bitcoinnewsupdate

Bitcoin is going down again because there were rumors that Trump would announce ZERO Crypto Capital Gain Tax at the Digital Asset Summit, but nothing like that happened.
Bitcoin’s price can indeed be influenced by rumors and expectations, especially around high-profile events like the Digital Asset Summit, where figures like Donald Trump and industry leaders such as Michael Saylor were anticipated to speak. Posts on X and some web reports indicate that there was buzz about a potential announcement of a zero percent capital gains tax on cryptocurrency—a policy that could significantly boost crypto adoption and prices by removing tax burdens on profits. Such a move would align with Trump’s pro-crypto stance, as seen in his recent actions like establishing a Strategic Bitcoin Reserve via executive order earlier this month.

However, if Trump’s speech at the summit (which occurred today, March 20, 2025, with his remarks expected around 10:40 AM ET, or 7:40 AM PDT) didn’t mention this tax policy, it could explain a dip in Bitcoin’s price. Markets often "buy the rumor, sell the news," meaning prices rise on speculation and fall if the outcome doesn’t meet heightened expectations. One X post from today noted that Trump discussed the U.S. Bitcoin reserve and stablecoin legislation but made no mention of a zero capital gains tax, labeling such claims as "fake news" and observing that Bitcoin dipped because the market anticipated more concrete policy details.

Without real-time price data or the full transcript of Trump’s latest remarks (beyond what’s summarized in posts and earlier reports from the March 7 White House Crypto Summit), I can’t confirm the exact price movement or the precise content of today’s speech. However, the pattern fits: unmet expectations from a heavily hyped event could trigger a sell-off, especially if traders were positioned for a bigger announcement. Trump’s earlier speeches, like the one on March 7, focused on positioning the U.S. as a crypto leader and supporting the Strategic Bitcoin Reserve, but they didn’t touch on capital gains tax elimination either, suggesting this might be a persistent rumor rather than a policy he’s ready to endorse.

For a definitive answer, you’d need to check Bitcoin
$BTC
#BTC #bitcoinnewsupdate

#Starbucks #BinanceSquareFamily #BitcoinPizzaDay2024 #bitcoinnewsupdate #CryptoNewss

Devendra Mehra, manager of the Starbucks outlet in Delhi’s Khan Market, recently shared a heartfelt story of a man working as a Zomato delivery agent, a single father taking care of his two-year-old daughter. In a post on LinkedIn, Mehra shared a picture of the man with his daughter.
In his now-viral post, Mehra shared that the man is a single father and carries his daughter to work. On learning his “inspiring” story, the store offered a “small treat of babyccino” to the toddler. “Today, a Zomato delivery boy came to our store Starbucks Khan Market, New Delhi to pick up an order. He touched our hearts. Despite facing challenges at home, he continues to work hard while caring for his little 2-year-old daughter with him during the work,” Mehra wrote.
“He is a single parent raising his daughter. Seeing his dedication and love for his child was truly inspiring. We were honoured to offer her a small treat of babyccino, hoping to bring a little smile to her face. It reminded us of the strength and resilience of the human spirit, even in difficult times. We wish him and his daughter all the best, and we’re grateful for the small moments that remind us of the kindness and empathy that connect us all. His name is Sonu,” the post said.
See the post here:

After the post came to light, Zomato Care thanked Mehra for acknowledging the delivery agent. “Thank you so much for sharing this touching story about Sonu. We’re deeply moved by his dedication and the strength he shows in his work. We’ll ensure your heartfelt appreciation is passed on to Sonu. His resilience and commitment truly embody the spirit of our team. Your kind gesture and recognition mean a lot to us,” the company wrote.

Many X users hailed Mehra for his kind gesture. A user commented, “Stories likes these makes heart so full. See if you can find this man again as we can do fund raising for his daughter’s education. I would be the first one to contribute.”

It’s heartwarming to see the empathy and kindness extended towards Sonu and his daughter. This story is a testament to the strength and resilience of the human spirit, reminding us all to cherish the small moments and practice empathy,” another user wrote.

#Bitcoin❗ #MarketDynamics #BinanceSquareFamily #bitcoinnewsupdate #BTC☀

Introduction: The Impact of Interest Rates on Bitcoin

Bitcoin has recently experienced a price surge following the U.S. Federal Reserve's decision to lower the Federal Funds Rate by 0.5% to 5.00%. While this move is typically viewed as beneficial for the cryptocurrency market, it raises concerns about a potential correction. With the U.S. government continuing its spending spree, investors may shift their focus from riskier assets like cryptocurrencies to bonds as interest rates decline.

