5 things you should know in Bitcoin this week

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Bitcoin returns with revenge this week, when US President Donald Trump seems to confirm a strategic cryptographic reserve.

  • The Bitcoin (BTC) price campaign abandons the breakdown to seal a “green” candle of USD 10,000 and a gigantic gap in Futures CME.

  • Trump of the reserve masters before the first peak of cryptocurrencies in the White House, promising “more”.

  • Holy Week of American employment data will end with the chairman of the Fed Jerome Powell, which speaks on Crypto Summit.

  • Bitcoin market indicators show signs of recovery, including a solid reflection in Onchain’s profitability.

  • The Sentient remains terrifying when traders digest the latest events. Is it too early to believe in a return to bulls?

Bitcoin traders warn about fresh DIPA BTC prices

The BTC price campaign is in the spotlight, but not for the same reasons as last week.

Among the response of cryptographic reserve in the USA Multimonthis -Lows gave way to a solid reflection, which exceeded 20%at one point.

On some BTC/USD markets, it provided up to USD 10,000 USD per day, data from Cointelegraph Markets Pro i TradingView can be seen.

BTC/1-hour chart. Source: Cointelegraph/TradingView

Reacting, traders now want to determine significant support areas in the event of a re -test.

“Area 90 thousand USD-91 thousand USD, which has acted as a low range in the last few months, is a key area for watching, “wrote Trader Daan Crypto Trades in one of his own The latest posts on x.

“We saw a violent failure and returned to the range. The price is currently testing it, and it would be a region in which Bulls would like to enter. Daily closures are the most important here, so keep an eye on those this week. “

BTC/USDT perpetual swaps 1-day chart. Source: Daan Crypto Trades/X

Daan Crypto Trades referred to a three -month commercial range, in which BTC/USD remained before the liquidation cascade, in which the “gap” was filled in the Futures Bitcoin Group markets in the CME group in the amount of 78,000 USD.

Source: Peter Brandt

For others, including a salesman Mark Cullen, another Luka-the greater in the history of Bitcoin as a result of the daily candle-the risk provides a short-term magnet.

“This liquidity 90,000 has been launched and some have been. Now Bitcoin looks at the level of 95,000 above yesterday’s ups, which in my opinion will be the destination of the Open “, he he said X observers next to the liquidity chart of order books.

“The question for me is whether the level of 85,000 Will be obtained will be tested to clean the CME gap and inefficient from yesterday’s pump? There would be a hell, if they did it to us ….

Bitcoin order liquidity data. Source: Mark Cullen/X.

Crypto Summit Week receives “Trump Pump” treatment

Two posts on social media There was everything that you had to revive the market frenzy over the American strategic cryptographic reserve.

According to Cointelegraph, Trump returned to the topic over the weekend, suddenly it seemed that he confirmed that the strategic cryptographic reserve would continue.

Initial doubts as to whether Bitcoin or Ether (ETH) seem to disappear quickly, as Trump mentioned them, adding that he “loves” both tokens.

Source: Social Truth

Now focused on long -term implications of such movement.

“This means that Bitcoin is now bears and ~ 16% from the up-to-date highest all time,” wrote the commercial resource, which Kobeissi wrote in part X thread on the point.

Kobeissi noticed that the upcoming dedicated cryptographic peak should give further releases of the message, referring to Crypto Czaru in Washington, David Sacks.

“President Trump announced a cryptographic strategic reserve consisting of Bitcoin and other best cryptocurrencies,” he replied On X after Trump’s posts.

“This is in line with his week EO 14178. President Trump maintains the promise that he will make the US a” cryptographic capital of the world. ” More to the top. “

Source: David Sacks

The event will take place on March 7, led by Trump.

Kobeissi, however, asked how many other “good news” stories about crypto can emerge from the new US administration.

“The question is: what is the next enormous cryptographic catalyst?” This summarized What suggested may be “the biggest change in the mood in the history of cryptocurrencies.”

“We saw almost all the promises of the Trump campaign. What is the next step in cryptographic adoption and growth narrative? “

Fed President Powell, to talk to work in the attention center

Other macroeconomic events of the week focus on key employment data in the US, to which cryptographic markets have proved to be sensitive in recent months.

On March 6, he sees the initial unemployed claims, while the next day a work report in the USA will precede the speech of Jerome Powell, chairman of the Federal Reserve.

Potential variability catalysts remain arranged at the end of the week.

Inflation, however, remains a point for conversation, and the markets depend on the guidelines regarding the pleasant result from the “preferred” inflation indicator, personal consumption indicator (PCE) last week.

“This week applies to the labor market and the Fed,” Kobeissi said in his list Weekly thread of perspective on X.

Kobeissi noted that the next Fed interest rate decision is in two weeks and “appears among the main variability of the market.”

Powered probability of the target rate. Source: CME Group

The latest data from the CME group Fedwatch tool It shows a little belief that rate reductions will be continued this month, with chances for just 7%.

Coinbase Premium Tips for us demand

Different data sources show that the demand on the cryptographic market has a certain way before the final recovery.

The Premium Coinbase indicator, which tracks the difference in the spot price between the BTC/USD Coinbase pair and the equivalent of BTC/USDT Binance, is currently reflected towards a positive territory.

A positive bonus accompanied a significant part of the Bitcoin race for the current highest all time until the fourth quarter last year, which indicates increased interest in buyers in the USA.

In one of the latest “Rapid“Blog posts on February 6, the Onchain Crypquoquant analytics platform said that the index” shows signs of recovery. “

“Although this does not yet confirm the sturdy institutional purchase, it indicates a clear alleviation of sales pressure,” commented onat co -worker Tütüncüler.

“In addition, the 50-hour movable average crossing above the 170-hour movable average suggests a possible change in the short-term stubborn rush.”

Bitcoin premium indicator. Source: Cryptoquant

Tütüncüler noticed similar signs from the corrected profit rate (ASOPT), which measures the degree to which the coins are transferred in the scope of profit or losses.

Cryptoquant data shows that ASOPT back above the Breepeven point, reflecting the return to the aggregated profit after reaching the lowest level from August 2024 during mass panic sales.

“With the emerging signals of slowdown and potential power supply, the key levels of resistance to viewing in the coming days are 90,000 USD and 92,500 USD” – he concluded.

“Tracking further recovery in ASOPT and the Premium Coinbase index will be crucial for the next Bitcoin movement.”

Bitcoin ASOPT. Source: Cryptoquant

Cryptographic sentiment is still afraid

Despite the positive weekend message catalysts, cryptocurrency moods seemed to require further confirmation of better times ahead of us.

Related: When will Bitcoin be the best?

. Cryptographic Index Fear and greedwho uses a basket of factors to determine the mood market among traders, he still sat strongly in the territory of “fear”.

On 33/100 as at March 3, the index, however, returned significantly from local minima from only 10/100 seen last week.

Crypto Fear & Greed Index. Source: alternative.me

At that time, Julien Bittel, head of Macro research at Global Macro Investor, noticed the potential of a significant return of bulls.

Source: Julien Bittel

Some, however, remained cautious – especially considering that the emotions associated with the cryptographic reserve contained a significant political element.

In the next post Quicktake at the weekend collaborator Cryptoquant Crypto Applay warned that Trump could reverse the tide against Bulls again.

“His recent statements regarding the” cryptographic reserve “may ignite a up-to-date rally. It is also possible, however, that later it can reverse the sentiment with comments: “We repaid all our debts, we no longer need crypto.” This is exactly his style – he he argued.

“The actors change, but the cycles remain the same – only time changes. From then on, our eyes will be on the charts, and our ears in Trump’s critical statements. “

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

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