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BTC Losing 60K Support or Retracing in 3 Days? The cryptocurrency trend over the past 24 hours was sharply negative, as investors await the Federal Reserve’s interest rate projections on Wednesday. A rate cut is not on the cards, but comments about the timing and speed of the rate cuts expected later this year are eagerly awaited. The price of Bitcoin dropped 4.9 percent to $65,113 over the past 24 hours, 12 percent below its all-time high reached last Thursday. Bearish clouds, rain and even storms linger over the global crypto market in the next 24 hours and over a one-week horizon, with none of the crypto tokens covered by ATTMO being spared. Downside risks predominate in the short term but looks like some sun is about to shine on Bitcoin in 3 days, signaling a slight and potential recovery. Follow us for more crypto news and weather reports!
COINBASE:BTCUSD
by ATTMO
BTC is not an easy path for the most inexperienced!! "Bitcoin has depreciated by -12.37% since its peak on Thursday, March 14th, at 73.7K. BTC/USDT has fallen to the support level of 64.3K (25-period daily exponential moving average). From that level, buyers have defended the cryptocurrency against further declines, and it has recovered to the 69K level. At the time of writing this article, the flagship crypto is trading at 67.4K. If it closes above 69K, it could continue the bullish trend, aiming for the resistance at 73.7K and targeting the next level of 80K. Will central bank meetings impact BTC's price? The **Bank of Japan** is debating the possibility of ending its negative interest rate policy in its monthly monetary policy meeting. This comes after significant wage increases accompanying inflation. On the other hand, the **Federal Reserve** of the United States will keep its interest rates unchanged in its meeting this week, maintaining its benchmark rate at a 23-year high. Additionally, the **Bank of England** might pause rate hikes in its meeting this week, as August inflation data has been better than expected. In summary: - Bank of Japan: Possible end to negative rates. - Federal Reserve: Rates unchanged. - Bank of England: Possible pause in rate hikes. The daily technical analysis of BTC/USDT shows the MACD indicator with an ongoing red valley, which could lead to further declines for Bitcoin. However, if the 66.8K support level (0.786 Fibonacci) remains unbroken by the price, with a daily candle close above it, the price could experience a new pump toward new highs. The 25-period exponential moving average on the daily chart acted as support during the drop on Saturday, March 16th, providing relief to HOLDERS after less experienced crypto participants faced liquidation." "THIS IS NOT INVESTMENT ADVICE AND SHOULD NOT BE TAKEN AS SUCH. EACH INDIVIDUAL IS RESPONSIBLE FOR THEIR ACTIONS AS A TRADER, INVESTOR, ETC..."
Long
by CRYPTONIA5
BTC Slightly Bullish 24H ☀️; Bears Back in 3Days ☁️Cryptocurrencies regained some strength after having dropped sharply on Friday and over the weekend, with Bitcoin trading 7 percent below its all-time high (ATH) of $73,628 reached on Thursday. This volatility triggered liquidations of long positions of almost $900 million. The inflow of assets into the nine spot Bitcoin exchange traded products (ETFs) launched in mid-January is one of the factors that has driven the price of Bitcoin up over the past weeks. The price of Bitcoin increased 4.6 percent to $68,550 over the past 24 hours, and is up 32 percent over the past month. “Bitcoin started to sell off on Friday morning Asia time when Fidelity reported only $14m of inflows (for Thursday) vs. $280m the prior day. Bitcoin traded at $72,000 when the number came out. When BlackRock reported inflows of just $140m for Friday, Bitcoin sold off over the weekend. As Bitcoin broke the uptrend, liquidations were triggered, and Bitcoin fell to $65,000,” noted the Head of Research at 10x Research, Markus Thielen, who expects a further decline down to $59,000. The data analytics firm CryptoQuant points out that it’s largely short-term Bitcoin investors, those having held the token for less than five months, that are taking large profits right now. According to ATTMO, bullish sun will shine over Bitcoin in the next 24 hours. However, over a one-week horizon, bearish clouds will sweep in over a large part of the crypto universe and Bitcoin and most alts will face downside risks. Follow us for more crypto weather reports!
