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Bitcoin Demand Remains Positive!
As Bitcoin approaches the significant $100K milestone, it's crucial to monitor demand to assess the strength of the bullish trend:
▪️$100K Psychological Barrier: This level represents a major psychological target for investors, requiring sustained demand to break through and hold.
▪️Current Demand: Demand shows no signs of weakness and continues to grow steadily, indicating strong market momentum.
▪️Future Outlook: It's essential to monitor whether demand remains stable or continues to grow. A sharp decline could signal a potential trend reversal and a shift in investor sentiment.
According to DefiLlama, Binance
saw an inflow of $8.73B over the past month, bringing its total assets to $154.9B!
As the New York session opens, the BTC long/short ratio stands at 0.9573, indicating a slightly higher dominance of short positions over long positions in the market.
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Stablecoins are steadily flowing into exchanges
Over the past week, we've had a crisis of net outflows in the middle. But then again, we've had a steady net inflow as dollars have come into the crypto market in the end.
This has allowed the price to continue to make higher lows. Its price will break the $100,000 mark at any moment without a significant correction based on the net inflows trend.
The view on the trend of stablecoin's netflow from exchanges is that as long as the trend of net inflows continues, there will be no meaningful correction in price. And we will have to buy the dip even if the price corrects.
#AMP/USDT analysis :
#AMP has broken above a previously tested resistance level and has bounced back after a retest. This suggests a continuation of its bullish momentum, with the price likely to test previous highs from the current level.
TF : 1D
Entry : $0.005420
Target : $0.013400
SL : $0.004180
#BNX/USDT analysis :
#BNX has experienced a significant drop of approximately 74% from its peak and has found support at a previously respected support zone. The price is currently forming a double bottom reversal pattern at this critical level. It is expected that the price will bounce back from this zone and continue to rise, targeting previous highs.
TF : 1D
Entry : $0.5600
Target : $1.6045
SL : $0.4026
#BETA/USDT analysis :
#BETA is currently consolidating sideways above the support zone. The price is expected to bounce back from this zone and test the swing high level, where rejections have been observed multiple times.
TF : 1D
Entry : $0.04732
Target : $0.05804
SL : $0.04012
Crypto Fear & Greed Index: 93 (extreme GREED).
Be cautious about your positions
Yesterday, the index was 94.
When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.
Note: This indicator reflects the overall market sentiment.
#FIDA/USDT analysis :
#FIDA has rebound from the support zone after multiple tests. The price is anticipated to continue rising and challenge previous highs.
TF : 1D
Entry : $0.2267
Target : $0.2900
SL : $0.1840
BTC LONG-TERM HOLDER VS US SPOT ETF analysis:
ETF inflows are increasing, while long-term holder (LTH) sell-side activity is also on the rise.
ETF inflows must remain strong; otherwise, selling pressure from long-term holders may catch up with the market.
#WIF/USDT Analysis-
After breaking out, the price retested the breakout level and is now taking support around it. It has the potential to reach a new all-time high.
T.F.- 1-D
ENTRY- at CMP
SL- 2.89
TARGET- 4.82
Note: If the stop-loss is triggered before entry, disregard the trade as the price action may develop differently.
BITCOIN Spot ETFs saw over $1 Billion in inflows yesterday as the price increases to new all-time high🚀
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#FARM/USDT analysis :
#FARM is currently in an uptrend, exhibiting a series of higher highs (HHs) and higher lows (HLs). The price is presently consolidating above the 200-period exponential moving average (EMA), and a bounce is anticipated, which would support the continuation of its bullish momentum. For a long entry, it is advisable to wait for a breakout above the $53 level to confirm the upward movement.
TF : 1H
Entry : $53.00
Target : $66.00
SL : $47.50
#DEXE/USDT analysis :
#DEXE is currently in an uptrend on the higher time frame (HTF). The price is in an accumulation phase, consolidating sideways. A breakout from this consolidation is anticipated soon, which would likely continue the bullish rally and test the swing high. We should look for potential pullbacks to establish long entries.
TF : 1W
Entry : $8.260
Target : $18.100
SL : $6.340
MEMECOINs have been the best-performing sector compared to others in recent times, experiencing significant gains.
Their popularity continues to rise, attracting both new and experienced investors.
#BTC/USDT.P Analysis:
The price has rebounded sharply after testing a major support zone, highlighting the characteristic of bull market corrections is that they are fast and furious.
This strong recovery suggests that the price is likely to rise further and potentially reach new highs.
BTC $100000 SOON 🚀
#HIGH/USDT analysis :
#HIGH is currently trading above the support zone on the higher time frame. The price is demonstrating a bullish bounce from this area, indicating a strong potential for continued upward momentum and a test of higher levels ahead.
TF : 1W
Entry : $1.744
Target : $4.440
SL : $1.250
#SANTOS/USDT analysis :
#SANTOS has broken out and retested the previous swing high resistance and shown a bullish bounce from this level, indicating a strong continuation of momentum. It is anticipated that it will continue to rise and test higher price levels.
TF : 1D
Entry : $4.358
Target : $7.060
SL : $3.556
#QI/USDT analysis :
#QI has broken out and successfully retested the previous swing high resistance. The price is currently finding support at this zone. It is anticipated that the price will bounce back from here and test previous highs.
TF : 1W
Entry : $0.01650
Target : $0.03380
SL : $0.01080
#RARE/USDT analysis :
#RARE has broken above the trendline after consolidating in a support zone, indicating a bullish shift. The price is expected to bounce off this zone and rise, testing previous swing highs.
TF : 1D
Entry : $0.1330
Target : $0.2960
SL : $0.0923
Bitcoin Hashrate Hits All-Time High!
Currently, miners are operating their mining rigs more actively than ever before.
Yesterday marked the highest-ever net realized profit taking in BITCOIN history!
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#ELF/USDT analysis :
#ELF is currently consolidating above the previously respected support zone. The price is expected to bounce back from this level and continue its bullish rally, potentially testing previous highs.
TF : 1W
Entry : $0.4124
Target : $0.7853
SL : $0.3060
Bitcoin ETFs are catching up to gold ETFs in terms of total assets under management.
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#ALPACA/USDT analysis :
#ALPACA is currently in an uptrend, demonstrating a series of higher highs (HHs) and higher lows (HLs). The price is currently consolidating above the 200-period exponential moving average (EMA), and a bounce is expected, which would reinforce its bullish momentum. For a long entry, it is recommended to wait for a breakout above the $0.1780 level to confirm the upward movement.
TF : 4h
Entry : $0.1780
Target : $0.2300
SL : $0.1520
Crypto Fear & Greed Index: 94 (extreme GREED).
Be cautious about your positions
Yesterday, the index was 82.
When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.
Note: This indicator reflects the overall market sentiment.
#BTC/USDT.P Analysis:
After breaking out, BTC has rallied over 33% from the breakout level and is now approaching its projected target of $11,650.
#BITCOIN Analysis:
Bitcoin is hitting a new all-time high this month, already recording an impressive gain of 39.4%.
This reflects the strong bullish momentum in the market. Let’s see if it manages to surpass February’s returns.
Crypto Fear & Greed Index: 82.
Yesterday, the index was 83.
When the index surpasses 90, it signals a red flag, indicating a potential reversal at any moment.
When the index falls below 10, it suggests a green light, implying a potential reversal at any moment.
Note: This indicator reflects the overall market sentiment.