on Februar
BLACKROCK HAS BEEN TALKING TO DIFFERENT SORTS OF INSTITUTIONS ON BITCOIN ETF INVESTMENTS
Speaking to a news site, BlackRock head of digital assets Robert Mitchnick said they anticipate a new wave of inflows from โa different type of investor.โ This assertion comes after a period of significant pause in terms of capital inflows into the BTC exchange-traded funds (ETFs) market.
Specifically, Mitchnick says the new players could include financial institutions like sovereign wealth funds, pension funds and endowments. If these classes of investors begin to trade spot ETFs, the BlackRock executive said it would signify โa re-initiation of the discussion around Bitcoin.โ
Further, Mitchnick revealed that BlackRock, the worldโs largest asset management firm, has been talking to different sorts of institutions, including โpensions, endowments, sovereign wealth funds, insurers, other asset managers, and family offices,โ among others, about BTC for several years.
Elsewhere, a filing (13F report) from the US Securities & Exchange Commission (SEC) indicates that the second largest European bank (by assets), BNP Paribas, purchased BlackRock BTC ETF shares (IBIT).ย
The portion of BNP Paribasโ investment into IBIT was very small, 1,030 IBIT shares in Q1 of 2024 at $40.47 a share, for a total of $41,684.10. This is less than the value of a single BTC at current prices. Nevertheless, it is still significant because it points to one of the first confirmed instances where a major financial institution has purchased shares of a spot Bitcoin ETF. ย ย - BlackRock's head of digital assets says new wave of investors is likely to pour into the BTC ETF space. ย ย ย - After 71 days of capital inflows into Bitcoin ETFs, markets witnessed an unusual lull that denied tailwinds for BTC price.
TOP 3 PRICE PREDICTION BITCOIN, ETHEREUM, RIPPLE: ALTCOINS TO PUMP ONCE BTC BOTTOMS OUT, SLOW GRIND UP FOR NOW
ย
Bitcoin (BTC) price slipped below $60,000 on Wednesday as markets tried to front-run the Federal Open Market Committee (FOMC) meeting.
In the mid-April meeting, the Fed alleged new uncertainty concerning whether it could cut rates later this year because of inflation data from the previous quarter. This had markets anticipate a rate hike, causing Bitcoin price to dump, going as low as the $56K range.
In a surprising twist on Wednesday, however, the Fed decided to keep rates unchanged, with the improved sentiment sending BTC back into the $58,000 range.
The sentiment has extended to Ethereum (ETH) and Ripple (XRP) prices as they continue to hold above key support levels.
KEY LEVEL TO WATCH AS BITCOIN PRICE SLOWLY GRINDS UP
Bitcoin price drop on Wednesday saw it draw close to testing the Bull Market Support Band at $55,831. However, dovish news from the FOMC may have turned around fortunes as the BTC price is slowly grinding up. If the bulls can manage to haul BTC back above the $59,200 level, it could solidify the recovery, effectively meaning that BTC has bottomed out at $56,552.
In the meantime, Bitcoin price remains in the woods amid falling momentum and growing bearish sentiment, as shown by the Relative Strength Index (RSI) and the Awesome Oscillator (AO) momentum indicators.
If the Bull Market Support band fails to hold as support, Bitcoin price could extend the fall toward the $52,000 threshold, or in a dire case, test the $50,000 psychological level.
Conversely, with the RSI holding well above the mean level of 50, and the AO still in positive territory, all hope is not lost for BTC bulls. And while a flip of $59,200 into support would solidify a recovery rally, the bearish thesis will only be invalidated once BTC breaks and closes above $72,000.
When everyone's expecting a pump in the market, the market makers dumped it.
Let's Recap The Show:
January 2024: SEC's ETF Approval: When there was a high expectation among retail investors and news circulation that BTC's gonna pump after ETF approval, but it's price dumped from 48K to 41k. The whales and market makers gathered millions of profit, leaving retail traders in panic selling and liquidation.
March and April 2024: The crypto market was inclining gradually due to pre halving of BTC. The market makers and influencers were selling the FOMO that BTC's gonna land to the moon after halving event, and everyone's started investing in crypto. And after reaching the BTC price to their desired targets, they've made another massive selling, leaving btc from 73k to 67k and further down after halving from 67k to 60k.
And today, when Asia's first ever spot ETF approval in Hong Kong and the very first day of Spot ETF trade opened there, the giants again manipulated the market from 64k to 60k, still declining while writing this post.
So always keep an eye on whats being propagated in the news goes adverse in reality. Avoid any short or long trade, just wait and see. They're selling the news and cashing the events.
And now you'll see the gradual rise again, coz they'll start a massive buying again, a win-win situation for them, while leaving retailers in liquidation, losses and panic selling again.
