- A powerful week lies ahead for Bitcoin and crypto.
- Market experts notice several market-related announcements this week.
- These moves should already be priced in, meaning bullish weeks ahead.
The crypto market seems excited for the many market-related events this week, which could contribute to Bitcoin, Ethereum, and altcoin price action. In detail, experts mark how a powerful week lies ahead for Bitcoin and crypto as several factors could contribute towards bullish market changes. One analyst confirms that the Bitcoin energy oscillator is back at extreme levels, boosting pump expectations.
Powerful Week Lies Ahead for Bitcoin and Crypto
Expectations for a volatile week ahead have brought many crypto experts, analysts, and traders together to discuss the possibilities and highlight key indicators that should be watched out for this week. At the moment, the price of BTC is trading at the $89,000 price level, marking a recovery from its fall to the $88,000 price range over the last 24 hours. The price is still below the $90,000 price range, where it was yesterday.
Presently, the price of BTC is boasting a total market cap of $1,789,145,900,515.46 and a 24-hour trading volume of $40,715,700,630.73. The pioneer crypto asset will need to see a pump of over 28% to reach its previous ATH price set 2 months ago at the $126,198.07 price target. Despite the many bearish expectations currently plaguing the community, many analysts remain firmly bullish.
Recently, the Fed announced a bullish move that has reignited expectations for a continued bull market. This move is expected to bring a large flood of liquidity into the crypto market. While it is unlikely that QE will commence, this move by the Fed to prepare to buy T-bills marks a start to Quantitative Easing and the end of dried-up liquidity. Overall, the move could lead to a new BTC ATH as well as the start of altseason.
As we can see from the post above, the crypto community is preparing for what could be a powerful move for the crypto market. As the post highlights, the week is filled with market-related events that could lead to a surge in crypto prices. For instance, the first day should mark the Fed’s promise to start buying T-bills at $6.8 billion. Following this, the next day, the unemployment rate will be released.
Market Expert Notices Bullish Signs Ahead
The rest of the week will see more data announced or released in order: FOMC member speeches, jobless claims report, and the Japan rate hike. The post continues to say that while some of these announcement sould bearish, all the repercussions are already priced in, and advices traders not to react on emotion and stick to logic-based decisions.
Another bullish take comes from the post above, where the trader says that Bitcoin energy oscillators are back to extreme levels. Here, the expert says that this zone only appears when volatility is dead, confidence is gone, and participation dries up. Historically, that’s not an exit, that’s where positioning quietly begins. A place where nothing feels obvious and nothing feels exciting, an area that’s usually how the real accumulation phase looks before price reminds everyone.
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