1647025030 Crypto lunch price BTC and crypto flat Weekend view BTC

Bitcoin lunch: prices negative so wait and see, outlook and results

By now it is lunch time again, so we take a look at the live Bitcoin price and the prices of the top 25 crypto currencies. We look, of course, at last week’s and last month’s results. Then we look at what the market is waiting for and what the expectations are for the coming week.

We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto currencies.

Live Bitcoin price drops, top 25 crypto coins also cautious

At the time of writing, the live Bitcoin price is quoting EUR 41,531.30 ($45,895.30). This is 0.98% lower than yesterday at lunchtime and but higher than during our Bitcoin lunch last Friday.

The prices of the top 25 crypto currencies are also largely down. We do see some green numbers. Cardano (ADA) makes the most gains of the day so far at +3.09%. The biggest loss of the day so far is for Near Protocol (NEAR) at -5.87%.

Bitcoin and crypto results under pressure due to poor start to the week

The negative start to the week is obviously affecting the weekly results of Bitcoin and other crypto currencies.

For example, the BTC weekly result is negative at -1.31%. Only Ripple (XRP) and Litecoin (LTC) recorded worse weekly results with -2.75% and -2.34, respectively. The best results of the week were for Solana (SOL), Near Protocol (NEAR), and Terra (LUNA) with + 27.90%, + 22.43%, and + 20.58%, respectively.

Monthly results also vary widely. Bitcoin posted a gain of + 17.61% over the past 30 days. This puts it in the mid-range. The biggest winners over the past 30 days were Solana (SOL), Near Protocol (NEAR) and Terra (LUNA) with 54.95%, 54.62 and + 35.42% respectively. There were no negative results in the top 25 crypto if we exclude the stable coins.

Of course, you can analyze all results and all live crypto prices on the Tradeincrypto.com website 224 hours a day.

Crypto market awaits Bitcoin 2022, Apple & Terra (LUNA)

The crypto market seems a bit wait-and-see. This is because there are a number of major developments to look forward to. For example, the Bitcoin 2022 event is taking place this week from April 6 to 8. Here, a lot will be known about the future of Bitcoin, and that news could, of course, set the market in motion.

In addition, Apple is rumored to be adding Bitcoin to Apple Pay. With this, a large mass adoption and thus price increase could follow. Apple has announced big news, so we are curious.

Finally, the market is restless about the Bitcoin purchase program that Terra (LUNA) is rolling out. After we already saw some damaging (April 1?) rumors on Friday, analysts now notice that no action has been spotted in the wallet where the BTC from the program is deposited for 5 days. This makes analysts wonder how serious this buyout (and thus increasing demand) can be taken.

Outlook for Bitcoin bullish in coming week

Despite the negative start, the outlook for the Bitcoin price in the coming week is mostly bullish. For example, in this analysis we see that the so-called Wyckoff accumulation pattern provides bullish signals for BTC itself and for BTC-related stocks.

Also according to other analysts, based on technical indicators, the BTC is heading for a bullish week, where the price could pass $50,000. You can see this in the analysis below, among others.

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12H $BTC volatility squeeze forming.

First since January. This one is during green trend bars.

Breakout arrow will indicate direction when it occurs. pic.twitter.com/5QZDl92p7f

– TechDev (@TechDev_52) April 4, 2022

Opposing BTC signal, is the price consolidating?

In another post, the main focus is on the fact that the BTC could not break through the resistance at $47,500… With that, the price remains below the 100-hour moving average and the market is testing the 50% Fib. retracement level. As a result, one expects a consolidating price movement, with support between $45,500 and $45,000. For a further bull trend, based on this analysis, the currency will first have to break through the resistances around $46,750 and $47,500. Of course we will cover whether this succeeds.

Bitcoin, crypto and taxes? Here’s how you do it…

Unfortunately, in most cases you also have to pay taxes on your Bitcoin and crypto holdings. How to process crypto in your income tax return we explained this weekend.

Investing but not (only) in crypto?

There are, of course, many ways to invest. Choosing Bitcoin and crypto is just one of many possibilities. If you also have other investments or want to orient yourself further we are happy to help you get started for your own research with our MANNERS Price Forecast, in which we try to provide the prices of several well-known investments.

Of course, we continue to report on developments in the crypto market. For example, we will be back tonight after the close of the US market with the latest developments in our crypto update.

Want to stay up to date with the latest price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”