Passionate crypto trader with over five years of experience navigating the dynamic world of digital currencies. I specialize in technical analysis, market trend
Bitcoin continues to trade below the horizontal supply zone following its breakout from the falling wedge pattern. The 50MA and 100MA are currently acting as dynamic support levels above the wedge, reinforcing the bullish structure. A confirmed breakout above the supply zone could trigger further upward momentum.
However, until that breakout occurs, the possibility of a downward move remains on the table. It's crucial to monitor upcoming price action closely to determine the next significant move.
$BTC The Bitcoin liquidation heatmap reveals a significant cluster of liquidity sitting just below the $90,000 level. This suggests a potential magnet zone for price action, where the market could dip to liquidate late long positions before deciding its next move. All eyes now on whether BTC will flush out leverage or push higher with momentum. Stay cautious!
$BTC Cantor, Tether, and Bitfinex are creating a "multibillion-dollar bitcoin acquisition vehicle that will absorb billions" in Bitcoin, Financial Times reports.
ANALYSIS: The IMF has cut its 2025 global growth forecast to 2.8%—he slowest since the pandemic—warning it could drop further due to Trump's escalating tariffs and a potential global trade war.
$ETH Ethereum (ETH) is currently testing a resistance area, and it's important to see if it can break above this level. If the price successfully breaks and holds above the $1,810 mark, we could see a move towards the key resistance area at $2,000. However, if there is a rejection at this level, the price may drop back to $1,500. The next two to three days will be crucial for determining the direction of ETH's movement.