Short-term trend analysis (based on 1H and 2H charts) - Falling Wedge pattern: AVNT is contracting within a bearish wedge pattern โ this is a potential bullish reversal signal. - Breakout area: If the price surpasses the $1.21 area with confirming volume, the short-term targets could be: - ๐ฏ T1: $1.5477 - ๐ฏ T2: $1.7387 - Strong support: The $0.85 area is considered a strong support โ if the price corrects, this is the area that could bounce back. $AVNT
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#CryptoCPIWatch This week, the cryptocurrency market is closely monitoring the Consumer Price Index (CPI) data from the United States, expected to be released on May 13. The annual CPI forecast remains at 2.4%. If the CPI exceeds expectations, concerns about inflation may cause the Federal Reserve (Fed) to delay interest rate cuts, putting pressure on Bitcoin and altcoins. Conversely, if the CPI is lower than expected, the market may react positively, driving cryptocurrency prices up. Currently, Bitcoin is trading around $103,651, down 0.36% in the past 24 hours. Investors should prepare for strong volatility after the CPI data is released.
This week, at the roundtable meeting of the U.S. Securities and Exchange Commission's (SEC) Cryptocurrency Task Force on May 12, 2025, Chairman Paul Atkins emphasized the importance of transitioning securities from the traditional system to the blockchain platform. He compared this process to the digital revolution in the music industry, arguing that tokenization could enhance liquidity and automate the market through smart contracts. Atkins also called for the establishment of clear regulations for the issuance, custody, and trading of digital assets, aiming to promote the U.S. as the 'cryptocurrency capital of the world.'
As of May 13, 2025, the price of Bitcoin (BTC) is fluctuating around 103,588 USD, slightly down about 0.4% in the past 24 hours.
๐ Short-term forecast โข Support level: Around 102,000 USD; if broken, it could drop to the range of 98,000โ92,000 USD. โข Resistance level: The range of 104,000โ106,000 USD is a strong barrier; if surpassed, the price could head towards 108,000โ110,000 USD.
๐ Medium-term outlook โข Forecast by mid-May: Some technical analyses suggest that BTC could reach 114,000 USD by May 14 if the upward trend continues. โข Forecast by the end of Q2: Optimistic analysts predict BTC could hit 120,000 USD, with a possibility of reaching 150,000 USD by the end of the year if supportive factors continue to hold.
โ ๏ธ Risks to watch out for โข US inflation data (CPI): Upcoming announcements may affect market sentiment and decisions by the Federal Reserve (Fed). โข Regulation in the US: Arizona's rejection of cryptocurrency-related bills indicates uncertainty in the legal environment. โข Market sentiment: The Fear & Greed index is currently at 70 (Greed), indicating the market is in a state of excitement, but it could also lead to short-term corrections.
๐ Conclusion
Currently, Bitcoin is holding above the 100,000 USD level, with a bullish outlook if it surpasses key resistance levels. However, investors should closely monitor macroeconomic factors and regulatory conditions to make informed decisions.
As of May 10, 2025, the price of XRP is trading around 2.39 USD, with a daily fluctuation range from 2.33 USD to 2.42 USD.
Forecasts for this weekend vary among experts. According to CoinCodex, XRP may slightly decrease to 2.06 USD, reflecting a correction after the recent price increase. Meanwhile, Changelly predicts a decrease of about 5.5%, bringing the price of XRP to around 2.26 USD on May 11.
However, some technical analysis suggests a potential recovery if XRP maintains the support level of 2.05 USD and breaks through the resistance level of 2.21 USD, which could push the price up to the range of 2.40โ2.50 USD.
Overall, the XRP market is in an accumulation phase, with the possibility of fluctuating within a narrow range of 2.20โ2.50 USD this weekend. Investors should closely monitor technical factors and market news to make informed decisions.
#AltcoinSeasonLoading Altcoin season loading is a term used when the market shows signs of shifting from Bitcoin's dominance to a strong upward trend of altcoins (other cryptocurrencies besides BTC). This period usually occurs after Bitcoin reaches a peak or consolidates, allowing funds to flow into altcoins. Currently, some indicators such as the declining BTC dominance rate, many altcoins rising sharply, and the interest of retail investors suggest that altcoin season may soon begin. However, the market still carries high risks, so investors need to be cautious and closely monitor macro trends.
$BTC This week, Bitcoin (BTC) has experienced several notable fluctuations. The current BTC price is hovering around 96,971 USD, with a daily high of 97,513 USD and a low of 93,587 USD.
Some significant events affecting the BTC market include: โข New Hampshire becoming the first state in the US to establish a cryptocurrency reserve fund, allowing public investment in Bitcoin. โข MicroStrategy's Bitcoin strategy: The company reported its fifth consecutive quarterly loss due to BTC price volatility, but continues to buy more Bitcoin through a stock issuance worth 21 billion USD. โข BTC price forecast: Some experts predict the BTC price could reach 250,000 USD by the end of 2025, based on factors such as monetary policy and the broader acceptance by financial institutions.
These developments indicate that the Bitcoin market is influenced by both policy factors and the actions of large institutions. Investors should closely monitor news and trends to make informed decisions.
