Friday, December 9, 2022

CRYPRO NEWS – Bitcoin Price at $30K Heading for First Green Week After 9 in Red


CRYPRO NEWS – Bitcoin Price at $30K Heading for First Green Week After 9 in Red
00:01 Intro
01:12 Crypto News Today
02:08 Bitcoin News Today
03:15 Ethereum News
04:27 Bitcoin Te
Although bitcoin continues to struggle below $30,000, the cryptocurrency is actually close to breaking its nine-week-long negative weekly streak. At the same time, some altcoins, such as Solana and Avalanche, have registered impressive recoveries today.

Bitcoin to Stop the Negative Weekly Streak?
Following the end of March, when BTC had spiked by more than $10,000 in just 14 days, the asset began what it later became its longest retracement in terms of weekly candles.

At the start of May, bitcoin equaled the previous record of 6 consecutive red candles before it broke it and registered its 9th last week. Within this timeframe, the asset lost roughly $20,000 of its value and dumped to a year-and-a-half low.

BTC closed last week at $29,250 (on Bitstamp), at which point it bounced off and even jumped to over $32,000 days ago. However, it failed there and has returned below $30,000 as of now. Nevertheless, it’s still several hundred dollars above $29,250, meaning that it’s on the verge of breaking the negative streak.

Sitting close to $30,000 now means that BTC’s market cap is still around $565 billion, while its dominance over the alts is above 46%.



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15 comments

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  • The amount of verified information you bring is tremendous.. <This for me is the best case scenario on bitcoin due to the rejection and 3 wave confirmation. <If bitcoin price can close above $31k, then BTC has a very open path to hit the $37k value area. <Additionally, the 2022 volume profile is very thin, between $32-$37k if bulls want to send a message to the market that a new uptrend is about to begin, then they will need to push Bitcoin price to a daily close near $44k. <Macro factors are demanding further downside, as the impact of inflation and geopolitical strife is clearly felt on equities markets. Until BTC reclaims the key moving averages these are considered distribution rallies used to sell the rip or add to short positions…But whatever you lose in a macro downtrend, you'll gain multiples back in a macro uptrend. All you have to do is pay attention to the markets when they are ultra bearish. Everyone was super bullish on the markets, but now the markets start to correct, and the fear takes over, as retail trader at these volatile times I keep profiting regardless using accurate trade signals from Burwell Coleman my portfolio have been on a rise although the rates are capricious wiping out some of my profits i still have about 11.74' btc! worth of crypto assets. <There might be so many investments out there but if profits must be considered, which is actually the sole aim of every Investment then I’ll advice you to go into crypto tradiing because it has higher profit returns. You can reach out to Mr Burwell on <ͲeIєɠɾαm his personal handle is @burwellcoleman..

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  • I’m of <the opinion that those who leave it to market dynamics to determine when to trade or not are either new to the Market or are probably just naïve. The market has seen far worse times than this, enlightened traders are taking advantage of the dip even more towards trading sessions. My advice to new investors: More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market. Trading went smooth for me as I was able to trade over 4.5 BTC when I started at 2 BTC in just about 6 weeks of implementing trades with signals and insights from expert Allen Raymond…

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