BITSTAMP:BTCUSD
by ATTMO
BTC Downside Risk and Bearish Trend for the Next 7 Days 🌧️The cryptocurrency trend was sharply negative over the past 24 hours, as the latest US macro data signal further reasons to delay the long-awaited rate cuts. After reaching another all-time high (ATH) on Thursday, Bitcoin fell below the $68,000 threshold for the first time since March 8. Investor sentiment dipped on the news, dragging down both stocks and cryptocurrencies. Bearish clouds have swept over the global crypto market. The negative trend will persist for the next 24 hours and week, signaling downside risks for Bitcoin, Ether and most other tokens covered by ATTMO. Only Avalanche and Polkadot are set to profit from a bullish sun and upside potential in the next 24 hours, before the bearish clouds reach them as well. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDShort
by ATTMO
BTC Rally Continues? ☀️ Week Ahead? The upward trend of cryptocurrencies continued, with Bitcoin reaching yet another all time high this morning at $73,777. The world’s largest cryptocurrency has rallied 74 percent since the beginning of the year compared to the S&P 500’s and Nasdaq’s 9 percent and the Nikkei’s 28 percent. Bitcoin will continue to profit from a bullish sun in the next 24 hours and week, indicating further upside potential, ATTMO shows. “As #Bitcoin now closes in on its final 5 weeks before the highly anticipated #halving, its price action and continued #AllTimeHigh levels are major topics. #Blackrock and #AI assets are also gaining crowd interest & having an impact on #cryptocurrency,” the crypto analytics firm Santiment said. “This Bitcoin bull market is not over,” said Head of Research at 10x Research, Markus Thielen, adding Bitcoin has the potential to climb to $146,000 by this summer. The digital asset research consultancy, however, sticks to a $125,000 price target. The price of Bitcoin rose 0.5 percent to $73,326 over the past 24 hours. Some believe that the current rally is driven by a wider adoption of crypto assets following the approval of spot Bitcoin exchange traded funds (ETFs) in the US. The approval has been seen as an endorsement of digital assets by the regulator. “All of a sudden, the US has broadly embraced Bitcoin… Americans like Bitcoin and digital assets. This will be an issue for the Democrats . Baby Boomers are putting in small amounts in ,” Mike Novogratz, the CEO of the crypto Investment firm Galaxy Investment Partners told CNBC. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
ETH - Up or Down Post Dencun Upgrade?The highly awaited implementation of Ethereum’s Dencun upgrade just happened. It will not only drastically cut the Ethereum blockchain’s transaction costs (gas fees), but also optimize data storage. Read more about the upgrade’s positive implications for users, developers and the Ethereum ecosystem as a whole here. The price of Ether rose 0.8 percent to $4,058 over the past 24 hours. The bullish sun continues to shine over large parts of the global crypto market, including Bitcoin and Ether, in the next 24 hours and week. This signals further upside potential, according to ATTMO. Avalanche bucks this positive trend and will face bearish clouds or downside risks in the 24 hours ahead. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
3
XRP USDT - RİPPLE | 1H | TECHNICAL CHARTHello traders, BINANCE:XRPUSDT I have determined the formation target on the chart. I wish everyone success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck Wish you many pips PS: Thank you very much that you support me with your likes and Comments If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
Long
by TraderTilki
BTC 🌞 Upside, Timeframes Prove That the Bullish Run Continues! The crypto rally witnessed since mid-January continues unabated. The price of Bitcoin reached another all-time high at $72,800 on Tuesday, and is now up 70 percent since the beginning of the year. Parts of this massive rise has been driven by record inflows into digital asset funds such as the nine spot Bitcoin exchange traded funds (ETFs) approved by the Securities and Exchange Commission (SEC) two months ago. “BTC ETF volumes have been soaring, we’re due for a halving and the broader crypto market is following BTC's lead (as has historically been the case),” the CEO of Ripple Labs, Brad Garlinghouse, said. Ripple is the issuer of the cryptocurrency XRP, which saw its price rise 15 percent to $0.698 over the past 24 hours. Last week, weekly inflows into digital asset investment products reached a whopping $2.7 billion. This brings the total inflow since the beginning of the year to $10.3 billion, just below the record $10.6 billion inflows for the whole of 2021, CoinShares reports. A bullish sun will shine over both Bitcoin and Ether in the next 24 hours and week, indicating further upside potential, ATTMO forecasts. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
MSTR slammed earnings beyond the parking lot LONGMSTR while Bitcoin and the whole ETF thing has caused crypto momentum had a good 4QTR23 and 8Xed the analyst's earnings estimates two days ago. The momentum is expanding as market volume is accelerating. Late afternoon the zero lag MACD showed some recyling as some early traders took cash off the table. To emphasize however, there is no sign of bearish divergence on the RSI. This has gained 25% in 3 days. Anyone into the prices needed to acquire options contracts could consider looking for an option using their own typical selection criteria. There are others who as price is overextended and it will fade. They say the same thing about NVDA. For me, I will take a trade here even if the continuation is short lived. At the end of the day, Bitcoin could go to MIL:1M per each as some of those with crystal balls forecast. See also small cap miners BTBT BTCS Cleanspark HUT and some middle caps in RIOT and MARA. It's a buyers' market right now but only if you do not chase. Look on a low time frame for an oversold undervalued intraday moment and take your trade !
