DaveBrsacoFX

Shib Trend Down Bearish Strong Resistance at 0,0000124 Shib has tried to test the strong Resistance 3 Times and Failed Failed Resistance Tests 16.Feb2022 30Oct.2023 07.Feb2023 The Bears and Strong Sellers took Full Control latestly ON THE 7th Feb.2023 ---------------------------------------> See B If we look on the bigger Picture we discover some more interesting Details and that the Failed Tests should only be a logical conclision in February After the big Bullish ralley 2021 tHE BUYERS AND Big Institutions took Big Profits at 0,0000681 where Aressive Sellers Have been Waiting To attack Shib down See A1 At 0,0000278 The Sellers Took partial profits The most Buyers took profits The retail Traders Stops hit and swam them away out of the market New Buy orders have been activated , the market found a temporary Support A2 Now it´s time to accumulate. The sellers pushed more assets and liquidity to defend their positions The buyers who have been in losing positions took losses, pr partial profits, whatever they started to sell the same way On May5th 2022 Finallly the market broke down the Bearish Consolidation and Pushed down the market Current situation based on the technicals and fundamental datas Sellers are defending much more than ever before The failed Bullish test Area (B) and pushing down © The trend is currently bearosh at all TF. My Strategy is Bearish. TrendComment: Shiba Inu enters the Metaverse On 15 March, Shiba Inu announced the opening of the shib.io website, which is the portal for its Metaverse. The launch came after months of planning and selling Metaverse territories. Following the launch of the new site, the SHIB community welcomed another platform that may provide utility to the SHIB token. The Shiba Metaverse’s functionality could be added to the Shibarium testnet, which was recently released. We chose to ask our AI friend, Chat GPT, its opinion about the Metaverse in light of its increasing popularity and Shiba’s introduction of its version. It produced some intriguing results.Comment: Within the Shibaverse ecosystem, the SHIB token may be useful for several purposes, including payment, governance, staking, and community involvement.Comment: As of this writing, on a four-hour timeframe, SHIB appeared to be experiencing a tug-of-war between sellers and buyers. It lost around 3.8% of its value within the last 24 hours and was exchanging hands at $0.000009421. Moreover, the position of its Relative Strength Index at 28.18 suggested that the token was undervalued.Comment: Can SHIB cross $1 by December 2023? When this inquiry was hurled at ChatGPT, it could not provide a definitive response, even in its liberated state. This is not surprising, as predicting any price fluctuation requires significant historical data to initiate the process. Nevertheless, in its reply, while not pinpointing a precise figure, it acknowledged that SHIB has the potential to soar in the days ahead.Comment: as the pump in newer meme coins like Pepe and SpongeBob has eased, Shiba Inu has come under intense selling pressure.

AVAX on THIN ICE Bankrupt exchange Voyager Digital to shut shop after failed deals, details inside According to Voyager Digital’s lawyers, the crypto lender will self-liquidate its assets after failing to reach an agreement on a sale to either FTX US or Binance.US. The announcement, shared in a court filing on 5 May, comes just ten days after Binance.US abruptly backed out of a $1 billion deal to buy Voyager Digital’s assets when the US government intervened to prohibit part of it. Prior to the agreement with Binance.US, the crypto lender made a similar offer to FTX. When FTX went bankrupt alongside Voyager in November, the first contract was cancelled. Voyager stated in a filing that a number of digital assets on the platform that cannot be removed will be liquidated and returned to its users. These assets include major cryptocurrencies such as Algorand , Celo and Avalanche . Avalanche’s latest