?? BTC stays strong despite new tariff threats
Hello traders!
A new week, a new challenge — let’s make a good one!??
Shorting TZAR brought in the most?
Last week, the settings of top trading bots were split between short and long strategies. The leader among the bots was the USDTZAR pair, set up for a short strategy, which brought 40% profitability.
?? Check out other profitable bots and copy their strategies here!
BTC Goes Up, Technical Indicators Show Sell?
Price Dynamics (7d)?
BTC $97,318 ?? 3.70%
ETH $2,647 ?? 3.99%
BTC Technical Indicators Show Sell?(1d)
Oscillators: Neutral (1 Sell, 8 Neutral, 2 Buy)?
Moving Averages: Sell?(8 Sell, 1 Neutral, 5 Buy) ?
Fibonacci's Pivot for BTC?
Take a look at Fibonacci's Support (S) and Resistance (R) levels for BTC to guide your Stop Loss and Take Profit placements.
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Crypto Week: Predictions & Highlights
Monday sets the tone for the week with Trump’s announcement of a 25% tariff on steel and aluminum, a move that threatens to destabilize markets. Beyond that, a spike in inflation expectations for the year ahead could keep the Fed from cutting rates.
Despite Trump’s tariff rhetoric, Bitcoin holds steady, trading at $97,318, up by 3.70% over the week. Ethereum follows the trend, trading at $2,647, gaining 3.99% over the last 7 days.
Key events this week:
Feb 11 – U.S. Fed Chair Jerome Powell testimony. Feb 12 – U.S. CPI data release.
Now, let’s see what the leaders of the industry are saying about the crypto market.?
What's up in crypto this week? Experts share their thoughts:
?? Axel Adler Jr., an on-chain analyst at CryptoQuant, believes the current drop in the funding rate to zero could signal another major bull run.?
?? Ali Martinez, a technical and on-chain analyst, notes a shift in the Hash Ribbon indicator, which tracks hash rate moving averages to identify miner capitulation and potential buying opportunities. This trend has historically preceded major price movements.
???André Dragosch, Head of Research at Bitwise, points out that now there is the highest selling pressure on Bitcoin spot exchanges since the 3AC collapse in June 2022, suggesting potential seller exhaustion.
?? Micha?l van de Poppe expects a strong green week for BTC, testing the $105K level and reaching a new ATH in February.
?? QCP Capital warns that as the market views Trump’s statements as a bluff, he may double down on tariff decisions, increasing crypto volatility.
As per other news of the market:
?? Today, Strategy, formerly MicroStrategy, has acquired 7,633 BTC for $742.4 million at an average price of $97,255 per BTC, increasing its total holdings to 478,740 BTC.
?? CoinShares?filed for a spot XRP ETF with Nasdaq, on February 7, 2025.?
?? Last week, crypto investment products recorded net inflows of $1.3 billion.
?? Today, the official X account of the President of the Central African Republic announced the launch of a memecoin named CAR.? ?? Japan's financial regulator weighs stricter disclosure rules for crypto assets, as reported by Nikkei today.
?? The University of Austin will launch a Bitcoin investment fund, worth over $5 million, according to a February 9 report.
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