CryptoJab

Bitcoin hasn't closed a weekly candle above its all-time high of $69,400 after three tries. We previously warned about a correction from the all-time high, and so far, we've seen declines of 5%, 14%, and 6% from $69.4k. Failing to close weekly candle above this level could lead to a 20% pullback. However, closing above it may signal further major price increases, like past bull runs.

💰 Short-term holders, investors who have held Bitcoin for less than 155 days, transferred 65,000 Bitcoins in profit to exchanges on Mar. 6. According to data from Glassnode, this marks one of the highest amounts of profit sent in Bitcoin terms in the past five years. Closing above the highs might take longer time.

📊 Crypto Fear and Greed Index 🧭 Index Value : 90 😱 Sentiment : Extreme Greed 💰 BTC Price : $68256

We are not short because of just Elon Musk tweet. Reasons why we are bearish ⬇️

🚨🚨🚨 Elon Musk is dropping hints that #Bitcoin's gonna hit $69k after 4/20 (April 20th), coinciding with Bitcoin's halving date. 🚀 Showing off "June Drop" tee in bold red, signaling a big drop coming our way in June 📉

Bitcoin is up +58% from $39k and not corrected more than 1.10% in a day over the last 36 Days.

💰 For those who are looking for SPOT Entry : The average pullback this cycle has been -20%. If bitcoin corrects from its current position, that would put it around $44,000 📉 If bitcoin corrects from $60,000, it could land around $48,000 📉

First time in last many days that the #Bitcoin  ETF inflow has been negative! Indicates reduced interest in buying #bitcoin above the $50,000 level.

The liquidity cluster at $50k~$52k has been swept. Now the more next one large brighter liquidity cluster at $34k~35k, about $28B of longs will be liquidated.

In 2024, Bitcoin broke the 61.8% level for the first time without any major corrections. I last 2 cycles, the 61.8% level was breached around 6 months after halving and about 2 months after halving in 1st cycle. However, this time in 2024, the market broke the 61.8% level two months prior to the halving. This suggests a deviation from the typical four-year cycle, indicating that the current cycle might be shorter and more rapid.

Pumped to $43.5k ✅ Weak Breakout Flipped to Short. Target : 40k

Bitcoin has been trading within a $2k range for the past 7 days. Expecting a big move soon, If #Bitcoin closes a daily candle above the upper trendline, which is at $44k, it would be considered bullish. Currently below that tendline it is bearish, targeting $40,000. 🚨STOP MISSING OUT ON THE ACTION, AND START RIDING THE PRICE WITH PROFESSIONALS!🚨 📲 @CryptoJab1

Bitcoin broke the yellow trend line but couldn't close above it as expected, indicating a bearish sign for Bitcoin. In past few weeks, All four attempts to break out were unsuccessful and ended up being false signals. It seems the market is attempting to trap as many traders before a Massive Move.

🇺🇸 Federal Reserve leaves interest rates unchanged again.

📊 FOMC TODAY : The Fed will announce its first interest rate decision in 2024. Markets predict 97.9% that the regulator will keep the rate unchanged.

💰 79 days left until the #Bitcoin halving, and a major correction 📉 is expected before the event. As Bitcoin hits 61.8% FIB Level at $48.5k so Possible correction from here is 40% - 50% as per previous cycle : - 30% drop to $34k - 40% drop (2016 Cycle) to $29k - 50% drop (2019 Cycle) to $24k Historically there is no major correction after halving event, Only UP 🚀 So Be ready to buy; this likely to be the best opportunity before bullrun starts.

#Bitcoin is Testing the resistance level again before continued decline.📉📉 Bullish only if it breaks and maintains above $41,300.

Last chance for Bulls to take over or else dump will continue.