The Exchange Net Position movement for #BTC this week suggests that investors are transferring their coins into storage because they are feeling "bullish."

But keep a watch out for a trend change that can indicate #bearish mood as traders rush to the exchanges for fast sell-offs.

Bitcoin is holding above the support level. Price is moving sideways and we may see more sideways movement before the next move. The support level remains the same.

A move toward the $22,500 resistance level is expected. We may see some movement when global markets open on Monday.

If you invested $1000 dollars in every company advertised at the 2022 Super Bowl, here's how much you'd have:

FTX: $0
Carvana $CVNA: $81
Coinbase $COIN: $296
DraftKings $DKNG: $729
Facebook $META: $800
Salesforce $CRM: $810

Bitcoin weekly candle closed in red and price continues to fall.

Price drops below $22,200 support zones.Traded towards $21,500 support, bottomed at $21,475.

Currently consolidating losses with minor recovery above $21,800 resistance.

Next major resistance is near $22,100, main resistance is near $22,500.

The dollar-pegged stablecoin today accounts for more than 35% market share on the exchange — link

OFAC-compliant blocks on Ethereum hit three-month low of 47%

https://cointelegraph.com/news/ofac-compliant-blocks-on-ethereum-hits-three-month-low-of-47

Bitcoin had a Significant drop after the Liqudation of Long Positional Traders.Currently, Bitcoin is in an accumulation zone, waiting for a price movement.

There are 2 demand zones: $21,300 (already tested) and $21,000. If Bitcoin breaks the first demand zone, it may go down to the second. However, a bounce back in price is expected from either demand zone ✅️

$BTC Spot CVDs

🔸The recent lawsuit filed by the SEC against Paxos has shed light on the reason for a large amount of BUSD being minted to purchase Bitcoin, contributing to the current rally.
🔸 This seems to have been a strategic move to exit BUSD and shift to USDT/USDC and USD.

Celsius creditors committee proposes suing Mashinsky, other Celsius execs - Read more

#glassnode
📉 #Bitcoin $BTC Amount of Supply Last Active 3y-5y (1d MA) just reached a 2-year low of 2,110,774.932 BTC

#LINK is just above the $6.46-$6.30 support range. If the price drops to the support again, the probability of short selling will be very high and the next support area is $5.72-$5.54.

❗️Binance expects to pay monetary penalties to settle existing U.S. regulatory and law-enforcement investigations of its business, the firm’s chief strategy officer said in an interview. WSJ

Bitcoin met our target 🎯 and keeps rising, with the biggest 24-hour gain in a long time.

$25,000 is a crucial resistance level, and a weekly close above it is necessary for the bullish trend to continue.

The 200-W.MA also lies at this level, adding more significance.

Will it break through the resistance level and continue its upward momentum?

Only time will tell, but for now, the cryptocurrency world is abuzz with excitement.