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BTC Bitcoin Price Target after Court approves FTX Liquidation Given the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for BTC Bitcoin is $23700. Looking forward to read your opinion about it.
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by TopgOptions
BITCOIN Moving Lower to $21,500BTC Weekly Quick Analysis What Seems Legit? A move lower. Look bruv we gotta get honest here. We want a BTC Moonsoon too, but, BTC broke it's trend line lower on a clearly defined candle. It has retested and rejected the trend line with selling pressure; the candle hasn't closed but it's not looking good bruv. The RSI has a clear divergence from the price and has also moved below the 50 level. and.. it's retesting our only hope of a support.. again. Chart Key Yellow Solid = Major Trend Line Aqua Solid = Divergences White Dotted = Support / Bounce Area Green Boxes = Supports / Target Areas
INDEX:BTCUSDShort
by Seems_Legit_Research
BTCUSDT: Starts its Declining Phase, Fear Over Regulatory RiskHi Fellow Traders, Here's a Technical outlook on Bitcoin! Technical Analysis BINANCE:BTCUSDT has broken out of the double-top pattern. Subsequently, the price retested the neckline of the double-top pattern while simultaneously forming a rising wedge pattern. A potential breakout scenario of the pattern suggests an impending downward movement. The MACD indicator has confirmed this possibility by forming a death cross, indicating a likely decline toward the target area. Fundamental Drives Binance and Coinbase are currently facing regulatory actions by the U.S. Securities and Exchange Commission (SEC), which is causing fear among crypto investors. This fear has been manifested in a substantial and ongoing downward movement of cryptocurrencies to date. The fear may persist until the case is resolved. The roadmap will be invalid after reaching the target/resistance area. Support the channel by smashing the rocket button and sharing your opinions in the comment below! "Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the BTCUSDT"
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by financialfreedomgoals101
2
Binance Coin | A dormant Whale Sold 10,000 BNB tokens !If you haven`t sold BNB at the resistance, here: Then in my opinion Binance Coin (BNB) faces significant challenges that could potentially impact its price negatively. The first factor is the ongoing investigation by the U.S. Securities and Exchange Commission (SEC) into Binance and its CEO Changpeng "CZ" Zhao. Regulatory scrutiny can create uncertainty and potentially lead to a decline in investor confidence, affecting the price of BNB. Furthermore, After remaining inactive for a period of two years, a significant whale recently sold 10,000 BNB tokens at a price of $230, amounting to $2.3 million. What's interesting is that this particular whale was previously involved in the SAFEMOON cryptocurrency and managed to generate a substantial profit of 110,000 BNB tokens, equivalent to $47.5 million at that time, with an initial investment of just 10 BNB tokens, valued at $2,400 back then. Based on the information above, with the SEC investigation and the selling pressure from whales, a price target of $220 is reasonable, in my opinion. Looking forward to read your opinion about it!
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by TopgOptions
1
XRP 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. XRP/USDT short Entry Range: $0.45 - 0.51 Take Profit 1: $0.40 Take Profit 2: $0.36 Take Profit 3: $0.32 Stop Loss: $0.60
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by BuySellMarketMaker
Is Bitcoin going to crash again?Hello Traders , welcome to the Bitcoin chart. Everyone around the world is bullish on bitcoin, but my views are totally different. After the bullish surge, everyone thinks we entered in the bull run but we are not. As you know the charts speaks, So in charts BTC is going to crash again and we are building a bottom right now . There's so much going on in the market. It's the bull trap i can say. As you see there is a massive impulse in the charts from last few weeks, now you'll see the aggressive drop. The whole crypto market is going to crash again in couple of weeks. Let it play out, don't get panic. Let it play out - this will mark the beginning of bull run. I'm not buying and waiting for the bottom. In my portfolio there are coins, which will give 10-12x in next bull run. If you want to maximise your portfolio , leave a message. Trade Safely.
