Altcoins News
By Dan Saada
1 / 11
The price of the Bitcoin went below $5,380 and $5,200 in support versus the USD. A selling trend is widespread in the market at $5,160 and $5,200.
2 / 11
After the tether event, the price of Bitcoin settled below $5,380 versus USD. The BTC might likely consolidate in the short-term before a new decrease at $5,000.
3 / 11
Despite the few negative signs, the MACD is currently in the bullish zone. The Hourly (Relative Strength Index) is moving higher towards the 50 levels.
4 / 11
Tether reserves have led to the overall cryptocurrency market to plummet leading the investors to panic.
5 / 11
The market is moving towards new lows. And crypto investors are rushing to sell their crypto due to panic.
6 / 11
Tether has printed nearly $300 million of the stable coin, thus creating a magnetic effect on the market anytime Tether was added or removed.
7 / 11
Analysts have to say that we should ignore the Tether induced Bitcoin to sell-off. This is because the Bitcoin is already storming into the bull market.
8 / 11
Tom Lee stated, “Bitcoin crossed above its 200-day moving average on April 1. That’s a big technical hurdle to cover.
9 / 11
There is an increase in trading activity levels by 60% to 70%. The increases are actually taking off.
10 / 11
“Fundamentals are improving, technical are improving, and now there’s real activity by essentially crypto HODLERs.” This is a sign of global crypto adoption.
11 / 11
People in several countries are not interested in using their local currency. Lee stated, “Look I don’t trust using the local currency.
The Currency Analytics
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