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Is the current Bitcoin movement the start of a new rally or a corrective bounce?
April 21, 2022 10:42 PM
[rtl]Bitcoin still presents the two scenarios, but staying above 42200 will favor the uptrend and the opposite if the price remains below this number.[/rtl]
[rtl]And Ethereum rebounded from the 618 Fibonacci level, known as the golden zone, and was based on the 50-day average, and these are positive things.[/rtl]
[rtl] It is now facing a resistance at 3150 that it needs to break and stay above it to try again at the $3500 area.[/rtl]
[rtl]Dollar Index is approaching weekly resistance areas, the two previous times when the dollar fell from these areas, Bitcoin made a strong rally.[/rtl]
[rtl]The time is approaching to know whether we will witness a new falling wave for the dollar and a strong rise for Bitcoin or not.[/rtl]
[rtl]• As global companies merge into crypto markets, Aura FAT Projects Acquisition Corp (AFARU) , a special purpose acquisition (SPAC) firm, closed an initial public offering on Nasdaq and raised $115 million, focusing on the assets of the crypto industry.[/rtl]
[rtl]Aura FAT will target acquisitions in the blockchain sector where it has a stated interest in emerging technology companies dealing with Web3, crypto and gaming assets.[/rtl]
[rtl]• One of Germany's largest banking institutions, Commerz bank , confirmed that it had applied for a local crypto license earlier this year, which is the first time a major bank has moved towards cryptocurrencies in the country.[/rtl]
[rtl]• In Russia , the Russian Federal Tax Service (FTS) has enriched the discussion about crypto-currency legislation in the country with an unexpectedly frank proposal: allow Russian companies to use digital currencies as a payment method when interacting internationally.[/rtl]
[rtl]https://www.mubasher.info/news/3943976/%D9%87%D9%84-%D8%AD%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D8%A8%D9%8A%D8%AA%D9%83%D9%88%D9%8A%D9%86-%D8%A7%D9%84%D8%AD%D8%A7%D9%84%D9%8A%D8%A9-%D8%A8%D8%AF%D8%A7%D9%8A%D8%A9-%D8%B5%D8%B9%D9%88%D8%AF-%D8%AC%D8%AF%D9%8A%D8%AF-%D8%A3%D9%85-%D8%A7%D8%B1%D8%AA%D8%AF%D8%A7%D8%AF-%D8%AA%D8%B5%D8%AD%D9%8A%D8%AD%D9%8A-/
[/rtl]
April 21, 2022 10:42 PM
[rtl]Bitcoin still presents the two scenarios, but staying above 42200 will favor the uptrend and the opposite if the price remains below this number.[/rtl]
[rtl]And Ethereum rebounded from the 618 Fibonacci level, known as the golden zone, and was based on the 50-day average, and these are positive things.[/rtl]
[rtl] It is now facing a resistance at 3150 that it needs to break and stay above it to try again at the $3500 area.[/rtl]
[rtl]Dollar Index is approaching weekly resistance areas, the two previous times when the dollar fell from these areas, Bitcoin made a strong rally.[/rtl]
[rtl]The time is approaching to know whether we will witness a new falling wave for the dollar and a strong rise for Bitcoin or not.[/rtl]
[rtl]• As global companies merge into crypto markets, Aura FAT Projects Acquisition Corp (AFARU) , a special purpose acquisition (SPAC) firm, closed an initial public offering on Nasdaq and raised $115 million, focusing on the assets of the crypto industry.[/rtl]
[rtl]Aura FAT will target acquisitions in the blockchain sector where it has a stated interest in emerging technology companies dealing with Web3, crypto and gaming assets.[/rtl]
[rtl]• One of Germany's largest banking institutions, Commerz bank , confirmed that it had applied for a local crypto license earlier this year, which is the first time a major bank has moved towards cryptocurrencies in the country.[/rtl]
[rtl]• In Russia , the Russian Federal Tax Service (FTS) has enriched the discussion about crypto-currency legislation in the country with an unexpectedly frank proposal: allow Russian companies to use digital currencies as a payment method when interacting internationally.[/rtl]
[rtl]https://www.mubasher.info/news/3943976/%D9%87%D9%84-%D8%AD%D8%B1%D9%83%D8%A9-%D8%A7%D9%84%D8%A8%D9%8A%D8%AA%D9%83%D9%88%D9%8A%D9%86-%D8%A7%D9%84%D8%AD%D8%A7%D9%84%D9%8A%D8%A9-%D8%A8%D8%AF%D8%A7%D9%8A%D8%A9-%D8%B5%D8%B9%D9%88%D8%AF-%D8%AC%D8%AF%D9%8A%D8%AF-%D8%A3%D9%85-%D8%A7%D8%B1%D8%AA%D8%AF%D8%A7%D8%AF-%D8%AA%D8%B5%D8%AD%D9%8A%D8%AD%D9%8A-/
[/rtl]
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