Tag: Analyst

Bitcoin Investors Eye 200-Day Average After Three-Day Rally, Analyst Says

“Bitcoin held important cloud-based support near $40,000 and has generated an oversold ‘buy’ signal from the daily stochastics after a three-day rally, supporting a short-term bullish bias,” Stockton said in an email. “The daily MACD is pinched as well, reflecting improved short-term momentum that supports a move higher toward next resistance near $48.1K, defined by the 200-day MA.” Source 200DayAnalystAverageBitcoinEyeInvestorsRallyThreeDay CryptoX Portal

Analyst suggests swing trading Bitcoin is the best move as BTC price dips below $40K

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Bitcoin (BTC) price flashed bullish for a brief moment, possibly tricking some traders into opening longs, before plunging back below $40,000 in evening trading hours. Let’s take a quick look at what traders think about the current price action and whether or not today’s brief break out was nothing more than test of overhead resistance. BTC/USDT 1-day chart. Source: TradingView Resistance remains at key moving averages Analysis of Bitcoin’s weekly price action was discussed by crypto trader and pseudonymous Twitter user ‘Rekt Capital’, who posted the following weekly chart noting that…

Bitcoin Eyes 200-Day Average After Three-Day Price Rally, Analyst Says

“Bitcoin held important cloud-based support near $40,000 and has generated an oversold ‘buy’ signal from the daily stochastics after a three-day rally, supporting a short-term bullish bias,” Stockton said in an email. “The daily MACD is pinched as well, reflecting improved short-term momentum that supports a move higher toward next resistance near $48.1K, defined by the 200-day MA.” Source

Can RUNE Sustain Its 20% Rally?, Why This Analyst Doubts It

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THORChain (RUNE) has seen an important rally in the past month. The native token of this decentralized cross-chain bridge rose from its 2022 low at around $3 with 30% intra-day rallies to its current levels. Related Reading | THORChain Activates Feature, 30% Spike Follows, Can Bulls Sustain It? At the time of writing, RUNE’s price trades at $9 with an 11% profit in the past 24-hours and a 17% profit in the past week. RUNE on a rally in the daily chart. Source: RUNEUSDT Tradingview According to analyst Alerzio from research…

Bank of America Strategist Warns ‘Recession Shock’ Is Coming, Analyst Says Crypto Could Outperform Bonds – Bitcoin News

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On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA strategist’s note further detailed that cryptocurrencies could outperform bonds and stocks. BOFA Strategist Notes inflation Shock Is Worsening, Cryptocurrencies Could Outperform Bonds and Stocks Bank of America’s chief investment strategist has warned the U.S. economy could feel some economic shocks. In recent times, inflation in the United States has run rampant and the Fed has felt the need to step…

Bitcoin retail FOMO spikes most since 2017 but BTC price may still be ‘doomed’ — analyst

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Bitcoin (BTC) is seeing what looks like panic buying by retail investors, fresh data shows — but all might not be as it seems. In a tweet on April 4, William Clemente, lead insights analyst at Blockware, revealed a large spike in the BTC supply owned by smaller hodlers. 2022 retail FOMO spike “an outlier” Typically referred to as “retail,” entities with 1 BTC or less are considered to be mainstream consumers rather than corporate or institutional investors. According to figures from on-chain analytics firm Glassnode, these smaller players have…

Tesla CEO Elon Musk Takes Stake in Twitter — Analyst Says It Could Lead to a Buyout – Featured Bitcoin News

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Tesla CEO Elon Musk has taken a stake in Twitter Inc. after stating that he is “giving serious thought” to building a new social media platform — one that prioritizes free speech. An analyst says this could eventually lead to a buyout. Elon Musk’s Stake in Twitter Tesla and Spacex CEO Elon Musk disclosed that he has taken a 9.2% stake in Twitter Inc. in a filing with the U.S. Securities and Exchange Commission (SEC) Monday. The Elon Musk Revocable Trust, for which the Tesla boss is the sole trustee,…

Analyst Still Positive on Stronghold Digital Despite Miss, Citing Miner’s Low Costs

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