Day: June 27, 2022

Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000

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Bear markets have historically been challenging to navigate for traders and the conventional set of “reliable” indicators that determine good entry points are unable to predict how long a crypto winter might last. Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom was in, but a deeper dive into the data suggests that the short-term relief rally might not be enough proof of a macro-level trend change. Evidence pointing to the need for caution was provided in a…

Crypto exchange FTX is looking into acquiring Robinhood: Report

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Cryptocurrency derivatives exchange FTX is reportedly eyeing a takeover of Robinhood Markets, the popular trading app that introduced millions of traders to Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE). Citing people familiar with the matter, Bloomberg reported Monday that FTX is holding internal deliberations about whether to acquire Robinhood. Although no decision has been made to pursue a takeover, FTX is said to be taking the matter seriously. Bloomberg’s contact clarified that FTX has yet to approach Robinhood with a buyout proposal and that it could still decide against pursuing…

Massive WEAKNESS In Ethereum | Crypto Technical Analysis

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🧠 TECHNICAL ANALYSIS COURSE: ☎️ 1-on-1 GUIDANCE CALLS: 💰 USE THIS BROKER FOR TRADING: 💰 USE THIS BROKER FOR INVESTING: 📅 SWING TRADE NEWSLETTER: 🗣 DISCORD: 🔴 YOUTUBE 2: 🟢 TWITTER: 🟠 INSTAGRAM: 00:00 – Intro 00:17 – BTC (Bitcoin) 03:35 – ETH (Ethereum) 05:42 – BNB (Binance Coin) 07:08 – ADA (Cardano) 08:04 – SOL (Solana) 09:48 – DOT (Polkadot) 10:56 – CRO (Crypto.com Coin) 11:44 – MATIC (Matic / Polygon Network) 12:37 – MANA (Decentraland) 13:29 – AVAX (Avalance) 14:26…

The New Eminem and Snoop Dogg Music Video Showcases Bored Ape Avatars – Bitcoin News

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The prominent rap stars Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. The duo’s latest single called “From the D 2 The LBC” debuted at this year’s Apefest, an annual gathering for BAYC and Mutant Ape Yacht Club (MAYC) owners. From the D 2 the LBC: Eminem, Snoop Dogg, and Bored Apes The new Eminem and Snoop Dogg music video has been trending on Youtube and at the time of writing, the video has gathered 8.85 million…

Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic

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A mild sense of hope emerged among Bitcoin (BTC) investors after the June 18 drop to $17,600 becomes more distant and an early ascending pattern points toward $21,000 in the short-term. Bitcoin 12-hour USD price at FTX. Source: TradingView Recent negative remarks from lawmakers continued to curb investor optimism. In an interview with Cointelegraph, Swiss National Bank (SNB) deputy head Thomas Muser said that the decentralized finance (DeFi) ecosystem would cease to exist if current financial regulations are implemented in the crypto industry. An article published in “The People’s Daily”…

Bitcoin Mayer Multiple Records Lower Value Than Last Cycle’s Low

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The Bitcoin Mayer Multiple has recently sunk to a lower value than the bottom of the previous cycle. This is the first time in the history of the metric that such a trend has formed. Current Bitcoin Cycle’s Mayer Multiple Low Is Deeper Than Last Cycle’s As per data released from the analytics firm Glassnode, the current value of the BTC Mayer Multiple is around 0.478. Before seeing what the Bitcoin Mayer Multiple does, it’s best to look at a basic explanation of a “moving average” first. A moving average…