Elon Musk and Michael Saylor have emerged as two of the most influential names in crypto. A new sentiment-driven analysis from The TIE and eToro USA reveal the extent of their influence.
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Elon Musk and Michael Saylor have emerged as two of the most influential names in crypto. A new sentiment-driven analysis from The TIE and eToro USA reveal the extent of their influence.
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BTC price inched toward 2020’s support with traders expecting more gains if a breakout occurs.
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Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections and low trading volumes threaten the current recovery.
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In technical analysis, traders interpret the head and shoulders formation as a strong sign that a trend reversal is in process.
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The megaphone-shaped pattern reflects growing disagreement between investors over the next Bitcoin trend bias.
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The analyst also treats the latest crypto ban in China as bullish for Bitcoin and the U.S. dollar.
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Bitcoin’s bounce above $32,000 boosted the mood among traders who believe the bottom is in, but some analysts caution that heavy resistance blocks the road to new highs.
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Bulls managed to find some momentum, but holding the $32,000 support level will determine who is the victor of Friday’s $330 million BTC options expiry.
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The cryptocurrency market recovered on Thursday after renewed endorsements from Elon Musk at the ‘B’ Word Conference Wednesday.
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Bitcoin price rallied 8.5% to recover the $32,000 level, but derivatives data shows pro traders still feel apprehensive.
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