After yesterday's article on Bitcoin predictions that forecasted a correction this week, the crypto market is indeed showing signs of decline. But is this correction already underway? Let's analyze the current market conditions and prospects for BTC.
Current Market Conditions : The market is trending red due to the lack of significant economic data from the US and anticipation of the impact of liquidity injections from the People's Bank of China (PBOC) on the M1 monetary aggregate. However, the
Monday starting a promising week ahead? I don't think so.. After Saturday's Doji candlestick, the crypto market is showing signs of uncertainty. Technical analysis indicates a lack of strong signals for a significant uptrend. Key Indicators: - RSI (83) suggesting potential correction. - The absence of major data releases on Sunday and Monday may lead to a narrow trading range. - The nearest resistance at 94.5K needs to be broken to trigger further upside. Influencing Factors: - Asset management'
Unemployment down, but housing starts plummet. RRP surges to $58 billion from $54 billion. This is a sign that the US hasn't given up yet. Bitcoin remains stagnant, and RSI is at 59. US markets are closed, but we know the trade war isn't over. Who will lose first? Wait for Bitcoin's surge to find out! #bitcoin
first article released. check it out ! "BTC what's next? : Market Doesn't Believe in US Economic Data" - Get insights into the cryptocurrency market and BTC predictions! In this article, I discuss the inconsistencies in US economic data and how it affects the cryptocurrency market. I also share predictions about the rise of BTC and alt coins based on market analysis. Don't miss the opportunity to understand this dynamic cryptocurrency market!
hello bugs ! this is my first post. please support and share your thoughts
bugs baggers
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BTC, what's next? : Market Doesn't Believe in US Economic Data
The US economic data shows striking inconsistencies. The 1.4% increase in Retail Sales is questionable, given the current state of the US economy. With a sluggish economy, idle factories, and high inflation (6.7% according to the University of Michigan report), the surge in Retail Sales seems implausible. The market appears to be skeptical of the inconsistent US economic data.
BTC and Alt Coin Predictions : Based on analysis, BTC may experience an increase, driven not only by rising trading volumes but also by the weakening yuan. Rumors of a China Prime Loan rate cut on April 21, 2025, could be a contributing factor to BTC's rise. Meanwhile, alt coins are expected to rise due to BTC's stability.
Conclusion : In uncertain market conditions, it's crucial to monitor economic data and monetary policies. Predictions and analysis can help investors make informed decisions. Given the market's skepticism towards US economic data and the weakening yuan, BTC and alt coins may experience a rise.
Disclaimer : This article is not an investment solicitation. Always conduct your own research and analysis before making investment decisions. Investing carries risks, and you should understand these risks before investing.
BTC, what's next? : Market Doesn't Believe in US Economic Data
The US economic data shows striking inconsistencies. The 1.4% increase in Retail Sales is questionable, given the current state of the US economy. With a sluggish economy, idle factories, and high inflation (6.7% according to the University of Michigan report), the surge in Retail Sales seems implausible. The market appears to be skeptical of the inconsistent US economic data.
BTC and Alt Coin Predictions : Based on analysis, BTC may experience an increase, driven not only by rising trading vol