The DecenTrader Alpha
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GM. Bitcoin holds steady after sharp weekend price drop. Current price is $63,910. GBTC outflows exceed other Bitcoin ETF inflows for a third consecutive day.
Past 24hr performance
What Just Happened
- Bitcoin miner stocks slump on post-halving profit fears.
- Korean Won overtakes US Dollar as most traded currency for crypto in Q1.
- Satoshi-era Bitcoin miner moves funds after 14-years.
- GBTC outflows exceed other Bitcoin ETF inflows for third day running.
What’s Happening Now
Bitcoin is up 1.36% in the past 24hrs at a current price of $63,910. So far this year Bitcoin is now up +51.12%.
Ethereum is up 0.56% in the past 24hrs, while Solana has bounced a little more after falling harder over the weekend. It is up 2.83% vs. 24 hours ago.
Predator Thermal Vision
Bitcoin: While lower timeframes are bullish, higher timeframes remain bearish.
Ethereum: Largely mirroring Bitcoin, lower timeframes bullish but higher timeframes are still bearish.
Sniper Support and Resistance Levels
Sniper resistance level: $68,500.
Sniper support levels: $59,750 and $51,600.
Note, the 200DMA is climbing up towards the lower Sniper support level.
What’s Next
Weekly Predator Trend Outlook:
Macro calendar key events for the rest of the week:
- Wednesday 16 April: UK: CPI (YoY)
- Wednesday 16 April: USA: Crude Oil Inventories
- Thursday 17 April: USA: Initial Jobless Claims
