BTC and Cryptocurrency Volatility Ahead – Jerome Powell, the chairman of the Fed, has talked about the fact that further rate cuts are not in the cards. The news immediately upset the financial markets and cryptocurrencies were not spared. Despite everything, there are portfolios that have more than 100 BTC to support the price, and the period is favorable for a bullish continuation. Let’s take stock in the Bitcoin Bulletin!
Bitcoin price down 1.7% in 24 hours
Despite this slight decrease in the last 24 hours (-1.7%)the bitcoin price trend is solid. BTC is higher than 15% in one weekfrom 30% in one month az 50% in three months :
Bitcoin performance against different pairs. Source: Coincheckup
In all cases, the course BTC outperforms Ethereum. The BTC/ETH pair advanced by more than 3% in 24 hoursfrom 10% in one week and almost 30% in three months.
BTC is entering a particularly volatile phase
The end of the wait for cryptocurrency enthusiasts? It must be said that BTC has spent more than 200 days around $60,000 without giving a clear direction. However, between The Fed has decided to start cutting its ratesandthe election of Donald Trumpbitcoin price succeeded climb above $90,000. It looks like the king of cryptocurrencies has been launched, as in recent cycles:
Data from DecenTrader shows that Bitcoin usually moves on the rise – in a bull run – between the halving and approximately 500 days after the halving. After that, the situation becomes rather complicated and the price even enters bear market. But if we take a closer look, we find that the most volatile phase begins 200 days after the halving. If past performances are to be believed, the current bull run could last until the end of 2025 (approximately 300 additional days). Arrival institutional actors like BlackRock will shake up the cryptocurrency cycle? This is not the case at the moment…
Bitcoin price drops below $89,000
In the 4H time unit, the rate is maintained by a generally bullish momentum for several weeks. But the level on $89,000 did not hold and the buyer must now react between $86,000 support and institutional bias (EMA 9/EMA 18) bullish :
To be able to resume the risewill have to get rid of resistance to $89,000. Because if buyers don’t hear back in the next few days, the price could end lose $86,000. In this case, the price could fall towards additional support of $80,000. At the same time, the RSI is back at bullish trend line. A rebound would make that possible maintain the bullish momentum in place for several weeks.
Bitcoin price dropped around $86,500, but the trend remains bullish in the 4H time frame. And in addition, the period is rather favorable for the rise, because Bitcoin has entered a phase that is usually very volatile. BTC has already shown us how quickly it can move from $70,000 to $90,000 and the buyers may not have had their last word. BTC is already in the top 10 most capitalized assets.