Bitcoin dominance cycle suggests the 2017 crypto rally could repeat

Bitcoin dominance patterns are showing similar lows and an eerie resemblance to 2017. So what does this suggest for BTC price?



from Cointelegraph.com News https://ift.tt/3p1fBjW
via IFTTT

Kommentare

Kommentar veröffentlichen

Beliebte Posts aus diesem Blog

Central Bank of Spain To Prioritize the Design and Study of a CBDC

The Central Bank of Spain published its Strategic Plan for 2020-2024, describing the objectives and strategies it will follow to boost its economy and adapt the country’s finances to the requirements of the modern era, and a CBDC is one of its priorities. The digital world is stealing the attention of the Spaniards. In its “ Analysis and research priorities for the Banco de España: 2020-2024 “, the Central Bank said it will prioritize the study of the legal, technological and financial framework surrounding the issuance of a possible CBDC to optimize the efficiency of banking processes. Publicamos las prioridades de análisis e investigación del @BancoDeEspana para 2020-2024 en el contexto de nuestro #PlanEstratégico https://t.co/dGbwsx7adc El gobernador #bdeHdeCos lo explica 📽️ https://t.co/81br6OLqpk #bdePrensa pic.twitter.com/iXFdUXPwGf — Banco de España (@BancoDeEspana) October 16, 2020 A Spanish Currency on a Cadena de Bloques ? In a chapter dedicated to the developme...
Mehr anzeigen

Bitcoin Price Analysis: Huge Price Move Coming Up? Yes, According To These Indicators

Bild
Before the weekend, we saw Bitcoin trading safely and easily on its way to $10,000. However, on our recent analysis two days ago, we had pointed out on some indicators that might put some bearish pressure on the cryptocurrency. Since then, we saw a correction of almost $300 down to a current daily low of $9130 (Bitstamp rate). On the bigger time-frame, in case this correction doesn’t go lower, it seems very healthy for the short-term since this level is a little above the 38.2% Fibonacci retracement level of the recent bullish move. As of writing these lines, Bitcoin had recovered nicely, and now the coin is back again inside the $9300 – $9400 confluence price zone. Overall, the short-term is still seeking for correction – unless the current 4-hour’s candle will close above the marked ascending trend-line (on the following chart, roughly around $9380); however, on the bigger time-frame, Bitcoin is on the right track North. In any case, Bollinger Bands, along with the declining dail...
Mehr anzeigen