Last update: Mar 28, 2025 11:16
Timezone: UTC
Get real-time FOMO alerts on our Telegram Channel
Sort by: Time FOMO Score Direction
Filter: All Bullish FOMO Bearish FOMO
cointelegraph.com Mar 20, 2025 15:15

Trump says US will be Bitcoin superpower as BTC price breaks 4-month downtrend - Bitcoin (BTC) sought to reinforce higher support at the March 20 Wall Street open as bulls broke out of a key downtrend.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewTrump pledges to make US “Bitcoin superpower”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning above $86,000.Now circling the daily open, Bitcoin continued to build on strength which came the day prior thanks to encouraging macroeconomic signals from the US Federal Reserve.Rumors of a further announcement on crypto by the US government administration helped BTC price action to reach two-week highs.President Donald Trump was due to deliver virtual remarks on the third day of the Blockworks Digital Asset Summit 2025 event in New York.Trump doubled down on his pledge not to sell confiscated US Bitcoin, as well as end regulatory mechanisms such as Operation Chokepoint 2.0. No new information on BTC purchases, however, was delivered. He said:“Together we will make America the undisputed Bitcoin superpower and the crypto capital of the world.”In so doing, BTC/USD reclaimed two key moving average trend lines, including the 200-day simple moving average (SMA), a key support component during bull markets.Analyzing the current landscape, popular trader and analyst Rekt Capital focused on a similar reclaim of the 200-day exponential moving average (EMA).“Bitcoin has most recently Daily Closed above the 200 EMA and in fact is now in the process of retesting it into new support,” he wrote in part of his latest content on X, calling the trend line a “long-term gauge of investor sentiment towards BTC.”BTC/USD 1-day chart with 200 SMA, EMA. Source: Cointelegraph/TradingViewA further X post revealed a more impressive feat from bulls, with the daily chart showing a breakout from a downtrend on Bitcoin’s relative strength index (RSI) — something in place since November 2024.“Bitcoin has broken the Daily RSI Downtrend dating back to November 2024,” Rekt Capital confirmed.BTC/USD 1-day chart. Source: Rekt Capital/XAnalysis: Markets may “wake up” to hawkish FedContinuing on the macro picture, trading firm QCP Capital was cool on the outlook. Related: Peak FUD hints at $70K floor — 5 Things to know in Bitcoin this weekIt warned that the initial risk-asset bounce on the back of the Fed decision could easily reverse.“Beyond the immediate excitement, the Feds tone was notably cautious. Policymakers downgraded economy growth projections to 1.7% (a 0.4% reduction), while raising their inflation forecast to 2.8%, signaling a growing risk of stagflation,” it wrote in its latest bulletin to Telegram channel subscribers. “Additionally, the Feds dot plot revealed a more hawkish shift from the one in December, with the number of officials forecasting no rate cuts in 2025 increasing to four.”Fed target rate probabilities for June FOMC meeting. Source: CME GroupThe latest data from CME Group’s FedWatch Tool showed markets retaining bets of interest rate cuts occurring no sooner than June.“Will the rally sustain, or will investors wake up to the reality that risks remain firmly in play?” QCP queried.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.

FOMO: 88%
@BTC_Archive Mar 20, 2025 16:33

MICHAEL SAYLOR: Bitcoin is perfect money.

FOMO: 90%
cointelegraph.com Mar 20, 2025 16:44

Bitcoin Coinbase premium returns — Is $90K BTC price in the cards? - The Bitcoin (BTC) Coinbase premium index reached its highest level since Feb. 20 after BTC prices rallied 5% on March 19. Bitcoin’s Coinbase premium index. Source: CryptoQuantReturn of Coinbase premium highlights Bitcoin accumulationThe Coinbase premium index measures the price difference between Coinbase and Binance prices for BTC pairs, where a higher value signals US investors dictating stronger buying pressure. The index gauges US retail interest, but Woonminkyu, a verified analyst on CryptoQuant, said that it may also signal strong accumulation from US institutions and whales. Coinbase premium analysis by Woominkyu. Source: CryptoQuantThe analyst explained that the 30-day EMA of the index crossed the 100-day EMA level, which implies the presence of large players. The analyst added, “Past trends show that when this indicator rises, BTC bull markets tend to continue. High likelihood of an accumulation phase, making it a key moment to monitor BTC’s momentum.”Coinbase Pro was integrated into Coinbase Advanced (a platform used by companies like Strategy and Tesla for BTC purchases) in early 2024. Therefore, it is plausible that the Coinbase premium also represents US institutional interest to a certain extent.Related: $77K likely the Bitcoin bottom as QT is ‘effectively dead’ — AnalystsCan Bitcoin reclaim $90K in March?One of the major positives observed on BTC’s 1-day chart is the bullish reclaim on the 200-day exponential moving average (orange line). When prices remain above the 200-day EMA level, the probability of an uptrend increases for BTC to form higher highs in the chart. Bitcoin 1-day chart. Source: Cointelegraph/TradingViewAfter a successful breakout above $85,000 resistance, turning the level into support further improves the possibility of a $90,000 retest. On the daily chart, Bitcoin price also bounced from the lower range of the Bollinger Bands (BB), with the metric’s moving average remaining above the $90,000 level. The bullish narrative is invalidated if a daily candle closes below $85,000 before the end of the week. Michael Van de Poppe, the founder of MN Consultancy, shared a bullish stance and said that he expects a continued run to retest $90,000 over the next few days. However, Max, the founder of BecauseBitcoin, said BTC might have a “little more work to do.” The analyst said the EMA cloud indicators continue suppressing BTC below the $88,000 and $90,000 range. Max added, “Bitcoin is uptrending on every time frame except the Daily & Weekly (RSI Similarly, crypto trader Koroush AK suggested traders remain cautious until a shift in market structure occurs. The trader noted that Bitcoin (BTC) prices are currently at a critical level below $90,000; the chance of a correction below $73,000 remains a threat. Related: Why is Bitcoin price up today?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.

FOMO: 88%