Bitcoin Diverges From Falling Equities With $500 Price Rise

Trader Who Predicted $2,500 Bitcoin Rally Warns of Pullback Here’s Why Crypto Market Overview: Bitcoin Bulls Ready - April 2019 Bitcoin Pulls Back After Hitting $5000 USD - Why This Is A GOOD Thing! Is BITCOIN a Good Hedge Against Inflation? (Fundamental Value Investor POV) This is going to sound crazy guys: $5,000 bitcoin could be a chip shot…

BTC never cease to surprise us. A new flashcrash happened a few hours ago, this time in the Bitcoin market of the popular Exchange Kraken (XBT). In less than 5 minutes, BTC lost more than $1000 of its value. The peculiar event took place on April 25, 2019 at 16:45. The price dropped from 5465.3 USD to 4357.1 USD, filling a large number of purchase orders at unusually low prices. The bull’s failure at the key hurdle, coupled with consecutive weekly candles with long upper shadows pointing to “sell on rise” mentality, indicates the path of least resistance is to the downside. Bitcoin would likely slide back toward $5,000 if the buyers fail to defend the Asian session low of $5,850. Source: CoinGecko. Not since 2017’s bull run has Bitcoin received the amount of attention it’s been getting in the last few months. The price rally, fiery congressional debates, and renewed interest in various digital currency technologies were all unexpected. Furthermore, the market remained unmoved by Bitcoin’s sharp correction which returned to ride the green candles of worldwide ... Bitcoin rose by 7 percent early on Monday even as the risk-off mood returned to the traditional markets. Bitcoin Diverges From Falling Equities With $500 Price Rise Home Bitcoin would likely slide back toward $5,000 if the buyers fail to defend the Asian session low of $5,850. The outlook as per the weekly chart would turn bullish if and when prices find ...

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Trader Who Predicted $2,500 Bitcoin Rally Warns of Pullback Here’s Why

The price of bitcoin surged more than 15 percent Tuesday and briefly crossed the $5,000 mark for the first time since mid-November. It’s still well below the all-time high it hit in December ... But here’s what’s driving bitcoin’s MAP cycle: ease of use. The U.S. Securities and Exchange Commission will decide whether to approve the first exchange-traded fund (ETF) for bitcoin by ... Thomas Thorntown of Hedge Fund Telemetry recently pointed out that per his Demark Sequential Countdown, which called Bitcoin’s $6,400 bottom, the indicator is printing a potential sell candle ... The Blockchain Insiders discuss Bitcoin's rally over $5,000 and how new hedge fund (LP) money flowing into cryptocurrency will make for a potential opportunity for BTC bulls. There are now 50 cryptocurrency hedge funds as Bitcoin surpasses Netflix and PayPal in market cap and is coming up on Morgan Stanley which is truly a sign of the times we live in, where ...

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