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submitted by /u/Mental_Phone9920 [link] [comments]
submitted by /u/Mental_Phone9920 [link] [comments]
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Despite betting that NFTs will surpass Bitcoin, Kevin O’Leary said he will hedge his bets and invest on âboth sidesâ of the equation.
In last 24 hours while we all are waiting for a breakout, $725 million US Dollars have been liquidated. Last week were in 'extreme fear' at 48k. Today, if we reach the same price point, we all will be bullish. In my honest opinion, I know this is quite a rough start to the year,…
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Bitcoin declined sharply below the $45,500 support against the US Dollar. BTC could recover, but upsides might be limited above $45,000. Bitcoin gained pace below the key $45,500 support zone. The price is trading below $45,000 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $46,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start recovery, but the bears might remain active near the $45,000 zone. Bitcoin Price Dives 5% Bitcoin price failed to clear the $47,500 resistance zone and started a major decline. BTC declined heavily below the $46,000 and $45,00 levels. The bears even pushed the price below the $43,500 level. A low is formed near $42,505 and the price is now consolidating losses. It is trading near the $43,500 level. It is facing resistance near the 23.6% Fib retracement level of the key decline from the $47,066 swing high to $42,505 low. Bitcoin is trading below $45,000 and the 100 hourly simple moving average. An initial resistance is near the $44,000 level. The first major resistance on the upside is near the $44,800 level. The 50% Fib retracement level of the key decline from the $47,066 swing high to $42,505 low is also near the $44,800 level. Besides, there is a crucial bearish trend line forming with resistance near $46,800 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com A clear move above the $44,800 resistance zone could send the price towards the trend line. The next major resistance is near the $45,600 pivot zone. A close above $45,600 is needed for a fresh increase in the near term. More Losses In BTC? If bitcoin fails to recover above $44,800, it could continue to move down. An immediate support is near the $43,000 zone. The first major support is near $42,500. A downside break below the $42,500 level could push the price further lower. In the stated case, the price may possibly decline towards the $41,000 level in the coming sessions. The next major support is near the $40,000 level. Technical indicators: Hourly MACD â The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) â The RSI for BTC/USD is well below the 50 level. Major Support Levels â $43,000, followed by $42,500. Major Resistance Levels â $44,000, $44,800 and $45,600.
Itâs no surprise that the FED was bound to raise rates even though they preached they wouldnât until 2023. Released from their transcripts today and caught everyone by surprise. Well now itâs happening in March. This is why youâre seeing a sell off. Every market will be affected by this. Once interest rates are raised…
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The total monthly active developers measured hit a record high of more than 18,000 but Ethereum retains the largest number of them.
El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran government explained. El Salvador Drafting Legal Framework for Bitcoin Bonds El Salvadorâs finance minister, Alejandro Zelaya, said in an [âŚ]