Tag: traders

Pro Traders Anticipate Low Odds of a Bitcoin Rally Toward $78,000

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Key takeaways: Professional traders remain cautious, pricing low odds for a Bitcoin breakout to $78,000 despite recent ETF inflows. US and Israel-Iran war and soft US labor data offset momentum in Bitcoin ETFs. Bitcoin options: 17% chance of breaking $78,000 Bitcoin (BTC) reclaimed the $70,000 mark again on Wednesday. However, repeated failed attempts to break above $74,000 over the last five weeks have fueled skepticism. The ongoing US and Israel-Iran war, coupled with disappointing US labor numbers, has only added to the cautious outlook. Traders are now evaluating whether recent…

Crypto Traders Ignore High Oil Prices As BTC, Altcoins Rally

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Key points: Rising oil prices have not hurt crypto sentiment as buyers attempt to push Bitcoin above $69,000 Buyers are attempting to propel several major altcoins above their overhead resistance levels, indicating demand at lower levels. A sharp rally in oil prices failed to deter cryptocurrency buyers who pushed Bitcoin (BTC) above $69,000 on Monday. Although the spot BTC exchange-traded funds witnessed outflows on Thursday and Friday, the week saw net inflows of $568.45 million per SoSoValue data.  That was the second successive week of net inflows, a first in…

Solana (SOL) Tumbles to $80, Traders Watch Critical Support Defense

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin Sell-off To $65K Likely As Traders Run From Global Risks

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Key takeaways: Bitcoin faced pressure as rising oil prices and weak US data sparked risk-off sentiment and drove investors to gold. A redemption spike in private credit funds from BlackRock and Blackstone signaled growing anxiety among retail investors. Bitcoin (BTC) saw a 7% correction between Thursday and Friday following a failed attempt to reclaim the $74,000 level. The pullback tracked weak US macroeconomic data and a spike in oil prices as the US and Israel-Iran war entered its seventh day. Traders now question whether Bitcoin can maintain support above $65,000.…

$74K Bitcoin Local Peak? Traders Divided on Bear Market Continuation

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Bitcoin (BTC) traded 4.5% below the $74,000 high reached on Thursday, with traders conflicted over whether this level may have marked the local top for BTC price.  Key takeaways: Bitcoin charts still show similarities to the 2022 bear cycle, suggesting another leg down below $60,000 is possible.  Others say the bottom is in and expect a breakout rally to $75,000–$80,000 to be next.  Is the 2022 BTC price cycle repeating? BTC’s current technical structure, following the latest recovery from $60,000, shows similarities with the middle of past bear cycles. Bitcoin’s…

XRP Price Pulls Back After Rally, Traders Eye Buy-the-Dip Setup

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Ethereum Taps $2.2K as Traders Brace for a Potential Trend Change

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Market analysts said Ether’s (ETH) uptrend was confirmed after the latest 25% recovery to $2,200 from its multi-year lows below $1,800. Key takeaways: Ether rose to $2,200 on Wednesday, as onchain data shows signs of returning demand. ETH price support around $2,100 remains key for the bulls to hold. Ether sellers are “losing control” Ether’s net taker volume suggests that “sellers may be losing control” as demand for ETH derivatives returned, data from CryptoQuant shows.  Net taker volume, a metric that measures the imbalance between buyers and sellers in derivatives…

Bitcoin Traders See Bleak Rebound Odds as $74,000 Fades

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BTC price upside lost momentum after hitting one-month highs as more traders joined bearish predictions for Bitcoin’s next move. Bitcoin (BTC) gave back some gains at Thursday’s Wall Street open as traders hoped that bidders would step up. Key points: Bitcoin begins to lose ground after hitting $74,000, now targeting a potential support reclaim. Bid support remains strong on exchanges in an encouraging signal for trend reversal. Bearish BTC price forecasters remain confident about the rally fizzling. Bitcoin bulls run out of steam at monthly highs Data from TradingView tracked…

Solana (SOL) Rally Builds, Traders Watch Critical $100 Test

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

XRP Price Gathers Strength, Traders Anticipate $1.50 Break

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…