What we will talk about today...

What to keep an eye on this weekend for potential Bitcoin price changes.

This weekend, Bitcoin's price could see significant shifts due to trading volume, funding rates, and open interest. Understanding these factors may help anticipate and respond to market movements.

• Main Points:

  • Trading Volume: Weekend trading volume impacts volatility.

  • Funding Rates: Funding rates indicate potential price movements.

  • Open Interest: Increasing open interest can lead to larger market moves.

• Detailed Insights:

  • Trading Volume: Lower weekend trading volume can lead to significant price swings.

  • Funding Rates: Negative funding rates could signal upcoming volatility.

  • Open Interest: Rising open interest suggests potential for major market shifts.

  • Volatility: Weekend conditions may amplify Bitcoin’s price movements.

  • Market Liquidity: Reduced liquidity over the weekend could make the market more susceptible to changes.

Related: Bitcoin Awaits Fed’s Powell as $61K Eyes Breakout

WHAT WE RECOMMEND😉

To have an Invested Mind, we need Entertainment. Here are some Entertaining, Exciting, and Useful sites for You

Just Clicking The Subscribe Button Helps Us Continue
For Free Forever

Will Bitcoin’s latest bullish signal drive it to new all-time highs?

Bitcoin has formed a golden cross on its price chart, signaling the potential for a major price surge. This bullish pattern could push BTC toward a new all-time high (ATH) of $80,000.

• Main Points:

  • Golden Cross Formation: A bullish signal on Bitcoin’s price chart.

  • Market Sentiment: Crypto Greed and Fear Index jumps to Greed, indicating bullish sentiment.

  • Historical Significance: Golden crosses have previously led to significant price increases.

  • Potential ATH: Speculation arises about whether BTC will set a new ATH or face another dip.

• Detailed Insights:

  • Golden Cross Formation: The golden cross on Bitcoin’s chart is a strong bullish indicator.

  • Market Sentiment: The Crypto Greed and Fear Index moved from Fear to Greed in just two days.

  • Historical Significance: The last Golden Cross saw BTC rise from $59,000 to $70,000 within two weeks.

  • Potential ATH: Analysts speculate on whether BTC will surpass its previous $70,000 ATH.

  • Market Reaction: The broader crypto market has reacted positively to Bitcoin's upward movement.

Related: Bitcoin Whale Suffers Huge Loss in Recent Sale

Will SOL Price Follow?

Solana’s TVL has surged to a near 1-year high, but the SOL token remains below key resistance. Uncertainty around a spot Solana ETF and declining user activity could limit price growth.

• Main Points:

  • TVL Surge: Solana’s TVL hits the highest level since October 2022.

  • ETF Uncertainty: Prospects for a Solana ETF in the US have dimmed.

  • User Activity: Despite TVL growth, user engagement on key DApps is declining.

  • SOL Resistance: SOL struggles to break the $150 resistance level.

• Detailed Insights:

  • TVL Surge: Solana’s decentralized applications hold 34.9 million SOL, a significant increase.

  • ETF Uncertainty: Cboe’s removal of Solana ETF forms signals low approval chances.

  • User Activity: Key Solana DApps show a drop in active user numbers despite TVL growth.

  • SOL Resistance: SOL remains below $150, despite positive network fundamentals.

  • Market Sentiment: Investor sentiment weakened by the SEC’s stance on Solana ETF approval.

Related: El Salvador to Educate 80,000 Public Servants on Bitcoin

CAN YOU PREDICT THE PRICE?

HOW DID WE DO? 🤷

Stay Tuned For More Twists and Turns in
🚀The Crypto World & Happy Investing🚀

This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results