Crypto News

With President Trump signaling support for cryptocurrency ahead of his inauguration on Monday, Bitcoin is rallying in anticipation. The price recently surged to $105,001, its highest level since December 18. On December 17, Bitcoin hit an intraday high of $108,364.Today, Bitcoin is up nearly $5,000, or 5.0%, and has gained over 11% for the week. Earlier this week, it dropped below $90,000 to a low of $89,164, marking a remarkable 17.5% rebound from that level.Technically, Bitcoin has broken above a key swing area between $102,760 and $103,647, now acting as close support (green numbered circles on the chart below). Holding above this range would confirm bullish momentum and set the stage for a potential retest of the all-time high at $108,364. More conservative traders may view $100,000 as a natural support level, reinforced by a recently broken top-side trendline, offering a lower-risk entry point. This article was written by Greg Michalowski at www.forexlive.com.

A Bloomberg (gated) report. The main points areTrump plans to designate cryotpcurrency as a national priorityan "executive order expected to create a crypto advisory council" "stopping federal crypto litigation" Its no secret that Trump is seen as a positive for crypto. Prices surged after the election. BTC has since gyrated around $100K: This article was written by Eamonn Sheridan at www.forexlive.com.

TradeCompass for Ethereum Futures Analysis (January 2025 Contract) – January 16, 2025Current Context:Current Price: $3,376.5Bullish Threshold: $3,395Aligned with today's developing VWAP; price above this level signals bullish momentum.Bearish Threshold: $3,363.5Aligned with yesterday's VWAP; price below this level indicates bearish sentiment.Trade Scenarios for Ethereum Futures:Bearish Setup:Stop-Loss: Place stops above $3,395 to limit risk.Profit Targets for Shorts:$3,350.2 – Close to today's value area low for quick risk mitigation.$3,323 – Just above the value area low from January 15th.$3,283 – A deeper bearish target for continued price weakness.$3,250 – A significant level for extended bearish moves.Bullish Setup:If the price rises above $3,395, consider entering long positions with these targets:$3,413 – Just below today's developing POC for quick profit-taking.$3,429 – Slightly under today's developing value area high.$3,452.5 – Just below yesterday's POC.$3,494.5 – Just below yesterday's value area high, for extended bullish scenarios.Educational Insight: Understanding Volume Profiles and VWAPVolume Profiles: A volume profile visually represents the traded volume at different price levels over a specific time period. Unlike traditional indicators, it shows where significant trading activity has occurred, helping traders identify key levels of support and resistance. Key elements include:Point of Control (POC): The price level with the highest traded volume, often acting as a magnet for price action.Value Area High (VAH) and Value Area Low (VAL): Represent the upper and lower boundaries of the range where 70% of trading activity occurs. These levels are critical for identifying potential reversal zones or breakout points.How to Use Volume Profiles:Entry and Exit Points: Identify areas of high activity (e.g., POC) for trade entries or targets.Reversal and Breakout Signals: Watch for price rejection or acceptance near the VAH and VAL.Volume-Weighted Average Price (VWAP): The VWAP calculates the average price of a security, weighted by trading volume, over a given period. It resets daily, making it a valuable tool for intraday trading. VWAP bands, such as standard deviations, add depth to analysis by showing areas of overextension or contraction.Applications of VWAP and Volume Profiles:Identifying Market Sentiment: Price above VWAP indicates bullish sentiment; below VWAP suggests bearish sentiment.Dynamic Support and Resistance: VWAP and volume profile levels adapt to real-time market conditions, offering traders flexible guidance.Risk Management: Use VWAP and POC for stop-loss and profit target placement, ensuring a disciplined approach.By combining VWAP with volume profiles, traders gain a comprehensive view of market dynamics, enabling more informed decisions about potential reversals, breakouts, and trend continuations.Summary of Ethereum Futures Analysis:Current Bias: Neutral, waiting for a breakout above $3,395 for bullish trades or below $3,363.5 for bearish trades.Strategy:For bearish setups, look for entries below $3,363.5 and aim for quick targets like $3,350.2.For bullish setups, focus on entries above $3,395 with incremental targets like $3,413 and $3,429.Reminder: Trade at your own risk, and adjust stops and profit targets according to market conditions.Why This Analysis Matters for Ethereum Futures TradersThis Ethereum futures analysis integrates actionable levels with educational insights on VWAP and volume profiles. Whether targeting $3,350.2 on the downside or $3,494.5 on the upside, this TradeCompass equips traders with the tools and knowledge needed to navigate today's market effectively. Trade ETH futures at your own risk only and visit ForexLive.com for additional views. This article was written by Itai Levitan at www.forexlive.com.

