©Reuters
Investing.com – Bitcoin posted slight gains this Monday morning, after a weekend of decline, which itself followed a real plunge in the cryptocurrency market last Friday.
Recall that the marked a peak close to $49,000 last Thursday, the day after the approval of spot Bitcoin ETFs by the SEC, before collapsing, reaching a low at $41,500 on Friday, and has since only very rebounded little, moving to $42,500 at the time of writing this article.
As several observers had feared, the validation of spot BTC ETFs by the SEC, which had been widely anticipated, gave rise to profit-taking after a final increase in the face of the announcement.
This week, crypto investors will now be watching the popularity of the recently approved ETFs, knowing that trading is expected to begin on Tuesday, and that strong inflows would mechanically constitute a bullish factor for BTC.
The macroeconomic context will also need to be monitored following the better-than-expected US inflation figures for December published last week, knowing that if the data pulls back the second quarter, cryptocurrencies could see red.
Conversely, if statistics confirm the prospect of a rate cut in March, a scenario currently considered more than 80% likely, Bitcoin and other digital assets should benefit.
Technical thresholds to monitor on Bitcoin
From a graphical point of view, we note that the upward trend line that can be seen on the D1 chart since November 2024 seems to have stopped the recent correction of .
A break below $41,000 would correspond to a break below this trend line, which would send a negative signal, with in this case $40,000 as the next target. On the upside, the $45,000 area is the first significant obstacle, before last week’s peak at $48,750, then the key threshold of $50,000.