- Analiza
- Analiza tržišta
- Mišljenja eksperata
- Bitcoin May Rally Exponentially After Reaching $9000 after Dump
Bitcoin May Rally Exponentially After Reaching $9000 after Dump
The cryptocurrency market has stabilized following a gruesome weekend session, especially on Sunday. Bitcoin dropped like a stone in the air from levels close to $10,000 to the extent that it tested $8,100. The devastating fall rubbed off on other cryptos such as Ethereum and Ripple, which spiralled to $180 and $0.1750 respectively.
Bitcoin bulls quickly took charge of the price following the breakdown and forced a considerable reversal towards $9,000. However, the upward momentum has fizzled out at under $8,900 with the intraday high on Monday forming at $8,812. The existing trend is bullish but the volume remains low. This suggests that buyers could remain in the driver seat, but rapid price actions are unlikely to take place.
Looking at the daily chart, Bitcoin displayed a strongly bullish picture despite the drop. Ascending channel support stayed in place after being stress-tested by the fall. The 200-day SMA also stood firm at $8,000 preventing further breakdown.
The sideways action above $8,700 is reminiscent of the RSI’s horizontal motion at 54. It is commendable that the indicator stayed above average. As long as the levelling continues, a consolidation is likely to take place ahead of the halving on Tuesday.
Following the halving, Bitcoin is expected to rally exponentially. The event is expected to send Bitcoin to new all-time highs. It is the predictions that encourage speculation as investors join the market to capitalize on the expected bull-run. In the meantime, growth above $9,000 would be a welcoming and encouraging picture for investors before the halving takes place.
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
