-
Search Results
-
BTCUSD (BITCOIN) UPDATE
- While 70K is pivotal in setting the tone key levels are outside of it around 65K and 76K.
- It is hard to see what BTC is correlating with other than getting some support as an alternative to physical gold
- Using the chart, 68702 needs to hold followed by a break of 75946 to build up momentum while a break of 64986 would send the risk the other way.
- Otherwise, expect more chop within a 65k-76k range.
BTCUSD DAILY CHART
Bitcoin trades sideways near $70K as macro pressure caps upside
The total crypto market cap saw a modest recovery and briefly moved above the $2.5 trillion mark before facing resistance and stabilising around $2.49 trillion.
The Crypto Fear and Greed Index saw no change over the past 24 hours, remaining stuck within “Fear” levels at 31.
Bitcoin got rejected today at SMA 7 that serves as a resistance now.
65 K is in crosshair
64.500 is a last line od defense, which if broken open a way for test of 60 K
European session wrap: Markets stay on edge as Middle East conflict drags on
Brent crude oil up 0.5% to $108.17, WTI crude oil up 0.3% to $94.93
CAD leads, JPY lags on the day
European indices set to end the week lower, S&P 500 futures down 0.3%
Gold up 0.3% to $4,662, Silver down 1% to $72.20
US 10-year yields up 1.7 bps to 4.30%
Bitcoin up 0.3% to $70,701
BTCUSD – Weekly Chart
On Wednesday, the Federal Reserve held the policy rates, while the US wholesale inflation surged.
After reachning above the important level of 74.430 Bitcoin lost its mojo and dived below 72 K
Now it is not all lost – yet, but we’ll have to see if Support at 69.135 can holds…
If not 60 K will be a magnet, with 50 K starting to be resonable…
Now it is too early to call it , as todays move is clearly a reaction to FOMC….
Bitcoin needs to take over that 74.430 and stay above it, to be able to charge towards 80 K first and 90K being a target of such a move.
Bitcoin tops $74.5K but are pro traders turning bullish again?
Bitcoin derivatives remain bearish as traders hedge against a price drop despite BTC reclaiming the $74,000 level.
Fears of a global energy shortage mount as the Strait of Hormuz remains closed, forcing investors into safe-haven Treasury assets.
Bitcoin (BTC) climbed above $74,000 on Monday, following gains on the Nasdaq IndexDespite this bullish background, Bitcoin derivatives suggest professional traders were unfazed by the rally that pushed prices to a 40-day high.
European markets wrap: Oil off early highs, risk mood picks up for now
WTI crude oil down 1.5% to $97.30, Brent crude oil down 0.2% to $103.20
US dollar lower across the board as risk sentiment improves
European indices slightly higher, S&P 500 futures up 0.7% on the day
US 10-year yields down 3 bps to 4.25%
Gold down 0.1% to $5,017, Silver down 1.5% to $79.31
Bitcoin up 2.5% to $73,630
XAUUSD (GOLD) UPDATE
- What stands out is (physical) GOLD and (digital) BITCOIN moving in opposite directions.
- Whatever the reasons, the break of $5000 has put bulls on the defensive where 4880 needs to hold to keep the focus on 5000 and above.
- Intra-day support: 4867 (Low of the day)
- Intra-day resistance: 5035 and 5064
- In any case, 5000 is clearly pivotal and trades defensive while below it.,
XAUUSD DAILY CHART
Bitcoin Slides 2% as Oil Surges 10.5% After Tanker Attacks
Bitcoin (BTC-USD) traded lower Thursday as a sudden spike in oil prices rattled risk sentiment across global markets, underscoring how geopolitical tensions in the Middle East are continuing to shape investor positioning. The largest cryptocurrency slipped as much as 2% and hovered near $70,000 early in New York after attacks on two oil tankers in Iraqi waters pushed energy markets sharply higher. Brent crude surged as much as 10.5%, briefly lifting oil back above $100 a barrel and prompting a broad risk-off move that extended into equities and digital assets.
Bitcoin to $78K? Pro traders price in less than 17% odds of a breakout
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 $78,000Bitcoin (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.
Bitcoin Hits Range Highs: Rejection Could Send Price Toward $62,800
Bitcoin has climbed back to the top of its current trading range, placing the market at a critical decision point. While a breakout could open the door to further upside, failure to push higher may trigger a sharp rejection. If selling pressure emerges at these highs, Bitcoin could rotate back toward the key support level around $62,800.
Instead of chasing the upward momentum, the current technical setup suggests that a shorting scenario is much more compelling.
If Bitcoin begins to drop from its current position and loses the critical market structure level at $69,383, it would signal a shift in momentum.
In this case, BTC would be targeting “weak lows” situated around $65,280.
BTCUSD (BITCOIN) UPDATE
- Move below 67363 so far not following through but enough to put bears tenuously in control as a move through 68510 would break down momentum.
- With that said, trying to fine tune levels in BTCUSD is a leap of faith given inherent volatility and overshoots. So. watch 65K-70K, which is sort of a no man ‘s land with key levels outside of it.
- Crypto traders need to decide what BTCUSD’s role is, correlating with the risk mood or as a safe haven.
BTCUSD 4 HOUR CHART
Bitcoin rebound appears a ‘relief rally,’ not the start of a new bullish cycle
Bitcoin’s rebound above $73,000 earlier Thursday may appear encouraging, but onchain data suggests it is more likely a short-term “relief rally” rather than the start of a new bullish cycle
Bitcoin is still inside a bear market, despite the recent price rally
Selling pressure from traders and long-term holders has also declined, helping support the recent rebound.
