Wednesday, 28 March 2018

Bitcoin market- the major support level $ 7 750 holds, bulls gain strength

Posted by Olga Gorinina at 16:22 Labels:


Today, March 28, bitcoin market displays large short volumes, but the market holds in the area of local minimum around ​​$ 7,750, somewhere in the region where the 200th moving average runs, the significant moving that is expected to support the market. While the market failed to demonstrate a real rebound, however, consolidation lasts only a couple of days and we think that the market will be able to demonstrate a kind of attempt for rebound.
At the same time, proceeding from the current trends and longs volumes, it is unlikely that the price will return to the region by 9000 USD by the end of the week, unless a large buying volume supports the market.
Over the past week, the crypto currencies awere under pressure and showed volatile trading. The daily volume of the bitcoin market in March was around $ 300 billion, moving up and down in the range from $ 280 to $ 350 billion.
Over the past few months, the Crypto currency market did not have sufficient volume and dynamics. Some analysts say that the market is having trouble with recovery from the last correction, the one that was the third-largest correction in the bitcoin market.
An interesting aspect of the market - over the past 10 days the market capitalization has not fallen, but has not risen from previous levels. Bitcoin capitalization in March constantly moves up and down in the range of 280 to 350 billion dollars.
It is important to note as well, after a serious correction, the market is likely to remain under pressure for some months before the start of its recovery. This is typical for any market.
Current volumes on large crypto exchanges mean a small probability of a market recovery in the short term. In the next few weeks, the market is likely to remain extremely volatile until large volumes of longs appear and the market will begin to recover.

https://www.fortfs.com

5 comments :

  1. Unknown26 October 2018 at 09:39

    As an established Australia assignment help organization, we always aim to increase the number of in-house experts we have so that we can offer you the perfect assignment writing help in conventional courses like Management, Law, Engineering, etc. We understand how important academic assessments are in developing a student's career and future opportunities, this is why we take extreme measures to ensure that all our solutions are best-in-class. During higher studies in colleges, students often have to prepare multiple documents, quizzes and surprise tests. This is the main reason why most students search for online assignment help over the internet and choose only the most proficient and trusted academic writing experts. Only while doing research and analysis the structure is altered a little. Our thesis help online providers are well adept in each of these structures, which is mainly evident by this information provided by them.

    ReplyDelete
  2. Adelaide Palerma29 October 2018 at 15:00

    Do you know how persuasive essay introduction should looks like? Start read here!

    ReplyDelete
  3. Theresa Delcas5 December 2018 at 14:25

    My Assignment Services do not make empty promises and have always achieved what we promised our clients by online resume writing services australia. If you need any academic consultation for any assignment type, our team of online assignment helper is available ready to cater to your needs any given moment.

    ReplyDelete
  4. Vincent Smith21 December 2018 at 08:12

    dsploit OGYoutube magisk manager

    ReplyDelete
  5. justin21 March 2019 at 13:35

    Hello I am so delighted I located your blog, I really located you by mistake, while I was watching on google for something else, Anyways I am here now and could just like to say thank for a tremendous post and a all round entertaining website. Please do keep up the great work. who uses litecoin

    ReplyDelete

Subscribe to: Post Comments ( Atom )