1234infos
    Facebook Twitter Instagram YouTube
    Saturday, May 28
    Facebook Twitter Instagram LinkedIn YouTube RSS
    1234infos
    • Cryptocurrency News
      • Bitcoin News
      • Ethereum News
      • Binance Coin News
      • Ripple News
      • Altcoin News
      • Dogecoin News
      • Litecoin News
    • Blockchain News
    • Cryptocurrency Exchanges
    • Technologies
    • Crypto Guide
    • en English
      af Afrikaanssq Albanianam Amharicar Arabichy Armenianaz Azerbaijanieu Basquebe Belarusianbn Bengalibs Bosnianbg Bulgarianca Catalanceb Cebuanony Chichewazh-CN Chinese (Simplified)zh-TW Chinese (Traditional)co Corsicanhr Croatiancs Czechda Danishnl Dutchen Englisheo Esperantoet Estoniantl Filipinofi Finnishfr Frenchfy Frisiangl Galicianka Georgiande Germanel Greekgu Gujaratiht Haitian Creoleha Hausahaw Hawaiianiw Hebrewhi Hindihmn Hmonghu Hungarianis Icelandicig Igboid Indonesianga Irishit Italianja Japanesejw Javanesekn Kannadakk Kazakhkm Khmerko Koreanku Kurdish (Kurmanji)ky Kyrgyzlo Laola Latinlv Latvianlt Lithuanianlb Luxembourgishmk Macedonianmg Malagasyms Malayml Malayalammt Maltesemi Maorimr Marathimn Mongolianmy Myanmar (Burmese)ne Nepalino Norwegianps Pashtofa Persianpl Polishpt Portuguesepa Punjabiro Romanianru Russiansm Samoangd Scottish Gaelicsr Serbianst Sesothosn Shonasd Sindhisi Sinhalask Slovaksl Slovenianso Somalies Spanishsu Sudanesesw Swahilisv Swedishtg Tajikta Tamilte Teluguth Thaitr Turkishuk Ukrainianur Urduuz Uzbekvi Vietnamesecy Welshxh Xhosayi Yiddishyo Yorubazu Zulu
    1234infos
    Home » Bitcoin price in line for ‘impulsive bounce’ as Solana (SOL) leads altcoin surge

    Bitcoin price in line for ‘impulsive bounce’ as Solana (SOL) leads altcoin surge

    0
    By umer shafi on September 9, 2021 Litecoin News

    Bitcoin (BTC) volatility is again overdue, and one analyst is favoring an “impulsive” move toward $50,000.

    Trader: “Chill and wait” for Bitcoin breakout

    Data from Cointelegraph Markets Pro and Trading View showed BTC/USD continuing to circle $46,000 on Thursd as an eerie calm lingered over the market. 

    Tuesday saw mass upheaval as a cascade of unwound positions sparked a huge $9,000 daily loss for Bitcoin, something analysts have since pinned on overleveraged traders.

    While the event’s lows of $42,800 have not been retested, a breakdown is not off the cards, popular trader Crypto Ed says.

    “Looks like a bullish pennant to me…Impulsive bounce followed by consolidation,” he summarized alongside an updated chart Wednesday.

    “Chill and wait for the break out. Wrong when it breaks down.”

    With expectations thus skewed to the upside, fellow trader and analyst Rekt Capital eyed an ongoing retest of Bitcoin’s 50-day exponential moving average (EMA) as a potential game-changer.

    “This is the first time that BTC is retesting the blue 50-day EMA as support, after having reclaimed it as support in late July,” he noted.

    “The 50-day EMA is useful for understanding bullish momentum as it tends to support established uptrends.” 

    Altcoins recover as Solana passes $200

    Improved performance across major altcoins, meanwhile, is giving hope to the bullish short-term case for Bitcoin.

    Related: Price analysis 9/8: BTC, ETH, ADA, BNB, XRP, SOL, DOGE, DOT, UNI, BCH

    While BTC/USD has stayed broadly flat overnight, all of the top 10 cryptocurrencies by market capitalization have posted solid gains of at least 4%.

    Ether (ETH) added 4.5% to circle $3,470 at the time of writing, while Cardano (ADA) recovered above $2.50.

    Still outshining the pack, however, is Solana (SOL), now trading above $200 on 32% gains in just 24 hours.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    NOUVELLES CONNEXES

    As Bitcoin debuts in El Salvador, Honduras and Guatemala study CBDCs

    Multicoin Capital leads Eden Network’s $17.4M seed raise

    One in four US teens would buy crypto if given money to invest, survey finds

    Comments are closed.

    Final Editied by manger373
    Recent Posts
    • DeFi Land raises $4.1M to launch decentralized finance game on Solana
    • The Bitcoin metric that flipped green just before $50K BTC price bull run is back
    • The largest cryptocurrency exchange in Spain is ready to take its platform global
    • US crypto exchange CrossTower expands to India
    • Solana rally mimicking Ethereum? Why a $500 SOL price target could be ‘conservative’
    Archives
    • September 2021
    • August 2021
    • June 2021
    • May 2021
    Categories
    • Art
    • Articles
    • Binance Coin News
    • Bitcoin News
    • Blockchain News
    • Champs
    • Crypto Guide
    • Cryptocurrency Exchanges
    • Cryptocurrency News
    • Culture
    • Dogecoin News
    • Economy
    • Ethereum News
    • Fields
    • Football
    • Freedom
    • Health
    • Internationale
    • Lifestyle
    • Litecoin News
    • More
    • News coverage
    • Photos
    • Politics
    • Sciences
    • Sports
    • Technologies
    • Technology
    • The technology
    About
    About

    Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

    We're social, connect with us:

    Facebook Twitter Instagram YouTube LinkedIn RSS
    Popular Post
    September 9, 2021

    DeFi Land raises $4.1M to launch decentralized finance game on Solana

    September 9, 2021

    The Bitcoin metric that flipped green just before $50K BTC price bull run is back

    Flickr Photos
    Ascend
    terns
    casual
    riders on the storm
    chairman
    mood
    monument
    liquid cancer
    blue
    basement
    ditch
    stars
    Subscribe To Newsletter

    Email


    Copyright © 2022. by 1234infos.com
    • Home
    • Contact us
    • Privacy Policy
    • Terms and conditions

    Type above and press Enter to search. Press Esc to cancel.