by Mrshazee
2
FTX Post Mortem - Observational HindsightWell well, what a crazy ~10 days it has been. There were many many warnings before the rug pull that FTX ended up being (Marc Cohodes, was ringing the alarm bells for months on end and I was naïve enough to think he may have been wrong). Anyway, my previous assumptions of the bottom being in were invalidated. In hindsight, this outcome, which I had considered in the past, eventuated. I did mention in one of my analysis's that a wick down to ~14k region was possible. We didn't quite get that low, but we did wick down on the weekly to close to 15k flat. What interesting to know is the level of confluences here. Firstly, we had a massive head and shoulder topping pattern. There's a measured move, as you can see, of 50% .. we just dropped 50% from the neckline in totality. Then you have the 50% fib retracement, and a multi-year trend line, all coinciding in the one area. I do firmly believe that had the FTX debacle not eventuated, we would've seen a nice rally along with stocks this week. It almost seems like one major PsyOp that FTX came crashing down this week, to give the market one final push down, after a lot of alt coins were breaking out of their downtrends and the DXY / US Dollar breaking down from it's up-trend, signaling that the market was about to turn bullish for risk-on assets. CPI came in lower than expected, and the broader stock market rallied. Perhaps this is the 'decoupling' we wished for. Just in the wrong direction. BTC is still vulnerable to overall macro-economic headwinds and tailwinds, and if this area doesn't hold due to an exogenous event such as another major failure (USDT / USDC implosion, contagion, etc) then all bets are off and we could drop to the next support around 14k. Otherwise, if none of those eventuate, then from here, I would assume, slow upwards movement, or choppy movement, until around April 2023. Other interesting observations here.. It's been exactly 1 year since the ATH was formed. Exactly 2 years since BTC traded out the price level that it corrected to when all of this unfolded. From here, I would hope we reclaim above 18.5k region soon. For those who lost significant amounts of money on FTX, I sympathize with you, I too lost quite a bit on there, but was luckily spooked months ago and moved the majority of my funds off. One concern I have, is that the 50 and 200 Weekly SMA looks like it could cross early in 2023. This would be the first time in Bitcoins history. A reversal in momentum would perhaps prevent this from happening.
INDEX:BTCUSD
by TheTraderAndy
Solana SOL Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My Solana SOL Price Targets: SOL/USDT short Entry Range: $19 - 21 Take Profit 1: $16 Take Profit 2: $13 Take Profit 3: $9 Stop Loss: $24
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by BuySellMarketMaker
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EGLD/USDT Technical Analysis and Price PredictionTechnical Analysis of EGLD/USDT: EGLD is currently trading at $41, which is 93% down from its all-time high. Despite many influencers claiming that it would reach $1000, investors suffered significant losses due to their funds being liquidated. In my opinion, EGLD is likely to experience further downward trends, and it may test the $27 level, resulting in a 34% drop from its current value. I remain bullish on EGLD only if it surpasses the $52 level. In bear markets, smart traders buy the dip and sell in bull markets. At present, both the RSI and MACD indicators are bearish. The critical levels to watch for are $27 for support and $52 for resistance. If you appreciate my analysis, please like and share it. To stay up to date on the latest crypto real-time updates, be sure to follow me. Thank you.
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by CryptoPatel
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VIX: Another Warning Sign!Hello friends, today you can review the technical analysis idea on a 1M linear scale chart for the Volatility S&P 500 Index (VIX). In this chart, you can see the VIX moving along a support trendline. When the VIX spikes upwards that means the markets (specifically S&P 500; generally all markets) start to move downwards. Every few years the VIX starts to slowly move upwards on a new support and resistance trend line before coming back down to the bottom support line. The current structure of the VIX looks very similar to the formation of the Great Recession so I show that on the chart as a possibility. I also note two support and resistance lines which the VIX could move on as it moves higher. Lastly noted is the RSI which is moving up a support line. This is a monthly chart so have some patience. I may be completely wrong with the prediction of the VIX moving higher, but with the inflation issue, global economic condition, stock markets crashing, companies preparing for a downturn, interest rates moving higher, the US Dollar Index (DXY) moving higher and crypto market crashing, I would assume my prediction may be on point. Click on the chart below on why I exited the crypto and stock market in December 2021: If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
CBOE:VIXLong
by MillionaireEconomics
10
BTC down move over?tried to make this as non complicated as possible so if you look at circles it should help. it's highly possible to go to the 1.618 (green circle) then bounce all the way to the blue line or .5 (green circle) before resuming down move to complete move to the white line 2 fib.(green circle). For longer term at beginning of chart you can see it already hit the 1.618 (yellow circle) and retraced to the .786 (yellow circle) putting white line at very bottom in play around 26k intersecting with short term 2 fib (green circle). There is one larger sequence at play but this is significant enough for now. This is the secret precise S&R lines for all liquid or illiquid trading assets cause it is a pattern based on fibs the only problem is it is fractal in a true sense not how most use the term. meaning in a daily candle you might have the pattern fully sequence 5 times on a 15 min chart and 2 times on an hour chart and once on a 4 hr chart and this is new to me so having some trouble finding what pattern it's moving on or what time frame it's honoring. Also, just cause it's a pattern it doesn't give you incite on the trend so you still have to figure if it's bullish or bearish. if anything, the pattern has taught me it's in a constant state of if..then thus always bullish and bearish at same time but of course you find what trend is with highs and lows. i'm hedging with gold. i'll post that idea as well.
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by Gamma-Rat
2
BNB Binance Coin | Prepare for a Sell-Off !Yesterday, CZ Changpeng Zhao, the CEO of Binance, was evasive when asked by CNBC if he has cash reserves to cover $2.1 Billion from the FTX collapse. I don`t believe he has the money. I think BNB Binance Coin has come a long way. it was fun. My first investment in it was in 2019 around $6.5 to catch the MATIC ICO exclusively on Binance. Now the volume is decreasing while the price is still holding. I predict a selloff is about to come! Write me your price target!
