Bitcoin price is trading above $85K with on-chain indicators painting a rosy picture for the largest cryptocurrency. Apart from the charts, Bitcoin’s recent surge can be attributed to a streak of fundamentals, lining up the asset for a bigger rally.
Michael Saylor’s Strategy Hints At Bitcoin Purchase
The biggest needle mover for Bitcoin today is Michael Saylor hinting at a potential BTC purchase for Strategy. The Strategy CEO took to X to share his firm’s portfolio tracker, a precursor to new BTC purchases.
Historically, Saylor sharing his MicroStrategy portfolio tracker signals a potential BTC purchase by the firm. This time, Saylor’s post was accompanied by a caption saying, “Needs more Orange.”
At the moment, Strategy holds 499,226 BTC in its balance sheets, and acquiring more BTC will see it cross the 500,000 threshold. Last week, the firm unveiled a plan to raise $500 million to buy BTC via the sale of its preferred stock.
Armed with fresh capital, Strategy’s next Bitcoin purchase will have a profound effect on Bitcoin price.
A Wave Of Positive Fundamentals For Bitcoin
Bitcoin price is showing signs of optimism following whispers of Coinbase acquiring Deribit for $5 billion. After weeks of outflows, spot Bitcoin ETF inflows rose to $785 million, signaling strong institutional interest.
Since the tail end of February, new Bitcoin investors have gobbled up nearly 200,000 BTC with a chunk being institutional players. Key decisions by the Fed in last week’s FOMC meeting are bumping Bitcoin’s price along. The Fed’s decision to keep interest rates unchanged sent BTC charging by 3.5% with Arthur Hayes saying Bitcoin’s bottom formed at $77K.
A predicted rate cut in April is triggering bullish sentiments for a cross-section of BTC investors. The IMF is reportedly conferring digital gold status on BTC, whipping up a frenzy among investors.
On-chain And Technicals Portray Further Bullishness For BTC
While Bitcoin struggles to hold the $85K mark, daily trading volumes indicate bullishness at $11.96 billion. On the seven-day chart, BTC has climbed by nearly 3%, underscoring positive optimism for the asset.
A double-bottom reversal pattern at $78K and $76K is serving as confirmation for a march to $114K. Amid a wave of optimism, analysts say short-term hurdles for BTC price are behind the asset, setting the stage for an upswing.
Bitcoin price has been displaying massive volatility since the start of the year. Despite a drop from the ATH close to $109K, the bulls and the whales do not appear to have lost their momentum. As a result, the token has managed to breach above the crucial resistance at $88,500 and almost marked the highs at $94,000. Currently, the token is facing some upward pressure, but the momentum of the bulls does not appear to have faded.
The latest data from Glassnode hints towards the whales soaking up the supply at a pace not seen before 2020. The large buyers have been buying heavily, with the wallet holding more than 10,000 BTC, displaying a large accumulation.
Holders with BTC ranging from 1000 to more than 10,000 BTC have been displaying a near-perfect accumulation. On the other hand, the institutions have also begun to accumulate Bitcoin. The spot ETF inflows hit a record high during the past trading day, with nearly a billion, the biggest since November. After 4 days of consecutive gains, the market participants seem to have become bullish on Bitcoin. Unfortunately, they remain skeptical about the next price action as the market remains split between the longs and the shorts.
The Bitcoin long/short ratio is at around 0.9841, which suggests the traders are hedging heavily. Despite the latest rise in the bullish momentum, the longs record 49.56% of the trade, while shorts are around 50.4%. Hence, raising speculation whether it is a calm before a massive breakout or the token is heading for a reversal.
Bitcoin (BTC) Price Analysis
The short-term price action of BTC is bullish, as the token has been forming constant higher highs and lows. The volatility of the token has risen to some extent due to a notable influx of buying volume. Therefore, the price is expected to maintain a healthy upswing, regardless of the upward pressure.
The stochastic RSI has reached the lower threshold and is preparing to initiate a bullish crossover. Meanwhile, the MACD in the short term shows a drop in the buying pressure while the levels are heading for a bearish crossover. Hence, the price, which has dropped below the rising trend line, may reach the average levels of the channel. However, the price is expected to trigger a rebound and reach the resistance of the channel and rise above $96,000 before the end of the month.
The post Investors Still Skeptical About the BTC Price Rally-—Is This a Calm Before the Storm or a Reversal Incoming? appeared first on Coinpedia Fintech News
Bitcoin price has been displaying massive volatility since the start of the year. Despite a drop from the ATH close to $109K, the bulls and the whales do not appear to have lost their momentum. As a result, the token has managed to breach above the crucial resistance at $88,500 and almost marked the highs …
Binance founder Changpeng Zhao (CZ) has warned that 95% of cryptocurrencies are destined to fail due to weak fundamentals, lack of real-world utility, and terrible execution. However, Ozak AI (OZ) is emerging as a standout project with a sturdy use case in AI-driven blockchain generation. By integrating predictive analytics, machine learning, and decentralized finance, Ozak AI offers real-time market insights and automatic trading solutions, setting it apart from speculative tokens.
Currently in its 3rd presale stage at just $0.003, analysts expect OZ could attain $1, imparting a large growth possibility. With AI reshaping industries and blockchain technology evolving, Ozak AI’s progressive method positions many of the elite 5% of cryptos with long-term potential, proving CZ’s caution at the same time as highlighting its promising destiny.
The Crypto Market’s Harsh Reality
Binance founder Changpeng Zhao (CZ) has long been a vocal figure within the cryptocurrency space, offering insights into market trends and potential risks. Recently, CZ issued a stark caution: 95% of cryptocurrencies will finally fail. His declaration aligns with a widely usual reality within the crypto enterprise—most projects lack real-world software, sturdy development groups, or long-term sustainability.