HimJust two days ago, the price of bitcoin was moving sharply to the downside. The price fell below the $90,000 level reaching a low of $89,164, but just as fast, the price rotated back to the upside closing at $94,505.Yesterday the price continue to move higher closing the day at $96,523 and today the momentum has continued with the current price trading back above the $100,000 level at $100,335. That's a greater than 10% increase in less than two days. Looking at the daily chart, the price is testing a top side trendline near session highs. Break above and the $102,760 to $103,647 swing area will be the next target area. The all-time high price is at $108,364. This article was written by Greg Michalowski at www.forexlive.com.

Standard Chartered warn that a 'clean break' of US$90,000 could trigger a wave of ETF unwinds and a drop to the low $80K level:spot bitcoin ETF purchases since the U.S. election are now only breaking evendigital assets have been caught up in a macro-driven sell-off since Fed Chair Powell turned hawkish on December 18the risk is that forced or panic selling adds to the current macro-driven sell-offprices of all other digital assets would likely followthe drop would be a retracement and would present an opportunity where "we (Stan Chart) would recommend accumulating longs"BTC chart with the 90K support drawn in. The lower line ... could we get there? I am sure technical analysts reading this post can do a better job of me, in the comments please folks! This article was written by Eamonn Sheridan at www.forexlive.com.

Bitcoin is trading below the $90,000 level. The price is currently trading down or -4.74% on the trading day at $89,845. The low price reached $89,164.Close resistance is between $90742 to $92092 (see yellow area on the chart below) This article was written by Greg Michalowski at www.forexlive.com.

TradeCompass: Bitcoin Futures Analysis Today – 13 January 2025Financial Instrument: Bitcoin FuturesPrice at the Time of Analysis: 94615Key Levels and Trade Scenarios for Bitcoin Futures TodayBullish Above: 96000Why Bullish Above:If Bitcoin futures cross above 96000, it would indicate price trading above today’s developing Value Area High (VAH) and surpassing the VWAPs of the past four trading days. This move would signal strong buying momentum in Bitcoin futures analysis today.Bullish Profit Targets for Bitcoin Futures:96300 – Just below the VAH of January 8, an important resistance level.97000 – A significant psychological round number for Bitcoin futures traders.98150 – Just under the Point of Control (PoC) from January 2, a key level attracting high trading volume.99000 – The VWAP of January 7, where institutional activity is expected to increase.Bearish Below: 93800Why Bearish Below:If Bitcoin futures drop below 93800, the price would break beneath yesterday’s Value Area Low (VAL), signaling increased selling pressure.Bearish Profit Targets for Bitcoin Futures:92700 – Near the PoC of January 9, a logical partial profit zone for shorts.92000 – Just above the VAL of January 9, a key level for Bitcoin futures traders today.90000 – A major psychological level and potential runner target for bearish traders.Educational Insights for Bitcoin Futures TradersVWAP and Bitcoin Futures Analysis TodayThe Volume-Weighted Average Price (VWAP) is essential for analyzing Bitcoin futures.How to Use VWAP in Bitcoin Futures Today:Identify dynamic support and resistance levels.Assess institutional buying or selling activity.Confirm bullish or bearish bias in Bitcoin futures analysis today.Value Area and Key Levels in Bitcoin Futures TodayValue Area High (VAH) and Low (VAL):These levels represent zones where 70% of trading volume occurs. In Bitcoin futures today, they act as pivotal support and resistance points.Bullish Strategy: Buy near the developing VAL and target the VAH.Bearish Strategy: Sell near the developing VAH and target the VAL or other key levels.Use these strategies with Delta analysis to anticipate market sentiment shifts.DisclaimerThis analysis of Bitcoin futures today is for educational purposes only and does not constitute financial advice. Trading in Bitcoin futures carries significant risk and may not be suitable for all investors. Use this analysis as a guide, not a guarantee, and always trade at your own risk.Visit ForexLive.com for more insights and updates.This analysis provides a "map" for navigating Bitcoin futures today. Use the bullish and bearish thresholds to understand market sentiment and adjust your trading strategy accordingly, considering partial profit-taking to balance risk and reward. This article was written by Itai Levitan at www.forexlive.com.

