As of February 3, 2025, Bitcoin (BTC) is trading at approximately $99,034, reflecting an increase of $1,257 (about 1.29%) from the previous close.
Recent Market Movements
Bitcoin has experienced notable volatility recently, influenced by global economic developments. The announcement of new tariffs by President Trump on imports from Canada, Mexico, and China has led to concerns about potential inflation and its impact on monetary policy. These concerns have contributed to a decline in Bitcoin's price, with a significant drop observed in the past week.
Technical Analysis
From a technical perspective, Bitcoin has broken below key support levels, indicating potential for further downside. Analysts are monitoring support levels around $92,000 and $87,000. If these levels fail to hold, the next significant support is around $74,000. On the upside, resistance is anticipated near $106,000.
Market Outlook
The broader cryptocurrency market has also been affected, with a decline of over $500 billion in market capitalization following the tariff announcements. Investors are closely watching global economic policies and their potential impact on both traditional and digital asset markets.
Conclusion
Bitcoin's recent price movements underscore its sensitivity to macroeconomic factors. Traders and investors should remain vigilant, monitoring both technical indicators and global economic developments to inform their strategies.
As of February 3, 2025, Bitcoin (BTC) is trading at approximately $99,034, reflecting an increase of $1,257 (about 1.29%) from the previous close.
Recent Market Movements
Bitcoin has experienced notable volatility recently, influenced by global economic developments. The announcement of new tariffs by President Trump on imports from Canada, Mexico, and China has led to concerns about potential inflation and its impact on monetary policy. These concerns have contributed to a decline in Bitcoin's price, with a significant drop observed in the past week.
Technical Analysis
From a technical perspective, Bitcoin has broken below key support levels, indicating potential for further downside. Analysts are monitoring support levels around $92,000 and $87,000. If these levels fail to hold, the next significant support is around $74,000. On the upside, resistance is anticipated near $106,000.
Market Outlook
The broader cryptocurrency market has also been affected, with a decline of over $500 billion in market capitalization following the tariff announcements. Investors are closely watching global economic policies and their potential impact on both traditional and digital asset markets.
Conclusion
Bitcoin's recent price movements underscore its sensitivity to macroeconomic factors. Traders and investors should remain vigilant, monitoring both technical indicators and global economic developments to inform their strategies.
Trump Launches Meme Coin Ahead of White House Return
President-elect Donald Trump has introduced a new cryptocurrency called $TRUMP, a meme coin built on the Solana blockchain. Announced via his X and Truth Social accounts, the coin's value surged to over $30 shortly after launch, achieving a market capitalization exceeding $5 billion.
The total supply of $TRUMP is capped at 1 billion tokens, with 200 million currently in circulation. Notably, 80% of the total supply is owned by entities linked to the Trump Organization, specifically CIC Digital LLC and Fight Fight Fight LLC, with a three-year release schedule for these holdings.
This venture has sparked discussions about potential conflicts of interest, as President-elect Trump prepares to take office. Critics, including former White House Communications Director Anthony Scaramucci, have raised ethical concerns regarding Trump's financial involvement in the cryptocurrency sector.
The launch of $TRUMP aligns with President-elect Trump's broader engagement with the crypto industry, including previous NFT collections and plans to issue an executive order making cryptocurrency a national priority after his inauguration.
Crypto Trader Says One Large-Cap Memecoin Is ‘About To Rip,’ Updates Outlook on Bitcoin and Solana
A widely followed analyst and trader is expressing bullish sentiment on a leading memecoin while updating his outlook on three other crypto assets.
The analyst pseudonymously known as Kaleo tells his 638,400 followers on the social media platform X that Dogecoin (DOGE) is “about to rip”.
On the largest memecoin by market cap, the widely followed analyst further says,
“DOGE always has been and always will be the king of the memes. All of retail is still familiar with it, and all of crypto Twitter was raised on it.
It was the initial meme that made it possible for us to believe that a dog and a community were enough to start a movement.
Dogecoin isn’t dead.
As soon as it starts to catch a bit of a bid, it will move vertical once again… It’s only a matter of time before it happens, and I refuse to be sidelined when it does.”
Dogecoin is trading at $0.152 at time of writing.
Turning to Bitcoin (BTC), Kaleo says he has a “feeling that it continues to do well from here.”
Based on Kaleo’s chart, it appears that the pseudonymous analyst is projecting Bitcoin to rise to over $100,000 over the coming months.
Bitcoin is trading at $66,003 at time of writing.
