batcat narxBTC

Even though HBAR saw 13.26% gains on Tuesday the 24th of December, its market structure on the daily chart was bearish. The lower high at $0.331 was not conclusively breached yet. On the other hand, the higher timeframe trend was bullish. The Fibonacci levels plotted from the move from the second half of November that reached $0.393 showed that the $0.255 level was the 50% retracement level. The swift bounce from this support zone, which had been tested earlier in December, was a sign of demand. Another firm indication of bullish dominance was seen on the OBV, which has steadily trended higher over the past two months. The RSI bounced off the neutral 50 mark a week ago to highlight the bullish momentum Hedera maintained. A bullish structure break would likely be followed by a quick move beyond $0.4, so long as Bitcoin [BTC] does not experience a major drop. The next bullish targets for the coming weeks would be $0.457, $0.49, and $0.563.$HBAR

Is the Bitcoin peak here? Key BTC cycle top indicators to monitor Waiting for Bitcoin to reach round numbers like $150k or $200k before selling might not be a solid enough plan for investors. Bitcoin [BTC] was inching towards its all-time high once more after facing rejection at the $69k level on the 5th of March. Whales were buying the dip and the daily miner fee was at the highest it has been since December 2021. AMBCrypto reported that we are in the middle of a bull run based on these metrics. Once Bitcoin climbs into price discovery territory, how will the average investor know when to cash out? Some investors might have set plans for themselves, something along the lines of “if Bitcoin reaches $150k, I will sell all my BTC holdings”. It might be any other crypto asset, targeting a round number of $1, $10, or whatever else. However, these targets are not grounded in data or technical analysis.

With investor’s demand for short trades rising, it seems these traders could suffer from a short squeeze. This is when the demand for those taking short causes the opposite market reaction driving prices up. Therefore, if the demand remains constant while supply is falling as observed, we could see Bitcoin reclaim the $100k resistance post-Christmas. However, if the crypto continues trading sideways, it might drop to $96600.$BTC

🩸BITCOIN $BTC → High risk. Falling towards 70K or rising towards 100K?👇 ⚡BTCUSDT forming a correction phase after Powell's speech last week. If the price goes beyond the accumulation boundaries, there will be a risk for a strong fall as the price is approaching the panic zone... ⚡Bitcoin is still in high demand, but private traders are going into a phase of profit taking after negative news, while institutional traders are taking advantage of the moment and buying the asset at a cheap price. But it doesn't mean anything. ⚡Fundamentally, Trump gives a big chance to the cryptocurrency market, but after winning the presidential election the excitement starts to fade and then the risk of revaluation increases. If the market does not get what it was promised, a deep correction may occur. Also, the Fed played a negative role last week: slowing down the rate cuts and negative tone about the strategic reserve and reluctance to have BTC on their balance sheet. ,⚡Technically, despite the breakout of the ascending channel support, the price is still inside the 99K - 86K consolidation

Ethereum’s relative strength to Bitcoin may climb in January, which an analyst says might trigger an Ethereum “altcoin run.” Ether is showing signs of breaking out relative to Bitcoin in January 2025, according to a crypto analyst. TradingView shows Ether’s relative strength to Bitcoin — the ETH/BTC ratio — is currently at 0.0356. MN Capital founder Michael van de Poppe said in a Dec. 24 X post that he “wouldn’t be surprised if $ETH / $BTC breaks through 0.04 in January.” ETH strength may set off Ethereum ‘altcoin run’ The last time the ETH/BTC ratio tapped 0.04 was on Dec. 8, when ETH traded just above the $4,000 psychological price level at $4,018. Van de Poppe predicts that while there will be more inflow into Ether in January 2025, Bitcoin may see outflows, leading to its price consolidating. He expects this to set off an “altcoin run in the Ethereum ecosystem.” The ETH/BTC ratio is up 3.26% over the past 30 days. Source: TradingView Shiba Inu and Mantle , the second and third-largest tokens in the Ethereum ecosystem outside of stablecoins, have respectively risen 7.10% and 3.32% in the past 24 hours. Bitcoin has continued to trade below $100,000 at $98,805, according to CoinMarketCap data. It first reached the six-figure milestone price on Dec. 5. Analysts eye spot Ether ETF outperformance Some analysts say that spot Ether exchange-traded funds (ETF) may outperform Bitcoin ETFs in 2025. ETF Store president Nate Geraci said in a Dec. 20 X post that “net inflows into ETH ETFs are “currently on pace w/ gold [ETFs], but I expect inflows to accelerate from here.” Pseudonymous crypto trader Brent echoed a similar sentiment, posting on X that “ETH is the most under-owned asset in the world. Study what happens to a ball forcibly held underwater.” It comes not long after a crypto analyst said that Ether’s underperformance against Bitcoin may be nearing its end. Into The Cryptoverse founder Benjamin Cowen wrote to X on Dec. 4 that he thinks “the ETH/BTC collapse is over (or nearly over), and it should go higher over the next 6-12 months.”