Polymarket is a decentralized, blockchain-based platform for information markets, allowing users to trade on the outcomes of real-world events. Essentially, it enables participants to express their opinions or predictions about various topics—such as politics, sports, finance, or global events—by buying or selling shares in the outcomes of specific questions.Singapore says 'No". Singapore has joined the U.S., France, Taiwan, and other in restricting access to Polymarket.the site's homepage on X shows a notice from Singapore's Gaming Regulatory Authority (GRA) warning users that Polymarket is considered illegal and violators may be subject to a $10,000 fine, 6 months in prison, or both. Singapore Pools, a state-owned lottery subsidiary which is the only licensed online gambling provider in Singapore, the notice states. This article was written by Eamonn Sheridan at www.forexlive.com.

The cryptocurrency market continues to experience a steep downtrend, marking its third consecutive day of losses. Bitcoin (BTCUSD), the market leader, has fallen approximately 12% over this period, crossing below a critical support level not breached in the last 50 days. The current trading range of $89,500 to $90,000 is pivotal, and analysts suggest a further decline of about 2.5% could mark the bottom of this bearish phase.Bitcoin Faces Unprecedented PressureBitcoin is currently trading at $91,417.29, down 3.81% in the last 24 hours. The breach of the 50-day support level of apx 91700 in Bitcoin Futures is a noted, and now I am eyeing the $89,500-$90,000 range, following the directional bias of "bearish below $94190" analyzed in Bitcoin on ForexLive.com here as a potential zone for stabilization. This level could act as a psychological and technical floor, given the intense selling pressure observed. Contrarians may even want to bet on a Long there, but perhaps some of you want to wait for our next 'Bitcoin analysis for today' .... tomorrow :) ... if Bitcoin futures gets close to $89,500-$90,000Crypto altcoins staging a bloodbath?Other major cryptocurrencies have not been spared in this sell-off, with several coins recording significant losses:Ethereum (ETHUSD): Trading at $3,176.30, Ethereum has dropped 4.52% in the last 24 hours, continuing its multi-day decline. Over the past three days, ETH has shed over 10% of its value.Dogecoin (DOGEUSD): The meme-inspired cryptocurrency saw one of the largest declines, falling 7.87% to $0.31526. DOGE has been underperforming amid a lack of positive catalysts.Solana (SOLUSD): Another major loser, Solana is down 7.50% to $182.61. The sharp decline highlights the vulnerability of layer-1 protocols during broader market corrections.Pepe (PEPEUSD): PEPE has faced heavy selling pressure, dropping 6.19% to $0.000016725. Its recent performance reflects broader market uncertainty around meme coins.Chainlink (LINKUSD): LINK is trading at $19.27, a decrease of 5.72%. Despite recent partnerships and ecosystem growth, Chainlink has struggled to maintain upward momentum in this environment.Cardano (ADAUSD): Cardano slipped 6.34% to $0.887, failing to hold critical support levels. ADA’s recent losses have erased its prior weekly gains.XRP (XRPUSD): XRP is down 4.90% to $2.2562, adding to its three-day decline. The asset’s inability to sustain above key levels has worried traders.Notable Decliners and Relative StabilityWhile most cryptocurrencies faced severe declines, Binance Coin (BNBUSD) and Shiba Inu (SHIBUSD) showed slightly more resilience:Binance Coin (BNBUSD): Down 2.86%, trading at $676.30, BNB has held better than most major altcoins but remains under pressure.Shiba Inu (SHIBUSD): Despite its meme coin nature, SHIB has managed to limit its losses to 2.16%, trading at $0.00002083.Outlook for the Coming DaysMarket participants are closely watching Bitcoin’s price action around the $89,500-$90,000 range. If this support holds, it could provide a much-needed foundation for a potential recovery. However, a sustained break below this level may trigger further panic selling, dragging the market deeper into bearish territory.For altcoins, the outlook remains heavily tied to Bitcoin’s performance. Investors are advised to exercise caution and consider partial profit-taking strategies during this volatile period. With no immediate catalysts on the horizon, the market may remain under pressure in the short term.Disclaimer: This article is for informational purposes only and should not be taken as financial advice. Trade at your own risk. Visit ForexLive.com for additional views. This article was written by Itai Levitan at www.forexlive.com.

