Bitcoin (BTC/USD) Will Not Crash Below $36,000, Asserts Forex Analyst
The forex analyst highlighted higher accumulation near the said price level by the richest 100 bitcoin wallet holders.
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An ongoing bull run in the Bitcoin market might extend until the price hits $60,000-64,000 area, asserts an independent analyst. The pseudonymous entity tweeted Wednesday that BTC/USD needs to hold support above $42,000 to validate its prolonged bullish setup. On the other hand, slipping below the said price floor would signal bearish deviation. “As long […]
A recent wild run-up in the Bitcoin market faces risks of faltering as traders hesitate to buy the cryptocurrency at higher rates, asserts Marc Principato.
Online Forex trading has become very popular in recent years. It is a very attractive market for traders because it offers several advantages. Since the Forex Markets never sleeps, trading goes on all around the world during different countries' business hours, meaning that trading is always available. Forex has also become one attractive investment for Bitcoin holders, and many of them are now starting to trade in Forex Markets. Because forex is a $5.3 trillion-a-day market, with most trading concentrated in only a few currencies, there are always a lot of people trading. There are a lot....
Bitcoin has shown an extreme resilience against bears that want to crash its spot rate below $10,000. And an on-chain analyst explains why. Forex professional Cole Garner issued a string of tweets earlier Tuesday to illustrate a divergence between Bitcoin’s bearish price moves and its growing network activity last week. The cryptocurrency fell to as low as $10,427 on Thursday. In the same period, its total active addresses soared above 22,000, its highest level in […]
Forex-Metal now allows customers to trade against the price of bitcoins and litecoins. Note: This is a sponsored story. Forex-Metal, a Forex and CFD broker, has announced that they will be adding the availability of Bitcoin and Litecoin trading instruments on their Forex platform. The availability of exposure to the Bitcoin price on traditional Forex exchanges is something that many people have been pointing at when it comes to creating a more stable price, and Forex-Metal is one of the first companies in their industry to offer this kind of unique method of trading assets based on the....