The #1 CRYPTO TRADING MAGAZINE - 189TH EDITION IS OUT NOW
CRYPTONAIRE WEEKLY MAGAZINE 189TH EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
WEEKLY TOP TRADES, TOP PROJECTS AND MARKET UPDATES
Bitcoin had an eventful first half in 2021. Institutional adoption boosted its price above £47,000 in mid-April but the law of gravitation pulled the price down to £20,000 in mid-May, a 57% drop from the highs. Since then, the price has remained range-bound. The big question troubling investors is whether the downtrend is over or is there one more leg down.
OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE WORLD MOBILE TOKEN: USING BLOCKCHAIN TO CONNECT THE UNCONNECTED & A COMPREHENSIVE GUIDE TO THE SOMEE.SOCIAL PLATFORM
Bitcoin is currently stuck between the 50-day simple moving average (SMA) and £23,620. Although the bulls pushed the price above the 20-day exponential moving average(EMA) on July 4, they could not clear the hurdle at the 50-day SMA. This shows that the bears are not ready to throw in the towel yet.
If bears pull the price below £23,620, the BTC/GBP pair could retest the critical support at £21,000. Repeated retest of a support level tends to weaken it. A break below £21,000 could result in panic selling and the pair could plummet to £15,000.
Therefore, traders who had purchased on the rebound off £21,000 as suggested in our earlier analysis may trail their stops to breakeven.
The flattish 20-day EMA and the bullish divergence on the relative strength index (RSI) indicate a minor advantage to the bulls.
If the price rebounds off £23,620, the bulls will make one more attempt to drive the price above the 50-day SMA. If they succeed, the pair could start its journey toward the £30,000 to £31,005 overhead resistance zone.
Lastly please check out the advancement’s happening in the cryptocurrency world.
[b]Featuring in this weeks Edition:
- Ferrum Network
- World Mobile Network
- The Coop Network
- Somee Social[/b]
CRYPTO TRADE OPPORTUNITIES
Ethereum price can gain 40% on Bitcoin, argues analyst as London fork nears
Cardano (ADA) just got added to this major institutional fund
Jack Dorsey says “No” to ETH, but Twitter Shows Interest With its Free NFTs Displayed on Rarible
Ransomware Group REvil Hacks 200 U.S. Companies, Demands $70M In Bitcoin As Ransom
GAME CHANGING CROSS CHAIN DEFI ECOSYSTEM – FERRUM NETWORK
WORLD MOBILE TOKEN: USING BLOCKCHAIN TO CONNECT THE UNCONNECTED[/i]
#CryptonaireWeekly #platinumcryptoacademy #Binance #Bitcoin #Ethereum #Ripple #Litecoin #AsiaBroadband #WorldMobileToken #CloseCross #TheCoopNetwork #Wasder #FerrumNetwork #Ecosystem #DeFiSwap #Roocoin #Ledger #AmberGroup #DayTrading #BTC #digitalcurrency #AuBit #aubitnetwork #fwt #Freewaytoken #AlohaDeFi #QoinSuit #digitalcurrencymarket #ATANI #DayTrading #Cryptocurrencyexchanges #digitalexchange
0 · Share on Twitter