This is what will happen next: 1. Bitcoin starts ranging 2. BTC dominance drops 3. Money moves to $ETH & Alts 4. ETH breaks ATH 5. Money flows to Alts 6. Alts starts sending hard 7. Then we see epic ALTSEASON 8. We take profits and retire our family.
The reason why we had this retracement from $73.8k to $67k is the big selling pressure in the range $73.8k-$75k.
Bitcoin touched that range and that selling pressure brought it down. Now that we have the ETF it is just a matter of time to exhaust that range and push for higher price.
Let’s give the ETF some days to exhaust that pressure, and then we will back on track
The Global crypto market cap is $2.45T⬇️, thereby experiencing a bearish trend where many crypto-tokens prices drop. Crypto fast price updates here for you👇 Bitcoin (#BTC): 65,110.25 USDT 🔵-2.88% Ethereum (#ETH): 3,376.20 USDT 🔵-3.13% Bitcoincash (#BCH): 371.00 USDT🔵-4.55% Litecoin (#LTC): 81.40 USDT🔵-1.02% Chainlink (#LINK): 17.45 USDT 🔵-4.06%
#bitcoin spot ETF netflows are slowing. Demand may rebound if the $BTC price approaches critical support levels. New whales, mainly ETF buyers, have a $56K on-chain cost basis. Corrections typically entail a max drawdown of around 30% in bull markets, with a max pain of $51K
There should be no question that #Crypto is in a macro bull market. However, it would not be uncommon to see #Bitcoin pause temporarily to consolidate the gains. One key price level to watch for a potential invalidation point would be a monthly close above $69,000.
Let's delve into Bitcoin's halving journey for intriguing insights:
First BTC Halving (November 2012): Bitcoin's pre-halving price stood at $12, skyrocketing to an astounding $1,146 by November 2013, marking a staggering 95-fold increase!
Second BTC Halving (July 2016): With Bitcoin priced at $658 pre-halving, its value surged to an impressive $20,089 by December 2017, experiencing a remarkable 30-fold surge!
BTC's Third Halving (May 2020): Trading at $8,800 before the halving, Bitcoin's price soared to $69,000 by November 2021, marking an impressive 8-fold increase!
Now, with Bitcoin's fourth halving on the horizon in April 2024, speculation arises: What will the price be, and how many doubling cycles can it undergo?
Bitcoin price was trading at 42,905 USD/Bitcoin, down 5.1% in the past 24 hours. The trading volume of the cryptocurrency with the largest market capitalization is at 46.3 billion USD. Bitcoin's capitalization reached 840 billion USD. #bicoin
Bitcoin's Shocking Dip Below $65K - Over 120K Traders Liquidated! Bitcoin ETFs Smash Records: Trading Volume Hits a Whopping $111 Billion in March! Mega Fortune: Largest Ethena Airdrop Recipient Bags Nearly $2M! Cryptocom's Bold Move: South Korea Platform Launch After Local Exchange Acquisition! Historic Milestone: Hokkoku Bank in Japan Launches First-ever Stablecoin! Massive Move: $2B Bitcoin Transfer to Coinbase - Second Largest Inflow Ever! Crypto Clarity: Argentine Government Implements Registration Rules for Crypto Firms! Crypto Craze in Russia: Nationals Transact a Whopping $51 Billion in Crypto in 2023! Deribit's Dubai Unit Scores Conditional VASP License - Big Win for Crypto Exchange! Singapore Sets New Standards: Licensing Requirements Introduced for Crypto Custody Services and More!
Bitcoin continues to trade in the range. Nothing has changed in the market and price will continue to move sideways. Keep an eye on the support and resistance area.
There's no denying the fact that many experts in general were predicting bitcoin to fall to just under 10,000 in 2023, and those opinions were really not few. Has it fallen? No, but, you know, it is absolutely not a fact that it will not fall in the future, because now more and more people are investing not in bitcoin, but in other cryptocurrencies and in something more virtual, for example, the same Metauniverses. I'm interested in Metaverse, virtual reality in general, and what do you think?
it's definitely an exciting space with a lot of potential. Personally, I'm also intrigued by the possibilities of virtual reality and the Metaverse. It's fascinating to see how technology is evolving and opening up new opportunities.
What aspects of the Metaverse or virtual reality are you most interested in exploring?
XRP’s price outperformed BTC and ETH in the last hour $XRP price has been suppressed soooo long that thousands of holders if not tens of thousands will be shaken out at $3
Ethereum (ETH) Price Update: Despite a 3.76% dip in the last 24 hours, Ethereum remains a dominant force in the crypto space at $3,026.41. Its robust infrastructure and role in DeFi continue to solidify its position
Dogecoin (DOGE) Price Update: With a 3.11% loss in the last 24 hours, Dogecoin sits at $0.1531. Despite market downturns, DOGE's strong community and meme-driven virality keep it relevant in the crypto landscape.
