Why Bitcoin below $60K could be a great buying opportunity
Bitcoin seems to be losing steam as it trades back and forth between $59,000 and $60,000. In the daily chart, BTC is moving sideways (0.3%) after a week with modest gains of 4.9%. Trader Josh Rager has set support for BTC at $59,000. Holding this level could give it enough momentum to retest the $60,600 […]
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Ethereum price of Ethereum has recently fallen below the $2,000 mark in recent days. While some people may see this as something to be worried about, others see it as an opportunity to buy as many coins as possible. More specifically, whales see this as a big buying opportunity for them and they’re using this […]
Bitcoin has never been so far below where stock-to-flow predictions call for it to be. Bitcoin (BTC) has never been as far below its target price as it is now, the stock-to-flow model shows this week.In a tweet on July 10, Lex Moskovski, chief investment officer at Moskovski Capital, showed stock-to-flow flagging a historic moment in Bitcoin's twelve-year lifetime."Great buying opportunity"With BTC/USD showing few signs of a genuine bullish recovery, the pair has been drifting ever further from the price that the stock-to-flow price model calculates it should have.Stock-to-flow is arguably....
Zcash (ZEC) was treading a bearish route along with other altcoins, having shaved off as much as 14% in the past few days. Zcash loses 14% last week but opens up an increased buying opportunity Awesome Oscillators looks bullish ZEC’s RSI at 42 On-chain metrics have shown a glimpse of a buying opportunity with a hint of a downtrend. Now, will the bulls pull it off and haul the price back to $66? Zcash Fibonacci retracement levels have hovered up from $55 to $92.6, showing an 83.4% retracement level, which is close to the key support zone of $58. In June, the $55 to $58 zone emerged to be a....
Bitcoin “A great buying opportunity,” says Lex Moskovski, investment director of Moskovski Capital. His tweet indicates the stock-to-flow model marking a historic moment in the twelve years of the digital coin’s life. Moskovki’s tweet signals a profitable future for investors, as the data show bitcoin has never been as low as where stock-to-flow forecasts should […]
Jesse Powell, the CEO of the popular crypto exchange Kraken, has said that Bitcoin under $40K would be a good buy, while also predicting that the dollar will go to zero. Bitcoin’s Fall Is A Buying Opportunity If the price of Bitcoin falls below $40,000, Kraken CEO Jesse Powell says the present downward pressure would provide another purchasing opportunity for investors. The Kraken CEO discussed the crypto market in an interview with Bloomberg TV, revisiting his former prediction that BTC will climb to $100,000 by the end of the year. “But I think a lot of people see anything under....