Bitcoin Newser

BITCOIN INDICATOR FLASHING 'ONE OF THE MOST BULLISH SIGNALS,'SAYS ANALYST KEVIN SVENSON HERE'S HIS OUTLOOK
#BTC #Write2Earn #ClaimYourReward

Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a rally of over 10% by the crypto king since the 2025 low reached earlier this month.

In a new strategy session, Svenson tells his 82,800 YouTube subscribers that Bitcoin is looking bullish after the Relative Strength Index (RSI) indicator broke out of a downtrend on the crypto king’s weekly time frame.

The RSI is a momentum oscillator used to determine oversold and overbought conditions.

“Bitcoin has now seen yet another weekly RSI breakout. This is one of the most bullish signals that we’ve seen over the past, well, forever actually. Every time Bitcoin gets one of these weekly RSI downtrend breakouts, we see humongous swings to the upside. These weekly RSI breakouts are no joke.”

According to Svenson, Bitcoin could witness a bullish period that could last into the third quarter of this year if history repeats itself.

“And typically if you do a count [of the weekly RSI breakouts in Bitcoin’s history], these runs last typically about 12 to 14 weeks… which lands us at somewhere in July… or early August. So that means we have multiple months … end of July. Meaning the rest of April, May, June, July to see an uptrend form for Bitcoin.”

The analyst says that over the short term, Bitcoin is likely to trade in a range at roughly between $91,000 and $96,000 before moving higher.

“Bitcoin has made a bullish pivot, we are above the downtrend line…

…we’ve made significant progress over the past two days and there is room for more upside. We’re also sitting at a resistance so likely we get a lot of chop in this zone rather than just expecting straight lines.”

Bitcoin (BTC) and gold are seen as two key pillars of protection against inflation and economic uncertainty, according to John D’Agostino, Head of Institutional Strategy at Coinbase. Speaking on CNBC’s Squawk Box, D’Agostino outlined why large institutional investors and sovereign wealth funds are turning their attention to these assets amid global financial upheaval.
#BTC
As Bitcoin has climbed to nearly $94,000 after its recent lows around $76,000, D’Agostino noted that its rally has been largely driven by large, patient pools of capital. “We’re seeing sovereign wealth funds and long-term institutional investors accumulating Bitcoin,” Agostino said, pointing to the April 2 tariff announcements and the broader de-dollarization trend as key catalysts.

According to D’Agostino, investors concerned about the weakening of the US dollar due to the decline in global trade in US dollars are increasingly holding Bitcoin in their home currency and only converting it into dollars when needed. Underlying this strategic shift is the belief that holding Bitcoin directly can provide better protection than traditional fiat currencies during a period of monetary transition.

He also noted that Bitcoin has shed its association with tech stocks in the post-COVID era and returned to its core value propositions of scarcity, immutability, and portability — characteristics that bring Bitcoin closer to gold, especially as a long-term inflation hedge.

Gold ETF inflows rose by about $8.5 billion in April, while bitcoin ETFs saw net outflows of about $470 million. But D’Agostino emphasized that this divergence underscores a shift in buyer demographics: retail investors were exiting via ETFs, while institutions were buying Bitcoin directly.
“Institutional investors seem to trust Bitcoin’s long-term store of value,” Agostino said, likening the asset to gold in terms of mining scarcity and increasing mining difficulty. “Portability is also a big factor, moving $400 million in Bitcoin is much easier than physical gold.”

Is BTC in 'up only' mode after rising above $94K?

#BTC
#Write2Earn #ClaimYourReward

Bitcoin’s rise to a level not seen in more than a month has many wondering when its price will get back to six digits — and what exactly it will take.

Maybe not as much as you’d think.

Bitcoin was trading around $93,700 at 1:30 pm ET — up 12% from a week ago.

The crypto market benefits from a foundation of “long-term structural growth drivers,” YouHodler markets chief Ruslan Lienkha reminded me — namely deeper integration with TradFi, improving regulatory clarity in the US, adoption via bitcoin ETFs, etc.

A quick note on the inflows into the US spot BTC funds yesterday:

Loading Tweet..

Headwinds in recent months preventing a new all-time high above ~$109,000 include mixed expectations around US tariff policy, future Fed actions and the potential for a recession. That has, as you know, more broadly sent the stock market tumbling in recent weeks.

That said, Lienkha’s view is: “Bitcoin does not require a strong equity rally to move higher. Simply a stable and less volatile macro backdrop would likely be sufficient to support renewed upside momentum.”

While BTC crashed alongside equities earlier this month, it has more recently strayed from acting as a high-beta version of US tech stocks. BitMEX co-founder Arthur Hayes alludes to this in a Tuesday blog post — and in his convo with Forward Guidance’s own Felix Jauvin.

“Now that the global community believes Trump is a madman crudely and savagely wielding the tariff weapon, any investor with US stocks and bonds is looking for something whose value is anti-establishment,” Hayes wrote in the blog post. “Physically, that’s gold. Digitally, that’s bitcoin.”

Major economies printing money to cushion the effects of declining globalization would serve as a tailwind for BTC, he added to Jauvin.

 
Satoshi Back to $100 Billion Club as Bitcoin Can't Stop Growing


#BTC #billion #Write2Earn #ClaimYourReward $

#Satoshi
Satoshi Nakamoto is back in the billionaire club, 10 digits deep to be exact. According to Arkham, the anonymous creator of Bitcoin (BTC) is now again sitting on a crypto fortune worth over $102 billion, as BTC prices crossed $93,000 this week.

