Future

2024

Bitcoin

Note

<p>The post <a href="https://coinpedia.org/price-analysis/bitcoin-price-correction-on-horizon-heres-what-to-expect-for-this-weekend/" rel="noopener noreferrer nofollow">Bitcoin Price Correction On Horizon; Here’s What To Expect For This Weekend</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Bitcoin’s recent surge beyond $52,000 has stirred excitement in the crypto community, yet a note of caution from a prominent analyst has raised concerns about a potential correction. The contrasting signals from analyst Ali Martinez and Bitcoin Futures Open Interest, sheddin sheds light on the complexities of the current market dynamics.</p>
<h2 class="wp-block-heading" id="h-what-next-for-bitcoin-price">What Next For Bitcoin Price?</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;"> Warning! The TD Sequential presents a sell signal on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> daily chart, anticipating a one to four daily candlesticks correction. Note that the buy and sell signals this indicator has shows since December 2023 have all been validated. <a href="https://t.co/XQoP8TLvye" rel="noopener noreferrer nofollow">pic.twitter.com/XQoP8TLvye</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1758072411398844754?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>In a recent <a href="https://x.com/ali_charts/status/1758072411398844754?s=20" rel="noopener noreferrer nofollow">post</a>, Ali Martinez sounded a cautionary signal through the TD Sequential indicator on Bitcoin’s daily chart. The sell signal, with a historical accuracy since December 2023, suggests a potential correction lasting one to four daily candlesticks. This cautionary note prompts a closer look at market indicators, especially during heightened volatility.</p>
<h2 class="wp-block-heading" id="h-bitcoin-futures-open-interest"><strong>Bitcoin Futures Open Interest:</strong></h2>
<p>While the cautionary signal rings, Bitcoin Futures Open Interest data presents a different narrative. A 4.37% surge in the last 24 hours brings the total to 466.92K BTC or $24.47 billion, the highest since November 2021. CME, Binance, and Bybit lead this surge, indicating growing confidence in Bitcoin futures trading.</p>
<p>The discrepancy between Martinez’s warning and the bullish momentum in Futures Open Interest emphasizes the challenge of predicting Bitcoin’s short-term movements.&nbsp;</p>
<p>As traders brace for potential fluctuations, consideration of multiple indicators becomes crucial. The evolving cryptocurrency market remains susceptible to sentiment shifts and external factors, requiring a nuanced approach.</p>
<p>Recent data from CoinGlass unveils $161.45 million in liquidations, affecting 58,180 traders in the past 24 hours. The largest, a $5.24 million liquidation on Binance’s BTCUSDT pair, underscores market volatility. Bitcoin’s liquidation at $1.39 million signals potential risks, highlighting the need for vigilance among market participants.</p>
<p>As of writing, Bitcoin sits at $52,281.02, reflecting a 1.89% surge with a trading volume of $37.73 billion. Martinez’s evaluation of Bitcoin holders’ emotional cycles, transitioning from anxiety to belief, adds a psychological layer to the market sentiment. The belief phase, often followed by a peak of enthusiasm, hints at potential gains but also a looming correction.</p>
<h2 class="wp-block-heading" id="h-future-outlook-and-investor-caution"><strong>Future Outlook and Investor Caution</strong></h2>
<p>While optimism prevails in the market, investors are worrying about the cyclical nature of market sentiments. Conducting thorough research and considering risk tolerance is paramount. The article emphasizes the need for vigilance and responsiveness to emerging developments in the dynamic cryptocurrency landscape.</p>

Bitcoin Price Correction On Horizon; Here’s What To Expect For This Weekend

목차

CoinPedia News

2024년 2월 15일에 게재된 다른 기사

Analyzing BONK’s Rise: Is the Price Increase Here to Stay?

Massive Ethereum whale stacks nearly $200M in February

Over 400 illegal crypto ads flagged by UK financial watchdog in 2023

Rich Dad Poor Dad author bullish on Bitcoin, Bear for Gold

Internet sensation KSI faces pump-and-dump allegations in crypto sphere

MetaStreet Raises $25M from Angel Investors for Yield-Earning NFT Protocol

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!