Canadian Dollar Forecast USDCAD for March 25, 2025

Bitcoin is nearing a rematch with two-week highs as the week gets underway, data from Cointelegraph Markets Pro and TradingView shows.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

“We may see a pullback from here over the next 1-2 weeks, a retrace of this recovery.”

BTC liquidity chart. Source: CrypNuevo/X

CrypNuevo eyed downside liquidity nearer $80,000 as a potentially lucrative target, advising followers to “mind the risk.”

BTC/USDT 1-hour chart. Source: CrypNuevo/X

These included the 200-day simple and exponential moving averages, currently at $85,050 and $85,500, respectively.

BTC/USD 1-day chart with 200 SMA, 200 EMA. Source: Cointelegraph/TradingView

“Makes room for further cuts.”

Fed target rate probabilities for June FOMC meeting. Source: CME Group

“The Daily RSI is showcasing early signs of retesting the Downtrend dating back to November 2024 as new support,” Rekt Capital wrote in his latest update on the topic.

BTC/USD 1-day chart with RSI data. Source: Rekt Capital/X

As reported by fellow analyst Matthew Hyland, BTC/USD has now confirmed a bullish divergence on the weekly chart for the first time since September last year.

BTC/USD 1-week chart with RSI data. Source: Matthew Hyland/X

“Unrealized losses have surged, pushing many STH coins underwater, nearing the +2σ threshold,” it noted alongside a chart that applies standard deviation to the performance of their holdings.

Bitcoin STH unrealized loss. Source: Glassnode/X

“However, this remains well below prior capitulation events, such as the $19.8B and $20.7B losses in 2021-22.”

Bitcoin STH rolling 30-day realized loss. Source: Glassnode/X

“There are several factors behind this increase, but the most important one is likely that investors on Binance remain confident and are preparing to enter, or re-enter, the market.”

Binance ERC-20 stablecoin reserve. Source: CryptoQuant

Source: Cointelegraph

Source: Poundsterlinglive

Investing.com - A weaker dollar and stabilizing earnings revisions for the so-called "Magnificent 7" group of mega-cap tech companies could drive a rally in U.S. stocks, according to analysts at Morgan Stanley.

The benchmark S&P 500 has slid by more than 3% so far this year, as investors have fretted about elevated valuations and indications that President Donald Trump’s tariff plans could dent over economic activity. The slide also briefly brought the index down to correction territory, defined as a 10% or more decline from a recent peak.

At the same time, equities in Europe have outperformed, with traders enticed by cheaper valuations and hopes for increased spending pushes by regional governments.

In a note to clients on Monday, the Morgan Stanley analysts led by Michael Wilson flagged that the relative underperformance on Wall Street has partly been tied to quarterly corporate returns being weighed down a stronger dollar.

But the brokerage said this trend "may now be shifting" as the dollar is down 5% since touching highs in January.

"This should offer a tailwind for US revisions and is one reason we think relative performance versus international developed equities can swing back in favor of the US in the near-to-intermediate term," the analysts said.

Earnings revisions at Magnificent 7 stocks -- which include big-name tech players like Amazon (NASDAQ:AMZN), Facebook-parent Meta Platforms (NASDAQ:META) and Google-owner Alphabet (NASDAQ:GOOGL) -- also "look like they may be bottoming, which could support a rotation back to the U.S.," the analysts added.

These dynamics, along with a falling 10-year U.S. bond yield and oversold positioning, continue to support the potential for a "tradeable rally" in the near term in the S&P 500 from a level of around 5,500.

On Friday, the average inched up by 0.1% to 5,667.56 after Trump said there could be some flexibility in his tariff stance, raising expectations that sweeping levies due to come into effect on April 2 may not be as severe as initially thought.

"[W]e are watching [...] labor [market] data, [purchasing managers’ indexes], and earnings revisions carefully as signposts for a more durable rally," the analysts said.

Source: Investing

Just when the crypto sphere started buzzing about a potential Bitcoin resurgence, a new data point has emerged, painting a slightly different picture. While Bitcoin’s price has shown signs of recovery, the enthusiasm among short-term investors appears to be conspicuously absent. Is this a temporary lull or a sign of deeper market hesitation? Let’s delve into the latest insights from IntoTheBlock to understand why, despite the encouraging price movement, short-term Bitcoin investors are still playing it cool.