Bitcoin Is Struggling. Cryptos Have Been Hit With a Wave of Profit-Taking
Bitcoin and other cryptocurrencies were little changed Tuesday, struggling at relatively depressed levels after weeks of weakness amid signs of profit-taking across digital assets and few immediate catalysts to prop up prices. The price of Bitcoin has fallen 1% over the past 24 hours to $61,700, remaining far below its 50-day moving average near $67,000 โ a sign of technical market weakness. Bitcoin notched its fourth straight week of declines last Friday, with prices languishing since mid-March
As of April 26, 2024, bitcoin continues to exhibit fluctuating fortunes, with the latest trading session closing at $64,095. Amid a wider range between $62,923 and $65,069 over the last 24 hours, traders are grappling with mixed signals across various technical charts and indicators.
Bull Verdict
Should Bitcoin break above the resistance level at $65,391 and sustain this upward movement, it would indicate a significant reversal from the prevailing bearish trend. Such a breakout could propelย BTCย towards a bullish phase, with the potential to reach a near-term target of $70,000. Traders should monitor for sustained movements above this key resistance, as it would suggest an increasing momentum and a possible shift in market sentiment towards optimism.
Bear Verdict
The consistent bearish signals across most MAs, coupled with a lack of strength in the oscillators, suggest that the bearish trend may persist in the near term. With resistance solidly forming at lower levels than previous highs and significant selling pressure evident,ย BTCย could likely test further downsides, potentially approaching the next main bearish target at $60,000. Traders should remain cautious, considering safeguarding assets and preparing for possible further declines in price.
What do you think about Bitcoinโs market action? Share your thoughts and opinions in the comments section below.
Strike CEO Jack Mallers Explains How the Bitcoin Price Could Reach $1 Million
In a recent interview with David Lin, Jack Mallers, the CEO of Strike, shared profound insights into Bitcoinโs potential trajectory and its broader implications for the financial world. Jack Mallers began the interview with a bold forecast, suggesting that Bitcoinโs price could surge to $1 million. He bases this prediction on the financial instabilities within the bond markets, which heavily involve banks. According to Mallers, the potential bailout required to stabilize these markets could lead
Hedera's HBAR Doubles, Then Falls 25%, as BlackRock Links Diminish
Hedera announced on Tuesday that BlackRock's U.S. Treasury money market fund had been tokenized on its blockchain.
Hederaโs native $HBAR token surged by over 107% on Tuesday, then slipped 25%, as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain.
On Tuesday, Hederaย announcedย that BlackRockโs ICS U.S. Treasury money market fund had been tokenized on the Hedera blockchain in collaboration with Archax. Hedera supporters on social media beganย claiming that BlackRock chose Hederaย to tokenize its fund, although this wasnโt the case.
Archax CEO Graham Rodfordย saidย that โit was indeed an Archax choice to put [the fund] on Hedera,โ in response toย criticismย about misleading marketing from Hedera.
BlackRock entered the real-world asset (RWA) tokenization sector last month when itย launchedย its USD Institutional Digital Liquidity Fund on Ethereum.
The HBAR token is still up by 61% over the past 24 hours, but the 2% market depth remains relatively thin, with $900,000 in cumulative bids on the Binance and Upbit order books within 2% of the current price of 14 cents. The token has over $2.6 billion in trading volume over the past 24 hours, according to CoinMarketCap.
CoinGlassย dataย shows that funding rates across all derivative exchanges are heavily negative, which means those holding short positions have to pay those holding long positions, indicating a bearish bias. The ratio of longs and shorts on Binance is currently 0.85.
The weighted short interest, coupled with a lack of liquidity, creates a landscape for a volatile trading period that could culminate in a return to parity or a short squeeze, with open interest having risen by 442% to $160 million in the past 24 hours.
Bitcoin and Ethereum were stable in the morning hrs of the Asia trading. The CoinDesk 20 Index is flat as traders can't decide on a direction to take.
BTC & ETH continue to trade in tight ranges as traders reassess macro conditions after halving.
After a volatile last few weeks involvingย missile strikes between two geopolitical foesย and excitement about halving, a sense of calm has returned to the market, with bulls and bears unwilling to lead the price action.
"After the halving, market volatility was somewhat muted," Thomas Kim, a trader at Presto, told CoinDesk. "Recent three-day realized volatility was well below the implied volatility of BTC options, and investors may still need to gauge macroeconomic variables."
Liquidation data from CoinGlassย shows that in the last 12 hours, $52.46 million in positions have been liquidated. Ethereum and BTC positions are the largest, respectively, but there's also $6.86 million in $HBAR liquidations โ owing to the token's recent surge in volume crossing the $1 billion mark โ as well as $1.83 million in PEPE liquidations.
Justin d'Anethan from Keyrock, an Asia-based crypto market maker, said that traders are indecisive and can't make up their minds on what position to take.
