This placed the pair below its key 200-day exponential moving average (EMA) trend line, one that it had repeatedly tried and failed to reclaim as support.
Commenting, trader and analyst Rekt Capital highlighted the significance of losing that 200-week EMA, currently at $68,310, during the weekly close.
“Indeed Bitcoin has once again upside wicked beyond the 200 EMA, with price cancelling out the vast amount of the recent rebound,” he wrote in an X post on Friday.
Rekt Capital added that a weekly candle close below “would continue to solidify the EMA as resistance.”
BTC/USD one-week chart with 200 EMA. Source: Cointelegraph/TradingView
Prior to February, BTC/USD last saw a close beneath the trend line on weekly time frames in early March 2023.
On a more optimistic note, trader Merlijn argued that price could repeat its 2023 structure, which ultimately sparked major upside after the 200-week EMA reclaim.
BITCOIN IS TESTING THE LEVEL THAT STARTED THE LAST RALLY.
In 2023 the 200 EMA acted as the launchpad for the entire move.
Price reclaimed it. Retested it. Then exploded higher.$BTC is now back at the same structure near $65K.
With macro tensions in the air thanks to the ongoing Middle East conflict, attention was already on commodities and safe havens ahead of the TradFi trading week.
Crypto trader, analyst and entrepreneur Michaël van de Poppe tied gold and oil performance directly to Bitcoin’s chances of a rebound.
“All eyes on Oil tomorrow, and Gold & Silver. If those are moving in favor of Bitcoin, we might see a return to the highs in the coming week and the worst is behind us,” he told X followers on the day.
“If that’s not the case, I’d be a big buyer in the $60K areas if we test the lows again.”
BTC/USDT 12-hour chart. Source: Michaël van de Poppe/X
WTI crude oil ended Friday up nearly 16% on the day, while gold coiled beneath the $5,200 mark after a failed rematch with all-time highs.
Flagging record low relative strength index (RSI) readings, Van de Poppe said that Bitcoin was clearly undervalued versus the precious metal.
“The valuation of $BTC vs. Gold isn’t changed,” he wrote on X.
“It’s still the lowest RSI in history of that particular metric, which is still: – Gold is overvalued in the short term. – Bitcoin is undervalued in the short term.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
Former Binance CEO Changpeng “CZ” Zhao said centralized crypto exchanges have “zero motive” to assist terrorists after a US court dismissed a lawsuit accusing the exchange of facilitating terrorist financing.
In a post on X, Zhao argued that the economics of crypto trading make such activity illogical for exchanges. “There are absolutely zero (0) motive for any CEX to have anything to do with terrorists,” Zhao wrote, adding that such actors are unlikely to generate trading revenue and may only deposit funds briefly before withdrawing them.
The comments followed a ruling by the US District Court for the Southern District of New York that dismissed claims brought by hundreds of victims and relatives of victims of terrorist attacks. The lawsuit alleged that Binance, Zhao and Binance.US operator BAM Trading Services helped terrorist groups move funds through cryptocurrency transactions.
According to the court filing, the plaintiffs represented 535 individuals linked to victims of 64 attacks carried out between 2016 and 2024. The incidents were attributed to groups including Hezbollah, Hamas, ISIS, al-Qaeda and Palestinian Islamic Jihad.
The plaintiffs argued that the attackers or affiliated organizations benefited from transactions conducted on the Binance exchange. They sought damages under the US Anti-Terrorism Act and the Justice Against Sponsors of Terrorism Act, which allows victims to pursue claims against entities accused of assisting terrorist acts.
Judge Jeannette A. Vargas dismissed the case after finding that the complaint failed to establish a sufficient connection between Binance’s operations and the attacks themselves. While the filing described alleged compliance failures and illicit activity on the platform, the court said the plaintiffs did not plausibly link the exchange’s conduct to the specific attacks that caused their injuries.
The decision effectively ended the case at the pleading stage. The judge also said that “any amended complaint shall be due within 60 days.”
