The Predictive Analysis of The Crypto Market For The Second Week of April 2022. Could bulls clear the overhead hurdle in Bitcoin and select altcoins and extend the strong recovery from the lows? Could Bitcoin bounce back sharply due to whale buying? Will select altcoins also turn higher in the short term? These are the questions … Read more
Bitcoin (BTC) has accelerated its uptrend as the market is adopting a risk-on approach. This, therefore, means that looking for higher beta alt-coins is wise, aiming to find strength in the market. There are four different cycles the market goes through whilst rising, one of which is the meme-coin cycle.
This week has brought more pumps to the market by exploding the market cap to $2.26 trillion. We began to see the emergence of a lot altcoins like Ride doing 15x and Gal doing 10x return on investment. This has made fuel come to memecoins as they started to gain momentum and having a parabolic … Read more
Bitcoin whales make notable entrance into the market. Bitcoin whales have been returning massively to the market after a protracted hiatus. Whale wallets, specifically wallets holding over 1000 BTC, are returning in their droves to the market. Cryptocurrency market cap now above $2,1 trillion. Bitcoin’s Price Could Target $54,000 according to Bloomberg Bitcoin Analysis After … Read more
The crypto-economy has been sliding in value during the last few weeks as the current market valuation for all 13,000+ crypto assets is $1.93 trillion. There has been a lot of crypto dip as more people are getting bearish. Bitcoin Fear and Greed Index shows 31 – indicating “fear” in the crypto market as the … Read more
Macroeconomic factors still affect the market, while spot volume is low, and the Open Interest rate has grown very little. But the major question is whether this is a buying opportunity, similar to Jun-July 2021, or the bottom is not yet here. At present, the bitcoin dominance is 40% and the total market cap of the crypto market is $1.82 Trillion.
The crypto-economy has been sliding in value during the last few days as the current market valuation for all 13,000+ crypto assets is $1.83 trillion. There has been a lot of crypto dip as more people are getting bearish. Bitcoin Fear and Greed Index shows 26, indicating “fear” in the crypto market as the Russia-Ukraine war continues.
All top cryptocurrencies have suffered significant losses, following the current Bitcoin’s crash from $45,000 level to the $34,700 area. Ethereum followed BTC, going below $2,500. Also, Bitcoin Fear and Greed Index shows 26, indicating “fear” in the crypto market due to the Russia-Ukraine war. 83,000 individual trading accounts suffered losses, with the largest liquidation order occurring on BitMEX for a bitcoin futures trade valued at over $7.95 million.
2021 is indeed an amazing year for Bitcoin and the entire crypto space as it experienced a good bull run coupled with remarkable success of making Bitcoin a legal tender in countries like El-Salvador. As the year runs to an end, institutional investors, retail investors, and traders are curious to know where Bitcoin is heading, especially with its steady downtrends from the middle of November till now.
Predictive Analyses of The Crypto Market for Week of Bitcoin As of the moment of writing, Bitcoin is trading between $48k and $50k having experienced a retracement – which may continue for some days. It started this week at $50k as against the analyses of most traders. From a monthly timeframe, the weeks in December … Read more