Bitcoin [BTC] breaching $4,200 mark influenced market psychology, claims eToro’s Mati Greenspan

2019-4-10 23:30

Mati Greenspan, the Senior Market Analyst at eToro, is in the news again after he suggested that the current cryptocurrency market might be in a state of “limbo”.

During a recent interview with bloxlive.tv, Mati Greenspan claimed that the cryptocurrency market was hinting at the end of the bear cycle. He took the reference of the critical 200 DMA indicator, suggesting that the bear market might have snapped, following Bitcoin [BTC] $5,000 level breach.

The 200 DMA had been taken as resistance during the crypto-winter. However, the line was broken by the recent price surge and was acting as support, at press time. He added that the long-term bearish trend line was also broken during the pump.

With the analysis, Greenspan speculated the end of the long-term bear market. However, he remained cautious about considering the ongoing cryptocurrency trend as a bull run.

He explained that the argument for the collective coin market’s bull run came from the massive pump which occurred within the span of two days.

He added,

“A bull market is defined as a market where the prices are going up steadily over a period of time and are expected to go up in the future. In that sense we don’t have it. Yes, we had momentum building up slowly since early February and there was a pop, but we do not have sustained upward pressure overtime because that only comes with time.”

Additionally, he stressed how important the $4,200 mark was as the coin bounced back from the resistance many times, before finally crossing it during the pump, which could have influenced the “market psychology directly”.

Source: Twitter

Mati Greenspan recently tweeted and charted out Bitcoin’s new resistance level at $5,350. According to him, a breach of the new resistance line will likely confirm dominant buying pressure, fueling a greater Bitcoin pump.

The post Bitcoin [BTC] breaching $4,200 mark influenced market psychology, claims eToro’s Mati Greenspan appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Äîñòóïíî / Âñåãî 0 MASP

market greenspan mati etoro bitcoin cryptocurrency mark

Èñòî÷íèê: ambcrypto.com

market greenspan → Ðåçóëüòàòîâ: 40


Ôîòî:

Cboe Will Not Relist Bitcoin Futures Contracts for March

The Chicago Board Options Exchange (Cboe) announced that it will not list upcoming Cboe Bitcoin (“XBT”) futures contracts for trading in March 2019. The Cboe Futures Exchange said that the company is “assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading,” stating that it has no intention to list additional contracts for trading relating to the cryptocurrency.

2019-3-16 01:00


Ôîòî:

Bitcoin ETFs Will ‘Remain Rejected’ Despite SEC Review, Says Analyst

Bitcoin exchange-traded funds will “remain rejected” despite US regulators ordering a review into why it rejected one of them, a market analyst forecast August 27. 9 ETFs ‘Will Remain Rejected’ In weekly comments on cryptocurrency and traditional markets, Mati Greenspan, CEO of UK-based hybrid trading platform eToro, described the decision to look into the US Securities and Exchange Commission’s (SEC) rejection of the Winklevoss ETF “largely a procedural protest.

2018-8-28 22:00


Ôîòî:

Litecoin (LTC) Compliments Bitcoin and is Currently Massively Discounted, Says Market Analyst

In an exclusive commentary from Mati Greenspan (eToro’s Senior Market Analyst), Ethereum World News was made privy of a new research paper on Litecoin (LTC) by eToro. In the paper, Mr. Greenspan explores Litecoin (LTC) from all angles such as its history, market statistics, technical background, as well as recent and future developments.

2018-8-1 20:03


Ôîòî:

Here Is How Japan Could be Behind the Current Bitcoin (BTC) Rally

In an exclusive commentary by eToro’s Senior Market Analyst, Mati Greenspan, a new theory as to where the new Bitcoin (BTC) volume is coming from has emerged. According to Mr. Greenspan, Bitcoin has held the critical level of $8,000 for more than 40 hours and is an indication of a possible sustainable rally that could […] The post Here Is How Japan Could be Behind the Current Bitcoin (BTC) Rally appeared first on Ethereum World News.