The recent win for Binance comes at a time when the exchange is under growing scrutiny over transactions tied to sanctioned entities. On Friday, the exchange pushed back against allegations raised by a group of 11 US senators, rejecting claims that it facilitated transactions tied to Iranian entities.
In a letter sent Friday to Senators Richard Blumenthal and Ron Johnson, Binance said the February inquiry relied on reports that were “demonstrably false” and lacked credible evidence. The scrutiny came after media reports alleged it processed more than $1 billion in crypto transactions linked to Iranian entities Hexa Whale and Blessed Trust and fired employees who raised concerns internally.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
The Treasury’s report to the US Congress was commissioned as part of directives under the GENIUS stablecoin regulatory framework.
The United States Treasury Department acknowledged the legitimate use of mixers, which obfuscate crypto transfers to preserve user privacy, in its report to Congress on “Innovative Technologies to Counter Illicit Finance Involving Digital Assets.”
“As consumers increase their use of digital assets for payments, individuals may want to use mixers to maintain more privacy in their consumer spending habits,” the report said. The Treasury report continued:
“Lawful users of digital assets may leverage mixers to enable financial privacy when transacting through public blockchains. For instance, individuals may use mixers to protect sensitive information on personal wealth, business payments or charitable donations from appearing on a public blockchain.”
The report to Congress from the Treasury Secretary on countering illicit finance in crypto. Source: US Treasury Department
However, the report also noted the dangers of “darknet” or non-custodial, decentralized mixers. The Treasury said that non-custodial mixers are used for money laundering or shifting illicit funds by cybercriminals, including North Korea-linked hackers.
The authors suggested that custodial mixers, centralized services that take possession of user funds during the process, could provide identifying information that could be used to track users and transaction flows.
A simplified graphic illustrating how crypto mixers work. Source: Cointelegraph
Privacy in crypto became a hot-button issue in 2025, as financial surveillance increases and US lawmakers attempt to impose know-your-customer (KYC) requirements on digital asset service providers and even decentralized finance (DeFi) platforms.
The bill also lacked sufficient protections for open-source software developers in the US, according to Alexander Grieve, vice president of government affairs at crypto investment company Paradigm.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
In its IPO, the company raised about $2.521 billion gross and $2.474 billion net. It then used those proceeds to acquire 21,021 BTC at an average price of about $117,256.
The mechanism works best when STRC trades near or above its $100 target. For that, Strategy pays a variable monthly yield to investors, adjusting it to keep the stock close to its par value.
Higher yield can support the price when it falls below par, while a lower yield can cool demand when it rises too far above it. For March 2026, the annualized STRC rate is 11.50%, or about $0.958 per share monthly.
STRC price performance in the past month. Source: BitcoinQuant.CO
In short, STRC turns investor demand for yield into funding for more BTC purchases.
For example, in January, Strategy sold about 1.19 million STRC shares for $119.1 million in net proceeds, alongside $1.12 billion raised through MSTR sales.
In February, STRC proceeds worth $78.4 million were used in the purchase of 2,486 BTC net.
Saylor may have $302 million in STRC proceeds
Strategy may soon raise over $300 million through sales of its STRC preferred stock, potentially giving Michael Saylor enough firepower to buy roughly 4,300 Bitcoin, according to estimates from BitcoinQuant.
The projection is based on STRC’s trading activity this week. BitcoinQuant’s model shows about $777 million in total volume, with roughly 97%, or $755 million, traded above the stock’s $100 par value.
STRC ATM analysis. Source: BitcoinQuant
Using a 40% capture rate, the model estimates around $302 million in net proceeds, enough to purchase about 4,334 BTC, based on average Bitcoin prices of $68,000 to $73,000 during market hours.
Friday alone saw a record $188 million in STRC trading volume, implying enough potential proceeds to fund the purchase of around 1,097 BTC, based on the same model.
The figures remain speculative for now, however. Strategy’s latest filing showed only $7.1 million in STRC sales contributing to a broader 3,015 BTC purchase.
