PHundal

PHundal

Bitcoin is currently trading green for the week, where it currently sits at US$96,700. The Bollinger bands are continuing to compress, indicating that the price range of which Bitcoin is trading is narrowing. Should we get a kick in volatility in the coming days, below are some potential outcomes. Sentiment in crypto markets have taken a hit in recent...

PHundal

14th of February 2025 •XRP and BNB leading, as Bitcoin trades flat in the last seven days. •Headline inflation metrics in the US land above expectations. •Impactful data point to watch heading into the end of February. --- A big week of headlines and events, particularly out of the US, have netted very little change in Bitcoin’s price. Bitcoin is down...

PHundal

We've just sealed the deal with a new higher high on the weekly time frame. This is a big deal in my eyes. From here I would like to see the market re-accumulate into October to set up a trending environment for the rest of the year. Areas I like are shaded in green. It all really depends how hungry the market is for BTC once we get to each level as to...

PHundal

The markets have rallied impressively this week, with Bitcoin surpassing $60,000 USD early this week and altcoins following. The total crypto market cap has increased by 11% in the last seven days to to $2.32 trillion USD. Ethereum has gained 5.3% this week amid growing speculation that US Exchange-Traded Funds (ETFs) are nearing a launch date, with some...

PHundal

Sure, here's a clearer and more polished version of your text: --- The question on everyone's mind, especially after the recent bloodbath across altcoins, is: Could prices go lower, or is this the bottom? While anything is still possible, this chart offers some interesting insights. This is the TOTAL3 chart, which excludes BTC and ETH, and also removes...

PHundal

Since our last update, Bitcoin has moved under the most recent range of lows where it currently trades. We are now at a point where we wait to see who’s in charge, will it be the bulls or bears? Bullish Scenario Having now moved outside the current range, seeing buyers step in to bring the price back above $66,000 USD would reclaim this range. Bearish...

PHundal

Using Fibonacci extensions, if we are currently accumulating at these lows, we could see the following bullish and bearish moves. Bullish scenario A move above the 0.618 Fibonacci ratio ($3.067) would again create a structurally higher high and potentially set up moves to the higher key levels. Bearish scenario Failure to break about this current high or...

PHundal

Bullish scenario A push back above the 0.618 Fibonacci ($174.20) would be a good sign for the bulls. This would also create a new higher high. From there, we could then see market participants target previous highs of $210.18, and then the Fibonacci extension levels of $235.80 and $268.38. Bearish scenario Failure to garner any attention from the market,...

PHundal

While there have been lots of wins on the fundamentals and adoption of Bitcoin globally increasing. There is still more to be desired from a technical perspective in my opinion. This chart might look busy, but the outlook from here is quite simple for me. Let me break it down. Why I think its weak Price has on the 21st of May (Orange circle) failed to remain...

PHundal

Stablecoin fundamentals could help shine a light on what's next for #bitcoin. Periods, where USDT market-cap growth falls to zero on my index, have consistently been turning points for Bitcoin, typically leading to rallies higher. In my opinion, we are at a point similar to Feb 2024. 👉If liquidity starts to grow in stablecoins, we could see the next leg higher start.

PHundal

Since my last update, Bitcoin has successfully defended the range lows, and importantly reclaimed the mid-range where we currently trade just under $70,000 at the time of writing. From here we would want to see if the bulls are still in control - below is my take on where we could venture next. Bullish Scenario Prices hold and push for the range high’s. We...

PHundal

Techically speaking, BONK is one of the most bullish charts I am looking at, again just my persepctive. We are close to all time highs, and memecoins continue to be leading the market when Bitcoin recovers. We’ve see PEPE be a big winner this week as well. Below are some thoughts on BONK using Fibonacci analysis. Bullish scenario BONK needs to get above...

PHundal

Ondo - ONDO Sitting in the real world tokensiations of assets category, ONDO is technically already above this key 0.618 ‘golden-ratio’ area. Below are my bullish and bearish thesis from here. Bullish scenario Prices continue to consolidate, accumulate, and move higher to the previous high, the 1.272 ratio and 1.618 ratio from here. Bearish scenario ...

PHundal

Crypto markets have so far shown resilience after what has been an eventful week to-date. On the 1st of May we witnessed Bitcoin trade below both the March and April lows, where we then saw four consecutive days of buying resulting in a 14% rally back to $64,500 USD. 👉The next few days will be key in understanding if the bulls will continue to show up, we...

PHundal

Good structural areas pre-market open for a potential bounce. Funding rates have been normalised for some time now and the halving is less than 30 days away. Invalidation = a new lower low below the current range lows.

PHundal

TOTAL3, an indicator of altcoin market capitalisation excluding Bitcoin and Ethereum, has made a significant move🔔. We've breached and closed above on a weekly timeframe some serious key levels. And are above the Bear Market high. By surpassing and maintaining above the bear market high on a weekly timeframe. While this doesn't mean we won't see a pullback...

PHundal

After the recent sweep of BTC highs last week, it's only natural for the market to go lower to find a liquidity level where buyers step in. In this chart the key lows are tagged in blue. Time will tell which level will generate some kind of buyer conviction. If neither hold, we do have the previous weekly high breaker block in grey. This is our higher time frame...

PHundal

As we stand just 120 days away from the upcoming Bitcoin (BTC) halving event, the cryptocurrency community is witnessing a significant and meaningful run-up in anticipation. This halving, is a pivotal moment in the Bitcoin network's history, as it reduces the block reward by half. A deflationary event. The previous halvings in 2012 and 2016 were catalysts for...