This week, equity markets had their worst week in 12 years, and when this collapse happened, the crypto market also saw a blow.submitted by jakkkmotivator to thecryptobasic [link] [comments]
Cryptocurrency market had a significant sell-off this week, and this result is relatively reasonable given that people are selling their assets for fear of possible economic instability. Other safe havens such as gold and silver also saw a massive sell-off on Friday.
Will the crypto markets find support in the coming weeks, or will we see a sustained downward trend in momentum?
The Selloff takes place after Bitcoin lost key support at $ 9,400Bitcoin's price found resistance at $ 10,400, after which a test of $ 9,400 support was urgently needed. The $ 9,400 level was unable to provide sustained support, and when the price fell, it resulted in a significant sell-off across the crypto market.
The sell-off led to the next support range of $ 8,200 to $ 8,400, and many horizontal levels are in place to provide potential temporary support and space for an aid rally.
However, in the short term, many believe that the upward momentum is outside the markets as Bitcoin's price reaches a lower low (a key indicator of downward momentum) in the daily timeframe.
Does this mean that the entire crypto market will reverse course and start to decline? Not at all. Bitcoin's price is still 27% higher than January 1st, making Bitcoin one of the most powerful assets of the year.
The weekly chart focuses on the 21-week MAThe weekly chart is currently based on an exciting MA (Moving Average), namely the 21-week MA. The previous bull cycle held this level as support for the bull summit in December 2017, which makes it an interesting indicator for bulls to hold onto.
If the price could find support at this level, it could mean that the upward momentum will continue in the coming period.
The weekly chart also clearly shows the massive sell-off of the past week. However, it is currently based on potential support. Holding the green zone at $ 8,400 would be in line with the 21-WMA and may grant an aid rally.
For sustained upward momentum, it is critical that a break from the previous high of $ 10,400 take place, but such a move could take some time. The market must find support before these levels can be reached.
If the Bitcoin price at $ 8,400 doesn't find support, the next target is $ 7,500 to $ 7,700.
Bitcoin Bull price today is $0.00000352 with a 24-hour trading volume of ?. It has a circulating supply of 0 coins and a max supply of 40 Billion coins. In order to explore addresses and transactions, you may use block explorers such as etherscan.io. Additional information can be found at https://bitcoinbull.pro/. Ahead of the expected record bout of money printing, hard assets like Bitcoin, gold, and silver began soaring. Overnight, gold set a new all-time high price record. Meanwhile, Bitcoin may have broken out from a multi-year triangle formation that could signal the start of a new bull run. Will the cryptocurrency follow precious metals and set a new all-time high in the days ahead? Precious ... Not Bitcoin Gold, however which posted a greater return on investment since the start of the year with an 85% rise in price year to date. Compare Bitcoin Gold With Silver. It's been a volatile year for silver. The precious metal sometimes takes a backseat to its golden neighbour as a safe haven in times of political turmoil. Silver started the ... Stocks have stayed relatively stagnant, waiting for news of the coming stimulus before reacting. Ahead of the United States government finalizing what the next round of stimulus entails, hard assets like gold, silver, and Bitcoin exploded over the last couple of weeks. Gold set a new all-time high price record, and silver tapped nearly $30 an ... News.Bitcoin.com asked a number of individuals what they think the price of bitcoin and an ounce of fine gold will be by December 31, 2020. The people who answered are your average, everyday ... Bitcoin’s Silver Lining. In addition to the Gold Bullion International cofounder’s opinion, another analyst believes BTC is currently suppressed, much like silver was in 2008 all the way until ... BTC/USD Perpetual Binance price chart in real-time. Stats on multiple timeframes, order book, news and trollbox. Coinalyze. Futures Data. Individual Charts; Global Charts; Technical Analysis. Bitcoin Ethereum Ripple Chainlink Bitcoin Cash Binance Coin Litecoin Cardano Bitcoin SV EOS Monero Tron Stellar Lumens Crypto.com Coin Tezos UNUS SED LEO NEM NEO Cosmos Iota VeChain THETA Dash ZCash ... Forex and Market News. Likes ; Followers ; Subscribers ; Followers ; Likes ; Followers ; Subscribers ; Followers ; Subscribers BTC/USDT Binance price chart in real-time. Stats on multiple timeframes, order book, news and trollbox. Coinalyze. Futures Data. Individual Charts; Global Charts; Technical Analysis. Bitcoin Ethereum Ripple Bitcoin Cash Chainlink Binance Coin Litecoin Cardano Bitcoin SV EOS Monero Tron Stellar Lumens Crypto.com Coin Tezos UNUS SED LEO NEO NEM Cosmos Iota VeChain Dash THETA ZCash Ethereum ...
[index]          
On-chain analyst Willy Woo published a new Bitcoin price model showing a new BTC bull run could begin in 30 days. One fundamental metric just reached levels not seen since just before the intense ... Amazon Affiliate Link - (If You Buy Something On Amazon, I Get A Small Commission As A Way To Support The Channel) - (There is NO extra cost for you) https://amzn.to/39MXp4q Computer I Use To ... Bitcoin Price Reversal, Bitcoin Legal Tender, Bitcoin Gold Manipulation & "Not Legal, But Necessary" The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe ... My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ----- Supp... 🔴 Bill Gates Live Microsoft, Bitcoin Trading, Anti-Bearish Coalition, Investments LIVE Microsoft US 3,203 watching Live now 1929 Stock Market Crash and the Great Depression - Documentary ... Bitcoin Price Bull Tom Lee Says Hodl on Amid Market Slump for Later Gains. Plagiary Is The Worst Cryptocurrency Scam of All. We also look at updates from TRON, IOTA and Ethereum Classic. Plagiary ... Gold & Silver Ignite Stage 3 - Where to From Here? Mike Maloney - Duration: 24:06. GoldSilver (w/ Mike Maloney) 120,858 views. New; 24:06. Bitcoin Halving Surge, New Buyer Influx, BTC Fees, XRP ... Today we check out Bitcoin for a Live Market Price Analysis! Cointelegraph reported that we can be nearing a bull market rally following the stimulus check and maturation of both bitcoin and gold ... Bitcoin Price Jumps, Massive Power Grab, Binance In China, Ripple + Santander & Games On Tezos The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working ... Bitcoin and Ethereum predictions turn bullish as we cross the "Golden Cross". Binance Mainnet Launches today with the Binance BNB token migrating to Binance Chain. We take a deep dive at all the ...