Price Prediction

Material Indicators, the trading gurus, dropped some knowledge on March 20 about why BTC/USD is in this mess.

Sheikh Tahnoon Bin Zayed Al Nahyan, the UAE’s national “everything will be fine” adviser and brother of the country’s top dictator, made a rousing announcement on March 20 via the medium of X, that he had a heartfelt tête-à-tête with Sacks discussing the impactful nature of AI, the ever-expanding circus of digital currencies, and how their intertwining paths may lead to more opportunities than a high-stakes poker game in Las Vegas. 🃏💰

But wait! There’s a federal election looming like a thundercloud, set to burst on or before May 17. Current polls show a nail-biting race between Prime Minister Anthony Albanese’s Labor and the Coalition, led by the dashing Peter Dutton. Who will win this thrilling contest? Stay tuned! 🏇💨

But fear not! Our dear Robbie Mitchnick from Blackrock is convinced that Bitcoin can not only survive but thrive, even in the midst of a recession. He claims Bitcoin is like a fine wine, benefiting from fiscal stimulus, lower interest rates, and monetary easing – all the usual suspects during economic downturns. 🍷

Among the 2,632 respondents surveyed by the illustrious CoinGecko between the months of February and March, a commendable 25% declared themselves “fully bullish,” whilst 19.3% were inclined to describe their sentiments as “somewhat bullish” regarding the prospects of crypto AI tokens in the year of our Lord, 2025. One must wonder if they have consulted the stars! 🌟

Santiment, bless their hearts, noted that the Ether is fleeing exchanges with the rapidity of a rabbit pursued by a particularly determined fox. Balances have plummeted 16.4% since January, as investors appear to be stashing their ETH in cold storage wallets, presumably to keep it away from the prying hands of the market, and perhaps in hopes of a brighter tomorrow when prices may play nice. 🌈