Cryptocurrency Prices Correct Today

admin

4 Bitcoin Pivots Crypto Currencies Trading This Week There are holidays this week, so investor activity remained reduced.Long-term pressure on the market is exerted by the actions of Chinese and American authorities.In China, a consistent struggle continues with mining, which is very common in the country.Chinese miners, under pressure from the state, began to reduce…

4 Bitcoin Pivots Crypto Currencies Trading This Week
There are holidays this week, so investor activity remained reduced.Long-term pressure on the market is exerted by the actions of Chinese and American authorities.In China, a consistent struggle continues with mining, which is very common in the country.Chinese miners, under pressure from the state, began to reduce mining capacities.In particular, the authorities in Sichuan province, which is popular among mining companies, demanded that the leadership of local hydropower plants reduce or even stop the supply of electricity for these purposes.In the United States, the US Securities and Exchange Commission (SEC) is pending a trial against Telegram, which is trying to launch its Gram digital token.The regulator believes that the ICO conducted by Telegram was illegal.

On January 2, the SEC asked judges to oblige the company to disclose how investor funds were spent over the past two years.Providing this information may give the court additional arguments to prohibit the digital Telegram project.
From the news of cryptocurrencies, it is worth noting the fork of the Ethereum network called Muir Glacier, which, as planned, occurred on Thursday.The update postponed the “difficulty bomb” by 4 million blocks, and the reward for the mined block remained at the same level of 2 ETH.At the beginning of the week, the IOTA blockchain malfunctioned, as a result of which users could not complete transactions with their assets for 24 hours.
At the beginning of the new year, there were some forecasts of the state of the cryptocurrency market for 2020.So, the famous cryptocurrency enthusiast, founder of Galaxy Digital, Michael Novogratz, said that Bitcoin by the end of 2020 will cost at least 12K dollars.And the Australian entrepreneur Craig Wright, who had previously proclaimed himself the creator of Bitcoin, noted that this currency could no longer reach its historic highs in the region of 20K dollars.Next week, the cryptocurrency market may stabilize or continue a moderately downward movement.

Bitcoin 1 Day Moving Averages
Name Value Action Exponential Moving Average (5) 7190.92 Buy Simple Moving Average (5) 7166.65 Buy Exponential Moving Average (10) 7202.82 Buy Simple Moving Average (10) 7214.51 Buy Exponential Moving Average (20) 7231.42 Buy Simple Moving Average (20) 7180.50 Buy Exponential Moving Average (30) 7301.23 Buy Simple Moving Average (30) 7227.94 Buy Exponential Moving Average (50) 7503.62 Sell Simple Moving Average (50) 7391.26 Sell Exponential Moving Average (100) 7972.57 Sell Simple Moving Average (100) 7967.36 Sell Exponential Moving Average (200) 8171.25 Sell Simple Moving Average (200) 9254.56 Sell Ichimoku Cloud Base Line (9, 26, 52, 26) 7058.99 Neutral Volume Weighted Moving Average (20) 7164.66 Buy Hull Moving Average (9) 7095.31 Buy Bitcoin 1 Day Oscillators
Relative Strength Index (14) 51.03 Neutral Stochastic %K (14, 3, 3) 29.06 Neutral Commodity Channel Index (20) 72.54 Neutral Average Directional Index (14) 16.04 Neutral Awesome Oscillator −74.64 Sell MACD Level (12, 26) −62.72 Buy Stochastic RSI Fast (3, 3, 14, 14) 32.21 Neutral Williams Percent Range (14) −44.98 Neutral Bull Bear Power −192.68 Neutral Ultimate Oscillator (7, 14, 28) 48.55 Neutral Bitcoin Pivots
Pivot Classic Fibonacci Camarilla Woodie DM S3 4426.60 5774.31 6797.74 5139.13 — S2 5774.31 6289.14 6921.28 5782.06 — S1 6471.34 6607.20 7044.82 6486.84 6122.83 P 7122.02 7122.02 7122.02 7129.77 6947.77 R1 7819.05 7636.85 7291.90 7834.55 7470.54 R2 8469.73 7954.91 7415.44 8477.48 — R3 9817.44 8469.73 7538.98 9182.25 — Robert Thomas
Robert Thomas has over 14 years experience in the investments on the institutional side of markets and has an “insider” view on the markets.

In addition, he is an futures day trader that focuses on analyzing fundamentals, specifically earnings reports and technical levels.

He has a Masters Degree in Business and Economics.Post navigation.

Leave a Reply

Next Post

A guide to scalability

Bitcoin is slow by design Blockchains were not necessarily built for speed.Satoshi designed bitcoin with security and decentralization top of mind, and acknowledged that the system would struggle versus centralized competitors such as the major credit card networks.Instead, bitcoin’s ten minute block times and small block sizes have helped preserve consensus of the global, leaderless…
A guide to scalability

Subscribe US Now