TL;DR Ripple (XRP) rebounded from the sub-$2 levels. One analyst believes its performance in the short term will depend heavily on Bitcoin’s fluctuations. Others forecasted a move to $2.50 – $3, fueled by favorable legal outcomes, institutional interest, and potential momentum above the $2.13 breakout zone. The Next Potential Moves The cryptocurrency market witnessed another correction in the past several hours following the latest wave of trade tariffs implemented by US President Donald Trump . Ripple’s XRP, which was holding above $2.15 prior to the announcement, briefly tanked under $2. Shortly after, it registered a slight rebound and currently trades at around $2.04 (per CoinGecko’s data). Numerous analysts noted the asset’s latest pullback, projecting interesting targets for the short term. The X user CRYPTOWZRD said XRP now tests the $2 daily support level, adding that “we need a reversal from this location.” They also assumed that the performance of Ripple’s cross-border token would depend on Bitcoin: “Whatever Bitcoin does, XRP will follow that. No altcoins can escape while Bitcoin is crashing.” The primary cryptocurrency, which surged past $88,000 at one point on April 2, nosedived to almost $82,000 after the escalation of the trade war. As of this writing, it is worth approximately $83,300, representing a 5% decline on a weekly scale. BlockchainBaller was much more bullish, forecasting that XRP could soar to the $2.50-$3 range this month, driven by favorable legal outcomes and increased institutional adoption. It is important to note that major developments on the legal front have already played a role in the asset’s price performance. Last month, Ripple’s CEO revealed that the US SEC had dropped its appeal against the company, describing this as the end of the lengthy lawsuit. Several days later, CLO Stuart Alderoty said the firm will withdraw its cross-appeal and pay a penalty of $50 million (instead of the previously ruled $125 million). He said the $50 million is already in an interest-bearing account, whereas the remaining amount will be returned to Ripple. The only missing conclusion of the case seems to be an official statement from the SEC, which may be released in the following days. However, it remains doubtful whether such a disclosure would fuel a rally for XRP, as it could have already been priced in. The Potential Breakout Zone Several hours before the latest correction, Crypto General claimed that XRP is still consolidating above the breakout zone of $2.13 “and is holding it strong.” The analyst predicted that the next bull run could be ignited by an upswing above that mark, promising to “add heavy bag” once that happens. As mentioned above , though , XRP headed south instead of breaking beyond the depicted target. The post Ripple (XRP) Dips Below $2 — What Analysts Expect Next appeared first on CryptoPotato .
They say that pride cometh before the fall, and the adage certainly proved true for the cryptocurrency – and, frankly, stock – market on April 2. In the leadup to President Donald Trump’s Liberation Day reciprocal tariff announcement, numerous assets enjoyed strong rallies with, for example, Bitcoin ( BTC ) briefly soaring above $87,000 only to plunge to $83,662 by press time on April 3. BTC one-week price chart. Source: Finbold The same phenomenon was evident with the entire cryptocurrency market as the digital assets’ collective market capitalization soared to $2.77 trillion by April 2 afternoon, gaining more than $50 billion within the day. Immediately as the reciprocal tariffs were revealed, cryptocurrencies’ total valuation fell off a cliff to the recent lows of $2.61 trillion, effectively erasing $160 billion in less than four hours. Furthermore, even the slight April 3 rally only tempered the bloodbath, ensuring the final tally for the first 12 hours amounts to a $140 billion drop to $2.63 trillion, per the data FInbold retrieved from TradingView on the day. Cryptocurrency market valuation one-week chart. Source: TradingView Did any investments evade the Liberation Day bloodbath? Unfortunately for cryptocurrency investors hoping that assets like Bitcoin would truly fill the role of digital gold, the latest bloodbath is the latest in the long line of evidence proving the market has become highly susceptible to external shocks and entered a phase of high correlation with stocks. Indeed, by press time in the April 3 pre-market, most major companies’ shares had experienced at least a 3% correction, though the movement is far from universal. Elsewhere, gold has proven its attractiveness as a safe haven since, while most other assets were plunging, it enjoyed a four-hour rally to new highs above $3,162. Gold one-week price chart. Source: TradingView Interestingly, the world’s largest commodity by market capitalization has experienced a downward correction to its press time price of $3,128 while risk assets were enjoying a slight recovery from the plunge. Featured image via Shutterstock The post Liberation Day wipes $140 billion from crypto market within hours appeared first on Finbold .