Litecoin (LTC) Price Update: Litecoin saw a 2.73% dip, now priced at $76.38. Known as the "silver to Bitcoin's gold," LTC's reputation for fast transactions continues to bolster its standing in the market.
Ripple (XRP) Price Update: Despite a 3.24% loss, Ripple stands at $0.4826. Despite regulatory challenges, Ripple remains focused on revolutionizing cross-border payments with blockchain technology.
Solana (SOL) Price Update: Solana experienced a notable 10.63% dip, now priced at $132.79. Despite this setback, Solana's high throughput and innovative approach to dApps position it as a promising contender for future growth.
Ore Mission Halts Mining: Due to Solana network congestion, Ore has stopped mining activities temporarily. Price Impact: Ore's price surged to over $300 post-announcement, while Solana dipped to $127. Ore's Distribution Mechanism: Ore used a PoW method on Solana for fair cryptocurrency distribution. Solana's Challenges: Solana faced transaction scheduling issues, with up to 75% of transactions failing. Revamp Plans: Ore will revamp its system for better efficiency and incentives for token holders. Future Plans: Ore's v2 will align with Solana's upgrades, with existing tokens upgradable to the new version.
Market Movement: ETH's price is currently around $3,263, showing slight variability with minor daily changes.
Tech Innovations: Ethereum's recent Cancun-Deneb upgrade marks the beginning of "The Surge" era, focusing on significant enhancements to scalability, efficiency, and security.
Community and Events: Anticipation is high with a packed event schedule including ETHGlobal and DappCon, among other global conferences and hackathons, reflecting a vibrant and engaged community.
Future Prospects: Analysts are optimistic, with predictions suggesting that ETH could reach as high as $10,000 due to its technical upgrades and growing mainstream adoption. Read the full article on Coinpedia
SOL is on the move! Keep your eyes peeled as it approaches key resistance at $148.27. Further ceilings await at $148.98 and $151.86. However, a breakthrough could signal a stronger bullish phase.
Support levels stand firm at $141.17, with even stronger foundations at $133.73 and $128.71. These are critical in case of any selling pressure, offering potential buying opportunities on dips.
Feeling bullish? Traders might consider long entries on pullbacks to major support levels, with stop-loss orders placed below $133.73 to manage risk. If SOL struggles, short positions could be in play with targets set at subsequent support levels.
Bitcoin (BTC/USD) shows strong upward momentum, hitting $66,270, up 2.50%. Breaking past $64,853, it faces resistance at $66,910, $69,232, and $71,425. Supports are at $63,045, $61,387, and $59,686, indicating a critical juncture for investors.
Comments
BTC $72,591.20
ETH $4048.39
USDT $1.00
XRP $0.70
ADA $0.76
BTC $72,591.20
ETH $4048.39
USDT $1.00
XRP $0.70
ADA $0.76
•Bitcoin ETF Net In Flows + 9.6K #BTC
•New All-Time High 831.6K BTC Held in ETFs
•New 9 ETFs + 13.4K BTC
Highlights
•Blackrock + 8.2K BTC
•Fidelity + 3.9K
•GBTC -3.9K
1. Bitcoin starts ranging
2. BTC dominance drops
3. Money moves to $ETH & Alts
4. ETH breaks ATH
5. Money flows to Alts
6. Alts starts sending hard
7. Then we see epic ALTSEASON
8. We take profits and retire our family.
The reason why we had this retracement from $73.8k to $67k is the big selling pressure in the range $73.8k-$75k.
Bitcoin touched that range and that selling pressure brought it down. Now that we have the ETF it is just a matter of time to exhaust that range and push for higher price.
Let’s give the ETF some days to exhaust that pressure, and then we will back on track
Here’s mine
#BTC 120k - 150k
#ETH 12k- 18k
$DOT 80 - 140
$ATOM 120- 160
$FIL 90- 150
Crypto fast price updates here for you👇
Bitcoin (#BTC): 65,110.25 USDT 🔵-2.88%
Ethereum (#ETH): 3,376.20 USDT 🔵-3.13%
Bitcoincash (#BCH): 371.00 USDT🔵-4.55%
Litecoin (#LTC): 81.40 USDT🔵-1.02%
Chainlink (#LINK): 17.45 USDT 🔵-4.06%
Is the price going to rise again this week? What is its trend?
Should I buy?
