The central bank of Canada, released this month a statement, saying that they will keep low-interest rates joining the perspective of Federal Reserve and many other big central banks in the world.
Referring to slow economic growth in Canada, and negative worldwide sentiment, the Bank of Canada concluded that it was going to keep the interest rate the same it had, in the past three meetings, at 1.75 percent according to the Bloomberg report.
Central banks around the globe are getting nervous about the economic slowdown and the negative outlook of the next months. Many central banks are holding … Read the rest
Recently bitcoin price is hovering at the $5,300 level. Despite being 75% down from the ATH the sentiment in the crypto community has improved a lot while the price is no going up steadily.
A recent report by Adamant Capital says that smart like institutional investors or crypto whales are in the accumulation phase. The accumulation phase is the last phase of a bear market.
The company which runs a bitcoin fund is advising its clients that now is an ideal time to buy. When the BTC bulls set their grasp, the bitcoin price is set out toward the moon, … Read the rest
Bitcoin price jumped by 22% this month on 1 April from $4200 to $5,200. Other cryptocurrencies like Ethereum and Litecoin recorded even bigger against the U.S. dollar, taking advantage of the momentum created by bitcoin.
Bitcoin Futures Suppressed the Bitcoin Price after December 2017, but This time Futures might Fuel the Bull Run.
On November the futures volume had an increase of 141% sometime later the bitcoin price suffered the biggest drop of 2018, the price drop from $6,000 to $3,200 in a short time.
An interesting thing that happened after the Bitcoin $1,000 green candle is that Bitcoin futures … Read the rest
According to Google Trends data, people are currently using the search engine to search more about the top cryptocurrency, bitcoin, than Kim Kardashian.
This shows how much interest is bitcoin actually getting. This surge in search queries with the term “bitcoin” came right after the $1,000 green candle that happened on 3 April with the bitcoin price going above $5,000.
This seems like good news for bitcoin and for a fresh bull run start. With more searcher usually, new fiat money enters the cryptocurrency market and prices go higher.
The Google Trend ratings are aggregated by calculations, where;
… Read the rest
In a matter of minutes, Bitcoin had achieved a huge advancement to the upside hitting $5,106 on Bitfinex, while the daily low was $4,172. This implies 22% increases in the course of the few last hours.
From that point forward and as of writing this article, Bitcoin had pulled back a bit and it is changing hands now at $4,775 according to Bitfinex.
This kind of movement has not been seen since the past year on 12 April when Bitcoin rallied from $6,700 to $8000 in one day.
Before we go into Bitcoin analysis, lets first understand what is the market cycle according to the Wall Street Cheat Sheet (for those new in crypto) and the emotional reactions related to each phase of this cycle.
What is the Market Cycle?
The market cycle is the long term price movements in a broader market index, including a complete uptrend followed by a complete downtrend.
Understanding the market cycle helps to maximize profits.
The Market Cycle Psychology
In a bull market, everybody thinks that he is a god in trading because everything goes according to the plan, but when the things start to go wrong, … Read the rest