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ETH to Drop Further 📉; Clouds ☁️ & Rain On the Horizon 🌧️SEC postpones yet another decision on a spot Ether ETF application 🙄 The Securities and Exchange Commission (SEC) has postponed its decision regarding the application of Invesco Galaxy’s spot ETH ETF to July 5. The US regulator had already delayed its decision regarding Van Eck’s similar application to May 23 and that of Franklin Templeton’s to June 11. Few analysts expect an approval on these three dates. The price of Ether dropped 3.37 percent to $2,947 over the past 24 hours. ATTMO forecasts clouds and rain for the next 24 hours and 7 days, signaling a likely downside for Ethereum. Follow us for more crypto news and weather reports!
COINBASE:ETHUSDShort
by ATTMO
1
BTC Upside Over the Next 24 Hrs ☀; Price to Drop Next Week ☁️The price of Bitcoin rallied 3.8 percent to $59,568 over the past 24 hours. “#Bitcoin's market value has rebounded to $59.3K, and the percentage of the network's available supply in profit is at 84.4%. This CRYPTOCAP:BTC ratio is at its lowest level in 2 months. Lower levels generally justify more #bullish conditions,” the crypto intelligence firm Santiment said. But not everyone is optimistic. Standard Chartered’s Head of Digital Assets Research, Geoffrey Kendrick, forecasts that the price of Bitcoin could drop to between $50,000 to $52,000, Bitcoin.com reports. The price of Bitcoin has ranged between $56,900 and $64,400 over the past week, Trading View’s Bitcoin chart shows. Meanwhile research carried out by Fidelity Digital Assets shows that Bitcoin’s volatility is decreasing, even though the above trading ranges seem to contradict these findings. A bullish sun shines over all crypto tokens covered by ATTMO in the next 24 hours, signaling upside potential. Over a one-week horizon, the trading forecast is mixed with Bitcoin, Ether, Litecoin, Avalanche and Binance Coin set to face bearish clouds, indicating downward pressure. Dogecoin, Cardano, Ripple’s XRP and Polygon should, however, continue to profit from the bullish sun. Follow us for more crypto news and weather updates!
BITSTAMP:BTCUSD
by ATTMO
ETH Slightly Bullish 24-Hours ☀, Bearish ☁️ & Downside Next WeekIn the US, there were outflows from the spot Bitcoin exchange traded funds (ETFs) for the sixth consecutive day. “We have seen six consecutive days of outflows, and as the average entry price ($57,300) approaches the current spot price ($59,800), we will likely see more ETF unwinding. Since March 18, the ETFs have seen outflows on 58% of all trading days,” 10x Research said in its daily note. “This will likely lower prices to our target levels and cause a -25% to -29% correction from the $73,000 top - hence our price target of $52,000/$55,000 during the last three weeks,” the crypto research company forecasts. In Hong Kong, the first trading day of the spot Bitcoin and ETH ETFs approved proved to be a cold shower with only $12 million flowing into these new ETFs. Analysts had expected up to $300 million. The price of Ether fell 2.5 percent to $2,918 over the past 24 hours. A slightly bullish sun shines over Ethereum and ATTMO signals a potential upside over the next 24 hours. Over a one-week horizon, bearish clouds are likely to sweep over most of the cryptoverse putting pressure on Ethereum, indicating a potential price drop. Follow us for more crypto news and weather reports!
