VRB News
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
VRB News
No Result
View All Result
Home IT news

Ethereum and Altcoins Are Recovering – Is Bitcoin Catching Up?

admin by admin
June 28, 2022
in IT news
0
Bitcoin Ethereum Kursanalyse
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter
  • Bitcoin managed a weak recovery and the BTC price remains in a sideways movement.
  • At the same time, Ethereum and various altcoins were able to record a significant price increase.
  • There is a risk that this is only a temporary effect and not soil formation.

Bitcoin is showing weakness, while altcoins and tokens have managed to make up some ground this week. But the impression of a recovery is deceptive, because without a strong signal from the Bitcoin, the “alts” are also on shaky feet.

Although it has been possible to recapture the 20,000 US dollar mark, that alone is not enough to be able to speak of a bottoming out. At the same time, however, Bitcoin has not yet experienced a real bear market rally since the massive price slump. And this circumstance could provide exciting developments in the coming week.

The constant that makes it stand out is the close correlation with the stock market, because here, too, a more positive picture emerged this week. So if it stays that way and especially the tech and US stocks should continue to recover, then this probably also applies to Bitcoin.

What speaks for a bear market rally?

If the bulls can start properly next week, one should be particularly attentive when reaching the mark of 25.5000 US dollars and 28.500 US dollars. Because here are two possible resistances that invite you to either take profits from long positions or offer yourself for the bears to build up short positions.

For a bear market rally, Bitcoin has fallen below the 200 MA line on the weekly chart. Historically, this marked the bottom of the last two bear markets. The RSI is also at a historic low.

What speaks for a continuation of the bearish trend?

The current situation suggests that the sale could come to an end, but equally it is not only the technical market data that should be paid attention to. Because the debacle around Celsius, the crash of Terra and the decline of Three Arrows Capital cast a long shadow.

The miners also seem to be challenged by the overall situation. It is probably ongoing loans that could pose a risk for you. Therefore, it could be tight even for larger companies. Initial sales, such as in the case of bitfarms, have already taken place to secure liquidity. Equally, however, the hashrate remains relatively stable. Either the worst is yet to come or the miner capitulation will result in sell-offs, but no bankruptcies.

Even with BlockFi and Voyager Digital, it seems that the last word has not yet been spoken. All in all, there are still many risks left that could bring the course to its knees again. In addition to the difficulties of the crypto market, there is the problem of inflation and the dilemma of central banks. So you can identify many internal and external risks that could lead to further sales.

The articles published on our website reflect the personal opinion of the editors and their personal assessment of the market situation. They do not constitute investment advice or recommendations. All publications are for information purposes only. They are not adapted to your individual situation and cannot and should not replace personal and qualified investment advice with qualified advisors. Trading cryptocurrencies is always a risk. If you use the information offered here or follow advice, you act on your own responsibility.

Previous Post

Can the Bitcoin price continue the upward movement?

Next Post

Vireio will improve compatibility with AMD graphics

admin

admin

Related Posts

Schriftzug Bankrupt
IT news

Nuri insolvent – What happens to the wallets and funds?

August 12, 2022
Spinncloud – Trapped in the mills of bureaucracy
IT news

Spinncloud – Trapped in the mills of bureaucracy

August 12, 2022
IT news

Samsung would be preparing a 4K screen for August

August 12, 2022
Thomas Kehl
IT news

3 Questions for Thomas von Finanzfluss – What Does He Think of Crypto?

August 12, 2022
 Samsung shows Galaxy Z Fold 4 and Z Flip 4
IT news

 Samsung shows Galaxy Z Fold 4 and Z Flip 4

August 12, 2022
Next Post
Vireio will improve compatibility with AMD graphics

Vireio will improve compatibility with AMD graphics

Premium Content

Battlefront 2 could have virtual reality content

Battlefront 2 could have virtual reality content

March 29, 2022
BricksVR-a LEGO-inspired game

BricksVR-a LEGO-inspired game

June 15, 2021
Marui updates its VR plug-in for Maya Submitted by the community

Marui updates its VR plug-in for Maya Submitted by the community

December 7, 2021

Browse by Category

  • Games
  • IT news
  • Tech
  • World
VRB News

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • Nuri insolvent – What happens to the wallets and funds?
  • Spinncloud – Trapped in the mills of bureaucracy
  • Samsung would be preparing a 4K screen for August

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?