Bitfate
#Bitfate Connecting People With Real Money. A #Blockchain project Bringing #Bitcoin Beyond Chains & Humans AI.
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#Bitcoin $BTC is currently trading around $88,857 after breaking below the previous support zone of $91,130. This sharp drop indicates strong bearish momentum, with the price now sitting just above the next significant support level at $88,909. A breakdown below this could open the path toward deeper corrections, possibly around $85,000 or lower.
The RSI is trending downward, currently near 30, signaling that the market is close to oversold territory. However, being near oversold doesn't guarantee a reversal; the price can continue to drop if bearish momentum remains strong. If RSI bounces above 30, it might indicate a short-term relief rally.
Momentum indicators are still showing negative pressure, with the money flow index remaining low, suggesting continuous capital outflow from the market. The momentum waves in the lower section of the chart continue trending downward, and there are no clear bullish divergences that would suggest an imminent reversal.
Key resistance levels are now $91,130, $94,245, and $96,069. Any short-term bullish movement would likely face rejection at these levels without significant volume support. On the bearish side, a close below $88,909 would confirm further downside potential.
If Bitcoin holds the current level and RSI recovers, there is a possibility of a short-term bounce to $91,130. However, given the strong bearish sentiment, the more probable scenario is a continuation of the downtrend toward lower support zones. Traders should watch for confirmation of a reversal before considering long positions, as the market remains in a fragile state with bearish momentum dominating.
The RSI is trending downward, currently near 30, signaling that the market is close to oversold territory. However, being near oversold doesn't guarantee a reversal; the price can continue to drop if bearish momentum remains strong. If RSI bounces above 30, it might indicate a short-term relief rally.
Momentum indicators are still showing negative pressure, with the money flow index remaining low, suggesting continuous capital outflow from the market. The momentum waves in the lower section of the chart continue trending downward, and there are no clear bullish divergences that would suggest an imminent reversal.
Key resistance levels are now $91,130, $94,245, and $96,069. Any short-term bullish movement would likely face rejection at these levels without significant volume support. On the bearish side, a close below $88,909 would confirm further downside potential.
If Bitcoin holds the current level and RSI recovers, there is a possibility of a short-term bounce to $91,130. However, given the strong bearish sentiment, the more probable scenario is a continuation of the downtrend toward lower support zones. Traders should watch for confirmation of a reversal before considering long positions, as the market remains in a fragile state with bearish momentum dominating.
#Bitcoin $BTC 4H Chart Analysis & Prediction
1. Price Action:
- The price is trading near $91,575, following a significant sell-off with large red candles.
- There is a small bounce after tapping into a green demand zone, suggesting potential short-term support.
2. Support & Resistance:
- Strong Resistance:
- $93,927
- $94,675 - $95,109 (cluster zone)
- $96,118 - $96,756 (major resistance)
- Support Levels:
- The current green zone around $91,000
- If broken, next support appears closer to $89,000-$88,000.
3. Liquidation Levels (Circles on the Chart):
- The large orange and blue circles represent high liquidation points. The orange circles above** signal potential resistance as trapped longs may sell into rallies.
- The blue circles below suggest liquidity that could attract further downside moves.
4. RSI (Relative Strength Index):
- RSI sits around 24.5, in deep oversold territory, suggesting a potential bounce or consolidation.
- However, RSI can remain oversold during strong downtrends.
5. Momentum Indicators:
- Market Cipher B-like signals:
- Green dots at the bottom, indicating potential bottom formation or relief bounce.
- The momentum waves are still pointing downward but could flatten if buyers step in.
- Bearish Divergence: Still visible in previous moves, so bulls need confirmation before a trend reversal.
6. Money Flow Index (MFI):
- Negative flow continues, showing capital leaving the market, adding bearish pressure.
Scenarios & Predictions:
ā” Scenario 1: Relief Bounce (Bullish Short-Term)
- If the $91,000 support holds and RSI recovers from oversold, we could see:
- Target 1: $93,927
- Target 2: $94,675 - $95,109 (key decision zone)
- A break above $95,109 with volume could push towards $96,756. However, rejection is likely given heavy liquidity above.