by ATTMO
BTC Bearish 7-Day Forecast - Drop to $55K Imminent? The cryptocurrency trend was sharply negative over the past 48 hours, triggering liquidations exceeding $500 million over the past two days. The price of Bitcoin fell below $57,000, to a two-month low, as the Federal Reserve slashed  hopes of rate cuts any time soon. Inflation remains stuck at high levels, the Fed’s Chairman, Jerome Powell said, after keeping the US’ central bank’s benchmark rate unchanged at a 23-year high. An interest rate cut have is not likely to take place before September. Analysts now await the release of the US April job figures tomorrow afternoon. The number of new jobs created is expected to have slowed down to 243,000 compared to March. The price of Bitcoin lost 4.3 percent to $57,500 over the past 24 hours, to a level not seen since the end of February, Trading View’s Bitcoin chart shows. 🌤️ Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with bearish clouds lingering over Bitcoin, Cardano and Binance Coin, indicating further downside pressure. A bullish sun will, however, shine over Ether, Avalanche, Ripple’s XRP and many other altcoins covered by ATTMO. 🌥 Over a one-week horizon, bearish clouds are likely to sweep over most of the cryptoverse putting additional pressure on Bitcoin, Ether, Cardano… Dogecoin, Polkadot and Polygon are set to buck this negative trend as bullish sun is forecast to shine over them over the coming week.
BITSTAMP:BTCUSDShort
by ATTMO
BTC drops further in the next couple of days; rebound next weekThe cryptocurrency trend was mixed over the past 24 hours ahead of the Federal Reserve’s interest rate decision tomorrow. The benchmark interest rate is expected to be left unchanged at 5.25 percent; a 23-year high. Investors will instead carefully analyze the wording about its future path. Some analysts expect three rate cuts later this year, while others forecast one or none as inflation concerns have reemerged in recent weeks. High interest rates do not support risky assets such as cryptocurrencies. Meanwhile, the outflows from the largest spot Bitcoin exchange traded funds (ETFs) approved in the US continued for the fourth consecutive day. Last week, digital investment products (including the above-mentioned ETFs) saw outflows for a third consecutive week, the asset manager CoinShares reports. The majority of the outflows were recorded by the incumbent Grayscale ETF, GBTX, which was converted into an ETF in January. The price of Bitcoin has dropped almost 10 percent over the past month, Trading View’s Bitcoin chart shows but rose 1.3 percent to $63,128 over the past 24 hours. Bearish clouds linger over Bitcoin, Litecoin, Ripple’s XRP, Cardano, Avalanche and the other altcoins covered by ATTMO in the next 24 hours, signaling downside pressure. The sun will break through for Bitcoin not before the next week. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDShort
by ATTMO
ETH to 2,800 in the next 3 days ☁️, then rebound?May approvals of spot ETH ETFs in the US seem out of question. The meetings held between the asset managers that have filed spot Ether ETF applications and the Securities and Exchange Commission (SEC) have been one-sided and discouraging, CryptoSlate reports. This is in stark opposition to the meetings held ahead of the SEC’s approval of spot Bitcoin ETFs in January, when the regulator had provided significant feedback on the applications. The price of Ether dropped 3.4 percent to $3,208 over the past 24 hours. ☁️  Bearish clouds linger over the global crypto market, including Bitcoin and Ether, in the next 24 hours, indicating downward pressure. Over a one-week horizon, this low pressure will remain over Ripple’s XRP, Litecoin, Cardano, Binance Coin and Uniswap. 🌤️ Bullish trading conditions will, however, prevail over Bitcoin and Ether in the coming week, as the sun manages to break through the bearish clouds, ATTMO shows. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
1
