Bitcoin Price and Technical Market Analysis May 3rd, 2020
Buyers have a closed the daily candle above the range $8700-8850. Fixing above $9200-9400, the next target is $10,500. The critical point of the current trend of growth is $7700-8000. Yesterday, there was a fight for a key local range $8700-8850 on Bitcoin market. Throughout the day, buyers were dominating, preventing sellers from even approaching […]
Investors Using Bitcoin As Hedge Against Central Bank Money Printing
Trillions of USD of money printing has the potential to significantly devalue fiat currencies worldwide Grayscale, which is the largest crypto asset manager in the world, has released a report titled ‘Quantitative Tightening‘ which describes how Bitcoin will be used as a hedge against Central Bank money printing and the devaluation of fiat currencies. Amid […]
Bitcoin Price and Technical Market Analysis May 2nd, 2020
Market participants continue to get into a power play in the range $8700-8850. Fixing below $8700, sellers will continue to fall to $8400. An alternative scenario is the test of $9200-9400. Yesterday’s trading day on Bitcoin market was in the expected price stop in the range $8675-8900. At the beginning of the day, Bitcoin price […]