ā” Scenario 2: Breakdown (Bearish Continuation)
- If $91,000 fails, expect a sharp decline toward:
- Target 1: $89,000
- Target 2: $88,000
1. Price Action:
- The price is trading near $91,575, following a significant sell-off with large red candles.
- There is a small bounce after tapping into a green demand zone, suggesting potential short-term support.
2. Support & Resistance:
- Strong Resistance:
- $93,927
- $94,675 - $95,109 (cluster zone)
- $96,118 - $96,756 (major resistance)
- Support Levels:
- The current green zone around $91,000
- If broken, next support appears closer to $89,000-$88,000.
3. Liquidation Levels (Circles on the Chart):
- The large orange and blue circles represent high liquidation points. The orange circles above** signal potential resistance as trapped longs may sell into rallies.
- The blue circles below suggest liquidity that could attract further downside moves.
4. RSI (Relative Strength Index):
- RSI sits around 24.5, in deep oversold territory, suggesting a potential bounce or consolidation.
- However, RSI can remain oversold during strong downtrends.
5. Momentum Indicators:
- Market Cipher B-like signals:
- Green dots at the bottom, indicating potential bottom formation or relief bounce.
- The momentum waves are still pointing downward but could flatten if buyers step in.
- Bearish Divergence: Still visible in previous moves, so bulls need confirmation before a trend reversal.
6. Money Flow Index (MFI):
- Negative flow continues, showing capital leaving the market, adding bearish pressure.
Scenarios & Predictions:
ā” Scenario 1: Relief Bounce (Bullish Short-Term)
- If the $91,000 support holds and RSI recovers from oversold, we could see:
- Target 1: $93,927
- Target 2: $94,675 - $95,109 (key decision zone)
- A break above $95,109 with volume could push towards $96,756. However, rejection is likely given heavy liquidity above.
ā” Scenario 2: Breakdown (Bearish Continuation)
- If $91,000 fails, expect a sharp decline toward:
- Target 1: $89,000
- Target 2: $88,000
šØ Indian Authorities Seize $190 Million Tied to BitConnect Crypto Scam.
Crypto Market Update: February 2025
The crypto market has been on a wild ride this February, with several key trends and events shaping the landscape. Hereās what you need to know:
Bitcoin and Major Cryptos
Despite some turbulence, the crypto market cap surged to $3.76 trillion in early January, driven by pro-crypto U.S. policies, including President Trumpās executive orders on a national crypto reserve and regulatory frameworks. Bitcoin ($BTC) saw a 11.7% rise, while XRP ($XRP) led the gains with a 47.8% surge due to its thriving DEX activity.
Solana's DeFi Dominance
Solana ($SOL) continues to outpace Ethereum ($ETH) in DEX trading volume for the fourth consecutive month. Solana's Total Value Locked (TVL) jumped 35% to a record $12.1 billion, largely thanks to the launch of memecoins like $TRUMP and $MELANIA, which sparked a 320% spike in weekly DEX volume.
AI Tokens and Memecoins
Artificial Intelligence (AI) remains a dominant narrative, accounting for 44% of market discussions. AI-powered DeFi applications and on-chain trading agents are gaining traction. Memecoins, though often seen as jokes, have significant market impact. Projects like PEPE and DogeWithHat have captured massive audiences and market caps, highlighting the power of effective marketing in the crypto space.
NFT Market Downturn
The NFT market experienced a significant downturn in January, with total sales volume declining across most chains. Bitcoin NFT volume dropped 39.2%, and Ethereum NFT sales fell 39.1%. However, some newer projects saw isolated growth, indicating there's still life in the NFT sector.
Regulatory and Market Uncertainty
Regulatory developments, such as the U.S. Treasury's new reporting requirements for DeFi platforms, are shaping the market. The emergence of DeepSeekās low-cost AI model and fears of new U.S. tariff policies have introduced volatility, affecting risk assets including crypto.
