Highly anticipated cryptocurrency traders have stated that digital assets are approaching the end of a bear market, while Bitcoin (BTC) is experiencing a decline.According to analysts, Bitcoin is entering a long trading position
Highly anticipated cryptocurrency traders have stated that digital assets are approaching the end of a bear market, while Bitcoin (BTC) is experiencing a decline.
According to analysts, Bitcoin is entering a long trading position.
Bitcoin has entered a potential bull market. I'm starting to buy some here and let's take a look at tomorrow's CPI (Consumer Price Index) trend. The US dollar and yield have fallen, while the Nasdaq index and gold have risen. Bitcoin has fallen behind
According to the trader, Bitcoin has not yet shown significant strength.
Bitcoin has not shown strength. The upward momentum ultimately rejected $27000, so we may test some lower levels before a reversal occurs
Considering the Bitcoin Dominance Index (BTC. D), which measures the proportion of Bitcoin to total market value, VandePoppe represents BTC D is retesting the 200 week moving average index (EMA).
The dominant position of Bitcoin has been retested for the second time at 200-EMA. Last cycle, this identified a potential top. I think we are close to this point, which means that BTC also needs to stabilize within 1-2 weeks
At the time of writing this article, the value of BTC was $26697.
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