The potential growth of the first cryptocurrency limits market manipulations of one or more large players. This conclusion was reached by the authors of the Internet resource Material Indicators.
IF YOUR WONDERING WHY BITCOIN Price HASNIT Been Able to Rally Past $ 87.5k yet, The Reason Ison Suppress From Spoofy The Whale. pic.twitter.com/hxvgawintn
– Material Indicators (@mi_algos) March 20, 2025
This practice of manipulating quotes is to put up large limit orders for the purchase or sale, which the attacker does not intend to fulfill. Applications are canceled after reaching the goal of the price movement.
In the discussion, Material Indicators experts agreed with the opinion that a many -month support level of $ 76,000 was not strong enough for a strong rebound. In addition, the pulse from the results of the last meeting of the Fed is not able to cause strong growth.
The trader under the nickname Daan Crypto Trades believes that bitcoin is consolidated, and the bulls need to hold quotes in the region of $ 84,000-85,000 to preserve the pulse.
$ BTC Took out the local liquadity abo and has now been consolidating.
The Bulls Woold Want to Hold On to the $ 84k- $ 85k Region to Keep the Momentum.
Otherwise You’re at Risk of Visiting Those Lower Liquidity Clusters Which Things End Up in a Full Retrace as Price Is Still … https://t.co/qkhjqvlc2u pic.twitter.com/7vgxrujngh
– DAAN CRYPTO TRADES (@Daancrypto) March 20, 2025
Cryptoquant experts noticed that the Bitcoin Bull Score index reached a two -year minimum at the mark of 20. Historically strong rally, only when the metric exceeded 60.
Bitcoin Bull Score is at a Two-Year Low of 20.
Bitcoin’s Down 23% from Its Peak, and History Shows Strong Rallies Only Happen When The Score is ABOVE 60.
Extended Low Scores Offten Come with Bear Markets. pic.twitter.com/3ok5g9gibn
– Cryptoquant.com (@cryptoquant_com) March 20, 2025
The founder and CEO of Ki Yen Ju already stated that the bull phase for bitcoin ended. In the next six months or a year, quotes will decline or is in the sidewall, he suggested.
According to YouTube blogger under the nickname Crypto Rover, the first cryptocurrency finished consolidation before the subsequent growth. But now the market is in the period of manipulations that should not be caught, he noted.
Bitcoin is manipulating you.
Donmet Get Trapped Now. pic.twitter.com/hukhtxpfv9
– Crypto Rover (@rovercrc) March 21, 2025
Earlier, Matrixport admitted that the correction in Bitcoin will last until March or April, after which the rally attempt to previous maximums will follow.
A number of analysts from companies with Wall Street also predicted the increase in prices after March.
Ethereum found a potential pump signal
Over the past two days, 360,000 ETH have been withdrawn from exchanges, Texanalist Ali Martinez drew attention.
According to Santiment, Ethereum offered on trading platforms decreased to 8.97 million ETH. This is the lowest value of the indicator since November 2015.
👋 THANKS to the MANY Defi and Staking Options, Ethereum’s Hold now Brunght the Avalable Supply on Exchange Down to 8.97M, The Lowest AmouNT in NEARLY 10 YEARS (NOVEMBER, 2015). There is 16.4% Less $ Eth On Exchange Compared to Just 7 Weeks Ago. 😮 pic.twitter.com/r5957wphli
– Santiment (@santimentFeed) March 20, 2025
A trader with the pseudonym Crypto General said that whales “cheap” accumulate an asset on cold wallets before the subsequent growth of $ 6,000.
An even higher bar of $ 8000-10,000 for growth was installed by an investor under the nickname Naber. In his opinion, as soon as the current “the largest accumulation of ETH” ends, the cryptocurrency will reach the indicated levels “instantly”.
However, Daan Crypto Trades suggested a more pessimistic forecast for Ethereum. I noticed that the ratio in the ETH/BTC pair has been at levels not observed since the end of 2020.
The U -turn, in any case, will only be local, the expert believes.
Recall that Standard Chartered analysts revised the price forecast for the second capitalization of cryptocurrency for 2025, reducing it from $ 10,000 to $ 4000.
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Source: Cryptocurrency
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