🧪 Our FULL BTC Analysis

Good Morning!

We're diving headfirst into the latest news – Bitcoin's comeback hitting a sweet $72,000, and did you hear about Warren Buffett's latest investment move? Plus, we're looking at Nvidia's recent stumble.

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Hungry for more? Dive into Mr. M's detailed Bitcoin analysis and get the lowdown on everything from price actions to the impact of ETFs.

Let’s get into it 👇

🌡 Market Temperature Check

📈 Bitcoin Prices Regain $72,000 as Weak April Start Makes Way for Halving Trade

🤔 Almost Half of Warren Buffett's $369 Billion Portfolio Is Invested in Only 1 Stock

💾 Nvidia Stock Drops 10% from Record High. Is the Chip Giant Losing Its Grip?

🏆 Winners Showcase

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👾 Crypto Catalyst

Mr M’s Detailed $BTC Analysis

Welcome to a special feature in our newsletter where Mr. M, one of our renowned analysts from TradingLab, offers an incisive look into Bitcoin's current market dynamics. His breakdown sheds light on key price movements and factors influencing BTC's trajectory.

This analysis is just a glimpse of the daily insights available to our community members.

Join us at TradingLab for more in-depth discussions and exclusive content that can empower your trading decisions.

Price Action:

Price was trading in the first green box at around $69.5K when I had warned you guys about a possible manipulation move into the 2nd Green Box and a trendline retest at $65K. That indeed was a good manipulation move.

The final blue box distribution move can't be confirmed unless we get a break and close above $72K. I have been saying this repeatedly during my updates, only a matter of time that you'd see new highs being formed. While many anticipated lower prices, I have asked all of you to avoid leverage and accumulate as much as you can in $66K - $60K range with no fears of liquidation. Did some more buying when $BTC dipped to $65K, many thought it was higher prices but you failed to buy $28K, you failed to buy $43K, you failed to buy $53K, this might be your last opportunity to buy before all the Euphoria kicks into the market.

I get calls from friends asking for advice in buying ranges and they sound frustrated with this ranging phase of market. This is exactly what market makers want from you, make you feel exhausted and settle for less to no profits. If you would read last few detailed analysis updates, you'd realize the overall market sentiment. So, as long as we do not break and close daily below $59K, this whole leg between $73K - $60K is just an internal retracement/corrective wave and there is no need to worry.

The Impact of ETFs

We have always talked about the persistent impact of ETFs on $BTC price and we are two weeks away from halving as well. So let's understand the price impact of both of these events side by side and not to forget that this is the first time we have seen price breaching the ATHs before the halving. What exactly could be happening in the next few weeks?

While the previous halving events have been extremely bullish for $BTC, I see a lot of people saying that this could be a non-event. This could actually be true because the ETF approval has already caused an immense never seen before supply upset in the market with reserves going below their decade-old lows. While ETFs could have a long-term bullish price impact, connecting it entirely with halving and expecting a 900% price rise in the next few months is not very realistic.

To understand this further, you need to realize why halving has historically been a bullish event, simply because it reduces existing $BTC supply. Reduction of supply coupled with increasing demand in simple economic terms is always a bullish scenario, right? But with ETF approval, that supply reduction phenomenon has already happened to a great extent (on average 10,000 $BTC inflow into ETFs since 10 January and only around 900 $BTC being mined daily), possibly losing its impact element. So, it wouldn't be a mistake to say that halving may just turn into a non-event situation.

It could serve as one supporting catalyst but not the most dominating one like we have witnessed in previous cycles. Still, I wouldn't be shocked even if we get to see a great reset pre or post-halving days rinsing off these high leverage moonboys (Remember 3rd January?), so ask yourself again before going with 100x if it's the right thing to do particularly in such situations.

Volatility In The Market

Talking about volatility in the market, it has been quite low compared to the previous cycle, down to only 3% - 4%. In my opinion, this slowly is going to become a new normal, not in the near future but at least in a longer term. With the growing number of $BTC ETF investors, who are very likely more passive investors and long-term holders, you wouldn't see huge price surges and more of a traditional security-like movement. So, once again for all you degens wanting to see a huge God candle halving, sit back and take a break and start taking these investments in their true essence rather than from a gambling perspective.

✍ TL;DR

• Bitcoin Price Regains Momentum: BTC prices have surged, reaching $72,000 after a slow start in April.

• Anticipation of Halving Event: The market is reacting to the upcoming Bitcoin halving, a critical event known to impact prices.

• Mr. M's Analysis Highlights:

  • Warned about potential manipulation at $65K-$69.5K.

  • Advised accumulating BTC in the $60K-$66K range.

  • Avoid leveraging; focus on strategic buying.

• ETF Impact on Bitcoin:

  • ETFs have significantly influenced the BTC market, with reserves hitting decade-low levels.

  • Halving may have less impact due to ETF-induced supply changes.

• Market Volatility Trends:

  • Current market volatility is lower (3%-4%).

  • Predicting a new normal in market movements, influenced by passive ETF investors.

Stay ahead, stay informed, and most importantly, stay profitable.

‘til next time,

TradingLab