Bitcoin (BTC) ETF FOMO Likely To Suppress Upcoming Altcoin Rally

2018-7-20 17:00

Bitcoin (BTC) may not be as strong as the crypto community seems to believe. The recent ETF FOMO has certainly convinced many that the correction is over and Bitcoin (BTC) is ready to take off.

However the fact remains that the BTC/USD chart above is anything but bullish. The price action looks weak and Bitcoin (BTC) is resisting a pullback but it cannot hold on for long. Wave trend seems to have run into a resistance on the daily chart for Bitcoin/US Dollar and the Inverse Fischer Transform Stochastic signals a big pullback in the near future.

Continue reading Bitcoin (BTC) ETF FOMO Likely To Suppress Upcoming Altcoin Rally at Crypto Daily™.

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$ 87396.13 (+0.34%)
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Источник: cryptodaily.co.uk

btc bitcoin → Результатов: 126


Фото:

Bitcoin bulls need 2 things: Positive BTC ETF flows and to reclaim $112,500

Bitcoin (BTC) trades at $101,328 as of press time, erasing the 2. 3% recovery that had briefly pushed the price to $103,885 the day before. The breakdown confirms what on-chain data has been telegraphing about demand momentum fading, long-term holders selling into weakness, and the market testing structural supports last seen during mid-cycle corrections.

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