XRP lawsuit update: The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has led to widespread confusion about the scope of a recent injunction. Lawyer Fred Rispoli clarified that the injunction does not impact Ripple’s institutional sales moving forward. The explanation centers around the specific context of “institutional sales”
Today, March 20, 2025, Bitcoin (BTC), the world’s largest cryptocurrency, appears to be shifting from its prolonged consolidation to massive upside momentum. The Fed’s decision to hold interest rates steady during the March FOMC meeting has pushed BTC above a crucial level.
Bitcoin (BTC) Technical Analysis and Upcoming Levels
According to expert technical analysis, after the March FOMC, BTC breached its prolonged consolidation and the resistance it faced from the 200 Exponential Moving Average (EMA) on the daily timeframe.
Despite the breakout, it is not yet fully confirmed whether BTC will rally or continue its prolonged consolidation. Based on recent price action and historical patterns, if BTC closes a daily candle above the $85,800 mark, there is a strong possibility it could soar by 8% to reach $92,600 in the coming days.
Source: Trading View
This bullish thesis will remain valid only if BTC holds above the $85,600 mark; otherwise, it may fail.
Current Price Momentum
At press time, Bitcoin is trading near $85,500, having surged over 4.50% in the past 24 hours. Meanwhile, its trading volume has jumped by 40% during the same period, indicating heightened participation from traders and investors compared to the previous day following bullish price action.
Major Liquidation Areas
After bullish price action and impressive upside momentum, traders seem optimistic about the asset, as reported by the on-chain analytics firm CoinGlass.
Source: Coinglass
Data revealed that traders are currently over-leveraged at $83,400, a level where they hold nearly $920 million worth of long positions. On the other hand, $86,300 is another over-leveraged level where traders betting on the short side have held $375 million worth of short positions.
When combining these on-chain metrics with technical analysis, it appears that bulls dominate and push BTC toward reclaiming the $90,000 mark.
The post Breakout Alert! Bitcoin (BTC) Could Hit $92,600 If This Happens appeared first on Coinpedia Fintech News
Today, March 20, 2025, Bitcoin (BTC), the world’s largest cryptocurrency, appears to be shifting from its prolonged consolidation to massive upside momentum. The Fed’s decision to hold interest rates steady during the March FOMC meeting has pushed BTC above a crucial level. Bitcoin (BTC) Technical Analysis and Upcoming Levels According to expert technical analysis, after …
Despite the recent uptrend, Ethereum price has slowed down its momentum as it enters supply zone. There might be a short-term correction before ETH revisits $2,000 and this could hurt late longs or eager bulls. Data shows nearly $1 billion worth of positions will be wiped if ETH price crashes below $1,731.
Nearly $1B Ethereum (ETH) Longs Face Liquidation Risk
According to CoinGlass’ Liquidation Map data, $973 million long positions will be culled, aka liquidated, if Ethereum price drops nearly 4% to $1,731. These positions are likely FOMO longs that were placed price rallied 15% this week in under two days.
Ethereum Price Crash Could Liquidate $1B ETH Longs
Ethereum Price Analysis: Will Crash First before $2,000?
The four-hour chart shows Ethereum price has hit a supply zone, extending from $1,780 to $1,820, after a 15% rally. Today, ETH’s price trades at $1,795 with the Relative Strength Index (RSI) producing lower lows after hitting the overbought zone, typically indicating a decline in bullish momentum. Over the past month, a decline in RSI inside the overbought conditions has led to corrections. If history repeats, then correction is highly likely for Ethereum (ETH).
However, due to the weekend, ETH price will be volatile, leading to liquidity hunts.
The most amount of pain will be caused if Ethereum price slides down to $1,731 or lower. However, there might be a push to the upside first to liquidate eager shorts before culling the late longs.
Two key levels to watch during the weekend include – $1,840 and $1,890, potentially up to $1,900. A short-term spike into this area to lure longs and liquidate shorts would be the best signal that ETH price is heading lower.
To the downside, Ethereum must manage to hold $1,669 or at least $1,600 to resume its recently developed bullish trend. A failure to do so could spell trouble for ETH bulls.
ETH/USDT 1-hour Chart
CME Ethereum Futures Chart Shows Gap Below
The Ethereum price chart for CME Futures produces gaps due to the markets being closed on the weekends. Popularly called as the “CME Gaps” often get filled as price retraces. The gap at $1,763 is filled after a 15% rally this week. However, this uptrend also created a new gap, which further supports a potential short-term correction for ETH price.
ETH/USDT 1-day CME Chart
A correction that stabilizes between $1,700 and $1,600 could lead be the intermediate higher low that leads to an extended bullish reversal for Ethereum price.
Bitcoin (BTC) plunged nearly 8% in late May, crashing from a high of $112,000 to $103,527, erasing $1701 billion in market value. This crash also wiped out $1.81 billion positions for BTC. As June begins, should investors buy the dip or expect BTC to extend its crash? Why Bitcoin Crashed: 3 Key Reasons The start of May saw Bitcoin price soar 18.70% and set an all-time high at $112,000 on US-based crypto exchange Coinbase on May 22. This impressive uptrend faced exhaustion over the next ten days, resulting in an 8% correction. According to data from Velo, nearly $2 billion in BTC positions faced liquidation. Let’s examine three key reasons why Bitcoin experienced a crash. Technical Exhaustion As noted in the previous CoinGape article, the bearish monthly and weekly divergence, as well as the swing failure pattern, are key drivers of the ongoing Bitcoin crash. Moreover, a similar combination of… Read More at Coingape.com
