Following the approval of spot Bitcoin ETFs, there has been a notable shift in BTC trading patterns on U.S.-available platforms.
Hourly BTC-USD trade volume has spiked around 8-9PM UTC time, which corresponds to the daily close on U.S. markets (3-4PM EST)
$AI Symmetrical triangle
Break out ➡️ Retest 🔜 Continuation
Here is a great buy opportunity!
$ALT is looking for a new ATH
https://twitter.com/thebull_crypto/status/1750955144559403140
The new ETFs took seven trading days to amass BTC holdings of more than 100,000 BTC
Читать полностью…#Bitcoin
Bulls are tanked.
US market is about to open and the GBTC outflows may continue for a few more days/weeks which is likely to create selling pressure and reduce prices. During this process the #Bitcoin price might experience decline to below $40,000.
For now $40,000 is still the key level but it’s getting weaker.
9% of the Bitcoin supply has never moved since it was mined —a large portion of which is believed to have been mined by Satoshi in the early days of Bitcoin’s history
Читать полностью…Tether now owns $2.8 billion worth of Bitcoin after recent $380 million buy
https://www.theblock.co/post/273338/tether-bitcoin-holdings-latest
Higher cost issuers suffered in the US, seeing $2.9bn of outflows, while newly issued ETFs have now seen a total of $4.13bn inflows since launch.
Читать полностью…#Bitcoin
$41,700 ~ $42,000 should be the crucial support to watch. Lose this crucial support #Bitcoin could see further declines toward $38,000, which was the resistance of Nov 2023.
If Bitcoin’s price loses ground below $38,000 support will lead to further downfall and the prices can slide to $29,000 ~ $30,000 area where I've said is the "last pain" before the bull rally market. You can read my Bitcoin halving and market prediction HERE
For altcoins bag-holders like me I decided it was appropriate to put together our Dollar Cost Average strategy for buying altcoins and I believe that buying alts when #Bitcoin price around $30,000 ~ $38,000 has a reasonable probability of becoming a huge profitable decision in long term.
Also, Do Your Own Research.