🚨 Bitcoin‘s Fate Hangs in the Balance: Will the Golden Cross Save the Day? 🚨
Oh joy, oh rapture! Bitcoin (BTC) is about to hit a major milestone, and I’m not just talking about the impending doom of our 401k’s. Ali, a crypto analyst (read: genius), is warning us to keep an eye on the MVRV and 180-day SMA, because a “golden cross” pattern could signal the continuation of the Bitcoin bull run. Because, you know, that’s exactly what we need – more people getting rich off of speculation. 🤑
Watch for the MVRV and 180-day SMA to flash a golden cross to signal the continuation of the #Bitcoin $BTC bull run!
— Ali (@ali_charts) March 21, 2025
Apparently, a golden cross is when a short-term moving average crosses above a long-term moving average, which is just a fancy way of saying “oh no, we’re all going to be rich!” (Just kidding, it’s actually a sign of potential sustained upward momentum. But let’s be real, who needs actual momentum when you have memes?) 🤣
At the time of writing, Bitcoin (BTC) was down 1.74% in the last 24 hours to $83,359, because who needs stability when you have volatility? 🤪 Market analysts are pointing to the $80,000 level as the critical support for Bitcoin to maintain, but let’s be real, that’s just a number – it’s all about the feels. 💖
With Bitcoin currently holding above this key support, the said golden cross of the MVRV and 180-day SMA could reinforce bullish sentiment, which is just a fancy way of saying “we’re all going to be rich!” 🤑
Bitcoin traders cautious
While technical indicators suggest optimism, broader market conditions and macroeconomic factors might shape Bitcoin’s price trajectory in the short term. The derivatives market, however, paints a different narrative, with traders exhibiting caution. Because, you know, we can’t all be geniuses like Ali. 🙄
According to Glassnode, futures open interest fell from $57 billion to $37 billion, a 35% drop since Bitcoin’s all-time high, signaling reduced speculation and hedging activity. This fall reflects the contraction in on-chain liquidity, indicating broader risk-off behavior. Which is just a fancy way of saying “people are getting scared.” 😱
Bitcoin options markets also reflect a growing demand for downside protection. The Volatility Smile reveals that puts are trading at a higher premium than calls, indicating risk-averse positioning as investors hedge against additional downside. Because, you know, it’s always better to be safe than sorry (unless you’re a Bitcoin investor, in which case, go big or go home!) 🤑
The Options 25 Delta Skew confirms this trend with short-term puts becoming increasingly more expensive than equivalent calls, highlighting sustained demand for hedging. This risk-off sentiment suggests elevated uncertainty in BTC price action. The rising cost of downside protection in BTC options also reinforces this cautious market sentiment. Because, you know, we can’t all be winners (unless you’re a Bitcoin investor, in which case, you can be a winner… until you’re not). 😂
Read More
- Unlock the Ultimate Arsenal: Mastering Loadouts in Assassin’s Creed Shadows
- REPO: How To Fix Client Timeout
- 8 Best Souls-Like Games With Co-op
- BTC PREDICTION. BTC cryptocurrency
- Classroom of the Elite Year 3 Volume 1 Cover Revealed
- Rafayel Abyssal Chaos Final Farewell Endings In Love And Deepspace
- Unlock Wild Cookie Makeovers with Shroomie Shenanigans Event Guide in Cookie Run: Kingdom!
- All Balatro Cheats (Developer Debug Menu)
- Reverse: 1999 – Don’t Miss These Rare Character Banners and Future Upcoming Updates!
- How to Reach 80,000M in Dead Rails
2025-03-21 18:19