collaboration with Chinese company Alibaba could change the game for AVAX in the cryptocurrency market. At press time, the excitement of the partnership was reflected on the AVAX charts. Avalanche managed to secure a major partnership that could make it a stronger contender in the metaverse. AVAX sees low demand despite the hype around a new partnership and supports retest. Avalanche could be about to spice things up in the metaverse thanks to a major development that might be a game-changer. The development in question is a partnership with Chinese tech giant Alibaba. According to Avalanche’s official announcement, the two secured a partnership through which Avalanche will be the conduit for Alibaba’s metaverse pursuits. The partnership will focus on Alibaba’s Cloudverse, the cloud computing segment of the Chinese company which already has millions of customers. Avalanche will provide the decentralized technology to support this metaverse endeavor. Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers. #Avalanche will provide all blockchain elements for Cloudverse Today, @alibaba_cloud announced that they are entering the metaverse--on Avalanche! With Cloudverse, Alibaba Cloud's millions of clients can easily deploy custom metaverses and unlock new dimensions for consumers. #Avalanche will provide all blockchain elements for Cloudverse One of the ways to tell if the excitement has been converted into strong demand is to evaluate on-chain volumes. AVAX on-chain volume experienced a slight upside in the last 24 hours, although likely not strong enough to support enough bullish excitement. Despite the lack of strong demand within the first 24 hours after the announcement, there was one key factor that may still support a strong bounce. AVAX’s price action had been trading within a tight range after finding support near the $16.50 price range. More importantly, the price was recently pushed into an ascending support line. The same support level may act as a bounce-off zone if AVAX can secure enough bullish demand in the next few days. Its MFI already pivoted after previously registering outflows. Weak bullish demand or a surge in sell pressure may also manifest in the market sentiment shifts in favor of the bears.Comment: Avalanche’s Q1 performance was not the best; will Q2 be any different? Avalanche witnessed declines across several areas in Q1, such as active addresses, NFT sales, and TVL. However, its revenue registered an increase in the last quarter.Comment: Messari published Avalanche’s quarterly report on 2 May, highlighting how the blockchain performed during Q1 2023. A key takeaway was that AVAX’s market cap rebounded along with the broader market, increasing 65.8% quarter-on-quarter (QoQ).Comment: Avalanche’s Q1 performance in a nutshell In terms of active users, Q1 was not the best for the Avalanche network, as it registered a decline. Avalanche’s daily average active addresses across the C-Chain and subnets declined by 20.7% QoQ. However, it should be considered that the decline was noted as there was an unusual surge in active addresses in Q4, driven by a rise in NFT minting. If the spike is omitted, then the number of active addresses was stable.Comment: A positive development in Q1 was that Avalanche’s revenue increased. To be precise, the network’s revenue denominated in AVAX steadily increased by more than 10% QoQ. The increase in revenue was largely due to an 18.2% increase in transaction fees, which came from the network experiencing moments of instability during the concluding weeks of the last quarter. Avalanche’s state in DeFi The blockchain’s performance in the DeFi space was not the best in Q1 either, as its network value declined. Avalanche’s TVL denominated in AVAX declined by more than 34%. Nonetheless, it was interesting to note that the TVL, when denominated in USD, rose by 4%. As per Messari’s report, this incident suggested an asset price increase in USD rather than a new capital inflow.

