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Bitcoin Indicator Signals Equilibrium After Trump Victory – A Clear Path To New Highs?

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Bitcoin is trading around $75,000 following Donald Trump’s victory in the U.S. election, stirring fresh optimism in the crypto market. Trump’s pro-crypto stance has ignited excitement among analysts and investors who anticipate favorable policies for digital assets in his administration. With Bitcoin now sitting at all-time highs, many speculate this could begin a new rally phase.

Related Reading: Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance – Details

Key data from CryptoQuant indicates that Bitcoin has reached a price equilibrium, suggesting there are no strong market forces pulling the price lower. This positive equilibrium reinforces the bullish outlook and hints at a stable foundation for further growth. Analysts believe Bitcoin may be set for new highs with fewer obstacles in the coming weeks.

As investor confidence builds, some view this phase as a critical moment for Bitcoin to solidify its position in a pro-crypto policy environment. The combination of strong technical support and positive sentiment from Trump’s victory has set the stage for what many hope will be a significant upward trend, potentially driving the broader crypto market higher.

Bitcoin Enters A Bullish Phase

Bitcoin has officially entered a bullish phase after breaking past its previous all-time highs, reaching $76,500. This level has become a new area of focus as many analysts identify it as a potential resistance zone. 

According to CryptoQuant analyst Axel Adler, the market is currently balanced between a “Bubble” and a “Crash” phase. Adler’s analysis, which includes key on-chain data, suggests that Bitcoin’s market structure is at an equilibrium, meaning there are no significant fundamental reasons to anticipate a drop. Instead, this setup provides a stable foundation for possibly continuing Bitcoin’s upward trend.

Bitcoin Bubble vs Crash Market Structure signals equilibrium
Bitcoin Bubble vs Crash Market Structure Signals Equilibrium | Source: Axel Adler on X

With the Federal Reserve’s interest rate decision set to be announced today, the next few weeks promise to be pivotal. A stable or favorable decision from the Fed could reinforce the optimism in the market, drawing in new demand and reinforcing Bitcoin’s position above $76,000. 

Many investors and analysts expect heightened activity from institutional players, particularly given Bitcoin’s resilience around this milestone level. The market’s balance at this juncture is crucial. As long as Bitcoin maintains its current structure, it has the potential to continue its upward trajectory without substantial risk of retracement. 

With fresh demand entering the market and the macroeconomic backdrop shaping up favorably, Bitcoin may soon aim for even higher levels. For now, all eyes remain on the $76,500 mark and how the market will respond in the wake of the Federal Reserve’s announcement. This period of consolidation could be the catalyst for the next leg up, solidifying Bitcoin’s bullish outlook.

BTC Key Levels To Watch 

Bitcoin is trading at $75,000, holding steady above its previous all-time high of approximately $73,800. This level has become a critical support zone as BTC continues in a well-defined 4-hour uptrend. The trend began after a strong bounce from the 200 exponential moving average (EMA) at $66,800, indicating renewed bullish momentum.

BTC trading above previous ATH
BTC trading above previous ATH | Source: BTCUSDT chart on TradingView

Bulls need to keep the price above the $73,000 mark to sustain this momentum, a key psychological threshold. This level boosts market confidence and provides a potential springboard for Bitcoin to reach higher targets soon. A confirmed hold above $73,000 could signal further upside, inviting additional buying pressure and potentially setting up BTC for new highs.

However, if BTC fails to hold this level, it could slip toward a lower demand area of around $70,500. Despite this possibility, current price action shows no significant signs of a downturn. The steady uptrend and firm support levels suggest that Bitcoin’s bullish outlook remains intact, with little indication of an imminent drop.

As long as BTC maintains its structure, the path toward continued gains remains clear, reinforcing confidence in the ongoing rally.

Featured image from Dall-E, chart from TradingView



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Grayscale Investments Launches Bitcoin Miners ETF

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Grayscale Investments LLC has officially launched the Grayscale Bitcoin Miners ETF (MNRS), providing investors with a unique opportunity to gain exposure to the Bitcoin mining industry. This ETF is designed for those who want to invest in Bitcoin miners without directly purchasing Bitcoin itself, making it an attractive option for traditional investors looking to diversify their portfolios.

Key Takeaways

  • Grayscale’s Bitcoin Miners ETF (MNRS) targets companies involved in Bitcoin mining and related services.
  • The ETF is listed on NYSE Arca and tracks the Indxx Bitcoin Miners Index.
  • Investors can gain exposure to the Bitcoin mining ecosystem without direct investment in BTC.

Overview Of The ETF

The Grayscale Bitcoin Miners ETF aims to provide targeted exposure to companies that derive a significant portion of their revenue from Bitcoin mining activities. This includes firms that offer mining infrastructure, hardware, and software services. The ETF is particularly appealing to investors who may not be ready to invest directly in Bitcoin but still want to participate in the growing market.