Bitcoin Analysis for Today: Key Levels to WatchAt the time of this analysis, Bitcoin Futures are trading at 94,685, offering a pivotal setup for traders and investors looking for directional opportunities. The price is consolidating around significant levels, and today’s movements may present actionable trades based on how Bitcoin interacts with key zones outlined below.Bullish ScenarioBullish Above: 95,715If Bitcoin futures break above 95,715, this indicates strength as the price moves above both yesterday’s Point of Control (POC) and the Volume Weighted Average Price (VWAP). These levels often serve as indicators of where the most volume traded and the market's perceived fair value, signaling bullish sentiment if breached.Profit Targets for Long Trades:96,490 – Close to the first significant resistance zone.97,165 – A short-term target as Bitcoin moves toward January 7th's VWAP.99,020 – A major resistance just under January 7th VWAP, signaling a strong bullish continuation.94,845 – Another profit zone slightly under January 7th’s Value Area High (VAH).Bearish ScenarioBearish Below: 94,190A move below 94,190 signals bearish momentum, as it places Bitcoin below the Value Area Low (VAL) from yesterday. When price breaks below the VAL, it often indicates a rejection of higher value and potential for further downside.Profit Targets for Short Trades:93,600 – Aligns with the VAL from December 31st, a critical support level.93,110 – Matches the VAL from December 30th, another key support zone.90,750 – A runner target for deeper bearish momentum.89,950 – A significant level dating back to November, marking a potential exhaustion zone for sellers.Educational Insight: Key Levels to KnowVWAP (Volume Weighted Average Price)VWAP calculates the average price at which Bitcoin traded throughout the day, weighted by volume. It’s a dynamic indicator that reflects the market’s perceived fair value. Traders use VWAP to identify trends and potential reversals. Prices above VWAP signal bullish sentiment, while prices below it suggest bearish tendencies.Value Area, POC, VAL, and VAHValue Area: The range where 70% of trading volume occurred during the previous session.POC (Point of Control): The price level with the highest traded volume, often acting as a magnet for price action.VAL (Value Area Low): The lower boundary of the value area, signaling support.VAH (Value Area High): The upper boundary of the value area, signaling resistance.These concepts are critical for understanding Bitcoin’s price behavior around key levels. For instance, breaks above the VAH or below the VAL often lead to strong momentum in the respective direction.ConclusionBitcoin Futures are at a crossroads today, with critical thresholds at 95,715 (bullish) and 94,190 (bearish). Traders should monitor these levels closely for potential breakout or rejection scenarios. Use partial or full profit-taking strategies at the key levels outlined to manage risk and maximize potential gains.Trade at your own risk. Stay informed by visiting ForexLive.com for additional market perspectives and updates. This article was written by Itai Levitan at www.forexlive.com.

Posting this ICYMI:South Korea's Financial Services Commission (FSC) is reportedly preparing to ease restrictions on institutional cryptocurrency trading. According to Yonhap news agency, the plan seeks to gradually allow institutional investors to open trading accounts on domestic cryptocurrency exchanges. Currently, South Korean regulations limit crypto trading to retail investors who have verified their identities with their legal names. While there hasn’t been a formal ban on institutional trading, the FSC has previously recommended that banks prevent institutional entities from opening exchange accounts.More here. As an aside, looks like I jinxed crypto yesterday with this:Update: This article was written by Eamonn Sheridan at www.forexlive.com.

