Oh boy, Bitcoin (BTC) did the hokey-pokey around $83,000 on March 30 after a wild weekend ride that took it to new ten-day lows. π’
Data from CryptoMoon Markets Pro and TradingView showed BTC/USD doing the worm back up after a brief visit to $81,600 the day before. π
With the US stock markets in a tizzy but not spilling over into crypto, Bitcoin managed to wipe the floor with most of its losses. π§Ή
“What a rollercoaster for a weekend!” exclaimed popular trader Daan Crypto Trades, probably while holding onto his hat. π©
“Looks like Bitcoin might just pull a Houdini and open on Monday where it closed on Friday. Ta-da! Most of the dump has been retraced now.”
Daan Crypto Trades is keeping an eye out for a new gap in CME Groupβs Bitcoin futures markets, because who doesn’t love a good market mystery? π΅οΈββοΈ
“Wouldn’t it be nice if we could just skip the gap and get on with our lives?” he mused, hinting at a “big week” ahead. Bring on the fireworks! π
Not everyone is doing backflips, though. Veteran trader Peter Brandt is skeptical about the stability of Bitcoin’s recent dance with multimonth lows. π
“I’m not into the whole inverted H&S patterns with downward slanting necklines. Give me a horizontal neckline any day. $BTC”
β Peter Brandt (@PeterLBrandt) March 29, 2025
“Don’t shoot the messenger, folks. I’m just here to read the tea leaves until they change their mind,” Brandt told his followers, dropping a new lower BTC price target like it’s hot. π₯
“Bear wedge completed with 2X target from the double top at 65,635. Ouchie.”
Brandt’s $65,000 BTC price prediction isn’t the only one in town, folks.
Can “Spoofy” the Whale’s $78,000 Bitcoin Bids Be Trusted? π€
Keith Alan, co-founder of trading resource Material Indicators, is doubling down on his hunch that a big fish has been playing games with BTC prices. π£
As CryptoMoon reported, this mysterious “Spoofy, The Whale” has been using overhead liquidity to keep Bitcoin’s head underwater. π
This little game of “spoofing” is all the rage in crypto town, and it looks like Spoofy has been scooping up coins on the cheap. π
“Spoofy seems to be buying this dip with bids all the way down to $78k. Who’s ready to ride the whale’s tail?”
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2025-03-30 16:32