Authorities in Russia are pondering how to convert nearly $90 million worth of seized bitcoin (BTC) into revenue for the state coffers. The cryptocurrency has been confiscated as part of criminal proceedings against a former investigator convicted of corruption. Officials say the case sets a precedent in the Russian Federation as it involves the forfeiture of a large amount of money in the form of digital coins. They have also urged the government to legally regulate the circulation of Bitcoin in the country for such purposes. Bailiff’s office mulling over how to convert forfeited BTC into state revenue Russia’s Federal Bailiff Service ( FBS ) is currently developing a mechanism to “turn bitcoin into income for the state,” its head revealed in a statement quoted by the Russian business news portal RBC. Dmitriy Aristov added that the agency is working with other interested institutions on the matter. “Bitcoin is a problematic asset,” the FBS director noted during a meeting of the Committee on Constitutional Legislation and State Building at the Federation Council, the upper house of the Russian parliament. He was asked to comment on the current practice of cryptocurrency seizure in Russia. Aristov pointed out that in the course of a criminal case against a corrupt official, judicial authorities have identified and confiscated a certain amount of BTC. Law enforcement agencies are now looking for a solution regarding its utilization, he explained. “There is a precedent, a criminal case, in the course of which bitcoins were identified. Now we are developing a methodology for the implementation of this type of financial instruments with the relevant authorized bodies,” Aristov elaborated. He was referring to the case of the former police investigator Marat Tambiev, who was convicted of taking a record bribe in cryptocurrency. The digital money was paid to him by members of the hacking group Infraud Organization to terminate their own criminal case and help them conceal funds. Back in 2023, the Nikulinskiy District Court of Moscow decided to seize 1032.1 BTC stored in a hardware wallet found with Tambiev, the former head of the Investigative Department for Tver district, and ordered that the Bitcoin be “converted into income of Russia.” At the time, the cryptocurrency was valued at 1.6 billion rubles (nearly $24 million) as per the court’s decision, which also sentenced Tambiev to 16 years in a prison colony and fined 500 million rubles. At current prices, the BTC would sell for close to $90 million. Russia has yet to legalize and streamline cryptocurrency confiscation The Federal Bailiff Service is a law enforcement agency subordinated to the Russian Ministry of Justice. Its main responsibilities include maintaining security and order within court facilities as well as ensuring proper and timely execution of judicial acts. Under a dedicated law, Russian prosecutors are able to request the forfeiture of various types of property from persons holding public offices when their expenses do not match their earned income. These include land plots, other real estate, vehicles, shares, digital financial assets, and currencies like BTC. Under a procedure referred to in legal texts as “conversion into the revenue of the Russian Federation”, they can also ask courts to order the appropriation of a monetary amount equivalent to the value of such property when its “conversion” into state income proves impossible. Russian authorities have not yet found a solution to the challenges surrounding cryptocurrency confiscation; Aristov admitted and stressed that it’s necessary to legislatively regulate the turnover of digital assets in Russia for that purpose. Last month, the Chairman of Russia’s Investigative Committee, Alexander Bastrykin, announced that a bill designed to recognize BTC and other cryptocurrencies as property within criminal law and proceedings has been sent to the government for consideration. It should determine the relevant procedure for crypto seizure. Also in March, a member of the Russian Civic Chamber, Evgeny Masharov, proposed the establishment of a state-run cryptocurrency fund that would include assets confiscated in criminal proceedings. Revenues from such assets could be used to finance various social projects, he suggested. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The post Bitcoin ETF Inflows Hit $220M – Is a Massive Rally Incoming? appeared first on Coinpedia Fintech News The crypto market took a nosedive after Trump’s latest tariff announcement, wiping out a staggering $509 million. Bitcoin crumbled to $82,352, with traders scrambling to defend the $83K mark—only for it to slip again after briefly reclaiming $88K. It wasn’t just BTC feeling the heat. The entire crypto market shed 3.43%, with Ethereum plunging over 6% and Solana sinking 6.6%. Despite a slight bounce near $82K, the pressure remains high. While the crypto went haywire and lost in the tariff war, Bitcoin ETF inflows have roared back, with a net surge of $220 million as investors brushed off concerns about Trump’s reciprocal tariffs and took advantage of the BTC price dip. Fidelity’s FBTC and Ark Invest’s ARK dominated the inflows, while BlackRock’s IBIT witnessed outflows. Institutional demand is once again on the rise, fueling confidence in Bitcoin’s long-term potential. Bitcoin ETFs around the world HODL 1.3 million Bitcoin, or 6.2% of all BTC that will ever exist Monthly update as of 3/31/2025 pic.twitter.com/3uVcVLh9Rm — HODL15Capital (@HODL15Capital) April 1, 2025 Institutional Investors Step In After a slow start to the week, inflows into spot Bitcoin ETFs rebounded strongly. On April 2, investors poured $220 million into Bitcoin ETFs, reversing early selloffs. Fidelity’s FBTC and Ark Invest’s ARK led with $119 million and $130 million in inflows, respectively. However, BlackRock’s iShares Bitcoin Trust (IBIT) faced significant outflows of $116 million. Despite the mixed market response, it appears that major players viewed the Trump tariffs as a “buy the dip” opportunity rather than a long-term risk. Big Players Hoading More BTC Institutions are doubling down on Bitcoin, with publicly traded firms now holding a massive 696,456 BTC. Just last week, eight companies added another 26,303 BTC to their stacks, showing growing confidence in Bitcoin’s long-term strength. Leading the charge are Michael Saylor’s MicroStrategy and Japan’s Metaplanet, both scooping up more BTC as they bet big on the crypto giant’s future. Bitcoin’s Current Market Sentiment Despite the positive ETF vibes, Bitcoin faced an intense bloodbath following Trump’s tariff announcement, plunging from $88,000 to $81,000. However, trading volume skyrocketed by 85%, reaching $54 billion, indicating investors are still interested. As of now, BTC is trading at $83,394, with a market cap of $1.65 trillion. Find out the Key Trading Range Meanwhile, Crypto analyst Ali Martinez has identified a key trading range between $86,900 and $84,800. He suggests that whichever side breaks first on the hourly chart could dictate Bitcoin’s next major move. With institutional players back in accumulation mode, the market is closely watching whether BTC will push past resistance or face another dip. Overall, while Bitcoin’s price remains volatile, institutional investors seem unfazed by regulatory developments and continue to see BTC as a valuable long-term asset. The coming weeks will reveal whether this renewed confidence can push Bitcoin to new highs.
The U.S. Treasury Department has imposed sanctions on crypto addresses associated with Russia’s Garantex in its latest action against the Houthis and their funding operations. The U.S. Department of the Treasury’s Office of Foreign Assets Control has imposed sanctions on eight cryptocurrency addresses used by the Houthi foreign terrorist organization to finance activities like arms procurement and sanctions evasion. Data from blockchain forensic firms Chainalysis and TRM Labs shows that the regulator sanctioned six private wallet addresses and two deposit addresses at mainstream services that have moved nearly $1 billion in illicit transactions. These transactions were largely aimed at supporting the group’s activities in Yemen and the broader Red Sea region. On-chain transfer data shows that the Houthis moved over $45 million through Garantex, a Russia -based exchange, which was flagged by OFAC for facilitating terrorist financing. You might also like: OFAC designates Iranian administrator of darknet marketplace with Bitcoin and Monero addresses Garantex announced its closure in early March, shortly after Tether blacklisted nearly $30 million in stablecoins. Two weeks later, Indian police arrested Aleksej Besciokov, co-founder of Garantex, following an arrest warrant issued by the Patiala House Court in New Delhi. However, multiple reports later suggested that Garantex hadn’t been fully disrupted and had actually resurfaced under a new name, Grinex, after transferring funds and users to the new platform. TRM Labs says on-chain analysis shows “millions of dollars in volume flowing to other high-risk and OFAC-sanctioned entities,” including Garantex and Sa’id al-Jamal, an Iran-based financial facilitator affiliated with both the Houthis and the Islamic Revolutionary Guard Corps-Qods Force. In late January, U.S. President Donald Trump re-designated Yemen’s Houthi movement, formally known as Ansar Allah, as a foreign terrorist organization, with Secretary of State Marco Rubio stating that the Houthis’ activities “threaten the security of American civilians and personnel in the Middle East, the safety of our closest regional partners, and the stability of global maritime trade.” Read more: OFAC targets Hezbollah-linked crypto financier to disrupt Iran’s terror funding