First BTC Halving (November 2012): Bitcoin's pre-halving price stood at $12, skyrocketing to an astounding $1,146 by November 2013, marking a staggering 95-fold increase!
Second BTC Halving (July 2016): With Bitcoin priced at $658 pre-halving, its value surged to an impressive $20,089 by December 2017, experiencing a remarkable 30-fold surge!
BTC's Third Halving (May 2020): Trading at $8,800 before the halving, Bitcoin's price soared to $69,000 by November 2021, marking an impressive 8-fold increase!
Now, with Bitcoin's fourth halving on the horizon in April 2024, speculation arises: What will the price be, and how many doubling cycles can it undergo?
USD $70,116.
GBP £55,535.4
Euro €64,921.6
2. #Bitcoin 5% flash crash leads to $165M in leveraged #crypto liquidations
3. #Digital asset inflows recover, but #ETF activity is slowing down
Bitcoin ETFs Smash Records: Trading Volume Hits a Whopping $111 Billion in March!
Mega Fortune: Largest Ethena Airdrop Recipient Bags Nearly $2M!
Cryptocom's Bold Move: South Korea Platform Launch After Local Exchange Acquisition!
Historic Milestone: Hokkoku Bank in Japan Launches First-ever Stablecoin!
Massive Move: $2B Bitcoin Transfer to Coinbase - Second Largest Inflow Ever!
Crypto Clarity: Argentine Government Implements Registration Rules for Crypto Firms!
Crypto Craze in Russia: Nationals Transact a Whopping $51 Billion in Crypto in 2023!
Deribit's Dubai Unit Scores Conditional VASP License - Big Win for Crypto Exchange!
Singapore Sets New Standards: Licensing Requirements Introduced for Crypto Custody Services and More!
There's no denying the fact that many experts in general were predicting bitcoin to fall to just under 10,000 in 2023, and those opinions were really not few. Has it fallen? No, but, you know, it is absolutely not a fact that it will not fall in the future, because now more and more people are investing not in bitcoin, but in other cryptocurrencies and in something more virtual, for example, the same Metauniverses. I'm interested in Metaverse, virtual reality in general, and what do you think?
What aspects of the Metaverse or virtual reality are you most interested in exploring?
$XRP price has been suppressed soooo long that thousands of holders if not tens of thousands will be shaken out at $3
USD $67,710.6
GBP £54,355.5
Euro €63,529.5
Dogecoin (DOGE) Price Update: With a 3.11% loss in the last 24 hours, Dogecoin sits at $0.1531. Despite market downturns, DOGE's strong community and meme-driven virality keep it relevant in the crypto landscape.
Litecoin (LTC) Price Update: Litecoin saw a 2.73% dip, now priced at $76.38. Known as the "silver to Bitcoin's gold," LTC's reputation for fast transactions continues to bolster its standing in the market.
Ripple (XRP) Price Update: Despite a 3.24% loss, Ripple stands at $0.4826. Despite regulatory challenges, Ripple remains focused on revolutionizing cross-border payments with blockchain technology.
Solana (SOL) Price Update: Solana experienced a notable 10.63% dip, now priced at $132.79. Despite this setback, Solana's high throughput and innovative approach to dApps position it as a promising contender for future growth.
Price Impact: Ore's price surged to over $300 post-announcement, while Solana dipped to $127.
Ore's Distribution Mechanism: Ore used a PoW method on Solana for fair cryptocurrency distribution.
Solana's Challenges: Solana faced transaction scheduling issues, with up to 75% of transactions failing.
Revamp Plans: Ore will revamp its system for better efficiency and incentives for token holders.
Future Plans: Ore's v2 will align with Solana's upgrades, with existing tokens upgradable to the new version.
Market Movement: ETH's price is currently around $3,263, showing slight variability with minor daily changes.
Tech Innovations: Ethereum's recent Cancun-Deneb upgrade marks the beginning of "The Surge" era, focusing on significant enhancements to scalability, efficiency, and security.
Community and Events: Anticipation is high with a packed event schedule including ETHGlobal and DappCon, among other global conferences and hackathons, reflecting a vibrant and engaged community.
Future Prospects: Analysts are optimistic, with predictions suggesting that ETH could reach as high as $10,000 due to its technical upgrades and growing mainstream adoption.
Read the full article on Coinpedia
Support levels stand firm at $141.17, with even stronger foundations at $133.73 and $128.71. These are critical in case of any selling pressure, offering potential buying opportunities on dips.
Feeling bullish? Traders might consider long entries on pullbacks to major support levels, with stop-loss orders placed below $133.73 to manage risk. If SOL struggles, short positions could be in play with targets set at subsequent support levels.