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BTC Bitcoin Price Target | Binance vs SEC Lawsuit Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws. The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community. Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities. Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market. Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May. The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty. These developments collectively cast a shadow over the cryptocurrency market's near-term prospects. In this context, my price target for BTC Bitcoin is $23700. Looking forward to read your opinion about it!
Short
by TopgOptions
4
Crucial Week Ahead: Interest Rate Decision Looms Over BTCIntroduction: As the world's attention remains fixed on the dynamic realm of cryptocurrencies, this week holds particular significance for Bitcoin and its digital counterparts. The focal point of concern? The forthcoming announcement from the US Federal Reserve (FED) regarding its interest rate decision. Despite last week's revelation of US inflation data surpassing expectations, Bitcoin exhibited remarkable resilience, maintaining a stable trading level of $26,000. Within the broader crypto landscape, the lack of catalysts to propel both Bitcoin and altcoins higher resulted in a lateral trading pattern, with prices hovering between $26,000 and $27,000. Nevertheless, analysts are sounding a note of caution, warning that the FED's impending interest rate decision may exert downward pressure on the prices of risk-associated assets, including cryptocurrencies. US Inflation Data: A Surprising Prelude Last week, the release of US inflation data caught the financial world by surprise. Inflation figures exceeded expectations, typically signaling potential monetary policy adjustments by the FED. However, the response from the cryptocurrency market was intriguing, to say the least. Bitcoin, often regarded as a hedge against inflation and economic uncertainty, exhibited an uncharacteristic calmness. Bitcoin's Steadfast Resilience Amidst the inflationary concerns, Bitcoin managed to maintain its trading range, firmly anchored at the $26,000 level. This stability came as a relief to many crypto investors who were bracing themselves for a turbulent period. The question on everyone's mind is whether Bitcoin can sustain this resilience in the face of an imminent interest rate decision. The Quiet Altcoin Market Bitcoin's tranquility extended to the broader altcoin market, where prices meandered without significant catalysts to prompt substantial price movements. Traders and investors found themselves in a state of anticipation, seeking cues to predict the next direction of the crypto markets. The FED's Interest Rate Decision: A Potential Game-Changer Analysts and crypto enthusiasts are now turning their attention to the impending FED interest rate decision. The FED's actions have a history of sending ripples across the financial landscape, influencing not only traditional markets but also cryptocurrencies. The concern arises from the expectation that a more hawkish stance by the FED, involving interest rate hikes, could spell trouble for risk assets such as cryptocurrencies. The Warning from Analysts Many market analysts are cautioning that the FED's decision may herald a challenging period for Bitcoin and other cryptocurrencies. The potential for rising interest rates could make traditional assets more attractive, diverting funds away from the crypto market. Furthermore, higher rates may dampen investor sentiment, prompting a downward correction in crypto prices. Conclusion: As Bitcoin and cryptocurrencies enter a pivotal week, all eyes are on the US Federal Reserve's interest rate decision. The juxtaposition of a surprisingly high US inflation rate with the crypto market's resilience is a testament to the ever-evolving dynamics of the digital asset space. While Bitcoin has proven itself as a store of value in times of economic uncertainty, it remains to be seen whether it can weather the storm of rising interest rates. In the coming days, market participants will closely monitor the FED's decision, knowing that it could either propel cryptocurrencies to new heights or trigger a period of retrenchment. The crypto landscape remains as fascinating and unpredictable as ever, and this week promises to be a pivotal chapter in its ongoing narrative.
BITSTAMP:BTCUSD
by CryptoSnagger
A new lost decade of stagflation is comingYou better get used to working hard, because the days of easy magic fairy dust money are long gone after 40 years of mania. The following scenario is going to make wallstreet very angry and I'm sure a lot of retail investors are going to be forced to give up and start working longer hours to adapt to an expensive already inflated life that just won't lower prices anymore, while at the same time, record high interest rates have already made it much harder for everyone to access bank loans and 0% credit cards. From Japanese herbivore men to Western Men Going Their Own Way, Japan during the 80s and 90s is the textbook play for the world to follow. What is usually known as "depevelopment" is actually a 4th stage of population growth/flattening that will surely lead to a global ageing population or demographic and pension crisis in the coming years and decades. So technically, there won't be any great depression like 1929, and there won't be any hyperinflation either (except for a few failed states in Latinamerica of course), A recession is not as boring and as predictable, as an eternally long stagflation, which is the most hated but necessary scenario to push foward out of so much debt.