BTCUSD (BITCOIN) UPDATE
- Failure to reach 75K and stay above 72K puts 70K in the spotlight again although key levels on the downside are not until the trendline and 67363.
- What will drive the price action is whether BTCUSD longs want to stay that way into thin weekend trading..
- With that said, needs to stay above 70K to keep a bid.
BTCUSD 4 HOUR CHART
Bitcoin’s bullish momentum accelerates but topping $78K remains a challenge
Derivatives and onchain data show a lack of bullish conviction, as 43% of Bitcoin holders remain at a loss despite recent price gains.
Surging AI energy demand is squeezing miner profits to record lows, forcing major listed firms to offload BTC and pivot to computing.
Traders face a psychological hurdle at $76,000, the average cost basis for major corporate holders like Strategy.
Bitcoin (BTC) surged to a four-week high on Wednesday, potentially clearing a path for a recovery toward the $78,700 monthly close recorded in January. Despite a 22% rally from the $60,000 local bottom on Feb. 6, several onchain and derivatives metrics suggest bears remain comfortable.
- The dollar back to about unchanged after initially firming overnight. One exception is the JPY, which is outperforming (along with the NZD). despite firmer oil prices. CHF is a modest underperformer as the Swiss currency continues to resist catching a safe haven bid as the SNB threat to intervene is acting as a deterrent.
- BITCOIN has awakened from its slumber with a move above the 70K level.
- GOLD is a touch firmer but trading below 5200 after a wild sessio0n yesterday.
- US stocks are consolidating after another whipsaw day yesterday.
- Otherwise, it is another headline watching day with the focus mainly on the reaction to news.
- US ISM Services PMI is due later on.
BTCUSD (BITCOIN) UPDATE
- What do I say about an asset that can move up 7% (65245 => 70102) in a 4 hour candle?
- It confirms 65K as the pivotal bias setting level and that 70K+ (70064 – 71037 – 72166) is the obstacle to breaking out of 60K-70K and turning BTCUSD momentum up.
- Resilient US equities may be giving BTCUSD some support.
BTCUSD 4 HOUR CHART
Is BITCOIN attracting safe haven flows? Answier: Jury is out.
BTCUSD (BITCOIN) UPDATE
- Rebound off a higher low (62984) has broken down momentum but so far with limited follow through.
- To turn it into more than just a bounce 70K,71K and 72K would need to be broken. key obstacle being 70075.
- Meanwhile, 65K will remain pivotal while within 60K-70K
BTCUSD 4 HOUR CHART
BTCUSD (BITCOIN) UPDATE
- With Crypto the only market open, BTCUSD has taken a hit following the US led attack on Iran
- Chart levels mean little in a geopolitical crisis although so far damage is not fatal.
- Key levels: 62446 and 59886… Low so far: 62996
- Back above 66000 needed to negate the risk.
BTCUSD DAILY CHART
BTCUSD (BITCOIN) UPDATE
- Trying to ride the coattails off a risk off mood in stocks after bouncing from about midway between 60K and 65K.
- While key chart resistance is at 66627 (above needed to negate the current risk), 65K+ is probably more important in dictating whether this battered crypto gets a reprieve from a risk to 60K.
BTCUSD 4 HOUR CHART
Newsquawk Market Wrap 3
Meanwhile, on trade, Trump lifted his Section 122 tariffs to 15% from 10% over the weekend. Nations like Mexico announced they will now be paying less tariffs on non-USMCA-compliant goods, while the EU has frozen trade talks with the US and is not seeking to alter the pre-existing deal at this stage. Trump has warned that those who decide to play games will be met with a higher tariff than what they recently agreed to. ‘
The risk-off sentiment around AI disruption and also the lifting of tariffs saw T-notes catch a bid throughout the US session to settle around peaks, with eyes turning to supply in a data-light week. However, several central bank speakers are on the docket for Tuesday. Waller spoke today, noting it is almost a coin toss for a cut or a hold in March.
In FX, the Dollar was mixed vs peers while activity currencies lagged in the risk-off trade. Crude prices ultimately settled slightly lower while eyes turn to the US/Iran talks on Thursday. On this, reports suggest the Pentagon has been pushing Trump to go for a diplomatic resolution, warning about the risks of striking Iran. Trump has apparently been leaning towards strikes, but has agreed to give Witkoff and Kushner more time to negotiate for diplomacy. Gold and Silver rallied on the risk conditions, while Bitcoin slumped.s.
BTCUSD (BITCOIN) UPDATE
- What should continue to concern bulls is seeing XAUUSD rally as a safe haven while BTCUSD is being shunned in this regard.
- Big picture trend: Down and bearish if sub-65K break holds but still consolidating while above the 59881 low.
- In any case, 65K is clearly pivotal and will dictate whether there will be a fresh run at 60K.
BTCUSD DAILY CHART
Forex Market Snapshot: Back to square one
- Markets started off in a risk off mood but that has so far cooled with early moves failing to follow through.
- This has seen stocks bounce, the dollar recover, BITCOIN trade back above 66K after breaking below 65K while XAUUSD remains firm after extending its high.
In forex, pivotal level remain a focus
- EURUSD 1.18 (currently back below vs. a 1.1835 high)
- USDJPY 155 (still below but well off its 153.99 low)
- GBPUSD 1.35 (currently just above it vs 1.3535 high)
US stocks;
US5oo 6900 and NAS100 both remain pivotal
No key data due
