Bitcoin Trading Gripped By Negative Mood
Bitcoin trading is currently correcting upwards in the price chart but the technical indication is that more downside is on the cards. Regardless, the current mood of negativity does not promote buying behavior, but its increased intensity, over the weekend, implies that a decline bottom may be near. 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: 04h21 UTC. BTC-China 1-Hour Chart. From the analysis pages of xbt.social, earlier today:....
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Bitcoin price is caught in a negative social mood. Trading below the critical $400 level, and descending, what can we say? Price is drawing lower beneath its 200-period moving average. It is not clear if we’ll see $300 eventually, but negative mood pulls the king of commodities lower. The amount of money invested in Bitcoin Core is large. Silicon Valley seems to think that they can disrupt that investment with a nilly-willy fork. That’s not clear thinking. Censorship-resistance means that Bitcoin Core remains a permanent feature and Classic(TM) and Unlimited will never succeed, like the....
Bitcoin price reversed to the downside after a failed attempt on the resistance ceiling. As it turns out there are negative elements among the Core developers – further biasing price to the downside. Negative social mood will pull any commodity down. Last night, a tranquil Saturday night on the Andaman sea, I sent the following truncated message to the Bitcoin-developers list: Sincere gratitude to the core developers and all Core contributors. Despite pervasive negative social mood towards this group and its productive output, Bitcoin continues to improve in its security, the efficiency of....
Bitcoin, the world’s leading crypto, has been spared from a recent negative occurrence that gripped the digital currency market. Crypto outflows took a breather last week, providing a glimmer of hope for an industry grappling with prolonged negative sentiment. According to recent data, digital-asset investment products saw $11.2 million flow out of the market, marking […]
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CME futures data combines with numbers from derivatives platforms to suggest that investors are getting less fearful. Bitcoin (BTC) traders may be nervous going into the Federal Reserve rate hike decision, but research suggests that the bulls are broadly gaining ground.In a fresh update on July 26, analytics firm Arcane Research flagged what it calls "improving" sentiment among institutional traders.Caution mixed with "improving sentiment"While attention has focused on the likelihood of a deeper macro low for BTC/USD to come, it appears that not every investor cohort is ready to run for....