TVC:GOLD
by axelrodd
1
Bitcoin Explosion imminent!? Mini-Bull Market Watch!The bull markets of 2011 and 2019, which developed in early Crypto Spring, produced an explosive move to the upside heading into the second quarter of the year. In this video we briefly take a look at these moves and other possible scenarios. The "pillars " drawn here in ever Crypto Spring run from April 1st to October 1st on the horizontal axes and 50% above the future halving price on the vertical axes. If bitcoin follows this same pattern we will see an explosive move up to the future halving price in the 2nd quarter followed by a dump back below the future halving price in the 3rd quarter. What are your thoughts? Let us know in the comments below.
INDEX:BTCUSDLong
by TheCryptoWeatherChannel
Bitcoin BTC Price Targets after the FOMC meeting this weekThe upcoming FED meeting on May 3rd could cause a further decline in the crypto market due to the potential rate hike and ongoing unease around banking system developments. The outlook for the crypto market after the upcoming FED meeting on May 3rd is bleak. Fears of a deep credit crunch caused by Silicon Valley Bank's collapse have not yet materialized, and the financial situation is much steadier. Additionally, inflation remains elevated, and with evidence of stubbornness in underlying inflation, it could be in the 4% to 5% range, far above the 2% inflation target. The markets are pricing in a 25bp Fed Funds rate hike to 5.25% at the May FOMC meeting, and given the steadiness in financial markets, persistence in price pressures, and continued decent activity, this could contribute to a further downturn in the crypto market. BTC /USDT short Entry Range: $29000 - $30500 Price Target 1: 26600 usd Price Target 2: $25300 Price Target 3: 23200 usd Stop Loss: $33500
Short
by BuySellMarketMaker
Bitcoin: Analysis and Predictions for Potential Corrections and Bitcoin, the largest cryptocurrency by market value, has once again surged past the $28,000 level amid collective gains in the wider cryptocurrency market, which has approached the $1.2 trillion mark in terms of market capitalization. Over the last 24 hours, Bitcoin has risen by about 5.6% to nearly $28,350. The current market sentiment is neutral to bearish, with the BTC price currently trading within a narrow range, with support around $27,000 and resistance around $28,600. Relative strength indicator (RSI) levels also show a bearish divergence, indicating weak buying pressure. The simple moving averages of 200 days and 200 weeks act as strong support levels for BTC. The monthly RSI is trending upwards, indicating a potential long-term rise. However, current market conditions suggest that Bitcoin may experience a bearish correction before any major rise. Regarding future scenarios, if BTC manages to break through the resistance level of $28,600, it is likely to move towards the range of $29,000 to $32,000. On the other hand, if BTC breaks below the support level of $27,000, it is likely to drop towards $26,000 or even lower.
B
by bbitar
Can Bitcoin Fill The 28K Gap ?Signs are there!Bitcoin reaching the origin of the 30K slowly while having a gap from 27500 to 28400 to fill. Bitcoin can fill this before crashing but its another 17% up move. or this could be a jebait and the crash will happen today after a small retracement to the upside to liq all the high leverage shorters BTC consolidating and holding the support (symmetrical triangle) could wick up before it wicks down Some Crypto Banks Collapsed in the past days thus people cant convert their USDT to USD , what they do instead ? They buy BTC. That is why btc pumped. will it go higher ? it might but at the end if you cannot convert ur crypto asset to fiat whats it good for ? Thank you for all the support,commend,like,boost,follow
BINANCE:BTCUSD.PShort
by pcmonk
Will Bulls push bitcoin higher ??BTC/4H Ascending Triangle with yellow uptrend line and white horizental line Please Boost,Follow,Comment if you find this informative.it really motivates me to do more,really does!!! With the ascending triangle that btc formed and the consolidation at the high of its range showing the bulls might want to push it higher ~26849 then hopefully bears will enter and smack it down. Another possibility is to hit ~26849 then do another bull retest and fill the gap from ~27400 to ~28900. The fact that we are holding here indicates we could fill the gap tomorrow on FOMC we could consolidate today as well due to tomorrow FOMC meeting.Also Liquidity wise there are some high leverage liquidity to the downside Detailed explanation and more information on video Thanks for watching
BINANCE:BTCUSD.PShort
by pcmonk