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I have written and chatted about #bitcoin a few times over the past 6 months and was featured in an Investopedia post as well on it that showed the framework. My view has remained largely bullish on it though there were times a moderation in the move showed (around 44k). The latest move has taken it through the upper bound of my current range opening up a much larger one if it gets through the previous highs. If you notice the black line in the background on the chart here however, #btc has screamed away from it. Spikes in money tend to lead to positive moves in liquidity which drives crypto and tokens. Now that Bitcoin has screamed by it, what follows should be interesting. If liquidity continues to moderate as it has over the past 6 weeks, and BTC continues to climb, either there is a mania or something else fundamentally is at play. The charts don't give that answer but the bulls are on the run. The measured range from here is much higher but I will caution with the following: If BTC hits the previous highs, reverses and then breaks into the previous lower range, the bears may be emboldened to sell given the current direction in liquidity. Stay tuned.

Top 3 Factors Affecting The Global Crypto Market Today 😱 ➡️ Traders anxiously waiting for US #CPI data that is expected to come in higher than expected, 0.3% monthly increase and a 3.4% yearly rise. ➡️ Over $242.87M in long positions have been liquidated in the derivatives market, with $152M lost within the last 12 hours. This affected over 83,164 traders, with the largest single liquidation being Ether/USD on OKX, valued at $7.53M. ➡️ Furthermore, net capital flows into spot Bitcoin #etfs turned negative at $18.6 million yesterday, indicating a shift in investor sentiment. 1. Overall the total market cap fell by 5.06% to $2.52 trillion. 2. Bitcoin ($BTC) is trading at $69,321, down 2.40%. 3. Ethereum ($ETH) is trading at $3,537, down 4.09%. Track here: https://lnkd.in/g4rDeD9W #bitcoin #ethereum #cryptonews

📉🔍 Crypto traders are skeptical about Bitcoin's recent recovery, citing the need for global economic improvement and de-escalation of Middle Eastern tensions, reports Bloomberg. Sean McNulty of Arbelos Markets noted increased dip-buying but persistent market caution due to potential deleveraging. CoinGlass data shows $1.1 billion in crypto liquidations on Aug. 5, one of the highest since March, with Bitcoin's value drop erasing over $150 billion in 36 hours and causing a $423 million withdrawal from U.S. spot Bitcoin ETFs. #BitcoinWorld #CryptoNews #MarketSentiment

Weekly Crypto Market Updates | 08 January The events of the previous week prompted confusing sentiment in the crypto world, and we are eager to see what this month has in store. Before you get started, check out our Weekly Crypto Market Updates. The current market cap is ₹134.49 Trillion on 08 January. In the past few months, even the top-performing coins were seen as confusing and were trying to set a new market trend. As of the past week, Bitcoin is priced at ₹3,621,741.51, reflecting a 0.88% fall within the last 24 hours and a 1.44% spike over 7 days. Talking about Ethereum, ETH is currently valued at ₹182,617.07, showing a 2.28% fall in the past 24 hours, with a significant drop of 4.90% over 7 days.

Friends, while the markets may fluctuate in the short term, our long term outlook remains as bullish as ever. Bitcoin has proven time and time again to be a resilient asset. We've seen BTC test support levels around $58k several times in recent months, demonstrating strong underlying demand. A pullback to the $50k zone, which I projected last fall, could present experienced traders with quality entries. Just be mindful of risk. But for those with a buy and hold strategy, there's no cause for concern here. Market corrections are inevitable, yet the trend continues upward. This dip offers a chance to add to positions at a discount. Consider averaging into quality altcoins too. If support in the $54-56k range does give way, the next logical area to watch is $50k. But even such a move would not change our conviction - it would simply be another test, causing a temporary lapse before the bulls reassert their dominance. #bitcoin #deFi #crypto #Btc

🔍 Weekly Bitcoin Insight: This week, Bitcoin confronts substantial resistance at $69K, while anticipating critical economic indicators from the US. As professionals in the financial sector, understanding these movements is key to navigating the volatile crypto market effectively. Join us at XBO as we dissect these trends and forecast the potential implications for investors and the broader financial market. 📈 #FinancialMarkets #BitcoinAnalysis #ProfessionalInsights

🔗 Weekly Crypto Market Review: Expansion and Volatility This week highlighted a near-record number of Bitcoin ATM installations globally, driven by an uptick in BTC prices. The U.S. continues to lead in accessibility. In contrast, Ethereum experienced notable volatility, dropping sharply post-ETF launches, reflecting the complex dynamics at play in the crypto markets. How are these developments impacting your investment strategies or business decisions? Let’s discuss. #FinancialMarkets #CryptoInvestments #BusinessStrategy

📉 QCP Capital reported on Telegram that the Federal Reserve's dovish stance has led to expectations of a September rate cut, but this has not resulted in gains for the crypto market, which experienced a sell-off. Traders are concerned about ongoing Ethereum ETF outflows and potential supply pressures from Mt. Gox and the US government. In the long term, discussions among US politicians about adopting Bitcoin as a sovereign reserve could significantly impact the crypto landscape. This suggests that buying Bitcoin during price dips might become a strategic move. 📊🔗 #BitcoinWorld

Correlation coefficient indicator between stock market and the Bitcoin price is important to watch because when the stock market and bitcoin correlates that's the time that market has bull market. Moreover, it is important to watch due to the fact of the positions that we need to put ourself into to profit from Bitcoin market. Right now the correlation is 0.17 which is low, and by looking at the history of the Bitcoin and QQQ cycles we can realize the following. 1. As we see stock market and crypto decouples crypto leads towards a significant drop and stock market QQQ follows with a big drop as correlation goes negative and recovers above 0. 2. When we are rallying the stock market and bitcoin correlation is high. 3. We could expect a significant QQQ drop in the future if Bitcoin correlation goes negative compared to QQQ market.