Whether this week’s trading surge translates into a much larger Bitcoin buy should become clearer in the company’s next SEC filing, releasing on March 9.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
While specific analyst predictions from major KOLs are limited in recent hours, several technical analysts have provided compelling AAVE price prediction targets for March 2026. According to recent analysis by Terrill Dicki, “Aave rebounds 6.70% to $113.11 as analysts eye $137 breakout target. Technical indicators show neutral RSI at 40.90 with key resistance at $125 ahead.”
CoinCodex has also weighed in with an optimistic Aave forecast, estimating the token could “reach $139.67 by Mar 06, 2026.” This aligns with broader analyst sentiment, as Aishwarya Shashikumar noted a potential “19.95% increase which will raise the value to $137.51 by March 3, 2026.”
According to on-chain data from major analytics platforms, AAVE’s current positioning near Bollinger Band support suggests potential for mean reversion toward the $117.25 middle band level.
AAVE Technical Analysis Breakdown
The current technical picture for AAVE presents a mixed but potentially constructive setup. With the token trading at $109.87, down 3.92% in the past 24 hours, several key indicators are worth monitoring:
RSI Analysis: AAVE’s 14-period RSI sits at 41.54, firmly in neutral territory. This suggests the recent selling pressure hasn’t reached oversold conditions, leaving room for further downside but also indicating potential stabilization.
MACD Momentum: The MACD histogram at 0.0000 with both MACD and signal lines at -4.1360 confirms bearish momentum remains intact. However, the convergence suggests momentum may be waning.
Bollinger Band Position: At 0.1436 (where 0 = lower band, 1 = upper band), AAVE is trading near the lower Bollinger Band support at $106.90. This positioning often precedes mean reversion moves toward the middle band at $117.25.
Moving Average Structure: The moving average stack remains bearish, with price below all major EMAs and SMAs. The 7-day SMA at $114.37 represents immediate resistance, while the 20-day SMA at $117.25 serves as a more significant hurdle.
Aave Price Targets: Bull vs Bear Case
Bullish Scenario
In a bullish scenario for this AAVE price prediction, several technical levels come into focus. The immediate resistance at $113.05 must be reclaimed, followed by the stronger resistance at $116.23. A successful break above these levels could trigger a move toward the 20-day SMA at $117.25.
The ultimate bullish target aligns with analyst projections around $125-$137, contingent on breaking above the upper Bollinger Band at $127.61. This Aave forecast requires broader crypto market support and potential positive developments in the DeFi lending sector.
Key bullish catalysts would include RSI recovery above 50, MACD histogram turning positive, and volume confirmation on any breakout attempts.
Bearish Scenario
The bearish case for AAVE centers on the breakdown below current support levels. Immediate support at $107.99 and strong support at $106.11 represent critical levels to hold. A break below $106.11 could accelerate selling toward the lower Bollinger Band at $106.90.
In a more severe downturn, AAVE could test psychological support around $100, though this would require broader market deterioration. The bearish scenario would be confirmed by RSI falling below 30 and sustained trading below the lower Bollinger Band.
Should You Buy AAVE? Entry Strategy
For traders considering AAVE positions, the current technical setup suggests a cautious approach. Potential entry points include:
Conservative Entry: Wait for a successful retest of $113.05 resistance turned support, targeting the $117.25 area with a stop-loss below $107.99.
Aggressive Entry: Current levels around $109.87 offer a risk-reward setup targeting $116-$125, with a tight stop-loss below $106.11.
DCA Strategy: Given the mixed technical picture, dollar-cost averaging between $105-$115 may optimize entry timing while managing volatility risk.
Risk management remains crucial, with position sizes kept reasonable given AAVE’s daily ATR of $8.82 indicating significant volatility potential.
Conclusion
This AAVE price prediction suggests a cautiously optimistic outlook for the next 2-4 weeks. While current bearish momentum and moving average resistance present near-term headwinds, the oversold positioning near Bollinger Band support creates conditions for a potential recovery.