Crypto Market Update: February 2025
The crypto market has been on a wild ride this February, with several key trends and events shaping the landscape. Hereās what you need to know:
Bitcoin and Major Cryptos
Despite some turbulence, the crypto market cap surged to $3.76 trillion in early January, driven by pro-crypto U.S. policies, including President Trumpās executive orders on a national crypto reserve and regulatory frameworks. Bitcoin ($BTC) saw a 11.7% rise, while XRP ($XRP) led the gains with a 47.8% surge due to its thriving DEX activity.
Solana's DeFi Dominance
Solana ($SOL) continues to outpace Ethereum ($ETH) in DEX trading volume for the fourth consecutive month. Solana's Total Value Locked (TVL) jumped 35% to a record $12.1 billion, largely thanks to the launch of memecoins like $TRUMP and $MELANIA, which sparked a 320% spike in weekly DEX volume.
AI Tokens and Memecoins
Artificial Intelligence (AI) remains a dominant narrative, accounting for 44% of market discussions. AI-powered DeFi applications and on-chain trading agents are gaining traction. Memecoins, though often seen as jokes, have significant market impact. Projects like PEPE and DogeWithHat have captured massive audiences and market caps, highlighting the power of effective marketing in the crypto space.
NFT Market Downturn
The NFT market experienced a significant downturn in January, with total sales volume declining across most chains. Bitcoin NFT volume dropped 39.2%, and Ethereum NFT sales fell 39.1%. However, some newer projects saw isolated growth, indicating there's still life in the NFT sector.
Regulatory and Market Uncertainty
Regulatory developments, such as the U.S. Treasury's new reporting requirements for DeFi platforms, are shaping the market. The emergence of DeepSeekās low-cost AI model and fears of new U.S. tariff policies have introduced volatility, affecting risk assets including crypto.
The Coinbase collapse wiped out $100 billion from Bitcoin's market value in 15 minutes.
#BTC Bitcoin price fell from $64,000 to $59,000.
This was a roughly 9% swing in 15 minutes, as many Coinbase users began showing a $0 balance in their accounts.
It also happened when Bitcoin was less than 10% away from its new all-time high.
Coinbase is reportedly still working to fix the issue.
Coinbase stock $COIN also fell 5% in the 15 minutes after the outage.
$BTC
#BTC Bitcoin price fell from $64,000 to $59,000.
This was a roughly 9% swing in 15 minutes, as many Coinbase users began showing a $0 balance in their accounts.
It also happened when Bitcoin was less than 10% away from its new all-time high.
Coinbase is reportedly still working to fix the issue.
Coinbase stock $COIN also fell 5% in the 15 minutes after the outage.
$BTC
Will the 2024 Halving Impact Bitcoin?
Bitcoin shows a mechanism implanted in its operations, calledĀ Halving, that reduces the reward for the generation of new blocks.
Occurring approximately every four years, Halving remains one of the core processes sitting at the heart of the economics and general market dynamics of Bitcoin. As we approach the Halving of Bitcoin 2024, anticipation and speculation are mounting within the crypto community.
This article dives into the complexities of this Halving and its potential impacts on the valu
Occurring approximately every four years, Halving remains one of the core processes sitting at the heart of the economics and general market dynamics of Bitcoin. As we approach the Halving of Bitcoin 2024, anticipation and speculation are mounting within the crypto community.
This article dives into the complexities of this Halving and its potential impacts on the valu
MicroStrategy announces plans to be āworld's first #bitcoin development company".
Listen to the founder Michael Saylor explain at MicroStrategyās latest Q4 earnings call today.
Listen to the founder Michael Saylor explain at MicroStrategyās latest Q4 earnings call today.
BlackRock and Fidelity spot #Bitcoin ETFs dominate the top 25 ETFs by assets 1 month after launch ā Bloombergs Eric Balchunas
$BTC will pump like this after #halving Take profit and stop loss are mentioned on the chart. Please do your research, I am not a financial advisor. #BTCUSDT #BTCETFS #Bitcoin #BitcoinETFs
UPDATE:š BlackRock and Fidelity surge to over $2b in assets each as Grayscale selling slows down.
JUST IN: 130 year old German VR Bank Bayern Mitte signs partnership with #Bitcoin energy consulting firm Terahash to develop new offerings. "We are expanding our options as part of our Bitcoin strategy," said the bank's Deputy Chairman.
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