WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – JUNE 6
Price Action Bitcoin plunged to $100,475 with $64.6M in liquidations before rebounding above the 30-day VWAP at $105,530, though derivatives show lingering bearish sentiment. It now trades between key support at the 50-day MA ($100,548) and resistance at the 20-day MA ($106,587). Ethereum fell from $2,590 to $2,399, triggering $42M in liquidations, but recovered to […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – MAY 30
Price Action Bitcoin dropped from 107,400 to 105,500 but holds support at the 20-day MA (106,200), with high funding rates reflecting bullish sentiment. A break above 111,800 could open the path to 115,000, while a drop below 104,200 risks a deeper pullback. Ethereum slipped from 2,656 to 2,596, holding above the 20-day MA (2,560) amid […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – MAY 23
Price Action: Bitcoin’s recent pullback from $112,000 to $108,400 occurred amid high funding rates of 100 basis points, with liquidations primarily affecting short positions totaling $687,000 out of $704,000 total. Technical indicators suggest strong support levels, with the 20-day SMA at $102,600 and the 30-day VWAP at $100,900. Ethereum traded between $2,626 and $2,678 with […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – MAY 16
Price Action Bitcoin demonstrated positive price action with a climb from 102,400 to 103,700, briefly touching 104,200, accompanied by modest short liquidations of $1.7M and a slightly positive funding rate of 0.29 basis points. The overall market structure remains technically sound with BTC trading comfortably above all major moving averages. The cryptocurrency maintains strong support […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – MAY 9
Price Update Bitcoin continued its strong upward momentum, rising from 99,400 to 103,000, backed by heightened bullish sentiment, elevated funding rates, and $2.7 million in liquidations. Technical indicators remain favorable, with upside targets at 104,000 and potentially the all-time high of 109,600, while 99,000 stands as key support. Ethereum surged from 1960 to 2340, driven […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – MAY 2
Price Action Bitcoin is holding steady near $97,000, trading within a narrow range, though negative funding rates point to growing bearish sentiment in the derivatives market. Technical indicators remain mixed, with support anchored at key moving averages—leaving room for a potential move toward $108,300 if support holds, or a drop to $81,400 if it breaks. […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – APRIL 25
Price action Bitcoin displayed strong upward momentum, climbing from 92,600 to 94,300 and breaking above key technical levels including the 50-day and 200-day moving averages. Despite slight bearish sentiment in the derivatives market and minimal long liquidations, solid spot buying could drive the price past 95,000. Ethereum posted modest gains from 1,756 to 1,786, trading […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – APRIL 18
Price Action Bitcoin posted slight gains of 0.38%, trading between 83,800 and 85,500, with elevated funding rates pointing to sustained bullish sentiment. While BTC remains above its 20-day moving average, it continues to face resistance at 88,200. Low liquidation volumes indicate subdued market leverage and a cautious trading environment. Ethereum held steady near 1,594 within […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – APRIL 11
Price Action * Bitcoin showed strength with a rebound from $78,500 to $82,700, supported by solid buying during the Asian session. Derivatives markets reflected stability with moderate liquidation levels and slightly positive funding rates. However, BTC continues to trade below major moving averages, with key resistance at $87,200 and important support at $78,500. * Ethereum […]
WEEKLY MARKET AND ECONOMIC HIGHLIGHTS – APRIL 4
Price Action: Bitcoin saw a slight uptick from $81,900 to $83,000, though high funding rates and $7.7 million in long liquidations signaled persistent market pressure. The price remains constrained between the 50-day MA resistance at $87,400 and 20-day MA support at $84,300. A breakout above the 50-day MA could push BTC toward $89,100, while losing […]
