Bitcoin Price Weekly Analysis - GOLD Alternative?
Key Highlights. Bitcoin price surged higher and moved above a few critical resistances as there were inflows noted for the digital currencies due to the risk off sentiment. The price is well above the 100 simple moving average on the 4-hours chart, which is a positive signal. Bitcoin inflows suggest that the digital currencies started taking advantage of the risk off sentiment. A gold alternative approach? We stated in the previous weekly analysis suggested that the Bitcoin price might trade higher and clear an important hurdle around 250.00 to surge higher. There was a clear break above a....
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The price of Polkadot (DOT) shows strength after bouncing from key support on the weekly chart against Tether (USDT). After Bitcoin (BTC) bounced from its monthly low of $19,000, this signaled a relief for other crypto altcoins including the price of Polkadot. (Data feeds from Binance) Related Reading: SOL Loses $40 After The Exploit – What’s The Next Support? Price Analysis Of Polkadot On The Weekly (1W) Chart From the chart, the price of DOT saw a weekly low of around $6.50, where it has formed support. The price has built more momentum as it faces resistance at $10. A break above....
Hedge fund manager Paul Singer is reportedly "shocked" by bitcoin's increase in price and rise in popularity, according to a CNBC report. In a letter to investors at the $23.3 billion Elliott Management firm, Singer advised investors to look into gold if they were interested in an alternative currency: "If you want an alternative currency, check out gold. It has stood the test of thousands of years as a store of value and medium of exchange," he wrote. "Better yet, it is not just a computer entry in the ether somewhere, and it is currently available at a good price. Bitcoin and its....
Bitcoin price, over the weekend, unfolded five declining subwaves and should now advance. The prevailing pattern of price shows similarities to a pattern at the end of January (prior to consolidation) and another in mid-February (prior to advance). This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 04h45 UTC. Bitfinex 15-Minute Chart. From the analysis pages of xbt.social, earlier today: Bitcoin price has made five declining subwaves and....