The dreaded Bitcoin death cross has finally formed with the MA-50 line crossing the MA-200 line yesterday, June 19. Although the pattern typically indicates an upcoming bear market, here are a few reasons not to worry.

The death cross is typically a lagging indicator that shows what has mostly happened in the market already. As such, the market tends to bottom out before the indicator and not after it. In fact, the cross intersection is usually the best time to exit the market for those fearing the worst.

Previously, the death cross indicator has been reliable in both crypto and stock markets. For instance, the Q4 2019 and Q1 2020 Bitcoin crashes were preceded by a death cross.

Sourse: investing.com

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Category: News | Views: 170 | Added by: danyagames2007 | Date: 20.06.2021 | Comments (0)

With the second quarter of 2021 almost done and July just around the corner, bitcoin might be headed towards a highly volatile month, and Grayscale could receive the blame. This is because one of the largest unlockings from GBTC will take place in the middle of the month as accredited investors will receive access to over $600 million worth of BTC.

Volatility in July Because of GBTC Unlocking?
Founded in 2013, Grayscale is the leading digital asset manager enabling institutional investors to receive exposure to BTC, and other cryptocurrencies, through its funds without having to worry about storing and managing their holdings.

In return, they agree to pay a specific commission and to follow precise rules. One of which dictates that their Bitcoin holdings will be locked for six months. Meaning, once they purchase GBTC shares, ... Read more »

Category: News | Views: 363 | Added by: danyagames2007 | Date: 20.06.2021 | Comments (0)

BTC/USD appears set to begin the month of June near important support levels as it continues to languish within a solid bearish trajectory. After trying to mount a bit of a comeback a couple of days ago, Bitcoin has faced strong headwinds again and is now trading within sight of the 33500.00 ratio, which could prove to be a rather pivotal value if it is penetrated lower. On the 19th and 23rd of May, this level did spark reversals higher, but this only came after BTC/USD tested lower depths.

After starting the month of May with what appeared to be a desire to retest highs, the 60000.00 BTC/USD mark did prove to be important resistance. In actuality, BTC/USD never traded above the 59750.00 mark in May, but not being able to break the ... Read more »

Category: News | Views: 196 | Added by: danyagames2007 | Date: 20.06.2021 | Comments (0)

Popular financial advisor and author of the best-selling book ‘Rich Dad Poor Dad’ tweeted comments on the Bitcoin Crash on Tuesday, predicting that it will fall further to $24,000.

Biggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for Bitcoin to drop to $24 k. Crashes best time to get rich. Take care.
— therealkiyosaki (@theRealKiyosaki) June 19, 2021

In the tweet, he called

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Category: News | Views: 227 | Added by: danyagames2007 | Date: 20.06.2021 | Comments (0)

On Friday, the price of bitcoin suffered a huge bout of downward pressure following statements from the United States Federal Reserve about the possibility of hiking interest rates very soon. BTC reacted negatively to the news while the US dollar spiked as investors lowered their inflation expectations in the next few months.

Bitcoin is trading at around $35,631 at press time and there could be a bigger correction to come. That’s according to Robert Kiyosaki, the author of the best-selling financial self-help book Rich Dad, Poor Dad. In his latest tweet, he predicted that the “biggest crash in world history” is around the corner.

‘Rich Dad’ Author Predicts Bitcoin’s Harrowing Drop To $24,0 ... Read more »

Category: News | Views: 182 | Added by: danyagames2007 | Date: 20.06.2021 | Comments (0)

On June 18, Goldman Sachs began trading Bitcoin futures through Mike Novogratz’s Galaxy Digital network, paving the way for banking institutions. Galaxy Digital announced the agreement as part of Goldman Sachs’ crypto investment strategy.

Galaxy And Goldman Sachs Shake Hands
Goldman Sachs has taken a step further in its efforts to assist hedge funds and other large institutional clients in betting on bitcoin.

According to CNBC, the bank has started trading bitcoin futures in partnership with Galaxy Digital, the crypto merchant bank founded by Mike Novogratz.

Under growing demand from institutional clients, in March Goldman Sachs reopened its crypto trading desk after a three-year hiatus. The desk is part of the bank’s U.S. Global Markets division.

According to Galaxy co-president Damien Vand ... Read more »

Category: News | Views: 246 | Added by: danyagames2007 | Date: 20.06.2021 | Comments (0)

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