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Is Bitcoin’s future intertwined with a high-stakes standoff against central banks? Imagine a game of chicken, but instead of cars speeding towards each other, we have Bitcoin squaring off against the titans of global finance. That’s the intriguing analogy recently put forth by Jamie Coutts, Chief Crypto Analyst at Real Vision. He suggests that investing in Bitcoin right now is akin to playing this nerve-wracking game, betting that central banks will eventually be forced to blink and inject more liquidity into the system to grapple with soaring debt levels. Let’s dive deep into this captivating theory and explore what it could mean for the future of the crypto market and your investments. Bitcoin vs. Central Banks: A High-Stakes Game of Chicken? Coutts’ provocative post on X has ignited discussions across the financial landscape. He argues that despite recent attempts at easing monetary policy – we’ve seen slightly lower interest rates, a somewhat weaker dollar, and a nudge upwards in the money supply – the underlying stress in credit markets is palpable. After three years of tightening liquidity, the system is showing cracks. But what exactly does this ‘game of chicken’ entail? In essence, Coutts believes that the excessive levels of government debt globally are unsustainable in the current environment of constrained liquidity . He points to a critical metric: the U.S. M2-to-debt ratio, which has plummeted to a concerning low of around 0.6. This ratio essentially measures the amount of readily available money (M2) relative to the total government debt. A low ratio signals that there isn’t enough liquidity circulating to comfortably service the existing debt . Think of it like this: imagine a household with a massive mortgage but very little cash in their bank account. They might be able to make payments for a while, but any unexpected expense or income disruption could push them to the brink. Coutts suggests the global financial system, particularly concerning government debt , is facing a similar predicament. The Liquidity Crunch: Are Central Banks Running Out of Options? So, what happens when there’s too much debt and not enough liquidity ? Coutts posits that central banks, particularly the U.S. Federal Reserve (Fed), will eventually be cornered. They will have to choose between two potentially inflationary paths: Option 1: Money Printing (Quantitative Easing – QE): The Fed could resort to injecting massive amounts of liquidity into the financial system by purchasing assets, essentially ‘printing money.’ This would directly increase the money supply and potentially ease the liquidity crunch. Option 2: Bank Debt Absorption: Alternatively, the Fed could pressure banks to absorb more government debt onto their balance sheets. This could be done through regulatory changes or incentives, effectively shifting the burden of debt management onto the banking sector. Both of these options, while potentially alleviating the immediate debt pressures, carry significant inflationary risks. Injecting liquidity directly through QE is a well-known inflationary tool. Forcing banks to hold more government debt could also lead to instability in the banking system and indirectly contribute to inflation. This is where Bitcoin enters the picture. Coutts argues that these potential central bank actions could reignite the bullish narrative for Bitcoin . Why? Mounting Debt and the M2 Ratio: Why This Matters for Bitcoin The core argument for Bitcoin ‘s potential upside in this scenario rests on its inherent properties as a decentralized, scarce digital asset. Let’s break down why: Inflation Hedge: If central banks resort to money printing to manage debt , it could lead to currency devaluation and inflation. Bitcoin , with its limited supply of 21 million coins, is often seen as a hedge against inflation. As fiat currencies potentially lose purchasing power, assets with fixed supply, like Bitcoin , could become more attractive. Alternative to Traditional Finance: In a world where trust in traditional financial institutions and government-backed currencies might be eroded by debt crises and inflationary policies, Bitcoin offers a decentralized alternative. Its transparent and immutable nature, governed by code rather than