Next up is Solana (SOL). According to the widely followed analyst, Solana will soar to a fresh all-time high this year.
Solana is trading at $173 at time of writing, down about 33% from its record high of $259.96.
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Bitcoin Pump start from Aug - Oct after 4 years cycle completed and big whales start to invest in the market from October of every cycle completed.
Last Bitcoin 4 year cycle Update
Last market Cycle of 2020, after 1 year market retrace about 55% then break the previous hight 64000 and make a new high 69,000, then go down upto 68%.
Current Bitcoin 4 year cycle Update
Big Whales Makes you fool, big Whales already make money from bitcoin and now wants to liquiditate your money.
As per previous market Cycle, market retrace 50% at 43000 level then make a new high and then go down 68% at 32-33000 level.
Next Bitcoin 4 year cycle update
Market expected to retrace 68% 32-33000 level in Oct, 2026. Next 4 year cycle completed in Aug, 2026 and next bitcoin pump start from Oct, 2026.
Now don't waste your money because market already pump. If you want to take a risk then wait at 43000 Support and invest minimum capital. If you want to make big money then wait for Oct, 2026 pump at 3 3000 support.
In bigger picture #BTC move in channel, market is now at 61,000 and also make a bearish flag pattern. As per market condition market can move to it support at 59,500 and then continue to move in channel. Next few days market next move expected 59,500 to 62500 level.
Few days I share my analysis and say market dump is coming. Market move according to my analysis. Market move a fake pump to liquiditate all buying orders at 60,630 level. Next support is 59500. If market break the previous low 56,500 then go down upto 53,000. Market short down trend start.
Market can give a fake pump at 59,500 level and again liquiditate all orders and dump again to 53,000. Becarefull.
Here's a summary of the pros and cons of ETF (Exchange-Traded Funds) and BTC (Bitcoin):
*ETF:*
Pros:
1. Diversification: ETFs offer a diversified portfolio, reducing risk. 2. Professional management: Experienced managers handle investment decisions. 3. Liquidity: ETFs are traded on exchanges, making it easy to buy and sell. 4. Regulatory oversight: ETFs are regulated, providing a level of security. 5. Low minimum investment: Investors can start with a small amount.
Cons:
1. Fees: ETFs come with management fees and other expenses. 2. Limited control: Investors have limited control over the portfolio. 3. Market risks: ETFs are subject to market fluctuations.
*BTC:*
Pros:
1. Decentralized: Bitcoin operates independently, without central authority. 2. Security: Transactions are secure, using cryptography. 3. Limited supply: Only 21 million BTC will be created. 4. High liquidity: BTC is widely accepted and easily transferable. 5. Potential for high returns: BTC's value can increase significantly.
Cons:
1. Volatility: BTC's value can fluctuate rapidly and unpredictably. 2. Regulatory uncertainty: Bitcoin's legal status varies by country. 3. Security risks: Investors risk hacking and theft. 4. Limited adoption: BTC is not widely accepted as a form of payment. 5. High risk: Investing in BTC carries a high level of risk.
Remember, investing in either ETFs or BTC comes with risks and rewards. It's essential to conduct thorough research, consider your financial goals, and consult with a financial advisor before making investment decisions. #BinanceLaunchpool #ETHETFS #BTC #altcoins #BinanceSquare #MicroStrategy #bitcoinhalving #buythedip #cryptowatchmay2024 #ETFvsBTC $BTC $ETH
Yesterday I share my analysis, market move according to my analysis.
Current market update.
Now btc retest the support at 62,800 level and move upward. Next market liquidity area at 64,400. Be careful market just liquiditate this area and again going down. If you buy btc just hold at 64,400 or 65000.
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Bitcoin now trade in channel, next btc resistance is 62,000, then go down and consolidate in channel. If btc break 62,000 level then it will go upto 65,000.
Bitcoin now trade in channel, next btc resistance is 62,000, then go down and consolidate in channel. If btc break 62,000 level then it will go upto 65,000.
Follow me for more Signal and analysis and share this post. #ETHETFS #altcoins #BTC #BlackRock #CryptoWatchMay2024 #Memecoins #bitcoinhalving #BinanceLaunchpool #AltCoinSeason2024 #MicroStrategy #Solana #TLMUSDT $BTC $TLM
TP hit🔥🔥🔥 Few days ago I share btc signal which hit target at 61,000. Someone saying that why btc down at 61,000 and laughing now see results.
Current market update.
Here are two scenarios, First BTC go down to 59,500 to 60,000 and then go upward. Second, if btc break the previous low 56,500 then go down upto 53,000.