Business & Investment

BTC, NEAR, ATOM, FTM, FTT

BTC, NEAR, ATOM, FTM, FTT

Bitcoin (BTC) It is trying to stop its decline and recover with some other cryptocurrencies. Some traders were concerned about the massive sale of Bitcoin. Still, Capriole CEO Charles Edwards said Bitcoin’s worst crash was “due to miners’ surrender (December 2018 and March 2020) when BTC fell below production costs.” I did. However, the current production cost of Bitcoin is $ 34,000, which is significantly lower than the current price.

Cathie Wood’s Ark Invest has purchased 6.93 million shares of a specific acquisition company that will merge with Circle, the lead operator of USD Coin (USDC) and the second largest stablecoin by market capitalization.

BTC / USDT

Over the past few days, bulls have struggled to push Bitcoin above the 20-day moving average ($ 44,415), but the minor positive is that buyers haven’t given up too much. This means that the bulls are buying with a slight decline. If the buyer pushes the price above the 20-day EMA and keeps it there, it indicates the possibility of a change in the trend. The BTC / USDT pair may then recover to a 50-day simple moving average, and the bear may again provide firm resistance. Breaking and closing above this resistance level can rise to $ 52,088.

In contrast to this assumption, if the price does not exceed the 20-day EMA, the sentiment is still negative, indicating that the trader is selling in the rally.

NEAR / USDT

NEAR tokens in the NEAR protocol are on the rise. On January 11, prices surpassed a record high of $ 17.95, indicating a resumption of the uptrend. On January 12, the bear reduced the price to less than $ 17.95, but the Bulls bought a dip and regained the level on January 13.

ATOM / USDT

Cosmos (ATOM) seeks to form the opposite head and shoulder pattern. It culminates in a breakout and closes beyond overhead resistance at $ 44.80. Rising moving averages and the overbought RSI indicate that the route with the least resistance is up.

Alternatively, if the price breaks through overhead resistance, the ATOM / USDT pair could fall to a 20-day moving average ($ 36). Bulls need to adhere to this important level. If the price bounces off this level, the bulls will push the pair above overhead resistance and resume the uptrend.

FTM / USDT

Bears may try to stop the rally at $ 3.48, but if the Bulls push prices above this level, the next leg of the uptrend could begin. The uptrend can reach $ 4 first before moving on to the pattern target of $ 5.11.

In contrast to this assumption, if the price falls from overhead resistance, the bear will try to reduce the FTM / USDT pair to the 20-day EMA ($ 2.62). Even if prices rise from this level, sentiment is positive and traders are buying dips.

FTT / USDT

The moving average is about to cross over to the upside and the RSI has risen above 64 after forming a positive divergence. This indicates that the bull is resurrected. If the price remains above the downtrend line, the FTT / USDT pair can reach $ 53.50.

In contrast to this assumption, if prices fall from current levels and fall below the moving averages, it indicates that the breakout was a bullish trap. You can reduce the cost to $ 33.76. Breaks and ends below this support level can drop to $ 24.

post BTC, NEAR, ATOM, FTM, FTT First appeared FinanceBrokerage..

BTC, NEAR, ATOM, FTM, FTT

https://www.financebrokerage.com/btc-near-atom-ftm-ftt/ BTC, NEAR, ATOM, FTM, FTT

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