2018-7-26 19:52


Ôîòî:

‘Momentum Is Building On The Chain’: Analyst Says This Bitcoin Rally is Different

This Bitcoin price surge is not like the rest: that’s according to Mati Greenspan, who this week produced new evidence of Bitcoin’s solid underlying health. Interest ‘Not Just On Futures And Exchanges’ In a series of tweets Tuesday and Wednesday, the eToro senior market analyst and cryptocurrency commentator placed the spotlight on tight exchange spreads, activity in East Asia and network usage increases.

2018-7-25 16:00


Mati Greenspan Of eToro Says Cardano is the Most Exciting Cryptocurrency Project at The Moment

eToro, one of the largest social investing platforms has recently published a market research report on Cardano, the blockchain powering the cryptocurrency ADA, and the ADA coin itself. The report is a useful insight for investors, especially in light of Cardano’s often complicated scientific and philosophical ethos.

2018-7-20 18:22


Ôîòî:

Bitcoin Futures ‘Too Small’ to Cause BTC Bear Market

Experts have suggested that the bitcoin futures price effect may be so negligible as to have had almost no impact on the recent BTC price slide. Speaking to Crypto Briefing, Mati Greenspan, a senior market analyst from eToro, explained that in comparison to the volume on prominent exchanges, the BTC futures market was not large enough to […] The post Bitcoin Futures ‘Too Small’ to Cause BTC Bear Market appeared first on Crypto Briefing.

2018-6-30 16:55


Ôîòî:

Bitcoin ‘Boom-Bust Cycle Has Repeated Itself’ – Senior Market Analyst (Interview)

Bitcoinist has once again caught up with Mati Greenspan, Senior Market Analyst at eToro, the most popular social trading platform in the world with millions of users. Greenspan keeps a close eye on cryptocurrency markets and shares his thoughts on the recent Bitcoin price plunge and why he believes this current downtrend nothing out of the ordinary.

2018-6-15 03:00


Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Why Ethereum's DEX volume fell, and how it impacts your ETH holdings

Ethereum’s DEX volume cratered to its lowest level since February. This was due to the general decline in demand for the network. Daily trading volume on Ethereum’s [ETH] decentralized eThe post Why Ethereum's DEX volume fell, and how it impacts your ETH holdings appeared first on AMBCrypto.

Solana congestion continues despite 'normalcy' claims - What's going on?

Solana's transaction confirmation time rose to 10–20 seconds as of this writing. SOL slipped below $150, following a 7% drop in the last 24 hours. A prominent member of Solana [SOL] develoThe post Solana congestion continues despite 'normalcy' claims - What's going on? appeared first on AMBCrypto.

Ethereum starts to rally post Bitcoin halving: Key insights

ETH has risen 6% since the halving day. The total number of accounts longing ETH on Binance rose since halving. Bitcoin [BTC] halving seemed to have exerted significant upward pressure on EtThe post Ethereum starts to rally post Bitcoin halving: Key insights appeared first on AMBCrypto.

Why Ethereum is at a real risk of falling below $3,000

ETH was down more than 16% over the week. Selling pressure was dominant, with no signs of whale accumulation. The world's second-largest cryptocurrency, Ethereum [ETH], was witnessing intensThe post Why Ethereum is at a real risk of falling below $3,000 appeared first on AMBCrypto.

Why did Bitcoin drop last week? Hayes points to US taxes and tensions

Arthur Hayes blames BTC drop on liquidity issues and Middle East tensions.  Middle East tensions remain a key factor in the BTC’s short-term price action.  Bitcoin [BTC] had a positive pThe post Why did Bitcoin drop last week? Hayes points to US taxes and tensions appeared first on AMBCrypto.

How fast can Ethereum recover from its latest dip? Key indicators say...

Ethereum’s social activity has risen in the past 24 hours. However, bearish sentiments continue to climb. Leading altcoin Ethereum [ETH] has seen a spike in social activity following reporThe post How fast can Ethereum recover from its latest dip? Key indicators say... appeared first on AMBCrypto.

Bitcoin's $109M outflow: A dip in demand or something else?

The latest figures turned the tide after two consecutive week of inflows. Bitcoin accounted for 86% of the total inflows. Digital asset investment products recorded minor outflows last week,The post Bitcoin's $109M outflow: A dip in demand or something else? appeared first on AMBCrypto.