What is common between the growth of Bitcoin and zombies? Expert's answer
Source:
Over the past week and altcoins started to move upwards under the influence of strong pressure from buyers. In just a few days, the main cryptocurrency has jumped by almost 1000 dollars after upgrading yearly low at $ 3150. Many experts talk about the imminent change of trend, this fact is also supported by record-high trading volumes in BTC.
Here is a famous capturador Alex Kruger believes that market players it is too early to give a bullish sentiment. According to him, the rebound of Bitcoin is not a sign of the completion of the bearish trend.
theBitcoin-zombie attack
Detailed reasoning of his words, Krueger has published in a long discussion on his page on Twitter. First, the analyst cited several catalysts that may cause bullrun in the near future. He also mentioned the start of trading Bitcoin futures platform .
On the other hand, cryptocurrency also has accumulated enough negative factors. This could include the surrender of cryptomundo, the war against financial regulators , the emergence of «simple agreements investors» SAFT «liquidation of new year». Last — displays the crypts to pay their taxes.
9/ So what's up with this rally?
IMO the single most important factor is #3: the Technicals. That is, this is a simple bounce from the most oversold levels in history. Nothing for investors to FOMO.
Calling this the Zombie Rally, as most of those participating in it are actually dead.
— Alex Krüger
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
The trading volume of Bitcoin has reached a historic high
Perhaps a rise of a few tens of percent you not much impressed. However, this event hides a much more important record as of December 22, the trading volume of bitcoin has reached its historical maximum. With Bitcoin not have made...
Get asik: the difficulty of mining Bitcoin has fallen by 7 percent
the complexity of the production fell by more than 7 percent. Despite the local growth of cryptocurrencies, miners still hard to stay above the line of profitability. Earlier, small and medium-sized mining companies in China even ...
The following bullrun can lead to something unprecedented large. The experts
Investment Bank Galaxy Digital commented on the next rebound of the stock market in a letter to customers. According to the company, such short rally can often be harbingers of bigger lift. At the same time, this jump can be a lot...
CEO of Ripple: XRP is less centralized than Bitcoin or Ethereum
Ripple CEO brad Garlinghouse made a very bold statement during a recent session of questions and answers. In the event Garlinghouse revealed the details of the project work with financial regulators, as well as reported new succes...
President Coinbase: 2019 will be the best year for investment in cryptocurrencies
Since fell sharply in December, investors have ceased to hope Santa will bring good news for the new year. However, the market still turned and in the last week, the coin has gained about 25 percent. President Asif Hirji not left ...
Not waiting: cryptocurrency Facebook can target a WhatsApp
December 20, Bloomberg reported that Facebook is working on its own cryptocurrency for the popular WhatsApp messenger. The token is expected to be used for payments within the application with reference to the industry of remittan...
Expert: Bitcoin is unlikely to rise above $ 5,000 in the near future
on December 17, just four days price has increased from 3181 to $ 4073, on all major exchanges main cryptocurrency has risen by 28 per cent. However, BTC still dropping for a longer period of time — 30 days ago, it cost 4400 dolla...
Bitcoin above $ 4,000. Beginning bullrun or just a small pullback?
Yesterday was finally able to break through key resistance at $ 4000 and continue its growth. Cryptocurrency begins to form new uptrend on a smaller scale, and the market situation is gradually changing in favour of the bulls. Is ...
Beginners often seen in the crypto currency tool that allows you to go beyond the state framework, and almost to gain superpowers. The reality is a little more modest. For example, the same transparent blockchain, which users can ...
CEO Binance named 2018 as the year of correction for cryptocurrency. What does it mean?
Director General Binance in an interview with Bloomberg expressed optimism about the future of cryptocurrency. He also reflected on the bear market throughout the current year with a sharp drop, which came in November. In his opin...
What is hardwork? Explain on the example of Bitcoin Cash
November 15, 2018, hosted one of the biggest events in the industry of cryptocurrency — hardwork . To the end around this procedure, there were many inaccuracies in the media, so as to understand the intricacies of creating forks ...
Back to school: Coinbase will allow you to capitalize on their knowledge about cryptocurrencies
Cryptocurrencies have become a major topic for the world media a year ago. Then the Bitcoin interested in beginning huge number of investors. However, even now they don't know the blockchain and mining. The leadership of the main ...
Cheap shovels: price of the most popular graphics card from AMD fell to 67 percent
AMD Radeon RX580 has gained immense popularity among the miners in 2017. In February of 2018 representatives of this model GPU has become so little on the market that its price jumped up to $ 550. However, today the card can be ea...
Only 37 percent of the addresses are considered "economically significant". How to understand this?
December 19, the research firm, presented an interesting report. It says that only 37 per cent of the total number of addresses have economic value. According to the data, today the network consists of 460 million wallets that are...
Coinbase moved five billion dollars in the crypt to a new purses. What is the reason?
Coinbase is going to seriously increase the number of supported cryptocurrencies. To ensure maximum security for their customers, the exchange needs to rethink ways of storing billions of dollars. Company representatives warned th...
Philanthropist of the year. Acne Buterin gave CryptoStream 300 thousand dollars because of Twitter
the Creator of Ethereum donated 300 thousand dollars in three bitcoin blockchain startups. This is probably the solution came to him in the process of discussion on Twitter. Grants in the amount of 1 thousand ETH projects received...
Expert: the stock market is still in a downtrend
Peter Brandt has become quite a well known figure in cryptosphere over the last couple of years. Prior to his fascination with the Bitcoin trader worked successfully with many traditional markets. At the end of Jan Brandt did the ...
Pump and dump: the stock market is significantly exposed to the schemes of manipulation
According to a recent study, the scammers successfully manipulate the price of digital assets, including Bitcoin. This allows them much more expensive to sell their assets to unsuspecting traders. The researchers found almost five...
Comments (0)
This article has no comment, be the first!