The last two hours have been a ride for bitcoin traders.The cryptocurrency fell as low as $92,728 but the 92K figure has been a key area of support recently and it found strong buyers, rebounding to $94,500.The broader risk trade followed a similar pattern with US stocks falling and then recovering on the same timeline.The problem for bitcoin is that it can't seem to break decisively away from $92K and above $100K. Earlier this week that looked to be happening with a rise to $103K but that's been dashed. We've now tested the 92K level on six separate occasions since first breaking above $100,000.It's encouraging that those levels are holding but it's discouraging that sellers continue to drag it back down. An optimist might say that a base is forming here but this has all come amidst a pretty good environment for risk assets, particularly tech stocks.I think the market is holding its breathe for Trump, tariffs and a potential trade war. If that unfolds, I suspect bitcoin wil be dragged down with risk assets rather than acting as a safe haven in what will be a messy currency situation. This article was written by Adam Button at www.forexlive.com.

Bitcoin Futures Technical Analysis – January 8, 2025Financial Instrument: Bitcoin FuturesPrice at the Time of Analysis: $96,095Key Levels to Watch for Bitcoin Futures (BTC)Bullish Above $96,930Why Bullish Above?A move above $96,930 would place the price above several key levels that currently act as resistance, yet also serve as price magnets pulling the market toward them:$96,520: Today’s developing Value Area Low (VAL).$96,800: Approximate VWAP of today at the time of writing.$96,900: The Point of Control (POC) from three days ago.Sustained price action above these levels signals that buyers are gaining control, increasing the likelihood of further bullish momentum.Profit Targets for Long Positions:$97,300: A significant resistance level and potential target for partial profit-taking.$97,460: Today’s POC.$97,560: Today’s Value Area High (VAH), a logical level for additional profit-taking.Bearish Below $96,200Why Bearish Below?A drop below $96,200 would place the price below both the low of day and the VWAP of December 29, indicating bearish pressure and increasing the probability of further downside.Profit Targets for Short Positions:$94,570: A key support level and potential area for partial profit-taking.$93,600: The Value Area Low (VAL) of December 31 and the end-of-year support level, offering a deeper bearish target.Understanding the Tools Behind the AnalysisVWAP (Volume-Weighted Average Price)VWAP represents the average price of Bitcoin Futures based on both price and volume. It provides traders with a benchmark for determining whether the current price is overvalued or undervalued:Above VWAP: Signals buyer strength and bullish momentum.Below VWAP: Indicates seller dominance and bearish pressure.Value Area Concepts (VAH, VAL, POC)Value Area High (VAH): The upper boundary of the price range where 70% of volume traded, acting as resistance.Value Area Low (VAL): The lower boundary of the value area, often serving as support.Point of Control (POC): The price level with the highest traded volume, frequently acting as a magnet for price action.Key Takeaways for Bitcoin FuturesBullish Scenario: Sustained price action above $96,930 opens the door to profit targets at $97,300, $97,460, and $97,560.Bearish Scenario: A break below $96,200 could lead to downside targets at $94,570 and $93,600.Compass for Trading DecisionsThis analysis acts as a map for traders:If the price struggles near $96,930 and reverses downward, traders might consider a short position, targeting a move back toward $96,200.Conversely, if the price sustains above $96,930, traders can follow the bullish path with the provided profit targets.Partial profit-taking levels are provided for both scenarios to help traders lock in gains while managing risk effectively.Trade at your own risk. Visit ForexLive.com for additional perspectives. This article was written by Itai Levitan at www.forexlive.com.