central authorities, can be appealing to investors seeking refuge from potential systemic risks. Increased Demand: If investors anticipate central bank actions that could devalue fiat currencies, they might flock to Bitcoin as a store of value. This increased demand, coupled with Bitcoin ‘s limited supply, could drive its price upwards. Coutts’ analysis highlights a potentially precarious situation where the traditional financial system is grappling with immense debt and dwindling liquidity . In this environment, Bitcoin emerges not just as a speculative asset, but potentially as a strategic play against the backdrop of macroeconomic uncertainties. Is Bitcoin a Safe Haven in the Central Bank Chicken Game? While Coutts’ analysis presents a compelling bullish case for Bitcoin , it’s crucial to approach this with a balanced perspective. Investing in Bitcoin , especially based on macroeconomic predictions, carries inherent risks: Volatility: The crypto market , including Bitcoin , is notoriously volatile. Prices can swing dramatically based on market sentiment, regulatory news, and unforeseen events. The ‘chicken game’ scenario is just one potential factor influencing Bitcoin ‘s price. Regulatory Uncertainty: Governments and regulatory bodies worldwide are still grappling with how to regulate Bitcoin and the broader crypto market . Changes in regulation could significantly impact Bitcoin ‘s price and adoption. Alternative Outcomes: While Coutts predicts central bank intervention, there’s no guarantee that events will unfold exactly as anticipated. Central banks might find alternative ways to manage debt and liquidity without resorting to massive money printing or bank debt absorption, potentially diminishing the bullish case for Bitcoin based on this specific thesis. Therefore, while the ‘chicken game’ analogy is thought-provoking and highlights a potential pathway for Bitcoin to thrive, it’s not a guaranteed roadmap to riches. It’s essential to conduct thorough research, understand the risks involved, and consider your own investment objectives and risk tolerance before making any decisions based on this or any other market analysis. Navigating the Crypto Market Amidst Economic Uncertainty The current economic landscape is complex and uncertain. Coutts’ analysis adds another layer to this complexity, suggesting that the interplay between central banks , government debt , and liquidity could be a significant driver for the crypto market , particularly for Bitcoin . Here are some actionable insights to consider: Stay Informed: Keep abreast of macroeconomic developments, central bank policies, and indicators like the M2-to- debt ratio. Follow reputable analysts and sources in both traditional finance and the crypto market to gain a well-rounded perspective. Diversify: Don’t put all your eggs in one basket. Diversification is crucial in any investment strategy, especially in volatile markets like crypto. Consider diversifying across different asset classes and within the crypto market itself. Manage Risk: Understand your risk tolerance. The crypto market is high-risk, high-reward. Only invest what you can afford to lose, and consider using risk management tools like stop-loss orders. Do Your Own Research (DYOR): Don’t rely solely on any single analysis, including this one. Conduct your own independent research, understand the fundamentals of Bitcoin and the crypto market , and make informed decisions based on your own understanding. Conclusion: The Unfolding Drama of Bitcoin and Central Banks Jamie Coutts’ ‘chicken game’ analogy offers a fascinating lens through which to view Bitcoin ‘s potential in the current macroeconomic environment. The interplay between central bank actions, mounting government debt , and the availability of liquidity could indeed create a fertile ground for Bitcoin to flourish. Whether central banks will ‘blink’ first and resort to inflationary measures remains to be seen. But one thing is clear: the relationship between Bitcoin and traditional finance is becoming increasingly intertwined, and the unfolding drama is one that investors in the crypto market – and beyond – should be watching closely. The game is on, and the stakes are undeniably high. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Buckle up, crypto enthusiasts! The market winds are shifting, and not in a bullish direction. Bitcoin (BTC), the king of cryptocurrencies, just took a noticeable dip, sliding from a high of $88,000 to around $82,500 after former U.S. President Donald Trump announced the implementation of reciprocal tariffs. Currently hovering around $83,300 according to CoinDesk, BTC’s price movement is sending signals that are hard to ignore. But what exactly is behind this sudden downturn, and what does it mean for your crypto portfolio? Let’s dive into a market analysis of the situation. Why is Bitcoin Sentiment Suddenly Worsening? The primary catalyst for this shift in Bitcoin sentiment appears to be the announcement of reciprocal tariffs by Donald Trump. Tariffs, in essence, are taxes on imported goods. While intended to protect domestic industries, they often spark trade tensions and can lead to retaliatory measures from other countries. In a globally interconnected financial system, such actions can create uncertainty and fear, prompting investors to move away from riskier assets like cryptocurrencies. Here’s a breakdown of how tariffs can impact the crypto market: Increased Economic Uncertainty: Tariffs can disrupt global trade flows, leading to slower economic growth and increased inflation. This uncertainty makes investors nervous, and they tend to seek safer havens. Risk-Off Sentiment: When traditional markets react negatively to trade tensions, the ripple effect often extends to the crypto market . Investors might reduce their exposure to all risky assets, including Bitcoin and other cryptocurrencies. Potential for Currency Devaluation: As highlighted by Robin Brooks, chief economist at the International Institute of Finance, countries might devalue their currencies to offset the impact of tariffs, further adding to global economic instability. The Ominous ‘Death Cross’: Should You Be Worried? Adding fuel to the fire is the looming formation of a bearish technical pattern known as the “death cross.” This occurs when the 50-day simple moving average (SMA) crosses below the 200-day SMA. Historically, this pattern is viewed by some technical analysts as a signal of a potential long-term downtrend. Understanding the Death Cross: Moving Average Timeframe Significance in Death Cross 50-day SMA Short-term Represents recent price momentum 200-day SMA Long-term Represents long-term price trend Death Cross Crossover of 50-day SMA below 200-day SMA Potentially signals shift from short-term bullish to long-term bearish trend However, it’s crucial to remember that the “death cross” is not a foolproof predictor. Its accuracy in forecasting market downturns is debated, and many analysts consider it a lagging indicator. Nevertheless, its appearance during a period of heightened trade tariffs and economic uncertainty adds to the overall negative sentiment surrounding Bitcoin and the broader crypto space. China’s Yuan Devaluation: A Potential Crypto Black Swan? Robin Brooks’s warning on X about China’s potential response to U.S. tariffs is particularly noteworthy. If China decides to devalue its currency, the yuan, to make its exports cheaper and counter the impact of tariffs, it could trigger a cascade of negative consequences for global markets. Why Yuan Devaluation Matters for Crypto: Global Risk-Off Move: Yuan devaluation could spark a broader “risk-off” sentiment across global financial markets. Investors might rush to sell off risky assets, including cryptocurrencies, and move towards safer assets like the U.S. dollar or gold. Emerging Market Contagion: Historically, currency devaluations in major economies have often led to contagion in emerging markets. This could further exacerbate the risk-off environment and impact the crypto market, particularly in emerging economies where crypto adoption is growing. Dollar Strength: A weaker yuan could lead to a stronger U.S. dollar. Since Bitcoin is often priced against the dollar, a stronger dollar can sometimes exert downward pressure on Bitcoin prices. Brooks points out that China has been cautious so far in responding to trade tensions. However, with tariffs now becoming a reality, this caution might wane, and a more aggressive response, such as yuan devaluation, cannot be ruled out. This potential for a significant economic event adds another layer of uncertainty to the current crypto market landscape. Navigating the Crypto Storm: Actionable Insights So, what should crypto investors do amidst this swirling storm of negative Bitcoin sentiment and global economic uncertainties? Stay Informed: Keep a close watch on developments related to trade tariffs, China’s economic policies, and overall global market sentiment. Reliable news sources and market analysis are your best friends right now. Manage Risk: Consider reviewing your portfolio risk. If you have a high-risk tolerance, you might choose to hold your positions and weather the storm. However, if you are risk-averse, it might be prudent to reduce your exposure to cryptocurrencies or implement stop-loss orders to protect your capital. Diversify (Wisely): While diversification is generally a good strategy, during periods of heightened risk-off sentiment, correlations between different asset classes can increase. Consider diversifying across different types of