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by TopgOptions
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Is Silvergate the Next Crypto Company To Fall?Who are Silvergate? 
They are a crypto bank and much of their business is from large crypto investors who use Silvergate as a middleman to buy crypto from exchanges. 

They work with most, if not all major crypto exchanges… including FTX.
 Strong links to FTX & SBF
 Sam Bankman-Freid endorsed them, particularly their “risk management” department… we all know about SBF’s risk management credentials.

 FTX held some deposits at Silvergate in what’s known as an omnibus account—meaning the assets belonged to FTX customers. It was FTX’s responsibility to keep a ledger tracking the underlying customer assets, a common setup for firms that aren’t banks themselves.
 Silvergate wouldn’t have had visibility into the omnibus account to know whether FTX or its underlying customers were moving assets, people familiar with the relationship said. FTX has halted withdrawals, and Silvergate has told customers it cannot take direct requests to withdraw from the FTX accounts. My Fears 
-Contagion of FTX could spill over into this stock
... - It is the second-most heavily shorted regional bank -“No bank in the world can honor every deposit held on its balance sheet with cash” - analyst Michael Perito - Bank of America Quote
“After earnings, we posed the question: ‘Is the worst behind them?’” Bank of America analysts wrote in downgrading the stock. “We were wrong.”
 - Morgan Stanley has once again lowered its 2023 EPS estimate for Silvergate Capital (NYSE:SI), arguing that the digital asset-focused bank faces a "wide range of outcomes and risks" from the demise of crypto exchange FTX.
 - Silvergate (SI) disclosed last week that its average quarter-to-date digital customer deposits slid to $9.8B (excluding FTX deposits) as of November 15 from $11.9B on September 30.
 - Manan Gosalia, an equity analyst at Morgan Stanley, estimated that Silvergate's (SI) digital deposit balances for quarter-end will drop further to $5B
So this would mean they are down 64% in deposits from the start of the year… 
 - Founder of EOS Developer Block.One Buys 9.3% of Crypto Bank Silvergate
... Why does the company need to sell nearly 10% of its equity? It seems a very coincidental time to be selling stock. 
Does it need to raise capital?
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by JoelWarby
Bitcoin Bottom is not in, still in a Bear MarketBased on Bitcoins history I believe we will see bitcoin at a lower price, I have no idea what will be the bottom but my best is that it wont go below $8,500 so that would be the best buying opportunity. I don't think it is possible for us to be Bullish at all until we see price break the red trend lines, until that point I would not be be bullish. We could either keep dropping now or have sideways price action for a while or even a small pump to $18,000 but that would be it, I think we will definitely see lower lows for bitcoin very soon.
COINBASE:BTCUSDShort
by DannTA
1
Doubling up on my 12k predictionWhat a wonderful day. Criminals have started running for the exits, as the long term moving averages are actually starting to bend for the first time in Bitcoin history. The "short term" (several months) moving averages have crossed below the longer term ones too, announcing a really long and painful bear market. And no surprise average Joe's are asking me if "investing" in internet magic beans is a good idea. The typical bubble collapse. With noobs buying in the middle of A wave. You know what this means. We are very early. Assuming this is "just" an ABC correction and not a 12345 straight to 0 (which I think it is personally). We have not yet seen the big sucker rally "hurray the bears were wrong" and the C scary mega drop is far away. Bitcoin has also moved below a previous mini-bubble high for the first time. I wonder what excuses bagholders are making to cheer themselves up this time. I called 12k months ago and here we are (soon). No way in my mind this (16,000) will be the bottom. Actually I think there is not going to be a bottom. Funny how this looks exactly like the curve of a pyramid scheme (or a virus spread or a bacteria population). Oh and another exchange went to zero. What was the third largest one they say (FTX). Here is how chain reactions work: exchanges all have a huge conflict of interest and are super heavily invest in magic beans (remember how Bitfinex "secured" their clients funds by gambling on Bitcoin with their money? 🤣). Buying in a bear market is a big nono for me. You just do not know when it is going to end. Never hopefully. I just went short for fun. It can easily go up 300% but can only go down 100, so it's not that great of a deal. Emotional magic ponzi bean hodlers are whining and making up excuses again. Listening to their random "reasons to go up" is pointless. You know it all started with a reptilian brain, then came the emotional brain, and finally the cold calculating cortex. To me, bagholders in general just forgot to evolve and these sad primitive creatures are not worth my time. Although watching drug dealers, pedo wholesalers and degenerate gamblers squirm warms my heart.
INDEX:BTCUSDShort
by MrRenev
15