Aurelia Butler

The TD Sequential indicator operates on the principle of sequential counting of candlesticks to identify potential trend reversals or continuation patterns. According to Martinez’s analysis, the indicator has triggered a buy signal, indicating a potential price rebound for Bitcoin, which is currently trading at $61,800, approximately 20% below its all-time high. This signal typically occurs when a series of consecutive candlesticks display a specific pattern, signaling exhaustion of the current trend and suggesting a reversal may be imminent.Powell emphasized the resilience of the U.S. economy, citing last year’s GDP growth of more than 3% and the strength of the labor market, which he believes is as tight as it has been since before 2020.However, he reiterated that patience is needed with regard to inflation, emphasizing the need for continued tight monetary policy measures to maintain economic stability. Despite acknowledging higher-than-expected first quarter inflation numbers, Powell expressed confidence in the economy’s ability to overcome challenges.This article was originally published on U.Today More

The bearish slump has also engulfed the duo of Toncoin (TON) and Shiba Inu (SHIB). Earlier today, TON soared as high as 5%; however, at the time of writing, the coin is down by 6.85% to $6.846. Shiba Inu (SHIB) was not spared from the market uncertainty, slipping by 2% to $0.00002362 after jumping as high as 6% earlier in the day. One intriguing similarity between these three assets is their strong community of backers. Though other altcoins like Binance Coin (BNB), Cardano (ADA) and Avalanche (AVAX) are on the rampage at the moment, the swift transition underscores how sensitive BTC, TON and SHIB are to trends on the market.As Bitcoin is the dominant coin of the three, the growth trends it is likely to exhibit in the short term have what it takes to trigger a corresponding recovery. Amid the sudden price slip, market experts believe conditions are primed for Bitcoin to chart ambitious new uptrends.The Bitcoin halving event and the accompanying demand from the spot Bitcoin ETF market serve as a massive catalyst to drive the price of the coin. Over the past few weeks, many bullish revelations have shown that many top financial and investment firms have exposure to spot Bitcoin ETFs. Among the most revered include UBS, BNP Paribas (OTC:BNPQY) and Susquehanna International Group.The important fundamental news in the Shiba Inu and Toncoin ecosystems can also drive sustained sentiment to fuel a comprehensive price recovery.This article was originally published on U.Today More

According to Pal, this cycle, characterized by near-perfect cyclicality, has been instrumental in propelling growth assets, particularly technology stocks and cryptocurrencies, to new heights.Central to Pal’s thesis is the idea that the depreciation of fiat currency, caused by increased liquidity to service debt obligations, serves as a catalyst for rising asset prices. He argues that this phenomenon, combined with the rapid adoption of cryptocurrencies, similar to the exponential growth of the internet, could pave the way for a monumental upsurge in cryptocurrency market capitalization. Pal foresees staggering growth from $2.5 trillion to $100 trillion, backed by Metcalfe’s Law and fueled by unprecedented levels of adoption.Chris Burniske, former head of cryptocurrencies at ARK Invest, agreed with Pal’s bullish outlook, stating that the cryptocurrency market could witness monumental growth, reaching $10 trillion in the near term and soaring to $100 trillion in the future. Pal enthusiastically endorsed Burniske’s view, emphasizing that there is a consensus in certain quarters of the financial community about the transformative potential of cryptocurrencies.As of now, according to the TOTAL Index Group, crypto market capitalization is estimated at $2.213 trillion, of which Bitcoin (BTC) holds $1.22 trillion, which is over 55% of the entire figure. Ethereum (ETH) takes up just over $350 million, with the remaining $640 million and a bit distributed among all other altcoins.This article was originally published on U.Today More

According to IntoTheBlock data, 5.1 million Bitcoin addresses, roughly 10% of the total addresses, bought BTC above $62,000 and the ATH of $72,500. Bitcoin traded above $62,000, around $62,540, at the time of IntoTheBlock’s post.At the time of writing, BTC was down 1.34% in the last 24 hours to $61,931 mirroring the fall in the cryptocurrency market ahead of key data releases. The cryptocurrency market fell slightly on Tuesday as investors awaited fresh inflation data and looked to comments from Federal Reserve policymakers, looking for signals about the future path of monetary policy.The April producer price index, which measures wholesale inflation, is coming out on Tuesday. The Dow Jones surveyed economists, who predict the PPI to grow 0.3% from last month.This is the first of two major inflation releases scheduled for the week, with the consumer price index for April due Wednesday. According to a Dow Jones survey, economists expect it will rise 3.4% year-on-year and 0.4% monthly.The statistics could influence investor views about when and how many rate cuts will occur this year; if the CPI and PPI indicate that inflation is decreasing, the prospects for a rate reduction may rise, and vice versa.More Fed officials, including Chair Jerome Powell, are scheduled to speak this week, potentially providing new insights into the monetary policy outlook.On a more positive note, digital asset investment products witnessed $130 million in inflows for the first time in five weeks. Bitcoin received $144 million in inflows, returning from a dismal month thus far. Nonetheless, the market’s predominant sentiment appears to be indecision.This article was originally published on U.Today More

He tweeted that the setup on the charts is beginning to look “scary bullish for Bitcoin.”Tapiero tweeted that the current sideways consolidation is nearly done, adding that markets always have some surprises in stock for traders and investors. He has not been able to detect any specific catalyst that will lead the Bitcoin bull run, but he does not think it is important in this case – “Specific catalyst unclear but it doesn’t matter.”Over the past 24 hours, the world’s primary cryptocurrency has gone down by 3.18%. This plunge was followed by growth of 1.29%. Bitcoin is currently changing hands at $61,950. Overall, since BTC lost the $65,000 level on May 6, it has been striving to recover it and has twice already attempted to break through the $63,300 zone – but to no avail so far.Bitcoin is expected by many to skyrocket later this year or in 2025 after the fundamental event for BTC that happened in April – the halving. It reduced the block reward size to 3.125 BTC and, historically, Bitcoin has always skyrocketed after each of the three previous halvings.Another potential price catalyst is that spot ETFs continue to purchase Bitcoin en masse, having started their regular accumulation in January, when they were approved for trading by the SEC.Should this happen, billions of U.S. dollars will flow back into the U.S. and crash the dollar. He recommends buying Bitcoin, gold and silver as protection from this potential negative development.This article was originally published on U.Today More

“Teleport your money to safety,” Saylor wrote in a tweet while tagging Bitcoin. This metaphorical advice comes at a critical time when the market is experiencing significant volatility, and investors are seeking a haven for their digital assets.Michael Saylor’s statement might not be about literal teleportation but rather a strategic move to safeguard investments. By using the term “teleport,” Saylor emphasizes the speed and decisiveness required in taking action. His message might reflect the swift action needed to prevent potential losses during market downturns.At the time of writing, BTC has fallen 1.34% in the previous 24 hours to $61,931, matching the decrease in the cryptocurrency market ahead of key data releases.The cryptocurrency market dipped on Tuesday as investors anticipated fresh inflation data and Federal Reserve policymakers’ statements, hoping for signals about the future path of monetary policy.The April producer price index, which monitors wholesale inflation, is due out on Tuesday. Dow Jones surveyed economists, who estimate that the PPI would climb 0.3% from last month.MicroStrategy has been a staunch supporter of Bitcoin, with Saylor leading the charge in advocating for the cryptocurrency as a reliable store of value. The company’s strategy to hold Bitcoin through volatile times has been a testament to its belief in the long-term potential of digital currencies. That said, Saylor’s message might extend beyond mere preservation of capital. His statement might remind readers that taking prompt and well-informed action is crucial in the face of uncertainty.This article was originally published on U.Today More