Despite the fast increase of the blockchain sector, history has shown that only a handful of tasks manage to survive and thrive over time. Many cryptocurrencies released with bold roadmaps however fail due to terrible execution, lack of adoption, or unsustainable tokenomics. With regulation tightening and investors becoming extra cautious, most effective tasks with sturdy basics and innovative use instances will have a risk at long-term success. This raises the question: Which cryptos will defy the odds?
Among the emerging crypto initiatives, Ozak AI (OZ) is swiftly gaining traction as a promising project. Unlike the heaps of speculative tokens flooding the market, Ozak AI is built on a foundation of artificial intelligence and blockchain integration, offering real-world applications that deal with urgent financial and analytical needs.
Ozak AI combines AI-pushed predictive analytics, machine learning algorithms, and decentralized finance (DeFi) to offer users with real-time monetary insights, automated trading strategies, and advanced data analytics. This approach unites it other than conventional cryptocurrencies, many of which lack a tangible use case beyond hypothesis. By leveraging AI, Ozak AI ambitions to revolutionize the way investors have interaction with the crypto market, making facts-driven decisions extra accessible and efficient.
The project’s particular features include the Ozak Stream Network (OSN) for low-latency statistics processing, decentralized protection via DePIN (Decentralized Physical Infrastructure Networks), and customizable Prediction Agents (PAs) that permit users to tailor AI models to their unique wishes. These innovations role Ozak AI as a leading pressure inside the AI-powered blockchain revolution.
Moreover, the 3rd stage of the Ozak AI presale is currently occurring, and the task is already making waves within the crypto community. With an outstanding over $900K raised so far, Ozak AI tokens are currently priced at simply $0.003 each, with the next level price set at $0.005. This early-level opportunity is poised for sizable growth, with projections suggesting that the token ought to reach $1 by 2025.
The Road to $1: A Realistic Projection
Currently, Ozak AI is in its 3rd presale stage, with the OZ token priced at simply $0.003. Given the growing hobby in AI-driven crypto solutions and the speedy adoption of blockchain-based predictive analytics, analysts are expecting that OZ should reach $1 in the near future. This could represent an outstanding 333x return for early investors, making it one of the most money making opportunities in the current crypto market.
Unlike many tokens that rely simply on hype, Ozak AI is sponsored by a strong ecosystem and clear software. The growing demand for AI in financial markets, mixed with the assignment’s innovative method, gives it a great area over competitors. If adoption keeps at its current pace and the AI area keeps its momentum, Ozak AI might be among the elite 5% of cryptos that prevail, proving CZ’s caution right while solidifying its place as a chief player within the industry.
CZ’s caution about the fate of 95% of cryptocurrencies is a reminder that now not all initiatives are built to remain. However, Ozak AI’s solid fundamentals, progressive AI integration, and strong market positioning make its route to $1 extra promising than ever. For traders seeking a project with real-world value and long-term boom potential, Ozak AI sticks out as an extraordinary opportunity in an otherwise unsure market.
About Ozak AI
Ozak AI is a blockchain-based project that provides a technology platform that specializes in predictive AI and advanced data analytics for financial markets. Ozak AI helps crypto investors and businesses in decision-making by providing real-time, accurate, and actionable insights through machine learning algorithms and decentralized network technologies.
The post CZ’s Warning: 95% of Cryptos Are Doomed—But Ozak AI’s Path to $1 Looks Stronger Than Ever! appeared first on Coinpedia Fintech News
Binance founder Changpeng Zhao (CZ) has warned that 95% of cryptocurrencies are destined to fail due to weak fundamentals, lack of real-world utility, and terrible execution. However, Ozak AI (OZ) is emerging as a standout project with a sturdy use case in AI-driven blockchain generation. By integrating predictive analytics, machine learning, and decentralized finance, Ozak …
XRP recently saw a sharp price dip to $2.15, triggering massive liquidations worth $13.9 million in long positions, compared to just $1.49 million in shorts, a nearly 1000% imbalance. This shows that most traders were betting on the price going up. When it didn’t, many positions were wiped out, pushing the price down further.
However, XRP has bounced back to $2.20, a key support level, and some traders believe this was just a shakeout before the next big move. Crypto analyst John Squire agrees and says XRP isn’t dead — it’s just loading.
XRP Has Been Building for Years
XRP isn’t a new token riding the latest hype. It has been in development for over a decade. Ripple, the company behind XRP, has built a global payment network, RippleNet, which is active in over 55 countries. It’s already being used by more than 350 financial institutions, including major names like SBI, Tranglo, and Santander. This isn’t about plans, it’s happening now.
A Win in Court and Legal Clarity Ahead
One of XRP’s biggest moments was its legal battle with the U.S. Securities and Exchange Commission (SEC), which started in December 2020. Ripple scored a partial win in July 2023, and the SEC recently paused its appeal, which could lead to full legal clarity soon. If that happens, XRP could become one of the few major cryptocurrencies fully cleared to work with U.S. banks.
While many call XRP “dead” because of its slow price movement, Squire says this is often when smart investors quietly buy in. Technical indicators show XRP is holding steady with support around $2.00 and a chance to turn bullish if it breaks $2.30. For now, XRP may be quiet, but it might just be getting ready to roar.
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The post XRP Isn’t Dead — It’s Loading! Here’s Why Analysts Say XRP Price Rally Is Coming appeared first on Coinpedia Fintech News
XRP recently saw a sharp price dip to $2.15, triggering massive liquidations worth $13.9 million in long positions, compared to just $1.49 million in shorts, a nearly 1000% imbalance. This shows that most traders were betting on the price going up. When it didn’t, many positions were wiped out, pushing the price down further. However, …
