Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: ramarajs14 on August 08, 2021, 03:51:41 PM
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Over the past couple of weeks, the crypto market seems to be making a speedy recovery. After the dip a couple of months ago, the crypto market has either remained stagnant or was growing steadily. At the moment, it seems that the industry may finally be on the up and up again.
At the time of writing, the price of Bitcoin (BTC) stands at $45,119.95. Over the past 24 hours, the price of Bitcoin is up by 4.4% and up by 8.4% over the past week. At the moment, Bitcoin’s market cap is at $848,526,855.705.
Read more: Bitcoin Hits $45k — Is the Crypto Market Back on Track (https://coinquora.com/bitcoin-hits-45k-is-the-crypto-market-back-on-track/)
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I'll prefer to closely monitor the crossover between 20 & 50 weekly MA indicators as it could be dead cat bounce, just like i said many times previously. But bulls can break the previous history if market surges again and bounce back to $55k or more, IMHO. So be careful with trading and use stop-loss to avoid losses. ;)
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I have been following the market trends especially that of Bitcoin to know the next move since the Cryptocurrency market having a rapid recovery as of yesterday Bitcoin price was $44k dollars but in the recent fall Bitcoin price drops to 43k dollars, although people are still selling while some actually investing in as much the market is in bullish shape.