The DecenTrader Alpha
GM. Bitcoin moves back up above $70,000. Ethereum outperforms other top assets. Arthur Hayes states the Bitcoin halving will fuel a ‘raging firesale of crypto assets’.
Past 24hr performance
What Just Happened
- Investors move 111,000BTC off exchanges ahead of halving.
- Ether options point to bullish sentiment for end of April.
- Ripple CEO believes crypto market cap will double to $5T by year-end.
- Arthur Hayes states BTC halving to fuel ‘raging firesale of crypto assets’
What’s Happening Now
Bitcoin is up +1.36% in the past 24hrs at a current price of $70,630. So far this year Bitcoin is now up +68.26%.
Ethereum is up +6.38% in the past 24hrs, outperforming both BTC and SOL which is down -0.16%.
Bitcoin Predator Thermal Vision is bearish on low timeframes and the 3-day higher timeframe.
Ethereum Predator Thermal Vision is slightly more bullish, with the 2H, 4H, 12H, 1D timeframes currently green.
Key Sniper Support Levels
Bitcoin price is currently pulling back today.
Key Sniper support levels on daily timeframe:
- $67,650
- $65,250
- $59,750
- $51,600
Below those levels is the 200-day moving average which is climbing and currently at $45,400.
What’s Next
Long-Term Trend Outlook:
Despite the recent price rise, 3-Day Predator remains red on the latest candle.
Macro Calendar Key Events For This Week:
- Wednesday 10 April: USA: Core CPI March.
- Wednesday 10 April: USA: FOMC Meeting Minutes.
- Thursday 11 April: EU: ECB Interest Rate Decision.
- Friday 12 April: UK: GDP Feb.
