JPMorgan Says Institutional Investors Are Replacing Gold With Bitcoin
"Bitcoin's allure as an inflation hedge" is drawing institutional investors back to the crypto market, JPMorgan's Nikolaos Panigirtzoglou wrote in an Oct. 6 research note to clients.
Panigirtzoglou pointed to "The failure of gold to respond in recent weeks to heightened concerns over inflation" as a possible driver of the return to bitcoin.
"Bitcoin's allure as an inflation hedge" is drawing institutional investors back to the crypto market, JPMorgan's Nikolaos Panigirtzoglou wrote in an Oct. 6 research note to clients.
Panigirtzoglou pointed to "The failure of gold to respond in recent weeks to heightened concerns over inflation" as a possible driver of the return to bitcoin.
BTC update:
BTC is making a similar move here. According to our previous update, BTC bounced after the retest and it is still holding the levels.
Currently, we can see that BTC is maintaining the 21 MA support level and if it follows the previous momentum then BTC could easily reach $58k to $60k.
Keeping in mind that RSI is making a bearish divergence in 4 hours TF which happened before as well but things went bullish.
Will BTC turn out to be bullish again or will it fall bad?
If BTC breaks above the $56k level and the weekly close is above it then we can consider some bullish rally coming in but if it breaks below the 50 MA then things may turn bearish.
Altcoins are still in the no trade zone. So, stay on guard with your trades.
Stay tuned.
BTC is making a similar move here. According to our previous update, BTC bounced after the retest and it is still holding the levels.
Currently, we can see that BTC is maintaining the 21 MA support level and if it follows the previous momentum then BTC could easily reach $58k to $60k.
Keeping in mind that RSI is making a bearish divergence in 4 hours TF which happened before as well but things went bullish.
Will BTC turn out to be bullish again or will it fall bad?
If BTC breaks above the $56k level and the weekly close is above it then we can consider some bullish rally coming in but if it breaks below the 50 MA then things may turn bearish.
Altcoins are still in the no trade zone. So, stay on guard with your trades.
Stay tuned.
https://coingape.com/breaking-china-looking-to-formulate-laws-to-convict-crypto-behaviour/
The Chinese judiciary is now looking to formulate laws to convict and sentence crypto-related activities.
The Chinese judiciary is now looking to formulate laws to convict and sentence crypto-related activities.
Coingape
Breaking: China looking to Formulate Laws to Convict “Crypto Behaviour”
China's crackdown on cryptocurrencies doesn't seem to see an end as the Central Bank deemed all crypto transactions illegal at the start of the year. The s
Pro Analysis
BTC update: BTC is making a similar move here. According to our previous update, BTC bounced after the retest and it is still holding the levels. Currently, we can see that BTC is maintaining the 21 MA support level and if it follows the previous momentum…
BTC Quick Update:
BTC broke out as expected and currently retesting the 21 MA. It must hold this level to rally higher. A break down below 21 MA will possibly drop the price to the lower support which is ranging between $53700 to $54400.
We don't want this to happen but if BTC further drops below the above mentioned support levels then BTC could fall back to $51k, $49k, or even $47k.
The 4 hours candle will close after 3 hours and we expect a bounce from this level.
Stay vigilant with your trades if you guys have opened any.
BTC broke out as expected and currently retesting the 21 MA. It must hold this level to rally higher. A break down below 21 MA will possibly drop the price to the lower support which is ranging between $53700 to $54400.
We don't want this to happen but if BTC further drops below the above mentioned support levels then BTC could fall back to $51k, $49k, or even $47k.
The 4 hours candle will close after 3 hours and we expect a bounce from this level.
Stay vigilant with your trades if you guys have opened any.
Public bitcoin mining firms based in North America are holding more than 20,000 bitcoin, worth more than $1.1 billion.
Recently China bans Crypto mining and that's the biggest opportunity for bitcoin miners to capitalize around the world. One country’s ban is another country’s hash.
Data from Foundry USA, one of the largest mining pools in the world with 9-10% of hash rate, shows the United States has nearly a third of global hash rate with New York, Texas, Kentucky and Georgia amongst the top mining states in their mining pool.
Recently China bans Crypto mining and that's the biggest opportunity for bitcoin miners to capitalize around the world. One country’s ban is another country’s hash.
Data from Foundry USA, one of the largest mining pools in the world with 9-10% of hash rate, shows the United States has nearly a third of global hash rate with New York, Texas, Kentucky and Georgia amongst the top mining states in their mining pool.
Quick update on BTC price in 2 hours TF:
Well! Well! Well! What do we have here?
In our previous update we clearly mentioned that BTC was testing the 21 MA support level and breaking down below it will drop the price between $53700 to $54400 (where we had our support). Guess what, BTC dropped $53955, and bounced back hard.
The daily close was above $57k which was amazing.