BTC down for the next 3 days ☁️ upside potential only next week The price of Bitcoin fell 2.4 percent to $62,416 over the past 24 hours. Its price now trades 15 percent below its all-time high reached 1 ½ month ago, Trading View’s Bitcoin chart shows. Plans by the Swiss cryptoverse to push for the addition of Bitcoins to the alpine country’s currency reserves seem shattered following comments made by the head of the Swiss National Bank. Thomas Jordan not only expressed skepticism during the SNB’s annual general meeting held last week, but also added that adding Bitcoin could raise the country’s CO2 emissions. ☁️  Bearish clouds linger over the global crypto market, including Bitcoin and Ether, in the next 24 hours, indicating downward pressure. Over a one-week horizon, this low pressure will remain over Ripple’s XRP, Litecoin, Cardano, Binance Coin and Uniswap. 🌤️ Bullish trading conditions will, however, prevail over Bitcoin and Ether in the coming week, as the sun manages to break through the bearish clouds, ATTMO shows. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDShort
by ATTMO
BTC Short-Term Bearish ☁️, Upside Potential Next Week ☀️Cryptocurrencies traded mixed over the past 24 hours, as investors are awaiting news that could give a clear direction to the cryptoverse following Bitcoin’s halving a week ago. Its price has since then risen 3.2 percent, Trading View’s Bitcoin chart shows. Yesterday, the 71-day streak of consecutive inflows into BlackRock’s spot Bitcoin exchange traded fund (ETF) NASDAQ:IBIT ended. Its ETF has nevertheless managed to attract a staggering $17.7 billion in assets under management since its launch in January. The price of Bitcoin was unchanged at $64,345 over the past 24 hours. ATTMO forecasts mixed trading conditions for the global crypto market in the next 24 hours, with Bitcoin, Litecoin, Cardano and Avalanche facing bearish clouds, signaling downward pressure. A bullish sun, however, shines over Ethereum, Ripple’s XRP and Polygon, indicating a potential upside. Over a one-week horizon, this bullish sun will also shine over Bitcoin, Litecoin and Polkadot. Bearish clouds will linger over Binance Coin, Uniswap, Cardano and Avalanche. Follow us for more crypto news and weather updates!
by ATTMO
BTC ☀️ & Bullish Vibes On the Horizon. $70K Again? The cryptocurrency trend was mixed over the past 24 hours, as investors await the quarterly results of a series of tech giants later today and this week. The price of Bitcoin rose 0.6 percent to $66,490 over the past 24 hours. This is 10 percent below its all-time high, Trading View’s Bitcoin chart shows. “I think we’re just getting started and bitcoin is going to have a great next 12 months,” Bitwise analyst, Ryan Rasmussen, is quoted as saying by Bitcoin.com. However, the regulatory risks should not be underestimated, he added. A bullish sun shines over most of the global crypto market in the next 24 hours. Tropical trading conditions prevail over Bitcoin, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks. Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds. Follow us for more crypto weather reports and crypto news!
BITSTAMP:BTCUSDLong
by ATTMO
ETH - ☀️ & Slightly Bullish for the Week AheadLast week, three issuers obtained approval to launch spot Bitcoin and Ether ETFs by Hong Kong’s Securities and Futures Commission (SFC). These new funds will start trading on April 30, according to various sources, including 10x Research. The approval of the first spot ETH ETFs in the US next month does, however, seem unlikely. “Eerily quiet on spot eth ETFs… Consensus is SEC will disapprove in May. Reason = lack of engagement w/ issuers. Logic says that’s correct, but also wonder if SEC learned lesson from clown show w/ spot btc ETFs. Either way, options are either A) approve or B) face lawsuit IMO,” said Nate Geraci, the co-founder of the ETF Institute. The price of Ether fell 1.1 percent to $3,187 over the past 24 hours. A bullish sun shines over most of the global crypto market in the next 24 hours. Mostly sunny trading conditions prevail over Ethereum, which translates into a slight upside potential. Ripple’s XRP, Avalanche and Chainlink face bearish clouds, signaling downside risks. Over a one-week horizon, the bullish sun should continue to shine over the cryptoverse, with the exception of Binance Coin and Uniswap, which all face bearish clouds. Follow this account for more crypto news and weather reports!
