Uncertainty Between Traders Leads to Escalation on the BTC/USD Market
Traders’ expectations during the last week were not entirely certain, but quite predictable. The initiative was taken from sellers by buyers and vice-versa. Finally settling on a long-term level of $400-390, highlighted long before the downward trend, the buyers have seized the advantage. This is caused by buyers closing their deals. The Bitcoin price was more or less certain in its upward trend. Fortifying on the medium-term resistance of $409, which was mentioned several times before, the buyers have held this mark, which yet again provoked sellers into closing their positions. At the....
Related News
GALA was one of Tuesday’s big gainers, as cryptocurrency markets were once again trending upwards. Overall, the cryptocurrency market capitalization is around 4% higher as of writing. Biggest gainers On Tuesday, crypto markets were green across the board, as traders once again re-entered the marketplace following the uncertainty caused by the tensions between Russia and Ukraine. Gala (GALA) was one of these bulls, climbing by as much as 16% earlier in the session, however it was qtum (QTUM) which led today’s gainers. QTUM/USD, which was trading at a low of $6.33 on Monday,....
Bitcoin traders are preparing for a jam-packed and potentially turbulent week. From looming tariffs to whale-sized BTC bid activity, here are five major factors that market participants need to keep on their radar. #1 US Tariffs Poised To Escalate On April 2 The global stage is bracing for what US President Donald Trump has dubbed “Liberation Day” on April 2. According to The Kobeissi Letter (@KobeissiLetter), the administration’s plan for “reciprocal tariffs” promises to be a watershed moment in ongoing international trade disputes. “President Trump has been discussing this Wednesday,....
A newly released study on the relationship between bitcoin and global uncertainty finds that bitcoin acts positively to uncertainty. Analyzing a lengthy period from the 17th of March, 2011, to the 7th of October, 2016 by using the VIX index, a widely used key market risk indicator that reflects market sentiment and investor expectation of 14 countries, Brazil, Canada, China, France, Germany, India, Japan, Mexico, Russia, South Africa, Sweden, Switzerland, the UK and the US, the study concludes: “Bitcoin is shown to serve as a hedge against uncertainty at the extreme ends of the Bitcoin....
Bitcoin (BTC) and the entire cryptocurrency market are currently caught in a sideways trading pattern, leaving investors grappling with uncertainty. In a market where prices can swing dramatically in a matter of minutes, such stability can be unsettling for traders. However, renowned crypto analyst Michaël van de Poppe, known for his insightful predictions, offers a […]
Traders believe Bitcoin (BTC) is gearing for a “monster rally,” as the market sees heightened levels of FUD. The term FUD is an abbreviation for fear, uncertainty, and doubt. Traders often use this term when the market sentiment suddenly turns negative after a series of pessimistic events. But, Bitcoin tends to recover when FUD in […]