As of May 7, 2025, the price of memecoin is fluctuating around 0.19 USD, with a market capitalization of approximately 8.37 million USD. Forecasts from CoinCodex indicate that the price of memecoin could rise to about 0.76 USD by June 2025 if the upward trend continues. However, it is important to note that the cryptocurrency market is very volatile, and predictions are for reference only. Investors should carefully consider and closely monitor the macroeconomic factors affecting the cryptocurrency market.
As of May 7, 2025, the price of Bitcoin (BTC) is trading around 96,965 USD, with a slight upward trend. According to forecasts from CoinCodex, BTC could reach 121,243 USD by May 12, which corresponds to an increase of approximately 24.86% in the next 5 days. Supporting factors include positive market sentiment (the Fear & Greed index at 67), interest from financial institutions, and expectations for stable monetary policy from the U.S. Federal Reserve (Fed). However, BTC still faces strong resistance at the 100,000 USD level, and investors should closely monitor macroeconomic factors affecting the cryptocurrency market.
#MEMEAct MEME Act (Modern Emoluments and Malfeasance Enforcement Act) is a bill proposed by Senator Chris Murphy (D-Conn.) and Representative Sam Liccardo (D-Calif.) on May 6, 2025. The bill aims to prohibit the President, Vice President, members of Congress, and their families from issuing, promoting, or benefiting from digital assets such as meme coins and stablecoins. The goal is to prevent the abuse of public power for personal gain in the cryptocurrency field, especially after former President Donald Trump and his family were accused of profiting hundreds of millions of USD from crypto projects like $TRUMP coin and World Liberty Financial.
However, the likelihood of the MEME Act passing is limited due to Congress currently being controlled by the Republican Party. Nevertheless, the bill has sparked a debate about ethics and transparency in the relationship between politics and cryptocurrency, which may lead to stricter regulations on the crypto market in the future.
As of May 6, 2025, the price of Bitcoin (BTC) fluctuates around 94,000 USD, indicating stability as the market awaits a decision from the FOMC meeting. According to forecasts from CoinCodex, the price of BTC may slightly increase to about 94,871 USD by tomorrow. Experts believe that interest from financial institutions and the influx of capital into Bitcoin ETF funds are supporting the upward trend. However, BTC still faces a strong resistance level at 100,000 USD, and investors should closely monitor macroeconomic factors affecting the cryptocurrency market.
#USHouseMarketStructureDraft The draft structure of the U.S. House of Representatives is a document that shapes the organization, powers, and operational processes of the House. It includes provisions regarding the role of the Speaker of the House, committees, legislative procedures, voting, and member discipline. This draft helps ensure transparent, efficient operations and compliance with the Constitution. Additionally, it may also propose reforms to adapt to the current political landscape. A clear structure helps the House maintain its important role in the U.S. bicameral legislative system.
#FOMCMeeting FOMC (Federal Open Market Committee) meeting is a regular meeting of the U.S. Federal Open Market Committee, usually held 8 times a year. In this meeting, members discuss the economic situation and decide on monetary policy, particularly interest rates. The FOMC's decisions have a strong impact on global financial markets, gold prices, exchange rates, and securities. Investors closely monitor these meetings to predict upcoming monetary policy trends. The minutes and statements following the meeting also play an important role in shaping market expectations.
Last weekend, the crypto market underwent a short-term correction, with Bitcoin dropping nearly 3% from its high of $96,926 to around $94,162. This decline was primarily due to profit-taking activity after BTC hit a strong resistance level at $98,000.
This is a normal technical correction phenomenon in an uptrend, when investors temporarily withdraw capital to secure profits. Despite the selling pressure, BTC still maintained the support zone around $94,000, indicating that buying power still exists.
With factors such as active ETF money flow and expectations regarding interest rate policy, many experts remain optimistic about the possibility of BTC surpassing the $100,000 mark in May. However, investors should closely monitor support and resistance levels to make appropriate decisions.
$BTC Today, April 22, 2025, the price of Bitcoin (BTC) remains stable around 88,000 USD, slightly increasing by about 1% in the past 24 hours. The upward momentum comes from Mr. Michael Saylor, CEO of MicroStrategy, continuing to buy more BTC, reinforcing investor confidence in this asset. Additionally, the weakening USD and volatile US stock market have led investors to seek Bitcoin as a safe haven.
#SaylorBTCPurchase Michael Saylor, the founder of MicroStrategy, is one of the strongest advocates of Bitcoin (BTC). He often shares that BTC is 'digital gold' and the best store of value asset in the digital age. Saylor believes that Bitcoin helps protect assets from inflation and the devaluation of fiat money. He has led MicroStrategy to purchase hundreds of thousands of BTC as part of a long-term financial strategy. With a forward-looking vision, he always emphasizes that Bitcoin is the foundation of a free, decentralized, and transparent financial system, providing individuals worldwide with control over their assets.
#BTCโ๏ธ $BTC In the next 24 hours, the price of Bitcoin (BTC) is predicted to fluctuate around the level of 86,000-88,000 USD, with a slight upward trend. Technical indicators like RSI and MACD show that buying momentum still dominates, despite slight signs of overbought conditions. Trading volume is increasing and active ETF inflows support the upward trend. However, pressure from US-China trade tensions and macroeconomic volatility may cause some minor adjustments. If BTC breaks through the resistance level of 88,000 USD, the price could reach 90,000 USD; conversely, the support level of 85,000 USD will be a key point. Investors should closely monitor news and charts.
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