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Bitcoin rallies to $20,000. Here is the next potential target

Bitcoin (BTC/USD) trades at $20,660 as of press time, the highest level in 6 weeks. The cryptocurrency had added an intraday of 7%. The gains were accompanied by a 157% jump in trading volumes. Wednesday’s gains in Bitcoin come when investors have been calling for reversals at $19,000. That was after BTC looked to have…


Bitcoin (BTC/USD) trades at $20,660 as of press time, the highest level in 6 weeks. The cryptocurrency had added an intraday of 7%. The gains were accompanied by a 157% jump in trading volumes.

Wednesday’s gains in Bitcoin come when investors have been calling for reversals at $19,000. That was after BTC looked to have bottomed at the level. There have been bull calls, going by insights data and analysts’ thoughts.

One factor used as a bullish indicator for Bitcoin is the US dollar index or DXY. In a session with his 278,000 YouTube followers, crypto analyst Jason Pizzino says DXY shows signs of exhaustion. The fatigue comes after a rally of more than 16% this year.

Pizzino says that DXY closed below the 50%-mark last week, an indication of bullish exhaustion. The analyst has earmarked 109 (points) as the probable lower top for DXY. The level will be the first lower top for DXY for a year. How will this point to a bullish market for Bitcoin?

Investors look at DXY as a gauge of the overall market. When the index weakens, it suggests that investors are developing a risk-on sentiment. As a result, they are moving their capital from the defensive dollar to risky assets like crypto.

Bitcoin pushes above moving averages as price overcomes tight trading

Source – TradingView

On the daily chart, Bitcoin has been trading within a tight range prior to Wednesday’s breakout. The breakout has seen the cryptocurrency break above the 20-day and 50-day MA, which trapped it.

An RSI reading of 65 shows that there are more buyers for the cryptocurrency. However, we are approaching the overbought level, which could usher in a correction.

Will Bitcoin continue to go higher

The current momentum looks sustainable for Bitcoin to the next resistance at $21,500 and further at $22,500. However, it must overcome the immediate and higher-up resistance zones for a sustained surge. An improved crypto sentiment could do much to help. Nonetheless, BTC price looks attractive for dip buyers at the current valuation.

Where to buy BTC

eToro

eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.


Buy BTC with eToro today

Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.

Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.


Buy BTC with Bitstamp today


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Bitcoin

Rebel Satoshi ($RBLZ) Continues to Fly High as Market Whirlwind Hits Ethereum and ORDI

TLDR Some analysts predict the Rebel Satoshi ($RBLZ) token could be primed for massive gains after 150% returns during the presale. The Ethereum (ETH) token is predicted to drop below $3,500 amid the market correction. Experts predict that the ORDI token will drop below $63 in the coming months. The best altcoins, like Ethereum (ETH)…


TLDR

  • Some analysts predict the Rebel Satoshi ($RBLZ) token could be primed for massive gains after 150% returns during the presale.
  • The Ethereum (ETH) token is predicted to drop below $3,500 amid the market correction.
  • Experts predict that the ORDI token will drop below $63 in the coming months.

The best altcoins, like Ethereum (ETH) and ORDI, have been caught up in the market whirlwind. Meanwhile, Rebel Satoshi ($RBLZ) has found firmer footing, with some analysts predicting it could be the best crypto to buy at the moment after its successful launch on Uniswap and Coinstore.

Let’s understand what makes $RBLZ the investor’s favorite ahead of the top altcoins like Ethereum (ETH) and ORDI.

Rebel Satoshi investors primed amid volatile market

The Rebel Satoshi meme coin project is inspired by the ideals of stalwarts such as Guy Fawkes and Satoshi Nakamoto. Rebel Satoshi is designed to challenge centralized institutions and disrupt the status quo. The Rebel Satoshi movement is led by its Recusant community members, who are taking back control from the elites.

Rebel Satoshi is built around the dual-token ecosystem of $RBLZ and $RECQ tokens. The $RBLZ and $RECQ tokens are built on the Ethereum network. The total supply of $RBLZ is 250 million, and Rebel Satoshi fixed the $RECQ token at 3 billion. Rebel Satoshi’s audacious aim is to take the $RBLZ token to a $100 million market cap.

The presale of the $RBLZ token concluded on February 29, with Rebel Satoshi raising over $2.5 million. The $RBLZ token rallied by 150% to $0.025 per token during the presale. Rebel Satoshi launched the $RBLZ token on Uniswap and Coinstore on March 5.

The $RBLZ token rose by 150% to $0.04 on March 6 before correcting. In addition, the $RECQ presale is currently underway, with some analysts calculating that early investors could realize 525% returns by the end of its 10-stage presale.

Ethereum drops below $3,700 as the market enters correction

With the market rallying after Bitcoin (BTC) rose to a new all-time high, Ethereum also followed suit. The Ethereum (ETH) price rose to $4,090 as a result. However, this rally has now been corrected as the market has been stuck by volatility. Hence, the Ethereum (ETH) price has dropped below $3,700.

