Nov 29, · Bitcoin’s dominance index, in comparison with the 7,+ crypto assets’ market caps, is currently just above the 63% handle. The entire crypto-economy on Sunday, November 29, , is hovering around $ billion and there’s roughly $ billion in global trade volume today. 1 day ago · Bitcoin daily chart alert - Normal pause in strong bull market - Dec. Jim Wyckoff Wednesday December 23, Kitco News. Share this article: Kitco News has launched its Outlook, which offers the most comprehensive coverage of precious metals markets in the new year. Trillions of dollars were pumped into financial markets in. Sep 21, · In the short term, some traders are considering both bearish and bullish scenarios for Bitcoin. Several traders say that if Bitcoin loses the $10, support convincingly, it could see a larger.
Bitcoin bull marketBitcoin Bull Market Corrections Examined: What To Expect When Crypto Corrects
US dollar index crash has fallen more than 10 percent from its mid-March peak. But the prospects of economic recovery are improving. That adds downside pressure on the US dollar. It is already down by more than 4 percent against a basket of foreign currencies this year. A weaker dollar prediction could lead major firms to rethink their capital allocation strategy.
While institutions often take positions for the long-term, lasting as long as five, ten, or twenty years and beyond. This also makes their buy-in price irregardless at current levels given their position sizes and targets five to ten years out, when Bitcoin could be worth millions per coin. The need for low prices is negligible for investors of this size, but even they are calculated risk-takers and are more likely to enter when the cryptocurrency finally corrects.
This could lead to any crashes being bought up extremely fast by hands that will be less likely to sell in the near term future, which means the next impulse will be stronger for it. I'm Tony Spilotro. I pride myself on the fact my content is research-driven, educational, and entertaining, offering the crypto audience an unmatched value. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.
We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. Home Technical analysis BTC. Reading Time: 3min read. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza! Play Now! Tweet Share. Could you be next big winner?