Solana nears an important resistance Solana nears an important resistance, but here’s why bulls can prevail Trading volume wavered; negative sentiment increased The $22.4 level was pivotal to bullish hopes of a rally to $23.7 and beyond, but the bears stood their ground and have not weakened yet. The H4 market structure was bearish after the higher low at $22.9, formed on 29 April and broken on 1 May. Since then, SOL bulls were unable to break the recent lower high. If Solana can see a 4-hour trading session close above $22.49, it would indicate a shift in market structure to bullish once again. The bearish bias on H4 was outweighed by the bullish market structure on the daily timeframe. Yet, in order to initiate a rally, the bulls must consume all the sell orders placed at the $22.4 resistance zone. The Visible Range Volume Profile tool showed that the Point of Control (red) was at $22.18, which demarcated the level where the highest amount of trading in the past five weeks has taken place. Therefore, the bears will likely put up a stiff fight. The OBV was flat in May, and the MACD formed a bullish crossover beneath the zero line. When combined, they showed that momentum was weakly bearish, but neither bulls nor bears were dominant. Hence, traders can wait for a breakout past $22.4 and a subsequent retest before buying SOL, targeting the Value Area High at $23.7 to take profits. Solana faced another price rejection at the FVG zone of $23.2 – $24.0. The pair could retest the zone again. Solana suffered over 5% losses in the past seven days. It saw rejection at $23.99 on 30 April and traded at $22.16 at press time. On the daily front, the “Ethereum killer” was only up by about 0.12% in the past 24 hours. Despite its daily and weekly dismal performance, SOL could offer an exciting opportunity for swing traders if a pullback retest occurs at the immediate support level. At press time, Bitcoin struggled to cross FWB:29K and could trigger SOL to retest this key support. The sharp drop on 19 April left an FVG (fair value gap) between $23.19 and $24.01. Price action filled the zone on 19 and 30 April, leading to a sell-off. The drop retested $21.27 support, followed by a rebound that faced rejection at the same FVG zone. A pullback retest at the $21.27 support and confirmed uptrend could offer a new buying opportunity, targeting the immediate obstacle at the FVG. The stop loss will be $20.36, just below the support. A close below the support zone near $21.27 will invalidate the above bullish thesis. The support has proven steady since the second half of April and will indicate a weakening structure if it cracks. Such a downswing could see SOL retest at $19.92 or March lows of $17.30. The RSI fluctuated near the median level – indicating the buying and selling were equal in the same period. Similarly, the CMF (Chaikin Money Flow) hovered near the zero mark – evidence of fluctuation between outflows and inflows of money into SOL’s market. According to Santiment, SOL saw significant fluctuations in trading volume since the end of April. At press time, the volume declined further, limiting prospects of a strong recovery. As such, SOL could retest the support if more price slump hits it. The negative sentiment also deepened at the time of writing as funding rates flipped to negative. It shows investors’ confidence in the asset was dented, and demand in the derivates market faltered. However, a bullish BTC could quickly change SOL’s fortune.

XRP Ripple is making a correction within uptrend CRYPTOCAP:XRP   BITSTAMP:XRPUSD   BINANCE:XRPUSDT XRP Ripple is making a correction within uptrend Ripple CEO addresses XRP community members amidst SEC v. Ripple lawsuit CRYPTO BULLISH US to take a constructive approach in regulating digital assets War boosts demand in Bitcoin Big Russian money could flow into Bitcoin to avoid the US sanctions Fed delivering only a few rate hikes next year would be great news for cryptos Bitcoin is paving its way to traditional finance Adidas news is ‘probably a big thing’ Inflation trades will keep doing better and better, crypto better days lie ahead People rush to Bitcoin as a new-age inflation hedge The SEC is poised to allow the first exchange-traded fund based on BTC futures Negative real interest rates and post-pandemic era can boost blockchain A Bitcoin ETF seems likely to happen, paving the way for the next boom El Salvador leads world in adopting bitcoin as official currency, a big step Senate reaches a deal over crypto amendment, supporting to not kill the industry CRYPTO BEARISH Reputational setback to further weigh on prices Cryptocurrencies to take a severe hit amid general market panic and industry-wise discomfort Russia/Ukraine conflict to accelerate the regulation of the crypto industry Higher energy prices make crypto mining more expensive Bitcoin to suffer amid geopolitical tensions Bitcoin hit by global risk appetite and shutdown in Kazakhstan Rising US yields are applying a visible downside pressure on the pricing of cryptocurrencies Biden's infrastructure bill is bad for Bitcoin Memecoins are now a problem Cryptocurrencies will be regulated by governments Spike in energy prices to become a burden for Bitcoin China bans cryptocurrencies, again Delta variant causing concerns, risk appetite disappears SEC v Ripple Silence Left XRP on the Back Foot Again There were no SEC v Ripple case updates to impact on Sunday. The lack of updates left investors in a cautious mood. After last week’s extended pullback, XRP may face further selling pressure as investors grow anxious about the outcome of the SEC v