The convergence of analyst targets around $125-$137 provides a reasonable Aave forecast framework, though traders should monitor the $106.11 support level closely. A break below this level would invalidate the bullish thesis and suggest extended consolidation.
Confidence Level: Moderate (6/10) – Mixed technical signals require careful position management and close monitoring of key support/resistance levels.
Disclaimer: This AAVE price prediction is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results.
LDO trades at $0.29 with bearish momentum but oversold RSI suggests potential bounce. Key resistance at $0.32 could trigger recovery toward analyst target of $0.50 by year-end.
While specific analyst predictions are limited in recent crypto Twitter activity, professional forecasting platforms have shared optimistic long-term views. According to CoinPriceForecast’s analysis from March 5, 2026, “Lido DAO price will hit $0.5 by the end of 2026 and then $0.7 by the middle of 2028,” setting a target of $0.50 by end of 2026.
This Lido DAO forecast represents a 72% upside from current levels, though achieving this target would require significant technical momentum shifts and broader market recovery. On-chain data from major analytics platforms suggests liquid staking demand could support such price appreciation if Ethereum network activity continues expanding.
LDO Technical Analysis Breakdown
The current LDO price prediction analysis reveals mixed technical signals at $0.29. The RSI reading of 35.51 places Lido DAO in neutral territory, though closer to oversold conditions that historically precede price reversals. This suggests potential buying opportunity for risk-tolerant investors.
The MACD histogram at 0.0000 indicates bearish momentum is weakening, though the signal line remains negative at -0.0242. This convergence pattern often precedes directional changes in crypto assets. The 24-hour trading volume of $2,057,851 on Binance shows moderate interest despite the -5.30% daily decline.
Bollinger Band analysis reveals LDO trading near the lower band with a %B position of 0.1505, indicating the token is testing support levels. The middle band at $0.31 serves as immediate resistance, while the upper band at $0.34 represents a stronger breakout target.
Moving average alignment shows bearish structure with price below all major EMAs and SMAs. The 7-day SMA at $0.30 provides immediate resistance, while the 200-day SMA at $0.76 highlights the significant distance from long-term trend support.
Lido DAO Price Targets: Bull vs Bear Case
Bullish Scenario
If LDO breaks above the immediate resistance at $0.30, the next target aligns with strong resistance at $0.32. This level coincides with recent trading range highs and could trigger momentum buying. A sustained break above $0.32 would open the path toward the upper Bollinger Band at $0.34.
Technical confirmation for this bullish Lido DAO forecast would require RSI moving above 50 and MACD histogram turning positive. Volume expansion above the current $2 million daily average would provide additional confirmation of institutional interest returning to the liquid staking token.
The 50-day moving average at $0.39 represents a medium-term target that aligns with the analyst prediction trajectory toward $0.50 year-end target. Breaking this level would signal a significant trend reversal.
Bearish Scenario
Failure to hold current support levels could see LDO testing the strong support at $0.28, which coincides with the lower Bollinger Band. A break below this level would likely trigger additional selling pressure toward psychological support at $0.25.
The bearish case for this LDO price prediction centers on the overall downtrend visible in longer-term moving averages and the significant gap to the 200-day SMA at $0.76. Broader crypto market weakness could exacerbate selling pressure in liquid staking tokens.
Risk factors include potential Ethereum staking rate changes, regulatory uncertainty around liquid staking derivatives, and general crypto market sentiment remaining bearish.
Should You Buy LDO? Entry Strategy
Based on current technical analysis, conservative investors might consider dollar-cost averaging into LDO near the $0.28-$0.29 support zone. This approach limits downside risk while positioning for potential recovery toward the $0.32 resistance level.
Aggressive traders could wait for confirmation of the bullish reversal by entering on a break above $0.30 with volume expansion. Stop-loss orders should be placed below $0.27 to limit risk to approximately 7% from current levels.
Risk management remains crucial given the volatile nature of DeFi governance tokens. Position sizing should not exceed 2-3% of total portfolio allocation, with profits taken incrementally as price approaches resistance levels.
