Bitcoin call options cluster at $70,000 shows bullish skew, analyst says

Bitcoin options are signaling bullish sentiment, evidenced by the strike positioning and put-call ratio for March's end-of-month expiry, according to one analyst.

Predicting Bitcoin's Bull Run Values: Plan B's S2F Model and Ledn CIO's $92,000 Target

As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.”

𝗖𝗛𝗥/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 🟢

#CHR is showing bullish momentum after holding the lower support zone, indicating buyers are regaining control. The price is forming higher lows, signaling potential continuation toward upper resistance levels.

Entry around 0.38 – 0.418, key levels at 0.423 – 0.61, with risk near 0.3476. Monitoring buying pressure here could confirm a sustained upside move.

#CHR #CRYPTO

Bitcoin Dips Below $66,000 Ahead of Fourth Halving, Loses Over 5% in 24 Hours

The price of bitcoin experienced a decline on Monday, near 10:00 p.m. Eastern Time (ET), tumbling to a position slightly over the $66,000 mark. By 6:30 a.m. the following day, it had edged down further to reach its intraday low of $65,480 per unit.

𝗗𝗔𝗦𝗛/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 🟢

#DASH is showing bullish momentum after holding the lower support zone, indicating that buyers are stepping in at key levels. The price action suggests a potential continuation toward higher levels if the current trend sustains. Consolidation near support has formed a strong base, giving confidence for an upside move in the coming sessions.

Entry around 33 – 36.8, key levels at 37.3 – 65, with risk level near 31. Traders should watch volume and short-term momentum for confirmation before scaling in fully. Strong support at lower zones could serve as a foundation for a significant rally in the medium term.

#DASH #CRYPTO

Bitcoin Miners Ramp Up Hashrate as Halving Nears, Network Hits 653 EH/s Record

Just before the upcoming block reward halving, with only 72 blocks left until reaching block height 840,000, bitcoin miners have significantly boosted their hashrate. As of 8:50 a.m. EDT on April 19, 2024, the hashrate soared to a record 653 exahash per second (EH/s).

𝗖98/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 🟢

𝗖𝗵𝗮𝗿𝘁: #C98 is showing bullish momentum after holding key support, indicating potential continuation toward higher levels.

𝗠𝗮𝗿𝗸𝗲𝘁: Entry around 0.295 – 0.3135, with significant levels at 0.318 – 0.50. Risk level monitored at 0.28.

#c98 #update

Coinbase Adds Support for Bitcoin Lightning Network

The largest American cryptocurrency exchange, Coinbase, has added support for the Lightning Network on its platform to enable faster and cheaper payments. According to a blog post, the Lightning Network integration on Coinbase will reduce the cost of sending bitcoin (BTC) globally by 20x compared to the 2% charged on United States credit card transactions and the $30 paid for wire transfers.

𝗚𝗠𝗫/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 🟢

𝗖𝗵𝗮𝗿𝘁: #GMX is showing bullish momentum after holding key support, indicating continuation toward higher levels.

𝗠𝗮𝗿𝗸𝗲𝘁: Entry around 23 – 26.5, with significant levels at 26.8 – 50. Risk level monitored at 21.5.

#gmx #update

VanEck's spot bitcoin ETF HODL reports $109 million net increase in Q1, $620 million in BTC: filing

A new filing with the Securities and Exchange Commission illuminates key figures for the spot bitcoin exchange-traded fund (ETF) HODL, issued by the digital asset arm of the investment manager VanEck.

𝗔𝗣𝗜3/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 🟢

𝗖𝗵𝗮𝗿𝘁: #API3 is showing bullish momentum after reclaiming support, signaling potential continuation toward higher levels.

𝗠𝗮𝗿𝗸𝗲𝘁: Entry observed around 2.3 – 2.535, with key levels at 2.57 – 4 Risk level is maintained at 2 for management.

#api3 #update

ETF approvals will boost Ethereum’s long-term growth despite short-term headwinds – Kaiko Research

Kaiko Research said on May 27 that spot Ethereum ETF approvals are a positive sign for the digital asset’s long-term growth despite potential short-term headwinds.

𝗛𝗢𝗧/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 🟢

𝗖𝗵𝗮𝗿𝘁: #HOT is showing bullish momentum after holding key support, indicating potential continuation toward higher levels.

𝗠𝗮𝗿𝗸𝗲𝘁: Entry observed around 0.00221 – 0.0022477, with significant levels at 0.0025 – 0.0053. Risk level marked at 0.0020 for management.

#hot #update

Core Scientific upholds deal with CoreWeave amid rejecting $1 billion ‘unsolicited’ buyout

Core Scientific (CORZ) has rejected an “unsolicited” $1 billion buyout offer from CoreWeave, deeming it significantly undervalued and not in the best interests of its shareholders.

𝗝𝗢𝗘/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 🔴

𝗖𝗵𝗮𝗿𝘁: #JOE is showing bearish momentum after breaking key support, indicating a potential downward continuation.

𝗠𝗮𝗿𝗸𝗲𝘁: Entry observed around 0.44 – 0.391, with significant levels at 0.387 – 0.20. Risk level marked at 0.47 for management.

#joe #update

#TON/USDT ANALYSIS 📉📈

TON is consolidating within a descending broadening wedge pattern, currently facing rejection at the 50MA, which is acting as a resistance barrier. Additionally, the Ichimoku Cloud is reinforcing resistance along the pattern’s upper trendline. A breakout above the 50MA could signal upward movement, while a breakout of the pattern itself would confirm a bullish rally.

𝗟𝗧𝗖/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 🟢

𝗖𝗵𝗮𝗿𝘁: #LTC has broken out of the Ascending Triangle and is showing bullish momentum, indicating potential continuation toward $97 – $112.

𝗠𝗮𝗿𝗸𝗲𝘁: Recent price action and volume support the strength of this breakout, using $93 as a key level for risk management.

#ltc #update

S&P 500 Breakdown ⚠️

S&P500 has broken down from a rising wedge with high volume, hinting at bearish pressure. It’s now rebounding off the 100MA support, while the 50MA stands as resistance. A confirmed retest could lead to further downside, but failure to hold may see the price move back within the wedge. Since S&P500 trends often mirror crypto markets, this move is critical for broader sentiment.

𝗫𝗩𝗚/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 🟢

#XVG has broken out of the falling wedge pattern and is showing bullish momentum, signaling potential continuation upward.

Entry: 0.00452 – 0.00420 (Buy partially) | Targets: 0.00465 – 0.0060 | Stop-loss: 0.0040

#xvg #update

STORJ Bullish Setup Forming 📈

#STORJUSDT is showing signs of a potential upward move after completing the AB=CD pattern. A breakout above the trendline could trigger a bullish continuation, suggesting accumulation is underway. Traders are watching closely for confirmation of trend reversal at this level.

𝗫𝗩𝗚/𝗨𝗦𝗗𝗧 𝗠𝗔𝗥𝗞𝗘𝗧 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 🟢

#XVG has broken out of the symmetrical triangle and is showing bullish momentum, signaling potential continuation upward.

Targets: 0.007200 – 0.008600, with stop-loss at 0.006750.

#xvg #update