Navigating Bitcoin's Recent Volatility and ETF Outflows

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Notable price volatility primarily driven by massive outflows from spot Bitcoin ETFs following the Federal Open Market Committee (FOMC) meeting. For a more in-depth analysis, be sure to check out our full article.

Bitcoin's Price Movements

Bitcoin started June 2024 strong, trading around $70,000. However, following the FOMC meeting, Bitcoin's price plummeted to around $64,000, leading to over $420 million in long positions being liquidated.

Macroeconomic Factors:

The FOMC's decisions on interest rates and monetary policy have a significant impact on financial markets, including cryptocurrencies.

ETF Outflows:

Spot Bitcoin ETFs experienced massive redemptions following the FOMC meeting.

Short-Term Volatility:

Continued volatility in Bitcoin's price is expected as the market digests the FOMC's stance and ongoing ETF outflows.

Long-Term Prospects:

Despite current volatility, Bitcoin's long-term prospects remain strong.

Projections

Our expert analysis combines technical, fundamental, sentiment, on-chain, and quantitative analyses:

Short-Term (1-2 months):

$BTC is likely to trade between $60,000 and $70,000, with potential support around $62,000 and resistance at $68,000.

Medium-Term (3-6 months):

As market conditions stabilize and positive regulatory and institutional developments unfold, Bitcoin could recover to trade between $70,000 and $80,000, possibly testing new highs around $85,000.

Long-Term (6-12 months):

Considering strong fundamentals and increasing adoption, $BTC could reach new all-time highs, potentially trading between $80,000 and $100,000 by mid-2025.

While short-term volatility may persist, the long-term prospects for Bitcoin remain promising. Investors can capitalize on future opportunities.

This is for informational purposes only and not financial advice.
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Early market analysis on the 18th

I woke up in the morning and saw that the pie was still holding up. $SOL continued to be as strong as an 18-year-old. I was happily eating breakfast when I saw a red pillar of the pie falling down. I was wondering who was continuing to ship goods to ruin everyone's happiness. And it’s also typical Asian working hours.

Glancing at the data, I can see that this wave of market crashes dominated by spot outflows that started on the 15th has lasted for three days, which happens to be the weekend when institutions are not working. In fact, physical inflows have been positive since last night, which is also the driving force for the currency price to rebound from 64,500 yesterday.

As can be seen from the picture, except for the past three days, BTC spot prices have been continuously flowing in, which has also brought about constant price fluctuations of $BTC . Whether there will really be a bigger dip today is what needs to be observed most. After all, how investors in the United States react to the dip of 74,000, which starts approaching 10,000 points, determines whether it is a victory counterattack or the FOMO sentiment since the adoption of the ETF.

An end.
At least when the market closed on the 15th, all ETFs were still increasing their BTC (except for Grayscale, which has been selling), and no abnormalities were seen.
My personal inclination is that the most dangerous period for the market crash has passed, because both CME and @deribitexchange’s#BTCfutures and options positions are still at record highs, and the BTC futures premium at the end of the year is still 17%. The overall fundamentals are not that great. Big changes, this correction is just an opportunity.

If you don’t know when is the best time to buy at the bottom, it is recommended that you use fixed investment or grid tools. Binance has them all ready-made, which is very convenient.

Finally, today is the day when Binance pays wages. I wish everyone who plays new $Etherfi will make a lot of money.
Cheers
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Good News 📢📢 BTC is upword position.

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Expected Value BTC 75k$BTC $BNB

Market Analysis
March 29, 2024
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⚪️TECHNICAL (4H)
BTC surged following the breakout of the bull flag pattern and is currently retracing towards the horizontal support level. There is anticipation for the bullish rally to resume, with the possibility of a continuation pattern forming. A strategic entry point could be at the horizontal support level, offering a favorable risk-reward ratio for investors seeking to capitalize on potential upward momentum.

⚪️WRAP-UP (VIP)
BTC has surged following the breakout of the bull flag. It's currently retesting horizontal support. Expectation is for a continuation of the bullish rally. Good entry point could be at the horizontal support level.

$BTC DAILY RANGE:
📈Upper Limit: 71550
📉Lower Limit: 68900
(+-11% based on moving average volatility open/endpoints)

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(*Advanced traders only - moderate/high risk)
🔵LONG
💲65000
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💲75000
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BREAKING🔥🔥
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Michael Saylor says "Bitcoin will 10x from here"
#BullRun #BTC #BTCpredictions #etf #MichaelSaylor's $BTC

🚨 Bitcoin Bull Trend Hits Pause: Key Insights Unveiled! 📉🔍

Crypto Enthusiasts, buckle up as we dissect the current scenario impacting Bitcoin's bullish trajectory post-ETF approvals. Despite a surge to $48,000, the journey seems temporarily halted. Let's unravel the reasons and peer into the future! 🚫📊

Wallet Dynamics Unveiled: Shifting Coin Ages!
Surprising on-chain data from Santiment reveals a swift movement of older coins in large Bitcoin wallets, signaling a change in market dynamics. The decrease in average coin age within these wallets hints at a potential pause in the ongoing bullish cycle. 🧐📈

💬 What's your take on this shift in large wallet movements? Share your insights!

Options Data Unraveled: ETF Impact Unveiled!
A deep dive into options data exposes the impact of U.S. stock ETF trading on cryptocurrency prices. Block trades today showcase substantial activity in large put options, constituting 16% of the total—a noteworthy volume. Short-selling trends in short-term put options, especially in block trades exceeding $5 million, add a layer of complexity.

💬 How do you interpret the surge in large put options? Join the discussion!

