Steven Anthonis

Picture of Steven Anthonis

Steven Anthonis

I hold a Master's degree in Business Administration. During my studies I started investing on the stock market. My passion for finance led me to start writing for a financial website, with a particular focus on technical analysis of stocks and indices. This expertise opened opportunities to conduct seminars on technical analysis for clients of a renowned Belgian online broker. In 2011, this culminated in the publication of my book, Leren Traden (Learning to Trade). I have a wide-ranging interest in all things finance, including saving, investing in stocks, real estate, startups, and bitcoin. My insights on bitcoin and cryptocurrencies are featured in the free course Bitcoin and Crypto Explained, where you can find numerous articles authored by me.
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A striking image of Bitcoin, Ethereum, and Ripple coins illustrating modern digital currency.

Bitcoin and Cryptocurrency Market Update

As of March 31, 2025, the cryptocurrency market is experiencing notable fluctuations. Bitcoin (BTC) has fallen below the $82,000 mark, currently trading at $81,482, a 2.4% decline from the previous day.

bitcoin daily higher bottom?

Bitcoin again at a crossroads: higher low or breakdown to new lows?

After a strong bounce from the return line of the red declining channel, Bitcoin’s recovery hit resistance at the 34-day EMA and the upper boundary of the channel. The price was rejected and is now retracing, currently sitting near the 50% Fibonacci level of the move from $76,615 to $88,750.

bitcoin weekly chart, rsi bouncing

Bitcoin at a Make-or-Break Level: Will History Repeat Itself?

Bitcoin’s weekly chart is flashing an important signal that has historically marked strong reversals. Price has fallen below both the 21-week and 34-week EMAs, but without a bearish crossover between them. Additionally, the RSI is bouncing around the key 45 level, where Bitcoin found support multiple times in the past.

Close-up of a Bitcoin coin with Binance logo and text reflecting in dark surface.

Abu Dhabi’s MGX Invests $2 Billion in Binance

In a groundbreaking move, Abu Dhabi-based investment firm MGX has invested $2 billion in Binance, the world’s largest cryptocurrency exchange by trading volume. This marks the first major institutional investment in Binance, signaling a shift in how traditional finance views the crypto sector.

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