Bitcoin avoids sharp bull or bear moves at Easter as KevinSvenson_ warns against putting all your eggs in one basket.
showed BTC/USD acting in a narrowing range with $40,700 as its ceiling Saturday and Sunday.
With Monday likewise a non-trading day, Bitcoin was set for four days of"out-of-hours" trading. While that meant its stocks correlation mattered less, there were other forces at play ready to spook sentiment. Analyzing derivatives moves over the weekend, Deribit Insights, the research arm of trading platform Deribit, flagged liquidity as one consideration influencing real-time investor decisions.Perhaps they are concerned about Spot/deriv market manipulation over an illiquid weekend.— Deribit Insights A slight zoom-out from popular trader and commentator Pentoshi meanwhile delivered a more wary perspective.
"Below bias is for re-distribution and another leg down. Think buyers need to step in pretty quickly."Pentoshi was meanwhile not the only voice predicting long-term gain but short-term pain for Bitcoin — a narrative, which had gathered momentum throughout 2022.Analyzing market movements, Kevin Svenson, well known on social media for his bullish sentiment on BTC, warned that current chart behavior was mimicking the period just before Bitcoin's bear market crash in late 2018.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Biggest Movers: WAVES, GMT, and EOS Among Big Gainers on Easter Weekend – Market Updates Bitcoin NewsFollowing recent declines in price, WAVES climbed higher to start the weekend, as crypto markets moved marginally higher.
Weiterlesen »
Holy Name Cathedral holds Easter Vigil Mass, marking the resurrection of Jesus ChristThe Holy Week events continue with the Easter Vigil Mass at Holy Name Cathedral Saturday night.
Weiterlesen »
Crowds throng Seville as curb-free Easter processions return to SpainFor the first time since the COVID-19 pandemic began, crowds thronged the streets of Seville as one of Spain's most iconic Easter processions wound its way through the city from midnight free of social distancing curbs.
Weiterlesen »
Temps to linger in the 50s Friday ahead of an unseasonably cold Easter weekendWinds won’t be anywhere near as strong as Thursday but it will still be breezy. Skies will be mostly but not entirely cloudy with a small chance for a few sprinkles.
Weiterlesen »
Easter holiday bus crash in eastern Zimbabwe takes 35 livesMUTARE, Zimbabwe (AP) — A bus carrying worshippers traveling to an Easter pilgrimage in mountainous eastern Zimbabwe plunged into a gorge, killing 35 people in the early hours of Friday. The bus was overloaded with 106 passengers and veered off the winding road near Chimanimani and hurtled into a deep ravine, police said.
Weiterlesen »
Increasing coverage of rain, storms for Easter weekendHigh humidity, increasing clouds, temperatures near 80 degrees this afternoon.
Weiterlesen »