Google search for Bitcoin hits Dec 2020 levels

Market Update

- BTC dominance sitting on 42% and ranging between 40% to 44% in the last days, we can expect it range there 7-14 days - this means we have consolidation time.
- S&P500 seeing recovery as we write it with bullish divergence and we hope to see it goes up another 3-5% until Friday.
- BTC support level 40k tested almost twice and so far it seems like there are more buyers than sellers there. This does not mean it can not be broken if tested again and in that case we can see BTC back to 36k levels.
- last news about China to bail out Evergrande are positive to market recovery

In conclusion we have signs for optimism, trade safe, use stop losses.

Buy $sushi 10,5$

JPMorgan: Institutional investors are piling into Ethereum, leaving Bitcoin since August

Buy more at 8,2$ and 6,3$ if btc crashes and t gets there. This is a great long term hold. It’s upcoming nft platform has the fonts to compete opensea.

Bitcoin Dominance is testing the trendline and bouncing from there. Bitcoin Dominance is still bullish and with BTC high volatility we see more blood in alts market. Don't go all-in into alts, only hold some good fundamental coins. Dominance will go to 44% levels in next couple of weeks. The major support is 40% and break below will lead to good rally in altcoins. Keep an eye on dominance. Stop loss is must in all trades.

China has blocked access to major cryptocurrency-related websites, including CoinGecko, CoinMarketCap, and TradingView. Several tools that check if China’s internet firewall blocks websites show that these sites are all 100% blocked.

The block follows China’s complete ban on cryptocurrency transactions and is clearly an attempt to limit any access to the market.

SPX is in the free fall! As #BTC correlation with stocks is high, crypto is also tanking

new ฿ daily high: $47,786

#Bitcoin illiquid supply repeatedly hits ATH this month.

Supply is being taken out of circulation, which tends to increase in demand and price will follow most likely.

After a long back and forth moves ETH breaks above the $3000 and just taps the next resistance zone of $3279 - $3360. Price might take pullbacks, as the price is approaching towards 100 MA. As long as the price above $2950) is bullish.

Bitcoin broke the resistance and now trading above it. The next resistance is $50,000-$50,500 area and $52,500-$53,000 area. Market will turn extremely bullish after $53,000 break and BTC will go to make a new all-time high. A break above psychological level of $50,000 will turn the market sentiments bullish. Yesterday BTC give a quick spike to $46,900 and bounced from there. The local support for now is $48,200-$48,600 and $47,300.

Bitcoin dominance reached the 44% level as mentioned and now trading near it. If Dominance break 44% level and hold above it then we see a upward movement towards 45.5%-46% resistance area. This is the reason altcoins are not increased much even after BTC crossed $51,000. The local support for Dominance is 42.8% level and if Bitcoin dominance comes down to retest the support level then we see small rally in altcoins.

Yesterday, $26M of #Bitcoin shorts got liquidated in 10 minutes. When BTC massive pushed above the $55,000. We may also see a long squeeze this weekend.

Since that $30k low on 20 July, institutional investors, those holding at least 1k of bitcoin, have increased their holdings by 172k bitcoin and institutional traders have acquired an additional 68k

ETH is unable to hodl above the $3600 area and broken the zone below. The candle didn't close yet, the price might just wick it off. If the candle closes below then we're expecting a dip till $3300 - $3376, which is a strong support level.

#ADA looks like facing strong sell pressure, unable to break above the resistance zone. Also, the price is testing out 50 period EMA and now, seems like the price will dip back to the support area. Have you bid near the support around $2.00 or below.