"There's a flurry of negative news weighing on markets," d'Anethan continued, pointing to the SEC's clear desire to delay the ETF application, President Joe Biden'sย comments about crypto mining, and continuing crypto investment product outflows. "On the flip side, maybe more bullish side, the pullback we saw last week, which was intently caused by some leveraged long liquidations, has probably cleared some froth and left us sitting at a respectable level with some committed capital," he said.
Coinglass dataย says that over the weekend of April 12-13, when Iran launched its missile attack on Israel, over $1.4 billion in long positions were liquidated. "With the halving, crypto investors are not willing to part with their coins and are probably setting themselves up for higher prices long term."
Trade In Crypto Pragmatically, Without Losing Your Money
As weโre well aware that crypto market is highly volatile, hence trading in crypto is risky. Although, the risk associated with crypto trading cannot be eliminated, but it can be managed or mitigated. So, whatโs the best option to trade in crypto without losing your money.
So, bear in mind these points for wining trades:
- Step into the market with a business / trader mindset, rather than just a gambler - Do your research before getting into the trade - Avoid psychological triggers, cognitive biases, or impulsive decisions - Donโt get influenced by FOMO & FUDs - Donโt get influenced by someoneโs preaching you out to buy specific coins (especially meme coins aka shit-coins) - Be patient, stay calm, wait for the opportunity to enter into the trade - Make informed decisions - Earn less, earn daily, weekly, or whenever you grab the opportunity - Control Your Fear & Greed emotions - Be cautious while trading in futures and manage your risk by lowering your leverage positions - Do spot trading, spot DCA and auto-invest
By taking into consideration these points, the bearish/bullish trends will always be in your favor.
ย The spell of โSelling the FOMOโ before BTC halving is about to end, where influential players tried to convince you that before halving, BTCโs gonna crash to 50K, 45K, 19K, and blah blah blah, and they achieved their motive to some extent, by manipulating the crypto market and BTC price from 73K to 60K, backed by the whales and institutional investors.
Now thereโs a second wave is about to start where theyโll create hype on social platforms that BTC halving has now done, the bull run is about to come, and crypto will rocket to the moon, mars, and beyond. Massive buying in the crypto market will happen, and prices will surge and boom! All the whales and institutional investors will sell their coins at their targeted profits, again the market will plunge, and retail investors & traders will end up with their liquidations. Thatโs a game theory behind the scenes being successfully played every time, thatโs why they sell you FOMO and FUD through social media, influencers, and so-called gurus.
Do you remember what happened after the SECโs ETF approval back in January 2024? When the BTC price surge was highly expected. But what happened afterward? The crypto shot up by a price of BTC from $48,600 down to $41,000: the same players, and the same FOMO-selling psychology.
The price of BTC and altcoins is likely to be inclined after the halving, but not after the very next hour of the halving event. Itโll take time, maybe a month or two, but itโll rise gradually. ย
Bitcoin halving events have historically been associated with price increases, but that's not a surety of immediate rise. The market's reaction can be influenced by numerous factors, including macroeconomic trends, regulatory developments, and investor sentiments.
So be cautious and move with patience, and make an informed investment decision, after taking into consideration all the factors directly proportional to the market, and with the calculated risk.
During a bearish trend in the crypto market, it's essential to prioritize safety and take appropriate precautions to protect your investments, particularly before $BTC halving
- Keep yourself updated with the latest news and developments in the cryptocurrency market. Understand the factors contributing to the bearish trend, such as regulatory changes, market sentiment, or technological issues.
- Review your investment portfolio and assess your risk tolerance. Consider diversifying your investments across different cryptocurrencies and other asset classes to mitigate potential losses.
- Set stop-loss orders to automatically sell your cryptocurrencies at a predetermined price level. This can help limit your losses if prices continue to decline.
- Avoid making impulsive decisions based on fear or panic. Stick to your investment strategy and avoid succumbing to market FUD (fear, uncertainty, doubt).
- Ensure that your cryptocurrency holdings are stored securely in reputable wallets or exchanges. Use hardware wallets or cold storage solutions for long-term storage, and enable two-factor authentication (2FA) for added security.
- Explore hedging strategies such as futures contracts or options to protect your portfolio against downside risk.
- If you're concerned about further downside risk, consider reducing your exposure to the cryptocurrency market by selling a portion of your holdings or moving assets into more stable assets like fiat currency or stablecoins.
- If you're unsure about how to navigate the bearish market conditions, consider seeking advice from financial professionals or experienced investors who can provide guidance tailored to your specific situation.
Remember that investing in cryptocurrencies carries inherent risks, and there's no guarantee of profits. It's important to do your research, exercise caution, and make informed decisions based on your financial goals and risk tolerance.