ETHUSD analysis: RSI signals oversold conditions amid potential trading range formationEthereum (ETH) is at a critical juncture, with the ETHUSD pair reflecting key technical signals that traders and investors cannot ignore. On the 4-hour chart, the Relative Strength Index (RSI), a widely-used momentum oscillator, is nearing oversold territory, aligning with a sharp decline in price. This development brings Ethereum close to the lower boundary of a long-term ascending channel, leaving traders focused on whether ETH will stabilize, reverse, or form a new trading range.Key ETHUSD technical analysis observationsRSI nearing oversold conditionsThe RSI value is approaching the critical level of 15.47, last observed during a significant price exhaustion earlier in the chart. Historically, such extreme RSI lows have often indicated the end of selling pressure, paving the way for price consolidation or a potential rebound.Although the RSI has not yet hit these historical lows, traders are advised to watch for a possible revisit or breach of the oversold threshold, which could trigger meaningful price movements.But if later price crosses down that channel (WHICH IS ALSO A POTENTIAL BEAR FLAG!), then more bears will probably step into the picture, and take ETHUSD down even further. In such a case, ETHUSD is even open to $2875 with some patience.Traders should always keep an open mind and listen to other views, even different than their bias. It can help. You may want to check out other ideas at TradingView Ethereum trade ideas where other technical analyses appear.Broader crypto market impactEthereum's price drop of -1.48% reflects broader weakness in the crypto market. Key assets like Bitcoin (BTC) and Binance Coin (BNB) have also recorded losses, with Solana (SOL) standing out as the day’s largest loser, down by -3.96%. Despite this, institutional interest in Ethereum remains strong, as evidenced by significant inflows into Ethereum ETFs.Ethereum ETF inflows: a sign of institutional confidenceOn Monday, U.S. spot Ethereum ETFs reported net inflows of $128.7 million, led by BlackRock’s ETHA fund. Since their launch in July, these ETFs have accumulated a total of $2.8 billion, demonstrating institutional confidence in Ethereum’s long-term value. These inflows provide a counterpoint to the current ETHUSD price weakness, suggesting a solid foundation for future recovery.ETH price prediction: potential scenarios to watchTrading range formationEthereum may establish a temporary trading range near the channel’s lower boundary, with small breakdowns below the trendline serving as liquidity hunts. These moves could trigger stop-loss orders before price rebounds into the range, providing consolidation for ETHUSD to determine its next major move.This range-bound movement would allow traders to focus on key levels within the channel, particularly as ETHUSD approaches the psychological support level of $3,000.Possible reversalA reversal is a plausible scenario if oversold RSI conditions align with renewed buying momentum. Key confirmation signals for this would include price stabilization near the channel's lower boundary and a breakout above minor resistance levels.If a reversal materializes, short-term resistance levels such as the midline of the channel and $3,400 would become the immediate targets for ETHUSD.ETHUSD key technical levelsRSI threshold: Monitor for a revisit to 15.47, as such low levels often signal selling exhaustion.Ascending channel dynamics: The lower boundary of the long-term ascending channel remains critical; significant breakdowns below this level may be temporary, as Ethereum has historically respected this trendline.Short-term resistance: A potential reversal could aim for the channel midline and the psychological level of $3,400.ETHUSD analysis: trading considerationsConservative approach: Traders should wait for clear confirmation of price stabilization or a decisive breakout from any potential trading range before entering positions.Partial profit-taking: Use partial profit targets to manage risk effectively, considering Ethereum's historical volatility and potential for sudden liquidity-driven moves.Technical focus: Combine RSI analysis with other indicators, such as volume and candlestick patterns, to confirm price movements before acting.Conclusion: Ethereum technical analysis outlookThe ETHUSD pair is navigating a pivotal moment, with the RSI signaling potential oversold conditions and price nearing the lower boundary of its ascending channel. Whether Ethereum stabilizes, reverses, or consolidates into a range, traders should closely monitor key technical levels and broader market sentiment. While Ethereum ETFs signal strong institutional confidence, short-term price action will likely hinge on RSI behavior and the channel’s dynamics.DisclaimerThis Ethereum technical analysis is for informational purposes only and does not constitute financial advice. Always trade responsibly and conduct thorough research before entering any positions. Visit ForexLive.com for additional perspectives. This article was written by Itai Levitan at www.forexlive.com.

The Czech National Bank, is the central bank and financial market supervisor in the Czech Republic.Governor Aleš Michl is reported as having considered Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves, Via CNN Prima News interview:said he was considering acquiring “a few Bitcoin” for diversification, which wouldn’t count as a significant investment for the bank.Info via Coin Telegraph, link for a little more. BTC update:I stuck that horizontal line in, it suggests to me BTC looks a wee bit heavy. I'm sure ForexLive traders will have a better tech take than me though - in the comments please folks! This article was written by Eamonn Sheridan at www.forexlive.com.