Current Resistance Levels: Key Zones to Watch

Bitcoin is currently trading within a critical resistance zone, ranging from $63,500 to $61,460. This area coincides with several significant indicators:
- Potential Reversal Zone (PRZ)
- 21-SMA (Weekly)
- 200-SMA (Daily)
- Yearly Resistance Levels
- Upper Bound of the Ascending Channel
These factors suggest that Bitcoin could face a reversal if it struggles to break through this resistance.

Elliott Wave Analysis : A Zigzag Correction Completed?

According to Elliott Wave theory, Bitcoin appears to have completed a Zigzag correction (ABC/5-3-5). Additionally, there is evidence of Regular Divergence (RD-) between consecutive peaks, indicating a potential slowdown in upward momentum.
Market Sentiment: USDT.D% and BTC.D% Trends

USDT Dominance (USDT.D%)

Currently, USDT.D% is near its support zone, along with the lower line of the descending channel and the PRZ. An anticipated rise in USDT.D% could lead to downward pressure on Bitcoin's price.

Bitcoin Dominance (BTC.D%)

Conversely, BTC.D% is facing heavy resistance. As BTC.D% approaches this resistance zone, a downward trend in BTC.D% could exacerbate Bitcoin’s potential price decline.

Predictions : Price Targets and Corrections

Given the current analysis, I expect Bitcoin to retreat to the support zone of $60,000-$59,100 and fill the CME gaps. However, if Bitcoin can break the resistance zone of $63,500-$61,460, a bullish move towards $65,000 is plausible.

Advice: Risk Management Strategies

When trading in such volatile conditions, it is essential to implement stop-loss orders for all positions to mitigate potential losses. Ensure your positions align with market trends and analysis.

Conclusion : Navigating the Upcoming Market Dynamics

In conclusion, while the recent Fed rate cut may have sparked optimism in the cryptocurrency market, Bitcoin’s current resistance levels and market dynamics suggest that a correction is on the horizon. By carefully monitoring these indicators and employing sound risk management strategies, traders can navigate the complexities of the market effectively. Stay alert to changes in dominance and market sentiment, as they will significantly impact Bitcoin’s next move.

1. **BTC/USDT Price**:
- Current price: 67,934.14 USDT
- Price trend: The chart shows a slightly bullish movement as the price is increasing.

2. **MACD (Moving Average Convergence Divergence)**:
- MACD Value: -2.04, indicating that the MACD line is below the signal line, suggesting bearish momentum.
- DIF (MACD Line) = 14.07
- DEA (Signal Line) = 16.11
- The MACD is negative, implying caution. However, if this crosses into positive, it could signal a potential buy.

3. **Volume**:
- Volume is relatively low, which indicates that market participants are not very active. This could lead to price fluctuations without strong confirmation of the trend.

4. **Moving Averages**:
- MA(5): 12.50892
- MA(10): 14.09560
- The 5-period MA is below the 10-period MA, which also indicates a bearish sentiment.

### Trading Recommendations:

#### **Plan A: Bullish Scenario (Long Entry)**
- **Entry Point**: Wait for a bullish MACD crossover where the MACD line crosses above the signal line.
- **Target Profit (TP)**: Set your TP around 68,500 to 69,000 USDT, based on the resistance level shown in the chart.
- **Stop Loss (SL)**: Place a SL around 67,400 USDT to manage your risk in case the trend reverses.
- **Trade Duration**: 1-7 days, depending on market activity and volatility. Adjust SL to break even once in profit by 1.5-2% to minimize risks.

#### **Plan B: Bearish Scenario (Short Entry)**
- **Entry Point**: If the price breaks below 67,800 USDT and MACD remains bearish, you can open a short position.
- **Target Profit (TP)**: 67,300 to 67,000 USDT, as the chart suggests support around this area.
- **Stop Loss (SL)**: Place a SL at 68,100 USDT if the price starts to recover.
- **Trade Duration**: 1-5 days. Monitor for any signs of reversal.

#### **Plan C: Reversal Scenario**
- If a price reversal occurs, particularly near a key support or resistance level, plan to either cut your losses or scale your position.
- If you entered long but the price reverses and breaks below your SL, close the position and reassess. Similarly, for shorts, cover the position if the trend becomes bullish.

#### **Plan D: Neutral Waiting Strategy**
- If volume continues to be low, wait for a strong confirmation of the next trend direction. It’s better to hold back and avoid taking unnecessary risks in a choppy market.

### Risk Management:
- **Risk/Reward Ratio**: Maintain a minimum ratio of 1:2 or 1:3 for your trades to ensure profitable risk management.
- **Capital Allocation**: Do not allocate more than 2-5% of your total trading capital
#CPI_BTC_Watch #bitcoinnewsupdate