As a consequence, the Ethereum (ETH) token dropped further, dropping by 11.4%. Amid the drop in ETH price, the Ethereum Foundation deployed the Dencun Upgrade on March 13. Moreover, the deadline for the approval of the Ethereum (ETH) Spot ETF is only two months away.

Hence, the experts have a bearish outlook for the price of Ethereum (ETH). They predict that the Ethereum (ETH) token will drop below $3,500 in the coming months.

ORDI dips from all-time high amid turbulent market

After the approval of the BTC Spot ETF, the market went into a downtrend. As a result, ORDI dropped to a low of $50.23. Since then, the ORDI token has managed to reverse its downtrend as the market began to rally.

ORDI has been one of the top gainers in the current market rally. As a result, the ORDI token rose to an all-time high of $95.28. However, since then, as the market has entered turbulent territories, the ORDI price has also dropped. Namely, the ORDI token was down 27.4% to $69.13.

With Bitcoin (BTC) price also dropping after rallying to a new all-time high, the prospects for ORDI are not positive. Experts predict the ORDI token will drop below $63 in the coming months.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram


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Bitcoin

Cardano and Arbitrum fall by more than 20%, While BlockDAG Presale Jumps to $6.3 Million

ADA fell by 26% in the past two weeks, from a high of $0.77 to a low of $0.57 ARB recorded an even sharper 35% correction, from a high of $2.25 to bottom out at $1.45 By contrast, BlockDAG secured $6.3M of investment in its presale The crypto market continues to trade in the red…


  • ADA fell by 26% in the past two weeks, from a high of $0.77 to a low of $0.57
  • ARB recorded an even sharper 35% correction, from a high of $2.25 to bottom out at $1.45
  • By contrast, BlockDAG secured $6.3M of investment in its presale

The crypto market continues to trade in the red zone, with many altcoins facing corrections. Specifically, Cardano saw a significant 26% decrease in value over the past two weeks, leading to a cautious Cardano (ADA) price prediction. Similarly, Arbitrum’s price faces potential further declines due to an upcoming token unlock.

On the flipside, the presale market is booming, with BlockDAG (BDAG) emerging as a frontrunner as it clocked up $6.3M in its presale stages.

Cardano (ADA) Price Prediction: Is Correction Looming?

The launch of a new stablecoin, USDM, on the Cardano blockchain caused a surge in ADA’s price and an increase in network activity. Despite these gains, concerns persist due to a negative MVRV ratio and bearish MACD and MFI indicators, hinting at a potential price correction. However, decreasing volatility suggested by Bollinger Bands presents a complex outlook for ADA’s price rally sustainability.

Whales Transfer $58M in Arbitrum Tokens to Exchanges Following Unlock

Arbitrum (ARB) witnessed a significant token unlock on March 16, releasing 1.1 billion Arbitrum tokens worth $2.32 billion to its team, advisers, and investors. Following this, whales moved $58 million worth of Arbitrum tokens to exchanges, contributing to a price drop.

Despite the recent unlock leading to a nearly 23.42% decrease in ARB’s price, another unlock of 92.65 million tokens, valued at about $157 million, is scheduled for April 16, potentially affecting the token’s market further.

BlockDAG’s Viral Keynote

BlockDAG (BDAG) has surged in popularity among presales following the release of a viral keynote video, which debuted on the digital screens of Shibuya Crossing in the heart of Tokyo. Following the keynote debut, BlockDAG’s presale witnessed an impressive influx of over $6.3 million in investments.

The core offerings of BlockDAG include BDAG coins, a crypto payment card, and its X-series lineup of mining rigs. The BlockDAG payment card, accepted at over 38 million locations globally, allows users to spend their BDAG coins and other major cryptos like Ethereum, Bitcoin, and Solana for everyday purchases.

As for the BDAG coins themselves, users can mine them with the X-series rigs and spend them with the BlockDAG card or trade on exchanges. These rigs are designed to be environmentally friendly and user-centric, capable of mining a range of cryptos and potentially generating $1 to $100 daily in passive income.

In response to the overwhelming early investor interest and the $6.3 million raised quickly, BlockDAG has announced a $2 million mega giveaway shared by 50 lucky community members. To participate in the giveaway, follow BlockDAG’s social media channels, submit your wallet address, increase your chances by completing all quests, and bring friends for additional entries.

Final Thoughts

The Cardano (ADA) network faces potential price corrections amid negative market indicators, despite a surge in network activity and price. Arbitrum (ARB) could see further price drop with a scheduled unlock of 92.65 million Arbitrum tokens on April 16. BlockDAG (BDAG) continues to attract significant investment in its presale, buoyed by its ROI potential and passive income opportunities.

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial


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Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC

Following a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below the 300,000 mark, as it recorded a holding of 304,970.43 bitcoins as of [……
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