Ripple case. Optimism has faded, leading to the XRP pullback from the March 29 high of $0.58479. On Saturday, Ripple CEO Brad Garlinghouse may have spooked investors, saying. “Great to meet so many folks from the XRP community at XRP Las Vegas 2023 – the camaraderie is remarkable (and an amazing feeling in person vs Twitter!). This community has stood by and supported Team Ripple as we have fought the good fight… I can’t adequately express my gratitude.” It is unclear whether the Ripple CEO was aware of an imminent ruling. There was no crypto event to deliver the sixth bearish session of the week.Comment: Ripple CEO Brad Garlinghouse Sends Message to XRP Holders. Here’s What He Wrote Brad Garlinghouse, the Chief Executive Officer at Ripple, has recently sent a message of gratitude to the XRP community members that have stayed resolutely behind Ripple in its ongoing lawsuit filed by the United States Securities and Exchange Commission (SEC). Since the case began, both Ripple and the SEC had faced numerous challenges. And the XRP community has been throwing their weights behind Ripple when necessary, Ripple’s leadership obviously appreciates. This community’s effort was also recognized by Ripple CEO at the XRP Las Vegas 2023 meeting. After the meeting, Garlinghouse Garlinghouse took to Twitter on the 6th of May to express his gratitude for the immense support from the XRP community since the beginning of the long-standing lawsuit until now. Great to meet so many folks from the XRP community at #XRPLasVegas2023 – the camaraderie is remarkable (and an amazing feeling in person vs Twitter!) This community has stood by and supported Team Ripple as we have fought the good fight…I can’t adequately express my gratitudeComment: What are the Major Differences between Ripple and XRP? Here’s the Summary What is Ripple? Ripple is a technology company that provides a decentralized payment system to enable fast, secure, and low-cost international money transfers. Chris Larsen and Jed McCaleb launched the firm in 2012 with the goal of transforming the Finance sector. Ripple’s headquarters are in San Francisco, California, and the company maintains offices all around the world. The organization has a lengthy history of blockchain and cryptocurrency innovation. It was one of the first startups to create a blockchain-based payment system for banks. The company has also created its own digital currency, XRP, which is used to facilitate cross-border transactions. Ripple’s services and solutions are intended to address some of the most serious challenges confronting the global payments sector. The company’s flagship product is RippleNet, a global network of banks and financial institutions that use Ripple’s technology to enable fast and secure cross-border payments. RippleNet enables financial institutions to instantaneously settle transactions at a cheaper cost and with better transparency than existing methods. Aside from RippleNet, the company provides a variety of other products and services. xCurrent, which is used by banks to settle cross-border payments, xRapid, which utilizes XRP to offer liquidity for international payments, and xVia, which allows enterprises to transmit payments over the RippleNet network, are examples of these. What is XRP? XRP is a digital asset that was created by Ripple to facilitate cross-border payments. XRP is intended to be a quick and inexpensive means to send money over the world. The currency was founded in 2012 and has since grown to become one of the most valuable cryptocurrencies in terms of market value. XRP’s mission is to offer liquidity for cross-border payments. When banks use Ripple’s technology to send money across borders, XRP acts as a bridge currency to make the transaction possible. Financial organizations can use XRP to settle transactions immediately and at a lesser cost than previous methods. XRP differs from other cryptocurrencies in several ways. XRP, unlike Bitcoin and other cryptocurrencies, was not intended to be a store of value or a medium of trade. It is most commonly used as a bridge currency for cross-border payments. XRP is also unique in that it is a centralized cryptocurrency, which means that Ripple controls it. This has sparked debate in the cryptocurrency world, with some claiming that XRP is not a legitimate cryptocurrency. Regardless of these distinctions, XRP has several advantages over other cryptocurrencies. One of the most significant advantages is speed. XRP transactions are practically instantaneously completed, whereas Bitcoin transactions might take several minutes or even hours to confirm. XRP also offers cheaper transaction costs than Bitcoin, making it a more appealing cryptocurrency. Difference Between Ripple and XRP One of the most significant distinctions between Ripple and XRP is in their technology and functionality. Ripple is a blockchain-based payment system that enables financial institutions to instantaneously settle transactions at a cheaper cost and with better transparency than existing methods. In contrast, XRP is a digital asset that serves as a bridge currency to allow cross-border payments. Financial organizations may use XRP to settle transactions immediately and at a lesser cost than previous methods. Another difference between Ripple and XRP is in their ownership and control. Ripple is a centralized company, meaning that it is controlled by Ripple itself. Ripple’s xRapid solutions leverage XRP to give banks and other financial institutions access to on-demand liquidity. Ripple does not own or control the technology that powers the digital currency XRP.