This milestone aligns with a restarted bull trend in the crypto market, as Bitcoin continues to crush resistance after resistance with the price increasing by over 5% in just the past 24 hours. Since April 14, though, it's 12% already, and we are talking about the asset with $1.85 trillion market capitalization.

The holdings in question — roughly 1.096 million BTC — have not moved in over a decade. They trace back to a specific set of early mined blocks known in blockchain circles as the "Patoshi Pattern." These early blocks, mined between January and May of 2009, exhibit a unique non-overlapping nonce pattern and consistent block intervals, suggesting they were likely mined by a single individual or entity.



The pattern also includes the only confirmed addresses from which Nakamoto ever moved Bitcoin, a single transaction in 2009. Since then, the holdings have remained untouched. So, these aren’t just any wallets; they are believed to be the only ones directly linked to Nakamoto, based on mining behavior.

If Satoshi Nakamoto did not disappear 14 years ago and was a public figure, then the current net worth would allow the Bitcoin creator to take the 16th spot in Forbes' list of richest people on Earth, outpacing Nvidia's Jensen Huang and the Koch family for example. But would Bitcoin be where it is now if Satoshi was a public figure is an open question.

Bitcoin is cheap while under $100,000, Adam Back says

Commenting on a recent X post published by the Bitwise CIO Matt Hougan about the world’s leading cryptocurrency, cypherpunk Back said that it is wise to buy Bitcoin now, while it is trading below $100,000. Back referred to that price range as “cheap.”

He also agreed with Hougan that after after $100,000, Bitcoin price will start rally harder. The Bitwise CEO explained the current Bitcoin price surge – it has happened because of the current state of the economy, which is poor: “Bitcoin is rallying because they broke the economy.”

Once the US government begins to “fix the economy”, Bitcoin will start rallying harder, he believes.

agreed. buy bitcoin while it's cheap, under $100k.

— Adam Back (@adam3us) April 23, 2025

Over the past 24 hours, Bitcoin spiked by 6.5%, rallying from $88,590 to the $94,355 level. By now, a small rebound has taken BTC down to $93,650.

Bitcoin to hit ATH this year, following gold: Tom Lee

Fundstrat’s Tom Lee visited CNBC’s Squawk Box show this week to talk about stocks, Bitcoin, and gold. Lee believes that Bitcoin is about to start rallying now that the deleveraging that it was facing earlier is over – financial institutions have sold all they could, including Bitcoin, to secure their investments.

This year, the gold price has been rallying hard and reached a new all-time high twice, the most recent one occurred this Monday, when gold hit $3,500 per troy ounce. Tom Lee said that he believes Bitcoin can start catching up to gold, which likely means it may reach a new all-time high.

He said there is a lot of room for Bitcoin to catch up with gold.

#BTC #Write2Earn #ClaimRewards $BTC

Biggest Bitcoin (BTC)
Liquidations in 2025: Bear Market Ended?

#Write2Earn #Claim
With Bitcoin causing the biggest short liquidation event of 2025, the protracted bear market may finally be coming to an end. In just the last day the market saw an incredible $618 million in liquidations with $317 million of that amount coming from Bitcoin. The main cause of this was a huge short squeeze in which 100x shorts with excessive leverage were quickly eliminated.

Data from Coinglass indicates that there is a lot of high-leverage activity on the Bitcoin liquidation heat map, particularly on exchanges like Binance and Bybit. As Bitcoin surged past crucial resistance levels, many short sellers had their stop losses and margin calls hit as evidenced by the concentration of liquidation zones around the $92,000-$94,000 levels.



Technically speaking, Bitcoin is now trading above $93,800 after decisively breaking through several moving average resistances such as the 50, 100 and 200-day EMAs. The bullish narrative is further reinforced by the breakout's technical significance and rising trading volume. A cascading effect of the liquidation mania has driven Bitcoin closer to its next psychological barrier, which is $100,000.

The liquidation heat map shows that there is currently little resistance up to that point, indicating that the rally may go on with little opposition. In addition, market sentiment has changed quickly. Despite the fact that the RSI indicator is approaching overbought territory, the magnitude and momentum of liquidations suggest that this could be the beginning of a new bull phase rather than a brief spike.

The way forward appears clear with the clearing of high leverage shorts and the breaching of technical resistance zones. Bulls have taken back control, and unless there is an outside event that changes this trend, Bitcoin looks to be on track for more short-term growth. This short squeeze could be remembered as the pivotal event of 2025 when the bears lost control and Bitcoin's ascent reached new heights.

BITCOIN RECLAIMS $94000, RISING 6.2%IN 24 HOURS |

#BTCNextATH #BTC #Write2Earn #ClaimYourReward #miningBTC #$ETH

Bitcoin ( BTC) has reclaimed the $94,000 price level, rising 6.2% in the last 24 hours and 12.9% over the past week. This increase reflects a positive shift in market sentiment as the top cryptocurrency continues to attract attention from investors as digital gold. The recent price movement underscores bitcoin’s appeal amid fluctuations in other markets and its potential for significant short-term gains. Additionally, ethereum ( ETH) has risen to $1,790, up 10.2% in the last 24 hours and 14.5% over the past week, further indicating a bullish trend in the cryptocurrency market.