BITSTAMP:ETHUSDLong
by ATTMO
1
BTC - ☀️ & Bullish Potential For The Next Week A very strong sun shines over Bitcoin and Chainlink in the next 24 hours, indicating some upside potential lying ahead. Other altcoins, including Ether, Ripple’s XRP and Cardano will also profit from this bullish trend, while Litecoin and Uniswap face bearish clouds. These sunny bullish trading conditions should prevail over the cryptoverse the coming week, as leading tech companies will announce their quarterly results. Avalanche, Binance Coin and Uniswap won’t profit from this bullish mood and face bearish clouds, which signal downside risks. “A massive supply shock is coming. With the Bitcoin halving, miners can now only produce 450 BTC each day. The ETFs in the US have bought up around 3,214 BTC on average each day. This number could increase significantly when Hong Kong ETFs start trading,” the crypto profile Lark Davis said. Analysts at leading banks disagree on whether the price of Bitcoin will continue up following Friday’s halving. Deutsche Bank expects prices to “stay high due to expectations of future spot ether (ETH) ETF approvals; future central bank rate cuts; and regulatory changes” but do “not expect them to increase significantly,” Bitcoin.com reports. Follow us for more crypto news and weather reports!
BITSTAMP:BTCUSDLong
by ATTMO
BTC.D is an important aspect of the markets to watch right now.While BTC is making new lows today on this pullback - many alts including eth and solana are above their Saturday lows still. Reason being- BTC.D rejected off the 57% level and is pulling back today, which has been allowing alts to hold stronger than BTC itself. This could go two ways from here— now that BTC.D is at support, it either bounces and alts begin suffering once again, or it moves down to the 55% level and if lost, could provide some nice altcoin bounces in the next coming weeks if BTC can at the very least chop sideways Bitcoin dominance is an indicator that has served me well over time as you all have seen, and i encourage you guys to check it out every once in a while.
CRYPTOCAP:BTC.D
by GeorgeZoros
ETH Faces Bearish ☁️ & 🌧️ In the Next 7 Days - CAUTION! Eight of the top 10 best performing ETFs last week were digital currency funds, largely led by Ethereum futures funds, eft.com writes in its daily note. The best performing fund was ProShares’ Ether Strategy ETF (EETH), which gained 12 percent. This ETF manages a total of roughly $63 million in assets. EY, one of the four major accounting firms, has launched a contract management solution based on Ethereum’s blockchain, CryptoNews reports. “Deploying on a public blockchain is not only cheaper, but also much more scalable, helping enable many-to-many integrations on an open platform with no one company having an unfair advantage by controlling the network,” EY’s global blockchain leader, Paul Brody, is quoted as saying. Mixed trading conditions lie ahead for the global crypto market in the next 24 hours, with bearish clouds linger over Ether, Avalanche and Uniswap, signaling downside risks. However, Bitcoin, Binance Coin, Cardano and Ripple’s XRP will be profiting from a bullish sun and upside potential. Follow us for more crypto news and weather reports!
BITSTAMP:ETHUSDShort
by ATTMO
1
Bitcoin Q2 2024 Outlook - ElaborationHello guys, today I am back with an Elaboration on my previous Q2 Outlook ↓↓↓ With halving in front of us and all the hype it brings in, I can see mostly people who think that after halving we have to go to ATHs no matter what. So I decided to bring counter points to their views with reasonings as to Why I am currently more bearish than bullish. If you are interested in Why, you should definitely keep reading. As I stated previously - " My Base Expectation for now is that this MAY(June/Q2), MAY be the worst time to become a Buyer/Bull for a prolonged period of time as we potentially already reached our TOP. That is because, as I mentioned in the Q1 Outlook: "6. - !!! New REAL Bullmarket didn't Start until Interest Rates reached their bottom rate !!! Note, this time can be different due to inflation & elevated price levels, which cause more money in rotation, but IT SHOULD NOT change base line of reverse expectations when the correct time comes -> 1. FED start cutting, 2. FED stop (is DONE) with cutting, 3. bottom Rate is found" " and to that statement, I would add today one more - 4. until FED start expanding their balance sheet/start printing money. and my position in that still has not changed - Why? Simply, nothing changed. Everything I was expecting to happen happened and Price is still doing exactly what I was expecting