Ethereum Bulls to Target $2,100 on Easing Recession Fears Cryptocurrencies have also been seen by some investors as a speculative hedge against inflation and the Fed's plans to curb inflation could weigh on the broader cryptocurrency sector. On Friday, ETH joined the broader crypto market in a bullish session, gaining 6.28% to end the day at $1,996. US economic indicators and staking statistics supported an ETH return to $2,000. However, the technical indicators remained bullish, signaling a return to $2,100. BIAS SHORT- and MIDTERM BULLISH Stong Supports 1594 D-POC AND 1034 NEXT WEEK IS IMPORTANT A PULLBACK TO 1034 WITH LOW VOLUME MEANS THE BULLS WILL DISTIBUTE THEIR POSITIONS AND MOBILIZE TO ATTACK THE BEARS VERY AGRESSIVELY A PULL BACK WITH HIGH FAT THICK LONG VOLUME MEANS BEARS GONNA TAKE FULL CONTROL OF THE MARKET AND SEND ETHEREUM TO THE DEEPEST LEVELS POSSIBLE LOSING OF 1034 MEANS CRYSTAL CLEAR ABSOLUTE BEAISH TREND ON THE SAME TIME THIS ZONE IS A LOW VOLUME AREA: IF VOLUME IS INCREASING IN THIS AREA AND THE BULLS DO NOT ANSWER AGGRESSIVELY AND QUICK, we will ceate a midtem sideways and consolidating area: WHAT DOES THAT MEAN? WELL THE BULLS TRY TO TAKE PARTIAL POFITS OR COMPENSATE THEI LOSSES WHILE SELLERS AND BEARS WILL ACCUMULTAE MORE CAPITAL AND LIQUIDITY TO PRESS DOWN THE COIN THEN 1034 WILL BECOME THE FIST BUT VERY STRONG RESISTANCE! MY 8Q STRATGY: 6Qs ae bullish 2Qs neutral: bUT THE MOST IMPORTANT AND LAT CONFIRMATION IS BEARISH I CALL THIS BULL/BEAR TRAP DESTROYER!!! AND SEE YOURSELF THE PAST RESULTS!!!! AMAZING HUH? WELL UNTIL THIS LAST CONFIRMATION IS RED I TRADE THE BEARISH SETUP: GOING SHOT NEAR OF THE HIGH AND PUTTING A VERY TIGHT STOP AT AROUND 2180USD! WHY? BECAUSE THE 2093 THE CONFLUENCE WEDGE LINE IS VERY IMPORTANT TRIGGER THAT ALMOST WORKS AS SUPPORT AND RESISTANCE! BREAKING ABOVE 2096+ pullback and holding above this area+ High volume means BULLISH SET UP. Better: Use divergence if pullback (SEEL PULLBACK SCENARIO in PINK) You must have highe highs and higher lows and then take the move after the 2nd HH and HL Stop. I give more rooms to trae and try to myake it very difficult for the maket to hit me. You Stop. DEPENDS ON YOU RISK AVERSION ;CAPITAL SIZE;ACCOUNT SIZE;LOT SIZE But I recommand ALWAYS TO WORK WITH STOPS !!!ALWAYS!!! AS PROTECTION YOUR CAPITAL IS THE MOST IMPORTANT LAW AND RULE OF SUCCESSFULL TRADING!!!! EVER!NEVER! A mixed start to the day saw ETH slip to an early low of $1,876. Steering clear of the First Major Support Level (S1) at $1,858, ETH rallied to a late afternoon high of $2,000. ETH broke through the Major Resistance Levels to end the day at $1,996. US Jobs Report Eased Recession Jitters but Leave Fed Rate Hikes Subdued It was a busy Friday session for the global financial markets. The all-important US Jobs Report drew interest ahead of next week’s US CPI Report. Nonfarm