Conclusion
This LDO price prediction suggests a potential inflection point as technical indicators show oversold conditions and weakening bearish momentum. While the immediate outlook remains cautiously optimistic with a target of $0.32, the longer-term Lido DAO forecast pointing toward $0.50 by year-end requires significant market structure improvements.
The combination of oversold RSI, lower Bollinger Band testing, and analyst targets creates an interesting risk-reward setup for patient investors. However, crypto price predictions remain highly speculative, and investors should conduct their own research and never invest more than they can afford to lose.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry significant risk and past performance does not guarantee future results.
HBAR price prediction shows neutral momentum at $0.10 with technical indicators suggesting potential recovery toward $0.12 resistance if support holds through March consolidation phase.
While specific analyst predictions are limited in the current market cycle, historical forecasts from earlier this year provide context for HBAR’s trajectory. According to Blockchain.News from January 2026, analysts were targeting $0.16 for HBAR, representing significant upside potential from current levels. TheCryptoSteer echoed similar bullish sentiment during the same period with identical price targets.
However, the reality of March 2026 trading shows HBAR consolidating well below these optimistic projections at $0.10, down from the 200-day moving average of $0.16. This divergence between early-year forecasts and current price action highlights the volatile nature of cryptocurrency markets and the importance of real-time technical analysis.
HBAR Technical Analysis Breakdown
Hedera’s technical picture presents a mixed but stabilizing outlook at current levels. The RSI reading of 46.15 places HBAR firmly in neutral territory, suggesting neither overbought nor oversold conditions. This neutral momentum reading indicates potential for movement in either direction based on market catalysts.
The MACD configuration shows bearish momentum with both the MACD line and signal line at -0.0003, though the histogram at 0.0000 suggests the bearish momentum may be weakening. This flattening momentum could signal an impending directional change if volume supports a breakout.
Bollinger Bands analysis reveals HBAR trading near the lower portion of its recent range, with the current price positioning at 0.22 on the %B indicator. The narrow band structure (upper at $0.10, middle at $0.10, lower at $0.09) indicates low volatility, which often precedes significant price movements.
The convergence of multiple short-term moving averages at the $0.10 level (SMA 7, 20, 50, and EMA 12, 26) creates a critical decision point for HBAR’s near-term direction. This technical confluence suggests that a break above or below this level could trigger accelerated movement.
Hedera Price Targets: Bull vs Bear Case
Bullish Scenario
If HBAR can establish support above the current $0.10 confluence zone, the next logical target sits at $0.12 based on the strong resistance level identified in the technical data. A move to this level would represent a 20% gain from current prices and would require RSI to push above 50 into bullish territory.
For a more aggressive bullish case, HBAR would need to reclaim the 200-day moving average at $0.16, aligning with earlier analyst targets. This scenario would require significant fundamental catalysts and sustained buying pressure, representing a 60% upside potential.
Bearish Scenario
The immediate downside risk for HBAR centers around the $0.096 support level, which aligns with the lower Bollinger Band. A break below this level could trigger further selling toward the strong support at $0.09, representing a 10% decline from current levels.
In a more severe bearish scenario, failure to hold the $0.09 support could open the door for deeper retracement, though specific lower targets aren’t clearly defined in the current technical structure. The relatively low daily ATR of $0.01 suggests that significant moves would require substantial volume confirmation.
Should You Buy HBAR? Entry Strategy
For traders considering HBAR positions, the current $0.10 level offers a logical entry point given the confluence of technical support. However, waiting for RSI to move above 50 and MACD histogram to turn positive would provide better confirmation of upward momentum.
A conservative entry strategy would involve dollar-cost averaging between $0.095-$0.10, with stop-loss placement below the $0.094 level to limit downside risk. This approach provides approximately 4% downside protection while maintaining upside exposure to potential breakout scenarios.
