Resource: Coinpedia.org
10 months ago
Date: 07 Apr 2022 - 05:30

The post Can BitcoinBTC Price Surge Above 50k by MidApril Heres What Traders Can Expect appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideBitcoin BTC has dropped 4 in the last 24 hours although technical indicators suggest that support around 4000043000 could help to stabilize the weeklong price drop. Meanwhile alternative cryptocurrencies altcoins such as ether ETH fell 5 RUNE fell 14 and DOGE fell 11.Despite the recent cryptocurrency downturn the Luna Foundation Guard continues to accumulate bitcoin.For quite some time the price of bitcoin has been stabilizing above 44500. Even the 1 April downtick failed to breach this level of support bolstering the optimistic picture.Regardless BTC has been devoid of volatility for the past week or two and has not risen higher. However two onchain indicators show that the large crypto is poised for a violent surge to the upside and that it will likely hit a key psychological threshold by the end of the week.Possibilities Of Bitcoin price Hitting 50kSince the closing price of the 28 March candlestick Bitcoin has been locked below a descending trend line. Any attempt to break through this barrier has been unsuccessful. However starting March 28 drawing trend lines linking the candlestick bodies of the swing highs and swing lows produces a symmetrical triangle.By measuring the distance between the first swing high and low and adding it to the breakout point this technical formation predicts a 7 upswing to 50000. If Bitcoin price breaks out to the upside at around 46685 it will suggest a positive breakout and lead to a rise to 50000.Also Read This is Why It Is the Right Time to Accumulate Bitcoin For LongTermInterested investors should keep a close eye on the breakout and position themselves properly. In a strongly optimistic scenario when BTC rises beyond the psychological mark of 50000 this rally has a significant possibility of reaching 53000. BTCs upward trend has been halted at this level.nbspThe recent drop in open interest exhibited on BitMEX supports the bullishness of the Bitcoin price from a technical standpoint. The Bitcoin price has soared dramatically the last three times the open interest tagged 365000.As a result the current retest is a buy signal particularly if history holds true. This onchain measure indicates that BTC will rally swiftly with the 50000 barrier as the first target.Furthermore the 365day Market Value to Realized Value MVRV mode is above zero indicating that investors are not losing money and that a selloff is unlikely. This metric is intended to determine the average profitloss of investors who bought BTC in the previous year.nbsp

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USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
101.49 $ 0 % 33.28 Billion $
0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

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MERCO one of the leading fund management banks in the global community that works on endtoend digitized format is seen aggressively acquiring cryptoholdings. With a prediction of an incoming bull run amidst current market conditions big digital assetbased management banks like MERCO are making aggressive acquisitions of cryptoholdings and assets. The bank has a history of quick revenue growth and

The post Analyst warns Terra Classic Traders 8211 LUNC Price Due To Massive Crash In Coming Days appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideWith a value increase of 50.58 Friday Terra Classic LUNC surprised everyone by emerging as one of the top 100 gainers in the cryptocurrency market. LUNC has been rising for four days in a row and has increased by 77.36 over t

BTC bears aim for a 360 million profit in July 29s 1.76 billion monthly options expiry but the FOMC interest rate decision could play a decisive factor.

The host of popular crypto market commentary show Coin Bureau says that he is still bullish on the outlook for gaming altcoins that can leverage the hype generated by nonfungible tokens NFTs. Speaking in a new YouTube video host Guy told followers that he has been watching the GameFi market with great interest. Guy argued

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Macau one of Chinas special administrative regions recently concluded discussing a bill that seeks to make digital currencies legal tender a report has said. The report also suggested that individuals who reject or refuse to accept legal tender will be fined between 123 and 1230. Improving Macaus Legal SystemAn executive council of Macau an autonomous region on Chinas south coast recently complete

Musk wants free speech but isnt trying to make Twitter a freeforall hellscape.

The crypto industry is lobbying U.S. lawmakers against two bills aimed at preventing Russian oligarchs from using cryptocurrency to avoid sanctions. The U.S. and many other countries placed sanctions on them after Russia began its invasion of Ukraine.Bills Preventing Wealthy Russians From Using Crypto to Avoid SanctionsThe Blockchain Association has been lobbying U.S. lawmakers against two bills d

President Nayib Bukele of El Salvador has unveiled development plans for the countrys planned Bitcoin City shortly after the nation made its latest BTC purchase.Bukele Moving Ahead With Bitcoin City ProjectThe El Salvadoran President showed pictures of the architectural model via a Twitter thread saying the 8220City is coming along beautifully.8221While details were sparse with no mention of a com

Solana SOL is the best performing asset in the crypto top 10 by market cap. The market seems to be positively reacting to Solana Labs smartphone announcement as the cryptocurrency is surging faster than other assets in this tanking.Related Reading Bitcoin Whale Presence On Derivatives Still High More Volatility AheadAt the time of writing SOLs price trades at 42 with a 12 and 36 profit in the last

Russian prime minister Mikhail Mishustin has said that Russians have spent close to 10 trillion rubles 130 billion on cryptocurrency.He made this statement while speaking on government TV and Moscow journalist Jonny Tickle shared it on Twitter. If true this might confirm the belief by authorities in the US that Russia could turn to crypto.Russian Prime Minister Mishustin says Russians have already

Given the unique positioning of the crypto mining market Texas officials believe miners can participate in demand response programs which involve turning off miners power during peak demand.

Wall Street suffered Monday morning as the major U.S. stock indexes dropped further building on losses gathered last week. Reports indicate that investors are concerned about the upcoming Federal Reserve rate hikes and Chinas recent Covid19 outbreak. As equities floundered on Monday the crypto economy slid under the 2 trillion mark and gold prices dropped 1.6 against the U.S. dollar during the pas