The growth of#bitcoinprice does not impress me. Markets are weak. I consider a small growth to 67-68k and further price movement to withdraw liquidity in the area of ​​43k. In what period of time will this happen... months, friends. I play the long game.

#btc has gone sideways in terms of dominance and may give a chance for an altseason.

Unfortunately#ETF#bitcoin has become one of the tools for price manipulation on exchanges. But they told you something else...

The latest market collapse has seriously battered many. But I see a protracted collapse. And now, after a rebound associated with the withdrawal of liquidity, #bitcoin will continue to fall into the 45-40K region, and there are already limit orders. Therefore, one should not expect significant growth in altcoins.

The week will obviously end with an increase in the price of BTC, about this
This is evidenced by the placed limit orders on the spot market, as well as the influx of liquidity into the ETF.

The market still maintains a bullish trend, but a correction is required. And I want to address those whose futures positions have gone negative and are expecting a bottom around 57k and then averaging out. It won’t work, the price may drop like a wick even to 50k. I wish you the right decisions, take care of your deposits!

Friends, on April 22 and 25 in my materials I predicted a price drop to $BTC . Therefore, I repeat once again that the price can visit a large liquidity zone in the 57k zone. Good luck everyone

In previous posts, I drew attention to a possible drop in the price of BTC based on the analysis of liquidity data below 60k.
I would like to draw attention to another factor, these are large limit orders in the area of ​​62-58k.
Try to take this into account in your trading.

BTC Liquidity Update

The Pi Cycle Top Indicator is useful to use when the market is very overheated.

Over the last three market cycles, when the 111DMA moves
up and crosses 350DMA x 2, we see that this coincides with the Bitcoin price peak.

Let's see if there will be a super cycle as predicted. I will only enter after confirmation when BTC is firmly above 74k

Colleagues, I fixed a long position at 66.200 on BTC futures. I'm expecting a collapse...

The bankrupt exchange FTX intends to hold an auction of a large volume of Solana tokens. This procedure may have an impact on the price of SOL.
Selling assets to pay off debts has been done before, but the use of an auction this time could indicate possible changes in market dynamics.
"Forewarned is forearmed."

After the halving, the public was convinced that there would be a mandatory increase in the price of #btc, because miners would receive half the reward for mining blocks, and therefore the cost of bitcoin should be at least 80k.
But, there is one thing... miners still receive income from
commissions on the network.
And on April 20, 2024, the daily income of Bitcoin miners updated its historical maximum at the level
at $107.76 million, according to YCharts.
This happened against the backdrop of high network fees associated with the launch of the Runes protocol.
This is the first time the indicator has reached such a high value. The previous maximum was recorded in April 2021.
I will personally take this factor into account...

Tomorrow is Monday and the new week will bring new price movements.

I would like to draw your attention to the fact that the market is still in a state of overbought and there is a possibility of a correction in the BTC rate after the reduction
rewards for miners.

An analysis of open interest in Bitcoin futures leads to this conclusion.

In addition, BTC is still trading above the volatility-adjusted price of gold at $45,000.

In addition, venture capital funding for the industry remains low, despite the recent resurgence of the cryptocurrency market.

Therefore, risk management is mandatory and hedging positions is encouraged.

For five days in a row we observed an outflow of #ETF, on April 19 for the first time in a week + 60 million #$, and received an impulse upward movement in the#btcprice. It is worth taking this correlation into account.