NASDAQ:MSTRLong
by AwesomeAvani
1
Bitcoin to $100KOverview Bitcoin is the best litmus test for the crypto market. Whenever I can't get a read on a particular token, I refer back to Bitcoin. After reviewing the chart I believe Bitcoin is on route to $100K. Honestly, I wouldn't be surprised if it rockets pass this price and hits the next key Fibonacci level around $150K but that is months down the line. For now I'd like to stick with a March '24 prediction. Trading Patterns Bitcoin appears to be setting up for an Inverse Head & Shoulders or a Cup & Handle pattern. While both are bullish signals it does imply there will be a temporary dip in the price before further buying volume ensues and takes it to new highs. Scenario 1 (Inverse H&S) An Inverse H&S could result in a correction back to $35K-42K if it comes to fruition. Scenario 2 (Cup & Handle) A Cup & Handle could result in a correction to the same range with a more likely price target near 42K. Supporting Theory You may be wondering what the white vertical line is in both of the trading pattern scenarios. It marks the next FOMC meeting which occurs on 19-20 March 2024. I believe a significant correction is going to occur within the equity market following this meeting and while its timing in relation to the development of these trading patterns could be coincidental, I believe it supports the idea that the crypto market may also experience a drawback. Now I think it goes without saying that I don't believe these corrections will be a market reversal back into a crypto winter. I just believe the FOMC is going to finally make changes regarding the Fed Rates and that, when it does, regardless of whether they are increased or decreased the large investors are going to withdraw for two reasons: 1) Realize profits 2) To get a feel for the direction of the market moving forward Once the second condition has taken place then I believe both the equity and crypto markets will continue their rallies as the "whales" reinsert their liquidity. March Price Prediction Everything aside, I believe Bitcoin will continue to grow for the next week or two. While there is not much room left before the prior trading patterns would need to see a correction, I believe that Bitcoin could reach 69K before the next FOMC meeting.
COINBASE:BTCUSDLong
by Shepherd_Investor
1
$0.000015 In Sight?Shiba Inu token has been grabbing momentum as of late. On the 1W and 1D charts, a distinct W is beginning to form with us being a little above the second trough at the time of this idea. I drew a crude Fibonacci retracement -- it is crude because I am not 100% that I am using the retracement tool accurately BUT there are three fibonacci retracement levels that show strong correlation to prior resistances and supports -- 78.6%, 50%, and 23.6%. If Shiba Inu's price can break through the resistance presented at 23.6% then the next major resistance appears to be at the 50% Fibonacci level, then the 78.6%, and then finally arriving at a bountiful price target around $0.00001587. According to the chart's timeline, this could take up to three months to complete at its current pace which presents two possibilities: Bitcoin ETF gets rejected and the crypto market experiences a news-propelled crash. Corrections will be inevitable in any market but, in my opinion, the Bitcoin ETF getting rejected could send us back to prior lows or at least close to it. Bitcoin ETF gets approved and the prior price target of $0.000015 may arrive sooner as well as be too conservative. Traders should remain cognizant of macroeconomic news and Bitcoin ETF updates as they can render a trading pattern invalid at any moment. However, should everything remain status quo and the market outlook remain positive, it is my personal opinion that this trade can benefit both short and medium term holders. Traders should practice good habits by increasing Stop-Losses with market gains and watching the volume to avoid entering or exiting a trade too soon. COINBASE:SHIBUSD
COINBASE:SHIBUSDLong
by Shepherd_Investor