#Bitcoin dominance rate has hit seven-month high of 46% (highest since December 20).
BTC price rally accompanied by a rise in BTC dominance rate >> meaning investors are betting on BTC rally and not merely buying BTC to pour money into altcoins.
BTC price rally accompanied by a rise in BTC dominance rate >> meaning investors are betting on BTC rally and not merely buying BTC to pour money into altcoins.
CryptoBullet
BTC crosses $8k, dominance was seen above 47%. Level to watch out is $8050
As soon as BTC broke through 8050, the next candles rose above 8200 🚀
📌 SEC Delays Decision on Asset Manager's Bitcoin ETFs Until September
The U.S. Securities and Exchange Commission (SEC) has delayed making a decision on whether to approve five bitcoin-related exchange-traded funds (ETFs) until September.
However, multiple ETF applications & the most awaited one is still under consideration. You see ETF is a speculator’s dream trigger
The U.S. Securities and Exchange Commission (SEC) has delayed making a decision on whether to approve five bitcoin-related exchange-traded funds (ETFs) until September.
However, multiple ETF applications & the most awaited one is still under consideration. You see ETF is a speculator’s dream trigger
❗️Analysis ❗️
We are now very very close to the death cross between 30 and 50 MAs. Can it lead to the new ATH? It's possible, but it's unlikely. It is very possible for the price of BTC to move into it setting up a high probability short trade. And at this point that it's the most likely outcome.
Nevertheless we are in a bear market. It will take a lot more than one good week to get you out of a bear market. 80% probability that the June’s low is not gonna be the low for the year.
Don't think the bear market has ended as long as we are still below the prior high.
Last time we had the 30 MA crossing below the 50 MA was in August 2014. Even though the price rebounded a lot before the cross, now we are in a situation where it looks like we're rebounding into the cross.
In 2014 we had a big rebound from 275 all the way to 460 (65%). That's a pretty good bounce, and that still led to new lows. So, do not go crazy here. After the cross Bitcoin didn't do very good.
We are now very very close to the death cross between 30 and 50 MAs. Can it lead to the new ATH? It's possible, but it's unlikely. It is very possible for the price of BTC to move into it setting up a high probability short trade. And at this point that it's the most likely outcome.
Nevertheless we are in a bear market. It will take a lot more than one good week to get you out of a bear market. 80% probability that the June’s low is not gonna be the low for the year.
Don't think the bear market has ended as long as we are still below the prior high.
Last time we had the 30 MA crossing below the 50 MA was in August 2014. Even though the price rebounded a lot before the cross, now we are in a situation where it looks like we're rebounding into the cross.
In 2014 we had a big rebound from 275 all the way to 460 (65%). That's a pretty good bounce, and that still led to new lows. So, do not go crazy here. After the cross Bitcoin didn't do very good.
📰 BREAKING: U.S. SEC rejects the Winklevoss’ twins second attempt at applying for a Bitcoin ETF
That's why we're falling again.
That's why we're falling again.
While #Bitcoin recovered from the lows, have a look at some of the mainstream ALTs. Something is cooking
In addition Parabolic SAR suggesting reversal.
In order to likely confirm #BTC bearish to bullish trend change, weekly candle must close above 50 Week MA.
In order to likely confirm #BTC bearish to bullish trend change, weekly candle must close above 50 Week MA.
#XMR/BTC closed its most 4-hour volume in over three months according to the Bittrex exchange - the last mark was set April, 25th.
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