Position sizing should account for HBAR’s current volatility profile, with the daily ATR of $0.01 suggesting typical daily moves of 10% from current prices. Risk management becomes crucial given the neutral momentum environment.
Hedera Forecast: Key Catalysts Ahead
The HBAR price prediction for the remainder of March hinges on several technical factors. The narrow trading range and converging moving averages suggest a significant move is building, with direction likely determined by broader crypto market sentiment and any Hedera-specific developments.
Volume patterns will be crucial, with the current 24-hour volume of $5.6 million on Binance providing a baseline for measuring institutional interest. Sustained volume above this level during any breakout attempt would increase the probability of follow-through.
Conclusion
The HBAR price prediction points to a consolidation phase at critical technical levels, with potential for 15-20% moves in either direction from current $0.10 pricing. While early 2026 analyst targets of $0.16 remain intact as longer-term objectives, near-term focus should center on the $0.096-$0.12 trading range.
Traders should monitor RSI progression above 50 and MACD histogram improvements as confirmation signals for upside moves. The neutral technical setup provides opportunity for both momentum and contrarian strategies, depending on individual risk tolerance.
Disclaimer: Cryptocurrency price predictions are speculative and based on technical analysis. Digital assets remain highly volatile and investors should conduct their own research and consider their risk tolerance before making investment decisions.
Prediction market platforms Kalshi and Polymarket are reportedly exploring new fundraising rounds that could value the companies at around $20 billion each, roughly double their most recent valuations.
Both platforms have held preliminary discussions with potential investors about raising fresh capital at the elevated valuation, the Wall Street Journal reported on Friday, citing people familiar with the matter. The report noted that the negotiations remain at an early stage and may not result in deals or secure the targeted valuation.
Kalshi currently operates in the United States and offers markets allowing users to wager on outcomes tied to sports, politics, the economy and cultural events. The company was last valued at about $11 billion in December when it raised $1 billion from investors including Paradigm and Sequoia Capital.
Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi received approval from the US Commodity Futures Trading Commission in 2020 to operate as a regulated exchange for event-based markets. The platform has since expanded rapidly and recently surpassed a $1 billion revenue run rate, with some estimates placing the figure closer to $1.5 billion.
Polymarket, launched in 2020 by Shayne Coplan, remains inaccessible to US users without a virtual private network but plans to introduce a regulated domestic version of its platform later this year. The company was valued at roughly $9 billion in October after Intercontinental Exchange, the owner of the New York Stock Exchange, agreed to invest up to $2 billion.
Both platforms have drawn attention from lawmakers and regulators. As Cointelegraph reported, US Democratic lawmakers are drafting legislation to regulate prediction markets after suspiciously timed bets on the timing of US and Israeli strikes on Iran raised insider-trading concerns.
Senator Chris Murphy alleged that individuals close to the White House may have used advance knowledge of the attack to place bets, noting that several Polymarket accounts reportedly made about $1 million by wagering just hours before explosions were reported in Tehran.
Polymarket has faced multiple insider trading allegations after several traders placed unusually well-timed bets on major events. A small group of crypto wallets recently made more than $1.2 million betting on a market tied to an onchain investigation into DeFi platform Axiom shortly before blockchain investigator ZachXBT published claims about insider trading linked to the project.
In a separate incident last month, another Polymarket account reportedly earned about $400,000 after placing a large wager on the capture of Venezuelan President Nicolás Maduro shortly before the news became public, further raising questions about whether some traders had advance information.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
Retail investors have been scooping up Bitcoin after it slipped below $70,000, but whale activity suggests the price could still head lower if past patterns repeat, according to crypto sentiment platform Santiment.
“The moment Bitcoin hit $74k, these key stakeholders began taking profit,” Santiment said in a report on Friday.
Santiment explained that whales — those holding between 10 and 10,000 Bitcoin (BTC) — “accumulated heavily” between Feb. 23 and Mar. 3, when Bitcoin was trading between $62,900 and $69,600.