Investment Strategy

The ETF will not invest directly in Bitcoin or other digital assets. Instead, it focuses on companies that support the Bitcoin network’s operations. The Indxx Bitcoin Miners Index, which the ETF tracks, includes major players in the mining sector, such as:

  1. MARA Holdings – 16.65%
  2. Riot Platforms – 11.92%
  3. Core Scientific – 9.2%
  4. CleanSpark – lower weight
  5. Iren – lower weight

These companies are crucial for maintaining the security and integrity of the Bitcoin network, positioning them for potential growth as Bitcoin adoption increases.

Related: Nasdaq Proposes In-Kind Redemptions for BlackRock’s Bitcoin ETF

Market Context

The launch of the Grayscale Bitcoin Miners ETF comes at a time when the market is experiencing significant fluctuations. Despite Bitcoin’s impressive performance in 2024, with a return of 113%, many publicly traded mining companies have struggled to keep pace. Some have reported declines of up to 84% in their stock prices, highlighting the volatility and risks associated with the mining sector.

Future Prospects

Grayscale’s Global Head of ETFs, David LaValle, emphasized the importance of Bitcoin miners, stating, “Bitcoin miners, the backbone of the network, are well-positioned for significant growth as Bitcoin adoption and usage increases.” This sentiment reflects the broader trend of institutional interest in Bitcoin-related investments, as more traditional investors seek to diversify their portfolios with innovative financial products.

Related: Is $200,000 a Realistic Bitcoin Price Target for This Cycle?

Conclusion

The Grayscale Bitcoin Miners ETF represents a significant step forward in making Bitcoin investments more accessible to a wider audience. By focusing on the mining sector, Grayscale is tapping into a critical component of the Bitcoin ecosystem, offering investors a way to engage with the market without the complexities of direct Bitcoin ownership. As the demand for Bitcoin continues to grow, the ETF could serve as a valuable tool for investors looking to capitalize on the evolving landscape of digital assets.





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BTC Price Slips Below $100K as Canada’s Trudeau Retaliates to Trump’s Tariffs

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Bitcoin (BTC), the leading cryptocurrency by market value and the only macro asset open for trading over the weekend, held below $100,000, trading weak for the third straight day, as Canada joined Mexico in announcing retaliatory import tariffs against the United States.

Prime Minister Justin Trudeau said Canada would impose 25% tariffs on U.S. goods, from drinks to appliances, after President Donald Trump imposed a 25% tariff on Canadian and Mexican imports and 10% on goods from China. China said it would file a case against the U.S. at the World Trade Organization while vowing unspecified countermeasures to safeguard its interests.

The renewed trade war, coupled with mass deportations of illegal migrants from the U.S., could add to inflation, weakening the case for speedy Fed rate cuts. BTC’s price weakness likely reflects these concerns and offers risk-off cues to traditional risky assets. The broader crypto market followed BTC lower, with the CoinDesk 20 Index falling over 2%.





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Bitcoin and Gold Are the Cleanest Artificial Intelligence Plays, Says Macro Guru Luke Gromen – Here’s Why

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Luke Gromen believes that Bitcoin (BTC) and gold are the two best assets to accumulate for investors looking to make a play on the potential economic impact of artificial intelligence (AI).

In a new video, the macro guru tells his 36,500 YouTube subscribers that he believes AI will spark a banking crisis as the technology gains capabilities to perform tasks that humans usually do.

According to Gromen, AI will ultimately displace jobs and stifle wage growth, leading to a surge of souring consumer loans.

“Once AI makes enough progress, then, in theory, the deflationary impulses will start to weigh not just on consumer loan delinquencies but then by extension the banking system. So it’s unclear to me how fast that daisy chain of events will be processed and flow through the system.

From there, it becomes a ‘yes’ or ‘no’ question I think that’s fairly simple to answer, which is will policymakers stand aside and let the deflation on wages and jobs cause a banking crisis via consumer loans, etc., or will they step in and act to effectively start preserving the banking system by growing their balance sheets. 

I think we all know the answer to that question.”

Gromen predicts that central banks will intervene and bail out the banking system once again via monetary debasement. He believes that Bitcoin and gold will soar as soon as policymakers print money to rescue banks from defaulting.

“I think gold and Bitcoin are the two best, cleanest AI plays paradoxically. Because ultimately the deflation that AI is going to bring in is going to force consumer loan defaults and then ultimately significant money printing as central banks are really going to have no choice but to fully reserve consumer debt and maybe other forms of debt in my view.”

At time of writing, Bitcoin is trading for $101,300.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney





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