payrolls jumped by 253k in April versus a forecasted 180k increase. In March, nonfarm payrolls rose by 165k. Significantly, average hourly earnings were up 4.4% year-over-year versus 4.3% in March. Economists forecast average hourly earnings to increase by 4.2%. As a result of the better-than-expected NFP number, the US unemployment rate fell from 3.5% to 3.4%. Economists forecast the unemployment rate to rise to 3.6%. The Jobs Report eased recessionary fears, supporting riskier assets. However, market bets on a 25-basis point Fed interest rate hike in June remained subdued. According to the CME FedWatch Tool, the probability of a 25-basis point June interest rate hike rose from 0.0% to 8.5%. The Jobs Report did wipe out bets of a June rate cut, with the chances of a rate cut falling from 9.2% to 0.0%. While the combination of easing recessionary fears and subdued bets of another Fed rate hike delivered support, sentiment could change on Wednesday. The US CPI Report has to show softer inflation to keep the Fed hawks silent.Comment: Overnight, the withdrawal profile was bullish. A lower volume of principal ETH withdrawals and a projection of modest principal ETH withdrawals are bullish price indicators. The staking inflows delivered a positive net staking balance. On Friday, the net ETH staking balance stood at a surplus of 64,890 ETH, equivalent to $122.78 million. Deposits totaled 120,880 ETH versus withdrawals of 56,000 ETH. According to TokenUnlocks, total pending withdrawals stood at 0.282 million ETH, equivalent to approximately $0.536 billion.Comment: ETH Technical Indicators ETH needs to avoid the $1,957 pivot to retarget the First Major Resistance Level (R1) at $2,039. A move through the morning high of $2,020 would signal a breakout session. However, ETH staking statistics and the crypto news wires must support a breakout. In the event of an extended rally, the bulls would likely test the Second Major Resistance Level (R2) at $2,081 and resistance at $2,100. The Third Major Resistance Level (R3) sits at $2,205. A fall through the pivot would bring the First Major Support Level (S1) at $1,915 into play. However, barring a crypto market sell-off, ETH should avoid sub-$1,900 and the Second Major Support Level (S2) at $1,833. The Third Major Support Level (S3) sits at $1,709.Comment: Looking at the EMAs and the 4-hourly candlestick chart (below), it was a bullish signal. Ethereum sat above the 100-day EMA, currently at $1,899. The 50-day EMA converged on the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, delivering bullish signals. A bullish cross of the 50-day EMA through the 100-day EMA would support a breakout from R1 ($2,039) to target R2 ($2,081) and $2,100. However, a fall through S1 ($1,915) would bring the EMAs into view. A fall through the 50-day EMA ($1,897) would send a bearish signal.