Whales (green line) have been selling, while retail investors (red line) have been buying more Bitcoin. Source: Santiment
Since Wednesday, when Bitcoin climbed past $70,000 and touched $74,000, the cohort has offloaded around 66% of their recent purchases, Santiment said. Meanwhile, retail investors — those holding below 0.01 Bitcoin — have been increasing their positions.
Correction may not be over yet, says Santiment
“When retail buys while whales sell, it typically signals that the correction is not yet over,” Santiment said. Bitcoin is trading at $67,984 at the time of publication, according to CoinMarketCap.
Bitcoin’s price decline led the Crypto Fear & Greed Index to fall 6 points, pushing it further into “Extreme Fear” territory with a score of 12 on Saturday.
MN Trading Capital founder Michael van de Poppe shared a similar outlook, saying a further decline is possible. “If Bitcoin doesn’t find support in this $67-68K region, then we’re likely going to retest the lows for liquidity before bouncing back upwards,” van de Poppe said in an X post on Friday.
Spot Bitcoin ETFs post largest outflow day in three weeks
The decline coincided with US-based spot Bitcoin ETFs posting their largest outflow day since Feb. 12, with a total of $348.9 million in net outflows across the 11 ETF products, according to Farside data.
Bitcoin’s price fell as low as $60,000 on Feb. 6 during its downtrend from the October all-time high of $126,000 before showing a modest recovery. Economist Timothy Peterson suggests this level could be the floor for the time being.
“This valuation level has always marked a bottom for Bitcoin. About 99.5% chance it stays above $60k,” Peterson said in an X post, referring to the Bitcoin Price to Metcalfe Value chart.
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
Analysts believe that Bitcoin will have to stay above the $68,000 level to continue its recovery.
Several major altcoins have turned down from their overhead resistance levels, indicating that bears remain in control.
Bitcoin’s (BTC) relief rally was rejected at the $74,000 level, and the bears have pulled the price below $68,500. Select analysts believe that BTC will have to hold the $68,000 to $70,000 zone to continue its short-lived bull trend.
The big question on traders’ minds is whether BTC has bottomed out or if it could fall further. Coinbureau CEO Nic said in a post on X that BTC’s price relative to gold has historically “taken about 14 months to go from peak to bottom.” The bottom of the ratio has been followed by a sharp rally of more than 300% in BTC on every occasion. The current 13-month decline from the previous ratio peak suggests that BTC may be close to bottoming out.
Crypto market data daily view. Source: TradingView
Not everyone believes that BTC’s bear market may be ending. On-chain analytics company CryptoQuant said in a post on X that BTC is in a bear market as per their Bull Score Index, which remains deep in bearish territory. The platform said data shows the current rally is “likely just a relief rally, not the start of a new bull phase.”
Could BTC and select major altcoins hold on to their support levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price prediction
BTC turned down from the breakdown level of $74,508 on Thursday, indicating that the bears are defending the level with all their might.
The 20-day exponential moving average ($69,003) is the critical support to watch out for on the downside. If the Bitcoin price turns up from the 20-day EMA, the bulls will again attempt to clear the obstacle at $74,508. If they can pull it off, the BTC/USDT pair may soar to $84,000. Such a move suggests that the pair may have bottomed out at $60,000.
On the contrary, a close below the 20-day EMA may pull the price to the support line. This is a vital level to keep an eye on as a break below the support line tilts the advantage in favor of the bears. The pair may then collapse to $60,000.
Ether price prediction
Ether (ETH) cleared the $2,111 resistance on Wednesday, but the bears pulled the price back below the level on Thursday.
The Ether price continued lower and broke below the 20-day EMA ($2,032), suggesting that the market rejected the break above the $2,111 level. The ETH/USDT pair is likely to oscillate between $1,750 and $2,200 for some time.
Conversely, if the price turns up from the current level and breaks above the 50-day SMA ($2,328), it suggests that the selling pressure has weakened. The pair may then start an up move to $2,600.
BNB price prediction
BNB (BNB) turned down from the $670 level on Thursday, indicating that the bears are vigorously defending the level.
