TA: Bitcoin Recovers Losses But Here’s Why $41.5K Could Prevent Gains
Bitcoin extended decline below the $39,000 level against the US Dollar. BTC found support near the $38,550 zone and started a strong recovery wave. Bitcoin extended decline below the $39,250 and $39,000 levels before it found support. The price is now trading above $40,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $40,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $41,500 resistance zone to start a major upward move. Bitcoin Price Still Faces Hurdles Bitcoin price followed....
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Bitcoin bounced back from the high area of around $30,000, and trends to the upside of its current range. The first crypto by market cap managed to trace back its weekend losses and returned to the $40,000 area. Related Reading | TA: Bitcoin Recovers Losses But Here’s Why $41.5K Could Prevent Gains At the time of writing, Bitcoin trades at $41,600 with a 6% and 5% profit in the last 24-hours and 7-day, respectively. The general sentiment in the market seems optimistic as BTC’s price was able to push back the bears’ fresh assault and prevent further losses. The $38,000 to $39,000 area....
To attract and retain the interest of institutional traders, we need advanced risk management tools that can maximize gains for investors. Risk management is a vital element of success for any trader in any market. No matter the size of the capital you’re trading with or investing in, losses are going to be inevitable, particularly in highly volatile markets like cryptocurrency. Learning how to manage risk to minimize losses is vital. Yet, it’s also necessary to master risk management in order to ensure maximum gains. After all, the more you’re willing to risk, the greater the potential....
The Distributed Autonomous Organization (DAO), a smart contract on the Ethereum blockchain that has raised 11.5 million Ether, has some design issues that could cause investors to act in ways that could undermine the project. Three individuals, Dino Mark, Vlad Zamfir and Emin Gun Sirer, have called for a moratorium on proposals to prevent losses to the DAO. The DAO is the largest crowdfunding event in history. A white paper analyzes the rules of the DAO and examines problems in its design that could motivate investors to act strategically, meaning in opposition to truthful voting to reveal....
Bitcoin had lost its footing above $20,000 at the start of the week, sparking uncertainty among investors who had previously believed that the price of bitcoin was in a recovery trend. This decline saw more sell-offs in the space, albeit to a lesser extent than previously recorded. With the digital asset now starting on another recovery trend though, traders who had bet against its ability to move upward are finding themselves in very unpleasant situations. Bitcoin Short Traders Suffer Losses Bitcoin had begun to recover just after the CPI had shown that the United States inflation rate....
Bitcoin (BTC) dwindled below the $20,000 mark Wednesday but despite the losses; quite a significant number of shareholders have significant gains to boot. Around 47% of BTC holders earned profits, while 52% incurred losses Bitcoin traded below the $20,000 Wednesday As they say, there is no way you can lose with the king of crypto. […]