Decoding the Data: Why Aren’t Short-Term Bitcoin Investors Jumping Back In?

According to a recent X post by IntoTheBlock, the number of addresses holding Bitcoin for less than a month has actually decreased. This might seem counterintuitive given the recent price uptick, but it reveals a crucial aspect of the current crypto market dynamics. Let’s break down the numbers:

• January Peak: Short-term Bitcoin holder addresses stood at approximately 3.06 million.
• Current Scenario: This number has dwindled to around 2.53 million.
• The Missing Millions: That’s a significant drop of over half a million addresses, indicating a lack of renewed interest from those typically engaging in quick trades.

This data point is significant because an increase in short-term holder addresses usually signals a fresh wave of optimism and speculative buying. The current decrease suggests that a large segment of the market remains unconvinced by the recent price rebound.

What Does This Caution Mean for the Bitcoin Market?

The reluctance of short-term investors to re-enter the market, even with a price recovery, could be indicative of several factors. Understanding these can provide valuable insights into the current state and potential future trajectory of Bitcoin.

Possible Reasons Behind Investor Hesitation:

• Lingering Market Uncertainty: Despite the rebound, the broader economic landscape remains uncertain. Factors like inflation, interest rate hikes, and geopolitical tensions can easily dampen investor spirits.
• Past Market Volatility: The crypto market is notorious for its volatility. Short-term investors, often more sensitive to price swings, might be wary of another sudden downturn, remembering previous market corrections.
• Profit Booking and Sideline Strategy: Some short-term holders might have booked profits during the initial rebound and are now waiting for a clearer direction or a more pronounced upward trend before re-entering. They could be adopting a ‘wait-and-see’ approach.
• Alternative Investment Opportunities: Investors might be exploring other asset classes or crypto opportunities that seem more promising or less risky in the current environment.

Market Sentiment: Is the Rebound Just a Temporary Bump?

The term market sentiment is crucial in understanding investor behavior, especially in the volatile crypto space. It essentially reflects the overall attitude of investors towards a particular asset or market. In this case, the data suggests that the prevailing market sentiment among short-term Bitcoin holders is still leaning towards caution, not exuberance.

Key aspects of current market sentiment:

1. Fear of Missing Out (FOMO) is Absent: Typically, a strong price rebound would trigger FOMO among short-term traders, leading to a rapid influx of new investments. The current data suggests this isn’t happening to the usual extent.
2. Focus on Long-Term Fundamentals: The cautious approach from short-term investors might indicate a broader shift towards valuing long-term fundamentals over short-term price action. Investors may be looking for more sustained growth indicators before committing heavily.
3. Data-Driven Decision Making: The analysis from IntoTheBlock itself highlights the increasing reliance on data and on-chain metrics for making investment decisions. Investors are becoming more sophisticated and less driven by hype alone.

Navigating the Crypto Market: Actionable Insights for Investors

So, what does this mean for you as a crypto enthusiast or investor? Here are some actionable insights based on the current market sentiment and data:

• Exercise Prudence: The cautious stance of short-term investors serves as a reminder to approach the market with prudence. Avoid impulsive decisions based solely on short-term price movements.
• Focus on Due Diligence: Now, more than ever, thorough research and due diligence are essential. Understand the fundamentals of Bitcoin and other cryptocurrencies before investing.
• Monitor On-Chain Data: Keep an eye on on-chain metrics like those provided by IntoTheBlock. They offer valuable insights into market trends and investor behavior beyond just price charts.
• Diversification Strategy: Consider diversifying your crypto portfolio to mitigate risks associated with the volatility of a single asset like Bitcoin.
• Long-Term Perspective: Adopting a long-term investment perspective can help weather short-term market fluctuations and benefit from the potential long-term growth of the crypto market.

Conclusion: A Measured Rebound in a Cautious Crypto Market

The Bitcoin price rebound is undoubtedly a positive sign, but the data revealing continued caution among short-term investors offers a more nuanced perspective. It suggests that while the market is showing signs of recovery, a full-fledged return of exuberant bullish sentiment is yet to materialize. This period of measured rebound and investor caution could actually be healthy, paving the way for more sustainable and fundamentally driven growth in the long run. For investors, this means staying informed, being patient, and making strategic decisions rather than chasing fleeting market rallies.

Source: CryptoSlate

Source: Reuters

Above: GBP/USD at daily intervals.

Source: Poundsterlinglive