Now, as the candle made some dramatic changes, it formed a new trendline and it shows that BTC has another resistance to break which is at $58700 to $59k. Once we break above it then $60k won't be far away.
A rejection from this level will show some downward consolidation.
Stay tuned for more quality updates.
Well! Well! Well! What do we have here?
In our previous update we clearly mentioned that BTC was testing the 21 MA support level and breaking down below it will drop the price between $53700 to $54400 (where we had our support). Guess what, BTC dropped $53955, and bounced back hard.
The daily close was above $57k which was amazing.
Now, as the candle made some dramatic changes, it formed a new trendline and it shows that BTC has another resistance to break which is at $58700 to $59k. Once we break above it then $60k won't be far away.
A rejection from this level will show some downward consolidation.
Stay tuned for more quality updates.
Pro Analysis
Quick update on BTC price in 2 hours TF: Well! Well! Well! What do we have here? In our previous update we clearly mentioned that BTC was testing the 21 MA support level and breaking down below it will drop the price between $53700 to $54400 (where we had…
BTC Update:
'And it's happening'...
Finally! BTC broke above the trendline which we mentioned in our previous post. $59400, that's the level BTC must hold on to carry it's rally towards $60k.
We were patiently been waiting for this moment and finally it's here.
We can expect BTC breaking it's ATH soon but we also need to keep in mind that there is a strong resistance here at $59k to $60k levels.
Stay tuned, guys.
'And it's happening'...
Finally! BTC broke above the trendline which we mentioned in our previous post. $59400, that's the level BTC must hold on to carry it's rally towards $60k.
We were patiently been waiting for this moment and finally it's here.
We can expect BTC breaking it's ATH soon but we also need to keep in mind that there is a strong resistance here at $59k to $60k levels.
Stay tuned, guys.
Guys, Buy ZIL at CMP!!!
Looks realy good here.
Will post the chart in a while.
Looks realy good here.
Will post the chart in a while.
LINA/USDT trade setup:
LINA already broke up and done with the retest but it is still under our accumulation zone. You can add some now to avoid missing out this trade or you can wait for the retest.
Entry: $0.05305 to $0.05484
Targets:
$0.05677
$0.05867
$0.06109
SL: $0.04847
BTD to average your entry and use low lev with close SL.
LINA already broke up and done with the retest but it is still under our accumulation zone. You can add some now to avoid missing out this trade or you can wait for the retest.
Entry: $0.05305 to $0.05484
Targets:
$0.05677
$0.05867
$0.06109
SL: $0.04847
BTD to average your entry and use low lev with close SL.
Pro Analysis
LINA/USDT trade setup: LINA already broke up and done with the retest but it is still under our accumulation zone. You can add some now to avoid missing out this trade or you can wait for the retest. Entry: $0.05305 to $0.05484 Targets: $0.05677 $0.05867…
LINA/USDT PROFIT UPDATE:-
Target 1✅
Target2✅
Target3✅
16% up from our entry without any leverage.
Congratulations, enjoy the profit.
Target 1✅
Target2✅
Target3✅
16% up from our entry without any leverage.
Congratulations, enjoy the profit.
Pro Analysis
BTC Update: 'And it's happening'... Finally! BTC broke above the trendline which we mentioned in our previous post. $59400, that's the level BTC must hold on to carry it's rally towards $60k. We were patiently been waiting for this moment and finally it's…
IS IT A RETEST?
That's the first question we must ask after viewing this chart.
Welcome to this BTC update on 2 hours TF.
BTC is by far doing exceptionally great and according to our analysis BTC is at the retest and soon we may possibly see a rally towards its all time high. The daily close was above $60800 which is a good thing. We are close to the weekly close and the only thing that is bothering us is the rejection below this upper trendline ($60500) which is a strong support (previously a resistance). BTC must maintain this level to stay bullish.
We are prepared for this rally! Are you???
We will update more on this until then stay tuned.
That's the first question we must ask after viewing this chart.
Welcome to this BTC update on 2 hours TF.
BTC is by far doing exceptionally great and according to our analysis BTC is at the retest and soon we may possibly see a rally towards its all time high. The daily close was above $60800 which is a good thing. We are close to the weekly close and the only thing that is bothering us is the rejection below this upper trendline ($60500) which is a strong support (previously a resistance). BTC must maintain this level to stay bullish.
We are prepared for this rally! Are you???
We will update more on this until then stay tuned.
Pro Analysis
1000SHIB/USDT Trade Setup: 1000SHIB looks bullish here. Expecting 50% growth from the current accumulation range. Entry: $0.024773 to $0.026388 Target 1: $0.027874 Target 2: $0.029786 Target 3: $0.032156 Target 4: $0.035407 Stop Loss: $0.02276 Accumulate…
1000SHIB profit update:
Target 1 ✅
Target 2 Almost
Target 3 & 4 Pending...
Target 1 ✅
Target 2 Almost
Target 3 & 4 Pending...