Hope Amid Uncertainties: What Lies Ahead?
Despite the prevailing concerns, a glimmer of optimism emerges. Some analysts believe that stability may be on the horizon, with major whales potentially reigniting the market. Speculations hint at another upward wave, targeting $45,000 and even $50,000.

💭 Share your predictions! Where do you see Bitcoin heading in the coming weeks?

🚀💻 Stay Ahead in Crypto: Follow @MeMeLauncher for Real-Time Updates! 🔗🌐
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$BTC told ya what's on card well in advance!

Who's up for 46k?

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What price prediction you have submitted for tomorrow challenge?

2024/02/22
FINNAL MARKED PRICE:
51,191.30 USDT (2024/02/22)

2024/02/23
FINNAL MARKED PRICE:
51,087.80 USDT (2024/02/23)

---------------------TODAY---------------

2024/02/24
FINNAL MARKED PRICE:
51,166.60 USDT (2024/02/24)

OR GUESS FOR TOMORROW?

#Write2Earn
#BTCpredictions
#BTC

📉 Bitcoin Price Alert: Brace for Potential Retest at $37,000 in January! 🚨

As Bitcoin hovers around $42,500, anticipation for the first US spot Bitcoin ETF approval is building. 🚀 However, analysts are cautioning that a retracement to $37,000 might be in the cards, despite the ETF green light.

Bitcoin ETF Approval: A Sell-the-Event Scenario?

After an impressive 160% surge in 2023, analysts foresee a potential retracement post the Bitcoin ETF launch. 📉 Could Bitcoin enter a sideways consolidation until the April 2024 halving? Renowned analyst Rekt Capital sheds light on historical patterns, suggesting a healthy retracement to $37,000 based on past retests at the $41,000 support level.

Bargain Opportunities Ahead of the Halving?

With just over 100 days until the Bitcoin Halving, deeper retracements pre-halving might present ultimate bargain-buying opportunities. 🛒 Rekt Capital emphasizes the significance of monitoring key support levels and historical patterns as Bitcoin's market health evolves.

📊 Insights from Rekt Capital: "Historical data indicates $37,000 retracement as potentially healthy for BTC market overall."

🐻 Bears Tighten Grip: BTC Upside Limited

Bitcoin options data for January 12 hints at weakness, and analysts argue that even with a BTC rally post-ETF approval, upside potential remains capped. 📈 The market's current state reveals lower highs and lows, strengthening the bearish sentiment. The breach of the daily EMA-20 at $42,542, coupled with a surge in bearish volume, raises the possibility of an impending correction.

🚀 Stay Informed, Stay Ahead! Follow The Blockopedia for Real-time Crypto Insights! 🌐💡

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$BTC What do you think?

Stay cautious, weekend is here expecting choppiness!

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Bitcoin (BTC) Set for $180,000 Ascent, Crypto Analyst Henrik Zeberg.
[u.today]

BTC rose to yearly high of roughly $38,000 in past week.

Crypto analyst Henrik Zeberg makes an interesting Bitcoin prediction. In a tweet, Zeberg predicts Bitcoin might soar to as high as $180,000. He gives his target range for this prediction to be between $170,000 and $180,000, with the minimum being $115,000. On a Bitcoin weekly chart, Zeberg highlighted Bitcoin's past cycles and returns from the bottom lows spotted. Taken from the cycle's peak, between 2016 and 2018, Bitcoin saw 95-fold growth.

Drawn from 2019 bottom lows until the peak of the bull run in November 2021, when Bitcoin made out highs of $69,000, BTC saw growth by 16 times. Zeberg identified a Bitcoin bottom low that occurred toward the end of 2022. Bitcoin has barely increased 1.3 times from this low, significantly behind the estimated 10- to 11-fold growth potential Zeberg highlighted.

If taken from the current price, which has only demonstrated a 1.3-fold growth, a ten-fold increase in the BTC price from cycle lows would be around $313,000.

At the time of writing, BTC was down 1.45% in the last 24 hours to $36,280. BTC rose to a yearly high of roughly $38,000 in the past week. This bounce, however, was short-lived, as the price fell sharply below the $37,000 support level. The BTC price is currently lingering near this level, and a retest is expected soon, with the outcome undetermined.
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It's quite amusing how people, especially staunch critics, often discuss #bitcoin's hashrate and the fear of a 51% brute force attack or centralization. Some act as if a 51% attack would be a doomsday scenario, but in reality, Bitcoin is designed to make such an attack unattractive and costly, as explained in the whitepaper and foreseen by its creator.
This is evident when you compare Bitcoin's hashrate to BCH and BSV, which use the same hashing algorithm. Despite the vast difference in hashrate, these attacks rarely happen. Small public Bitcoin miners could potentially launch such an attack on BCH or BSV, but they choose not to because the cost outweighs the reward.
This assumes that attackers are rational, which they mostly are. Even nation states could sustain an attack, but they have more practical ways to influence Bitcoin without competing in hashpower. This fear is just another form of FUD that can be easily debunked with transparent data.
It's fascinating to witness and participate in this new, immutable, and unregulated commodity market in real-time. What an exciting era to be a part of! 🔥🔥 Do you agree.
Drop a like and follow for more content 😁
#BTC #BTCpredictions

Market Update -

Last Bitcoin closed a 4 hour candle above the Monday High ($34,880) which was the resistance level we were looking to break. The price looks to have accepted over $35k, and for upside continuation we want to see the Monday High hold on any retest.

If we start to close below this then this would confirm a lower high and we could see another flush lower. The trend over the past 3 or 4 weeks has been a pump late Sunday into Monday so let's see if we get the same.
#BTCpredictions #BTC+1.25% #BNB+3.74% $ETH