BITCOIN WILL RISE HIGHER Judge Rules Bored Ape Yacht Club Ripoff NFTs Violated Yuga Copyright A U.S. court in California has handed Yuga Labs, the company behind the popular Bored Ape Yacht Club (BAYC) NFT collection, a legal victory in the form of a partial summary judgment in its case against Ryder Ripps and Jeremy Cahen. MY STRATEGY Long PT 1 37000-39000 PT2 42950 Below 15750 my setup is shortComment: Fed’s Plans and Long-Term Investor Interest Could Send Bitcoin Beyond $30K Mark Bitcoin (BTC) has been hovering precariously in the $29,000 region for over a month after showing a steady 11% increase during the same period. Such dynamics, after a protracted market freeze, could be signaling the possibility of a major bull run at the slightest hint of positive news backgrounds, especially from the regulator and institutional ends. Present Fears The vaunted $30,000 mark is seen as a serious resistance for Bitcoin’s price, which is evidenced by the recent rush of thousands of BTC holders to fix their profits in recent months. A total of a record $80 million were liquidated off the market in perpetual futures positions on April 26, giving the bears a good reason to start pondering the possibility of a price breakout in the very near future. The events of late 2022 and early 2023, including the collapse of the FTX exchange, are likely the main drivers of long-term investor sentiments and market momentum. As the price of BTC continues to pick up the pace, the meager balances of crypto exchanges, which currently number a total of around 2.19 million BTC, are good evidence of ongoing accumulation of reserves before an impending appreciation of the asset. Institutional investors are also in the same league, with the likes of MicroStrategy (MSTR) stockpiling an additional 7,500 Bitcoins to their portfolios in the last two months, bringing the total holding to around 140,000. With that number equaling approximately $4.1 billion at the current price, there is reason to believe that the company’s analysts are expecting a major price increase. The domino-like collapse of the banking sector in the United States is only fueling such belief as confidence in alternative value storage instruments like Bitcoin starts gaining weight. Aiming High Historical data on Bitcoin’s price performance is strong evidence to suggest that the current price will either be maintained or will go on the offensive by May. The saying “sell in May and forget” is proof thereof, though the market can decide to take a dip at any time as well. Most analysts are convinced that Bitcoin is “destined” to reach a price level of around $40,000-45,000 in the third and fourth quarters of the year. The foundation for such anticipation is the ongoing search for bullish events in the market that could trigger a price increase. However, many experts are convinced that both institutional and retail investors should come to terms with Bitcoin possibly returning to a correction level of $25,000. Though at first glance, such a downshift could seem pessimistic, it does provide a favorable threshold for more investors to enter the asset in preparation for the next bullish cycle that would lead to the predicted price highs. The Fed Factor One significant event that could act as a catalyst for market growth is the recent Fed meeting, which resulted in a new 0.25% rate jump. The glaring risks of a recession and a raging banking crisis will be pushing the regulator to loosen the screws of its monetary policy, exerting significant pressure on both the cryptocurrency and stock markets. Recent statements made by the Fed indicate that the United States has reached a critical level of public debt it can no longer support in light of the weakening global position of the US Dollar. With that in mind, the U.S. can start changing its economic policy, turning significant attention and pinning big hopes on the cryptocurrency market. Through the Mists Bitcoin’s price is highly dependent on supply and demand. At present, demand is lagging, since investors are looking for alternatives in commodities for storing value. However, sudden movements made by regulators like the Fed have always resulted in a sharp increase in demand for Bitcoin, as the asset is an untraceable investment instrument. Another factor that could whip up Bitcoin’s price is the next halving, exactly one year away. With commodities markets in turmoil, BTC mining difficulty set to increase, and the U.S. banking system faltering, Bitcoin could be realistically looking at local maximum values anywhere between its current price of $30,000 and the predicted optimistic highs of $45,000 all the way by the end of the year.

