Crypto Vesting

Ether risks another decline below $1,900, which may open up a significant amount of investor demand, which may catalyze Ether’s recovery from its three-month downtrend

Ether (ETH) price fell over 52% during its three-month downtrend after it peaked above $4,100 on Dec. 16, 2024, TradingView data shows.

While another correction below $1,900 is on the horizon, this may unleash significant buying pressure, according to Juan Pellicer, senior research analyst at IntoTheBlock.

ETH/USD, 1-day chart. Source: Cointelegraph/TradingView

“Onchain metrics reveal a robust demand zone for ETH just below $1,900,” the analyst told Cointelegraph, adding:

“Historically, around 4.3 million ETH were bought in the $1,848–$1,905 range, signaling substantial support. If ETH drops below this level, capitulation risks rise, as demand beyond this zone appears much thinner.”

In/Out of the Money around price. Source: IntoTheBlock

In financial markets, capitulation refers to investors selling their positions

Read More at https://cointelegraph.com/news/ether-fall-below-1-9k-robust-demand-zone-analysts-capitulation?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742147916311&utm_campaign=rss_partner_inbound

Ether risks another decline below $1,900, which may open up a significant amount of investor demand, which may catalyze Ether’s recovery from its three-month downtrend

Ether (ETH) price fell over 52% during its three-month downtrend after it peaked above $4,100 on Dec. 16, 2024, TradingView data shows.

While another correction below $1,900 is on the horizon, this may unleash significant buying pressure, according to Juan Pellicer, senior research analyst at IntoTheBlock.

ETH/USD, 1-day chart. Source: Cointelegraph/TradingView

“Onchain metrics reveal a robust demand zone for ETH just below $1,900,” the analyst told Cointelegraph, adding:

“Historically, around 4.3 million ETH were bought in the $1,848–$1,905 range, signaling substantial support. If ETH drops below this level, capitulation risks rise, as demand beyond this zone appears much thinner.”

In/Out of the Money around price. Source: IntoTheBlock

In financial markets, capitulation refers to investors selling their positions

Read More at https://cointelegraph.com/news/ether-fall-below-1-9k-robust-demand-zone-analysts-capitulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Several years back, many in the crypto community described Bitcoin as a “safe-haven” asset. Fewer are calling it that today.

A safe-haven asset maintains or increases in value in times of economic stress. It can be a government bond, a currency like the US dollar, a commodity like gold, or even a blue-chip stock. 

A spreading global tariff war set off by the United States, as well as troubling economic reports, have sent equity markets tumbling, and Bitcoin too — which wasn’t supposed to happen with a “risk off” asset. 

Bitcoin has suffered compared with gold, too. “While gold prices are up +10%, Bitcoin is down -10% since January 1st,” noted the Kobeissi Letter on March 3. “Crypto is no longer viewed as a safe haven play.” (Bitcoin dropped even further last week.)

But some market observers are saying that this wasn’t really unexpected.

Bitcoin (white) and gold (yellow) price

Read More at https://cointelegraph.com/news/bitcoin-trade-tariff-safe-haven?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742147916311&utm_campaign=rss_partner_inbound

Several years back, many in the crypto community described Bitcoin as a “safe-haven” asset. Fewer are calling it that today.

A safe-haven asset maintains or increases in value in times of economic stress. It can be a government bond, a currency like the US dollar, a commodity like gold, or even a blue-chip stock. 

A spreading global tariff war set off by the United States, as well as troubling economic reports, have sent equity markets tumbling, and Bitcoin too — which wasn’t supposed to happen with a “risk off” asset. 

Bitcoin has suffered compared with gold, too. “While gold prices are up +10%, Bitcoin is down -10% since January 1st,” noted the Kobeissi Letter on March 3. “Crypto is no longer viewed as a safe haven play.” (Bitcoin dropped even further last week.)

But some market observers are saying that this wasn’t really unexpected.

Bitcoin (white) and gold (yellow) price

Read More at https://cointelegraph.com/news/bitcoin-trade-tariff-safe-haven?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Key takeaways

The Bitcoin megaphone pattern features at least two higher highs and two lower lows, forming an expanding structure.

Connecting these highs and lows with trendlines creates a megaphone-like appearance, reflecting market instability.

The formation signals heightened volatility, with price swings becoming more pronounced over time.

Depending on the trend direction, the pattern can indicate potential breakouts either upward (bullish) or downward (bearish).

The megaphone pattern, also known as a broadening formation, is a technical analysis chart pattern that traders observe in various financial markets, including cryptocurrencies like Bitcoin. 

