Adrian JohnsonTLDR:
- The latest analysis by Crypto World discusses the current state of the cryptocurrency market, focusing on Bitcoin’s historical patterns, Ethereum’s response to short-term support, and news related to the Grayscale Bitcoin Trust (GBTC).
- The analyst provides an update on Grayscale’s Bitcoin holdings and suggests that the selling pressure might be temporary as Grayscale could run out of Bitcoin holdings in about a month. It is noted that Blackrock’s Fintech Solution Advisory Investment platform is accumulating Bitcoin, potentially offsetting Grayscale’s selling pressure.
- Bitcoin’s price chart is analyzed, with a critical support level identified in the $37.9k to $38.4k range. The analysis considers the potential for a basing period before the upcoming halving event in April, and concludes that there could be buying opportunities ahead despite short-term selling pressure.
- Ethereum’s presence of bearish divergence on the daily chart is discussed, along with key support levels. The analyst also looks at Solana against the US Dollar, analyzing recent price movements, Fibonacci levels, and potential support and resistance zones.
The analysis provides insights into the current state of the Bitcoin, Ethereum, and Solana markets, highlighting potential buying opportunities and short-term selling pressure. It also looks at relevant news related to Grayscale’s Bitcoin holdings and Blackrock’s accumulation of Bitcoin.
