Bitcoin has just been ranging over the weekend around 77500–79500. Nothing new, everything's going as planned. Current price is about 77700.
The market is quiet. Total market cap is around 2.57 trillion, Bitcoin dominance is just above 60 percent, and fear is at 44. No panic, no joy, everyone's just waiting.
Outside, it's also stagnant. American markets are flat, oil isn't moving. The news from Iran is a mixed bag again. One day it's one thing, the next day it's another. Iran doesn't want to impose any restrictions, and because of that, tensions are rising. The US has already mobilized forces, but so far, nothing has kicked off.
Today, a representative from Iran went to Moscow; they’re going to sort something out.
The main event of the week is the Federal Reserve meeting on April 29. Everyone will be listening to what Jerome Powell has to say. The market mood hinges on his words right now.
Bitcoin's been acting strange. It dropped for two consecutive quarters, which hasn't happened in a while. But if you zoom out, it’s risen from about 60000 to almost 80000. Just doing it without any sharp moves.
The 74000–76000 zone used to be the ceiling, now it’s support. Big players are quietly scooping coins off the market.
Regular folks as always. Some closed a small profit, others are too scared to enter and are opening shorts.
I've got a feeling Bitcoin might hit above 80000 pretty soon.
Today’s picture is straightforward. Support is around 75000–77000, resistance is between 79000–80000. We're probably just going to range until the Fed decides, unless something drastic hits the news.
Michael Saylor keeps stacking Bitcoin. He recently added another 3273 BTC for around 255 million. Looks like he’s not planning to stop anytime soon.
Meanwhile, BitMine is actively stacking Ethereum and already holds over 5 million coins.
And the average Joe is sitting there wondering whether to buy at least 0.1 BTC now or wait for a drop to 50000. And of course, they believe the big players will first tank the market and then scoop up lower. Same old story that repeats every time.