The bears have pulled the price below the 20-day EMA ($637), indicating that the bulls have given up. That suggests the BNB/USDT pair may remain inside the $570 to $670 range for a while longer.
The bulls will be back in the driver’s seat on a close above the $670 level. That opens the doors for a rally to the 50-day SMA ($718) and later to $790. Sellers will have to yank the BNB price below the $570 level to start the next leg of the down move to $500.
XRP price prediction
XRP (XRP) closed above the 20-day EMA ($1.41) on Wednesday, but the bulls could not sustain the higher levels.
The bears are attempting to pull the XRP/USDT pair below the $1.27 support. If they manage to do that, the XRP price may slump to the support line of the descending channel pattern.
On the contrary, if the pair turns up and breaks above the 20-day EMA, it suggests that the bulls are attempting a comeback. The pair may then rally to $1.61, which could again act as stiff resistance.
Solana price prediction
Solana (SOL) turned down from the $95 level on Thursday and has slipped below the 20-day EMA ($86).
The flattish 20-day EMA and the RSI just below the midpoint indicate a balance between supply and demand. The Solana price may oscillate between $76 and $95 for a few more days.
Buyers will have to secure a close above the $95 level to suggest that the bears are losing their grip. The SOL/USDT pair may then surge to the $117 level. Sellers will be back in the game on a close below $76.
Dogecoin price prediction
Dogecoin (DOGE) rose above the 20-day EMA ($0.10) on Wednesday, but the bulls could not pierce the 50-day SMA ($0.11).
The Dogecoin price turned down and reached the critical $0.09 support. If the bears pull the price below the $0.09 level, the DOGE/USDT pair may retest the Feb. 6 low of $0.08. Buyers are expected to fiercely defend the $0.08 level, as a close below it may sink the pair to $0.06.
The bulls will have to thrust the price above the 50-day SMA to signal strength. The pair may then rally to the breakdown level of $0.12, where the bears are expected to step in.
Cardano price prediction
Buyers attempted to push Cardano (ADA) above the 20-day EMA ($0.27) on Thursday, but the bears held their ground.
However, a minor advantage in favor of the bulls is that they have not allowed the Cardano price to dip below the $0.25 level. If the price turns up from the current level or the $0.25 support, the bulls will again attempt to push the ADA/USDT pair to the downtrend line of the descending channel pattern.
On the other hand, a close below the $0.25 level opens the doors for a retest of the support line. A close below the support line may sink the pair to the $0.15 level.
The bears will attempt to strengthen their position by pulling the Bitcoin Cash price below the $443 support. If they manage to do that, the BCH/USDT pair will complete a bearish head-and-shoulders pattern. The pair may then plummet to $375.
Buyers will have to propel the price above the 20-day EMA ($488) to signal strength. The pair may then reach the 50-day SMA ($533), which is likely to attract sellers. A close above the 50-day SMA indicates the start of a sustained recovery toward $600.
Hyperliquid price prediction
Hyperliquid (HYPE) has pulled back to the moving averages, which are a crucial support to watch out for.
If the Hyperliquid price rebounds off the moving averages with force, the bulls will again attempt to drive the HYPE/USDT pair to the $36.77 overhead resistance. A close above the $36.77 level signals the start of a new up move.
Contrary to this assumption, if the price continues lower and breaks below the moving averages, it suggests that the pair may remain inside the $20.82 to $36.77 range for a few more days.
Monero price prediction
Buyers are attempting to push Monero (XMR) above the $360 level, but are facing stiff resistance from the bears.
The 20-day EMA ($347) is the crucial support to watch out for on the downside. If the Monero price bounces off the 20-day EMA, the possibility of a break above the 50-day SMA ($396) increases. The XMR/USDT pair may then rally to the 61.8% Fibonacci retracement level of $414.
Instead, if the price turns down and breaks below the 20-day EMA, it signals that the bears are active at higher levels. That may keep the pair range-bound between $384 and $302 for some time.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
