Dear Readers,

Overall in the global crypto market the mood-o-meter is with the positive bias.

At the time of writing this article the global cryptomarket cap stands at $2.49 Trillion is up by 5.29% from yesterday.

The crypto leader BTC trades at 66040 range which is up by 3.90% from yesterday. On a weekly basis it witnessed 7% up.

It is forming a pattern that during week days it moves up and during the week end it moves sides ways. This may because the BTC ETF effects as ETF will work only from Monday-Friday on the week days.

While BTC touched its All Time High on March 4, 2024 it did not sustained it. 

It soon came back. If we look at the BTC technical chart, there is a stiff resistance is at $ 67000 level and currently the price is consolidating. As BTC is still trading above $65,000 and it is trading above the 100 hourly Simple moving average.

BTC is trading with higher volumes and the constant interest by the investors on BTC remains the same. 

But, largely expected that it will face a slight correct and will go higher.

The halving process would also help the BTC price movements. This is the very first time we are witnessing the halving process with the input of BTC ETFs.  

We are surprised and interested to watch that the pumping volume of BTC ETF is on the rise. 

Many experts are still found bullish in BTC. Latest to its addition, the famous writer of the widely welcomed book- Rich Dad Poor Dad, Robert Kiyosaki's latest tweet boosted the crypto investors. 

He tweeted the following on March 7, 2024.

BITCOIN on fire. The biggest mistake you can make is to procrastinate. Important to start, even if only for $500. Next stop $300,000 per BC in 2024.

It is to be noted that we are continuously tracking the progress of the BTC. 

Looking all good days ahead with the cryptos!