cryptocurrencies and potentially into other asset classes like precious metals, but understand that broad market downturns can impact most asset classes. Long-Term Perspective: Remember that the cryptocurrency market is inherently volatile. Short-term price fluctuations are common. If you have a long-term investment horizon and believe in the fundamental value of Bitcoin and other cryptocurrencies, these periods of downturn can sometimes present buying opportunities – but only if you’ve done your research and are comfortable with the risks. Conclusion: Weathering the Crypto Uncertainty The current Bitcoin sentiment is undeniably bearish, fueled by renewed trade tensions and the specter of a potential “death cross.” The possibility of China devaluing the yuan adds another layer of complexity and risk to the global economic outlook, which naturally spills over into the cryptocurrency market. While short-term volatility is expected, it’s crucial to maintain a balanced perspective, stay informed, and manage risk effectively. The crypto market has weathered storms before, and understanding the underlying dynamics can help you navigate these turbulent times with greater confidence. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Bitcoin (BTC) continues to exhibit dynamic price action across various timeframes, shaped by key technical indicators and broader market sentiment. This analysis covers BTC’s price trends on the daily, weekly, 4-hour, and 15-minute charts, along with potential entry points, take-profit targets, and stop-loss levels. Daily and Weekly Analysis On the daily chart, BTC is facing resistance at $86,722, with crucial support at $82,899. A potential “death cross” — where the 50-day moving average may fall below the 200-day moving average — raises concerns of a downside shift. However, breaking above $86,722 could trigger a resurgence in bullish momentum, aiming for $90,000 as the next key target. The weekly chart reflects a mixed outlook. While BTC holds steady, breaking $86,722 resistance would open up a path to $90,000. However, failure to maintain support at $82,899 could prompt deeper corrections, testing the $80,000 psychological level. 4-Hour and 15-Minute Analysis On the 4-hour chart, BTC is consolidating between $82,900 (support) and $85,500 (resistance). A breakout from this range would signal the next major move. If BTC surpasses $85,500, expect a rise toward $88,000; otherwise, a drop below $82,900 could spur further selling pressure. The 15-minute chart shows increased volatility, with immediate support at $83,000 and resistance at $84,500. Short-term traders can leverage this volatility , but they must stay cautious due to the quick price swings. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Entry, Take-Profit, and Stop-Loss Levels Ideal entry lies near $82,900. Traders should target take-profit levels at $85,500 (4-hour resistance), $86,722 (daily resistance), and $90,000 for longer-term gains. A stop-loss below $81,500 provides a safety net against downside risks. BTC’s price action remains volatile and responsive to broader market movements. Short-term traders can capitalize on fluctuations, while long-term investors should watch for key breakouts above resistance levels. Risk management is essential to navigate these highly volatile conditions. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Bitcoin (BTC) Ready to Explode: Key Resistance Levels That Could Trigger Massive Gains appeared first on Times Tabloid .
$450M liquidated in crypto futures as new US tariffs trigger market uncertainty BTC, ETH, SOL dip, but analysts eye potential altseason despite market volatility Altseason indicators: Index low (18), watch BTC Dominance (~71%), analyst eyes Apr 7 Over $450 million in crypto futures positions were liquidated following sudden market swings, driven by growing economic tensions after new U.S. tariffs were announced on auto imports and for major trade partners, sending ripples of uncertainty across global markets. Bitcoin initially climbed briefly after the news, perhaps on hopes the economic fallout would be short-lived. That sentiment faded quickly, however, as major cryptocurrencies retreated; Bitcoin fell back below key technical levels after trading higher, and Ethereum slipped under significant support. Altcoins also felt the impact, with XRP and Dogecoin testing important support zones, while Solana lost roughly 4% of its value at the time of reporting. Despite this volatility, an altseason narrative persists, with analysts watching for signs that altcoins could defy the bearish trend. Several altcoins are approaching key price thresholds, potentially se… The post ‘When Is the Next Altseason?’: Altseason Timing: Index, BTC Dominance & Analyst’ Take appeared first on Coin Edition .