Analysis $BTC 03/05/2025
#BTC, we are moving slowly, but we are still climbing.
Again we are recovering this green range on the chart, in the region of $93K is where the EMAs 50/100 (1) are now, they still act as resistance, today we don't need much, a daily close at $92K would put us in a good position to attack $95K. I thought we would have good data today that would help us reach $95K still today, but as we saw... the data didn't help much and we got delayed.
I don't really like the idea of just saying that we are hostages to the news on Friday at Trump's Meeting regarding Cryptos, however, that is what we are doing now if we do not recover the green range in this attempt. So if Trump is not convincing about anything he says regarding the sector, things will go bad here again.
We are all seeing Trump and his associates playing around making money with statements on their social media, but we are not seeing concrete actions in this regard. It is true that the SEC has been doing a great job, as it has withdrawn and canceled several actions against good Crypto Companies in a short period of time, but that is the only thing so far that is actually in action. We need a firmer and public step regarding Bitcoin Reserve or Crypto Reserve (with altcoins).
We have a good structure here to rise, RSI, EMAs, PRICE ACTION is almost there, we are aligned to go up.
The large SELL Orders at $92K have already started to be closed, they are not real, send us there and most of them will close before being activated, it's not hard for the BULLS.
We just need a daily close within the green range and things will improve significantly.
The same thought for Altcoins:
In my opinion, ALTCOINS are at their lows, and to be honest, I am curious to see where $HBAR and $ALGO and some other amazing coins will reach in the coming days, with good news arriving soon.
$95K again, soon!
#BTC, we are moving slowly, but we are still climbing.
Again we are recovering this green range on the chart, in the region of $93K is where the EMAs 50/100 (1) are now, they still act as resistance, today we don't need much, a daily close at $92K would put us in a good position to attack $95K. I thought we would have good data today that would help us reach $95K still today, but as we saw... the data didn't help much and we got delayed.
I don't really like the idea of just saying that we are hostages to the news on Friday at Trump's Meeting regarding Cryptos, however, that is what we are doing now if we do not recover the green range in this attempt. So if Trump is not convincing about anything he says regarding the sector, things will go bad here again.
We are all seeing Trump and his associates playing around making money with statements on their social media, but we are not seeing concrete actions in this regard. It is true that the SEC has been doing a great job, as it has withdrawn and canceled several actions against good Crypto Companies in a short period of time, but that is the only thing so far that is actually in action. We need a firmer and public step regarding Bitcoin Reserve or Crypto Reserve (with altcoins).
We have a good structure here to rise, RSI, EMAs, PRICE ACTION is almost there, we are aligned to go up.
The large SELL Orders at $92K have already started to be closed, they are not real, send us there and most of them will close before being activated, it's not hard for the BULLS.
We just need a daily close within the green range and things will improve significantly.
The same thought for Altcoins:
In my opinion, ALTCOINS are at their lows, and to be honest, I am curious to see where $HBAR and $ALGO and some other amazing coins will reach in the coming days, with good news arriving soon.
$95K again, soon!
