Hamidreza 🎩
@hapita
2474 Following
2142 Followers
0 reply
0 recast
0 reaction
0 reply
0 recast
4 reactions
🔸Bitcoin Still Struggling to Recover to $100K – What’s Next?
🔻 Bitcoin is still struggling to recover. After dropping to $92,000, as predicted in the analysis of the previous days, BTC has gained about 5% but is still in the risk zone. Let’s take a look at the key data and what to expect from the market.
🔻Current Market Indicators
🔹 Price: Bitcoin is currently trading at $98,456.90 with the 200-day moving average (MA 200) acting as resistance.
🔹 RSI: It has moved out of the oversold zone, but there is a risk of another decline if buying volume does not increase.
🔹 Support: The previous support at $92,000, formed with the help of the 50-day MA, may not be enough in the future.
🔹 Market Sentiment:
🔹 Fear and Greed Index: At 73, indicating greed, but still bearish overall.
🔹 MACD Histogram: Showing decreasing selling pressure, but the Average Directional Index (ADX) is showing a downtrend at 33.62.
🔹 Concerns🔹
🔹 Bearish Crossover: A 20-MA dip below the 50-MA and100-MA 0 reply
0 recast
7 reactions
1 reply
0 recast
0 reaction
1 reply
0 recast
0 reaction
1 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
🔸Crypto market corrects on Fed forecasts🔸
🔻 The crypto market saw a significant drop on Friday night, with majors such as Dogecoin (DOGE), Solana (SOL), Cardano (ADA), and Ethereum (ETH) experiencing significant declines. The drop came on the heels of the Federal Reserve’s updated economic forecasts, which indicated cautious optimism about inflation and interest rates in 2025.
🔹Market Key Points🔹
🔹 Bitcoin (BTC) fell 4.6% to $95,875, after hitting an all-time high of $108,268 earlier this week.
🔹 Dogecoin (DOGE) saw the steepest decline of 15% to $0.3066, 34% below its 2024 peak.
🔹 Solana (SOL) fell 13% to $182, while Cardano (ADA) and Ethereum (ETH) recorded declines of 12.3% and 10%, respectively.
🔹 The total crypto market cap fell 6.75% to $3.28 trillion.
🔹 Over $1.17 billion in long and short positions were liquidated in the past 24 hours, with Bitcoin accounting for $241 million (according to CoinGlass). 3 replies
0 recast
11 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
2 replies
0 recast
1 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
9 reactions
1 reply
0 recast
1 reaction
0 reply
0 recast
5 reactions
0 reply
0 recast
0 reaction
0 reply
0 recast
4 reactions
1 reply
0 recast
0 reaction
1 reply
0 recast
1 reaction
0 reply
2 recasts
13 reactions