Vertigo3d
By Elior Manier
A thesis of failed opportunities by sellers to send the crypto market to correct lower had been a sign of a potential move to new all-time highs, which just happened on Thursday.
Cryptocurrencies are in
Bitcoin Reaches Fresh All-Time High In Market-Wide Breakout - What's Next? (Technical Analysis)
Summary
- Cryptocurrencies are in a frenzy, and this happens after months of muted performance and range-bound markets despite the cryptos’ tendency to generate lots of market movement.
- Daily Bitcoin charts are showing decent strength in the most recent moves up - particularly after war fears failed to create a strong reversal in prices. The latest gap down just breaching the $100,000 mark quickly got bought by dip buyers.
- With Bitcoin making all-time highs, it might drag up other altcoins with it. Some names like ADA, SUI, XRP and others are getting lifted by the newfound bullish sentiment.
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.