This pattern is characterized by its distinctive shape, resembling a megaphone or an expanding triangle, and signifies increasing volatility and market indecision. Here are its defining characteristics:

Higher highs and lower lows: The pattern consists of at least two higher highs and two lower lows, forming an expanding structure. Each subsequent peak is higher than the previous one, and each trough is

Read More at https://cointelegraph.com/news/bitcoin-s-megaphone-pattern-explained-how-to-trade-it?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742147916311&utm_campaign=rss_partner_inbound

Key takeaways

The Bitcoin megaphone pattern features at least two higher highs and two lower lows, forming an expanding structure.

Connecting these highs and lows with trendlines creates a megaphone-like appearance, reflecting market instability.

The formation signals heightened volatility, with price swings becoming more pronounced over time.

Depending on the trend direction, the pattern can indicate potential breakouts either upward (bullish) or downward (bearish).

The megaphone pattern, also known as a broadening formation, is a technical analysis chart pattern that traders observe in various financial markets, including cryptocurrencies like Bitcoin. 

This pattern is characterized by its distinctive shape, resembling a megaphone or an expanding triangle, and signifies increasing volatility and market indecision. Here are its defining characteristics:

Higher highs and lower lows: The pattern consists of at least two higher highs and two lower lows, forming an expanding structure. Each subsequent peak is higher than the previous one, and each trough is

Read More at https://cointelegraph.com/news/bitcoin-s-megaphone-pattern-explained-how-to-trade-it?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin needs to close above the key $81,000 weekly level to avoid more downside volatility ahead of next week’s Federal Open Market Committee (FOMC) meeting, which will offer investors more cues on the Federal Reserve’s monetary policy for 2025.

Bitcoin (BTC) price fell over 3% during the past week to trade above $83,748 as of 9:33 am UTC, Cointelegraph Markets Pro data shows.

Bitcoin price continues to risk significant downside volatility due to growing macroeconomic uncertainty around global trade tariffs,  according to Ryan Lee, chief analyst at Bitget Research.

BTC/USD, 1-year chart. Source: Cointelegraph

Closing the week above $81,000 will be key to avoid more Bitcoin downside, the analyst told Cointelegraph, adding:

“The key level to watch for the weekly close is $81,000 range, holding above that would signal resilience, but if we see a drop below $76,000, it could invite more short-term selling pressure.”

The analyst’s comments

Read More at https://cointelegraph.com/news/bitcoin-weekly-close-81-k-avoid-downside-ahead-of-fomc?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742147916311&utm_campaign=rss_partner_inbound

Bitcoin needs to close above the key $81,000 weekly level to avoid more downside volatility ahead of next week’s Federal Open Market Committee (FOMC) meeting, which will offer investors more cues on the Federal Reserve’s monetary policy for 2025.

Bitcoin (BTC) price fell over 3% during the past week, to trade above $83,748 as of 9:33 a.m. in UTC, Cointelegraph Markets Pro data shows.

Bitcoin price continues to risk significant downside volatility due to growing macroeconomic uncertainty around global trade tariffs,  according to Ryan Lee, chief analyst at Bitget Research.

BTC/USD, 1-year chart. Source: Cointelegraph

Closing the week above $81,000 will be key to avoid more Bitcoin downside, the analyst told Cointelegraph, adding:

“The key level to watch for the weekly close is $81,000 range, holding above that would signal resilience, but if we see a drop below $76,000, it could invite more short-term selling

Read More at https://cointelegraph.com/news/bitcoin-weekly-close-81-k-avoid-downside-ahead-of-fomc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent the majority of the year consolidating after hitting all-time highs early on.

“Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024. In March 2024, Bitcoin reached an all-time high of $73,679 before entering a consolidation phase, swinging within a range of around $20,000 up until Donald Trump was elected as US president in November.

Bitcoin’s current chart signals “market indecision”

Thielen said he had this thought even two months ago, around the time Bitcoin hit its current all-time high of $109,000 on the day of Trump’s inauguration.

He explained in his most recent market report on March 15 that Bitcoin’s current chart resembles a “High and Tight Flag,” which,

Read More at https://cointelegraph.com/news/bitcoin-consolidation-phase-repeat-2024-price-action-possible-crypto-analyst?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742147916311&utm_campaign=rss_partner_inbound

10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent the majority of the year consolidating after hitting all-time highs early on.

“Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024. In March 2024, Bitcoin reached an all-time high of $73,679 before entering a consolidation phase, swinging within a range of around $20,000 up until Donald Trump was elected as US president in November.

Bitcoin’s current chart signals “market indecision”

Thielen said he had this thought even two months ago, around the time Bitcoin hit its current all-time high of $109,000 on the day of Trump’s inauguration.

He explained in his most recent market report on March 15 that Bitcoin’s current chart resembles a “High and Tight Flag,” which,

Read More at https://cointelegraph.com/news/bitcoin-consolidation-phase-repeat-2024-price-action-possible-crypto-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound