CRYPTONAIRE WEEKLY MAGAZINE 220TH EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
220th Latest Crypto News Digital Magazine
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖Bitcoin and Ether prices have rebounded sharply and are leading the recovery in the crypto markets. The total crypto market capitalization which had dropped to about
$1.5 trillion on January 24 has recovered above $2 trillion, according to Coinmarketcap.
CoinShares weekly Digital Asset Fund Flows report showed inflows of $85 million in the week ending February 04. Bitcoin products garnered the majority of the inflows
at $71 million, the largest since early December. This shows that investor sentiment continues to improve.
KPMG Canada has added Bitcoin and Ether to its corporate treasury following major companies, hedge funds and family-run offices in diversifying their portfolio
with digital assets.
We had mentioned in our previous analysis that if Bitcoin holds the next dip above £26,000, it will indicate a bottom formation and that is what happened.
The BTC/GBP pair turned down from £29,000 on February 2 but the bulls successfully defended the £26,000 support. The pair rebounded off £26,649.75 on February 3 and buyers pushed the price above the overhead resistance on February 4.
The 20-day simple moving average (SMA) has flattened out and the relative strength index (RSI) has jumped into the positive zone, indicating buyers a slight edge.
If bulls sustain the price above £32,382.23, the pair could challenge the critical resistance at £34,031.76. A break above this resistance could open the doors for a rally to £36,000.
However, we anticipate the bears to mount a strong resistance in the zone between £32,382.23 and £34,031.76. If the price turns down from this zone, the pair could
drop to the 20-day SMA. The next dip is likely to provide a low-risk buying opportunity to long-term investors.
Lastly please check out the advancement’s happening in the cryptocurrency world.
Enjoy the issue!
Featuring in this weeks Edition:
- Chosen Ones
- Jimizz
- Funganomics
- Faith Tribe
- Mandala Exchange
- Mine Network
- Onino
- Hubble ProtocolRead More
CRYPTO TRADE OPPORTUNITIES
Bitcoin bulls look to push price above $45K to validate bullish trend reversal
Crypto Economy Recaptures $2 Trillion, Bitcoin Moves Back Into the World's Top 10 Most Valuable Assets
KPMG Canada Adds Crypto to Its Balance Sheet
Coinbase, FTX and Crypto.com All Dishing Out Millions for Super Bowl Ads
Jacquie & Michel launches its own crypto-currency!
bitcci: IEO & Listing on 1st March, 2022
Mandala Exchange: Transforming Your Trading Experience
Mine Network: The First Multi-Chain Hash-Rate Token Protocol
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Topic: CRYPTONAIRE WEEKLY MAGAZINE 220TH EDITION IS OUT NOW (Read 235 times)