Bitcoin update price BTC flat crypto rising to worst case

Bitcoin update: price BTC flat, crypto rising. Here’s why it’s getting exciting…

By now the US markets have closed again. At the end of the first day of trading, we naturally look at the live Bitcoin price and the prices of the top 25 crypto coins. In addition, we look at a BTC milestone and the indicators that point to an exciting week. Finally, of course, we look at the price forecast.

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

Live Bitcoin price flat, prices top 25 crypto coins rise

At the time of writing, the live Bitcoin price is quoting EUR 37,089.24 ($41,102.61). This is 0.62% lower than last night and also slightly lower than during our Bitcoin update last Friday.

The prices of the top 25 crypto currencies of the top 25 crypto currencies are generally positive. There are some losers, but seeing Solana (SOL) lose the most at -0.68%, the damage in the top 25 crypto seems to have been less than bad. The fastest rising crypto coin of the past day was Terra (LUNA) with + 5.24%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.

Another milestone for Bitcoin

Today a chapter was added to the history of Bitcoin. For the first time, a major investment bank, Goldman Sachs, conducted an over-the-counter crypto transaction. The counterparty was Galaxy Digital.

Now that the first transaction by a mainstream bank is a fact, insiders say this indicates further acceptance of BTC and crypto in the financial world. This is obviously a bullish signal, yet we saw that the price did not react immediately.

The following technical indicators promise an exciting week for BTC

If we have to rely on the most current technical indicators, we can expect an exciting week for the Bitcoin price. We are, of course, taking a look at these indicators.

First of all, we see that the number of Bitcoin addresses is increasing. Since February 21, we have seen more and more new Bitcoin addresses being created. On March 17 alone, 480,000 addresses were added. The market sees this as a bullish signal.

In addition, we see that open interest on Bitcoin options is increasing. This, according to analysts, is due to low BTC inventory on the exchanges. At the same time as open interest, leverage is increasing. On the one hand, this means that investors want to take more risk and therefore expect a price increase. On the other hand, the increase in leverage also makes their investment vulnerable, as a relatively small price drop can already lead to execution of the crypto portfolio. Since the number of short and long positions is currently about the same, it is difficult to establish a trend based on this indicator alone.

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Bitcoin price forecast week 12: lots of volatility and excitement

Despite the opposing signals, we are of course making a preliminary Bitcoin price forecast for the coming week. We already saw this afternoon that last week was a positive week with substantial BTC returns. Will this happen again in the coming week? We analyze.

Before this we discussed that leverage can make the portfolio vulnerable. This became apparent when the stock price failed to break the resistance at $42,000 today. More than $20 million was immediately liquidated. After this, the price recovered above $41,000, which calmed the market.

Of course, the situation in Russia continues to hang over the market. Also we see from the indicators for this that short and long positions balance each other out. Nevertheless, technical analyses provide some optimism. It will be an exciting week, but a growth to $42,500 then to $44,500 should be feasible under normal circumstances. You can see this BTC analysis, including charts, here.

Of course we will continue to follow the developments. Tomorrow you will find our first update again in the cryptolunch.

By the way, we will of course also look ahead at the price development of other investments such as stocks, gold, oil, bonds and options. You can read our weekly price forecast on our sister site MANNERS.nl.

Want to stay informed about 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.”