The All Exchange Stablecoin Ratio has reached lows not seen since November.

Each time this ratio has gone so low is marked by periods of significant strength for $BTC.

The significant reduction in on exchange supply for BTC can be noticed here.

Regards mid-term scenario on bitcoin

We got a huge rise despite the max sell-pressure in the range of 27k-32k$. Imagine what happens when selling pressure is low, which we have now.

So far it makes me bullish on #BTC in the mid-term and I am looking for the final confirmation (breakout of the 62k and fixation above) for the rally to go on📈

The Bitcoin Network now transfers $137,000 per second around the world without requiring a bank, government, or third party.

PayPal launches crypto checkout service

https://www.reuters.com/article/crypto-currency-paypal/exclusive-paypal-launches-crypto-checkout-service-idUSL1N2LR0OD

Bitcoin Update!

Bitcoin is currently testing last resistance before reaching a new all-time high.

If this resistance gets broken, we’re about to witness the highest price in Bitcoin history very soon.

BREAKING: Goldman Sachs to begin offering bitcoin and ‘other digital assets’ to its wealth management clients in the second quarter of this year

https://www.cnbc.com/2021/03/31/bitcoin-goldman-is-close-to-offering-bitcoin-to-its-richest-clients.html

Bitcoin hashrate hits a new all-time-high

Most likely scenario for ETH/USD

BNB/USD looking for $400 as the next target!

March closes with 30% monthly returns, marking six consecutive positive months and making the best March close since 2013.

Bitcoin is still struggling with the last resistance before reaching a new all-time high.

Once we see close above this area on either H4 or D1 TF, we’re about to witness reaching the new highest price in history for Bitcoin.

Reminder:

When we’re in a bull market, correction is time to get in.

Keep this in your mind when the next one happens!

We’re going up without retracement!


The target is still the same!

$400 target gets closer and closer!

Institutional investors are choosing Bitcoin over gold.

Gold has seen $20 billion in fund outflows since mid-October, compared to $7 billion in bitcoin fund inflows over that same time period.

Bitcoin is currently forming an interesting pattern right at the resistance.

By default, this is a bearish pattern but keep in mind we’re in a bull market, just below all-time high so wouldn’t be that confident shorting Bitcoin just because it’s forming a pattern that’s bearish in 60-70% cases but people forget that in 30-40% cases it’s actually bullish.

Bitcoin has been the greatest performing asset for the last decade, and it’s not even close.

So far, this bearish pattern is doing its job causing little correction on Bitcoin.

Very important next few 4H candlesticks that can either invalidate this move by bouncing back to the $59k area or cause some serious correction if we get close below 0.5 fib level.

Bullish target is of course new ATH but for bears, we have many targets but the main one is low at a $50.5k price level.

ADA/USD

What comes first?
anonymous poll

$1.5 – 175
👍👍👍👍👍👍👍 60%

<$1 – 117
👍👍👍👍👍 40%

👥 292 people voted so far.