it to do. So no matter if there is halving or any other kind of narrative which may suggest that "if you don't jump in right now, you lose your opportunity", I will still stick with what in my opinion are real moving forces behind the markets - current economic environment and Central Banks agendas. So, this is what happend in our prior case: I believe the most important part of the whole process is the MONEY PRINTING PART (4b). Today we have not even reached the Cutting process (1) yet. Some may say, that it should be a point for bull case scenario and I would agree. As I said, we may see a price rally until Cutting starts. BUT I believe we need to pay attention as well to What happened before this process starts. If you break the chart down, you would see that the Price Topped & dropped Before Cutting started, in expectation of it happening. And that is exactly where we may be Today! I am not saying it has to happen the same as it did in our prior case, BUT I believe everyone should pay more attention to it. If you look closer at the chart, you can see that when Price starts to elevate, most of the time it takes Inflation with it. That is exactly opossum of what the is FED trying to achieve because it could bring even more pressure on the FED in their decision making. Potentially it could cause a scenario in which we have still High Interest Rates but FED is unable to print money due to High inflation. That could cause a fear of recession or recession scare which is terrible for markets price wise, but it is as well a great buying opportunity at the same time. So, until there is some significant development in the areas I mentioned, I would suggest to everyone to stay cautious! Hopefully, this elaboration was helpful for some of you in further market navigation. If YES, please consider liking or sharing this post, it would mean a lot to me. Also, if you are interested in more updates or you would like to receive more predictions with lower time frame updates daily, let me know in the comments or DM. Best Regards, Joe
INDEX:BTCUSD
by cryptocapitaltrading
BTC/USD Buckle Up for the Rollercoaster Ride!Hey there, crypto comrades! It's time for another wild ride through the Bitcoin rollercoaster – grab your helmets and strap in tight! So, let's rewind a bit and revisit our last analysis. We talked about the harmonics pattern, the testing of support zones, and all that jazz. But guess what? The plot thickens! With recent developments shaking up the market, it's time to roll up our sleeves and dive back in. Picture this: Weekly charts flashing higher highs, daily charts giving us not one, not two, but three touch retests of the almighty $60k support (aka the previous ATH). It's like watching a high-stakes poker game unfold, and we're all in! Now, here's the million-dollar question: Are we ready to enter the fray? Well, it's decision time, folks. Sure, there's still a chance Bitcoin could take a nosedive down to $30k – but hey, where's the fun in playing it safe? Yours truly is throwing caution to the wind and making a move. Call me crazy, call me brave – but hey, fortune favors the bold, am I right? But hey, let's not forget the golden rule: Always trade responsibly, folks. This ain't no game of Monopoly – it's real money on the line. So, if you're feeling adventurous like yours truly, go ahead and take the plunge. But if you'd rather play it safe, nobody's judging – except maybe the crypto gods! And hey, just a little reminder: While we're busy riding the Bitcoin wave, don't forget to keep an eye on the news. You never know when Elon Musk might decide to tweet something that sends the market into a frenzy! So, here's to the thrill-seekers, the risk-takers, and the crypto enthusiasts – may the odds be ever in our favor! Keywords: BTC/USD, trading update, Bitcoin analysis, support zones, resistance levels, risk management, trading decisions, volatility, investing, cryptocurrency news, rollercoaster ride, probability, dollar-cost averaging, trading advice.
BITSTAMP:BTCUSDLong
by PlutusX
Crypto Has Bottomed! Buy Now!I've been tracking this Elliott Wave count for some weeks now including other coins. We have an obvious 5 waves carved and RSI divergence on the daily/weekly. We now have all the characteristics of a Wave C decline with very rapid price movement declining over the weekend. The Wave 4 bottom was taken out, which can be a spot for liquidity before moving higher and also at the 0.382 Fib level. I am expecting prices to go to $34-$38 next, which will be the 1.618 fib extension of this entire 5 wave move and a previous high where I would expect liquidity to be present.
Long
by adriel.arrasmith