?? DeepSeek's shaking things up. What's BTC's next move?
Hello traders!
Hope recent liquidations didn't hit your portfolio too hard!?
Shorts dominated last week
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BTC Goes Down, Technical Indicators Show Buy?
Price Dynamics (7d)?
BTC $101,140 ?? 3.70%
ETH $3,131 ?? 6.22%
BTC Technical Indicators Show Buy?(1d)
Oscillators: Neutral (1 Sell, 9 Neutral, 1 Buy)?
Moving Averages:?Buy?(4 Sell, 1 Neutral, 9 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.
Here’s a quick checklist to pick the best crypto exchange?
We’ve put together an article to help you make the right choice when selecting a crypto exchange in 2025. Plus, there’s a bonus: a full table with 19 top exchanges!
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Crypto Week: Predictions & Highlights
Bitcoin started the week on a downturn, falling from Sunday’s peak of $105,000 to the $99,000-$98,000 range. However, it then recovered and climbed back above $101,000 later in the day. Ethereum also dropped to the $3,000 mark but is now trading slightly above $3,100.
This decline was sparked by concerns about a potential threat to the U.S. tech sector after the news that China-based DeepSeek’s latest AI model is much cheaper to produce and is built with open-source technology.?
Key events this week:
Jan 29: U.S. Fed Interest Rate Decision. Jan 31: U.S. Core PCE Price Index.
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:
?? André Dragosch reminds that major crypto assets like BTC and ETH remain highly correlated to U.S. equities. Further downside in equities could spill over into crypto markets in the short term, potentially creating buying opportunities.?
?? Arthur Hayes, co-founder of BitMEX, shares a bearish outlook for Bitcoin, predicting its price could drop to between $70,000 and $75,000, citing what he calls a “mini financial crisis” as the cause. However, he also expects BTC at $250,000 by the end of the year.?
?? James Van Straten, Senior Analyst at CoinDesk, believes BTC could reach a new all-time high this week, pointing to a similar situation two weeks ago when Bitcoin dipped below $90,000.?
?? Geoffrey Kendrick from Standard Chartered has recommended buying the dip in BTC as the cryptocurrency faces pressure due to its increasing correlation with the Nasdaq.
"The risk now is that if Nasdaq liquidation continues during the U.S. session, then we start approaching other key levels for BTC," Kendrick said. "Specifically, the average purchase level...is now at $96,400."
As per other news of the market:
?? Ripple has secured Money Transmitter Licenses (MTLs) in New York and Texas to expand its U.S. presence under the pro-crypto Trump administration. MTLs allow Ripple Payments customers to use its licensed cross-border solution in the U.S., with transactions managed end-to-end by Ripple.
?? MicroStrategy launched a convertible preferred stock offering for institutional investors and select retail investors.
?? Abstract Chain, a new Ethereum Layer 2 solution, is now live on the mainnet.?
?? Crypto exchanges OKX and Crypto.com have received full licenses under the European Union’s Markets in Crypto-Assets Regulation (MiCA).
?? According to Brazilian media Blocknews, Petrobras (Brazilian national oil company) will launch a research and development project to enter the field of Bitcoin mining.
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