Bitcoin on BUYING Pole Position What do Bitcoin's defenders say? Some of Bitcoin's most ardent defenders have tried to paint Bitcoin as green as possible. The Bitcoin Mining Council was created earlier this year to “promote transparency” about the industry. The Council shared a presentation in July that claimed 56% of the electricity behind the crypto came from sustainable sources. Fed Meets Market Expectations With 75 Basis Point Rate Hike, Bitcoin Jumps 5% The Federal Reserve delivered an interest rate hike of 75 basis point today, lifting the target range of its benchmark interest rate to between 2.25% and 2.5%. The move met the expectations of analysts, who predicted the Fed would lift interest rates by 75 basis points this month. Less than a week ago, the European Central Bank shocked investors as it raised interest rates for the first time in 11 years, delivering a larger-than-expected rate hike of 50 basis points. Ahead of today’s meeting where the Fed made its announcement, both crypto and the stock market saw some relief. Major stock indexes were up, including the S&P 500 (1.39%) and the tech-heavy Nasdaq (2.48%), along with the Dow Jones Industrial Average (0.3%), as today’s meeting began, according to Nasdaq.Comment: Fed’s Plans and Long-Term Investor Interest Could Send Bitcoin Beyond $30K Mark Bitcoin (BTC) has been hovering precariously in the $29,000 region for over a month after showing a steady 11% increase during the same period. Such dynamics, after a protracted market freeze, could be signaling the possibility of a major bull run at the slightest hint of positive news backgrounds, especially from the regulator and institutional ends. Present Fears The vaunted $30,000 mark is seen as a serious resistance for Bitcoin’s price, which is evidenced by the recent rush of thousands of BTC holders to fix their profits in recent months. A total of a record $80 million were liquidated off the market in perpetual futures positions on April 26, giving the bears a good reason to start pondering the possibility of a price breakout in the very near future. The events of late 2022 and early 2023, including the collapse of the FTX exchange, are likely the main drivers of long-term investor sentiments and market momentum. As the price of BTC continues to pick up the pace, the meager balances of crypto exchanges, which currently number a total of around 2.19 million BTC, are good evidence of ongoing accumulation of reserves before an impending appreciation of the asset. Institutional investors are also in the same league, with the likes of MicroStrategy (MSTR) stockpiling an additional 7,500 Bitcoins to their portfolios in the last two months, bringing the total holding to around 140,000. With that number equaling approximately $4.1 billion at the current price, there is reason to believe that the company’s analysts are expecting a major price increase. The domino-like collapse of the banking sector in the United States is only fueling such belief as confidence in alternative value storage instruments like Bitcoin starts gaining weight. Aiming High Historical data on Bitcoin’s price performance is strong evidence to suggest that the current price will either be maintained or will go on the offensive by May. The saying “sell in May and forget” is proof thereof, though the market can decide to take a dip at any time as well. Most analysts are convinced that Bitcoin is “destined” to reach a price level of around $40,000-45,000 in the third and fourth quarters of the year. The foundation for such anticipation is the ongoing search for bullish events in the market that could trigger a price increase. However, many experts are convinced that both institutional and retail investors should come to terms with Bitcoin possibly returning to a correction level of $25,000. Though at first glance, such a downshift could seem pessimistic, it does provide a favorable threshold for more investors to enter the asset in preparation for the next bullish cycle that would lead to the predicted price highs. The Fed Factor One significant event that could act as a catalyst for market growth is the recent Fed meeting, which resulted in a new 0.25% rate jump. The glaring risks of a recession and a raging banking crisis will be pushing the regulator to loosen the screws of its monetary policy, exerting significant pressure on both the cryptocurrency and stock markets. Recent statements made by the Fed indicate that the United States has reached a critical level of public debt it can no longer support in light of the weakening global position of the US Dollar. With that in mind, the U.S. can start changing its economic policy, turning significant attention and pinning big hopes on the cryptocurrency market. Through the Mists Bitcoin’s price is highly dependent on supply and demand. At present, demand is lagging, since investors are looking for alternatives in commodities for storing value. However, sudden movements made by regulators like the Fed have always resulted in a sharp increase in demand for Bitcoin, as the asset is an untraceable investment instrument. Another factor that could whip up Bitcoin’s price is the next halving, exactly one year away. With commodities markets in turmoil, BTC mining difficulty set to increase, and the U.S. banking system faltering, Bitcoin could be realistically looking at local maximum values anywhere between its current price of $30,000 and the predicted optimistic highs of $45,000 all the way by the end of the year.