Bitcoin struggling with resistance, approaching the golden cross of the moving average line

Bitcoin struggling with resistance, approaching the golden cross of the moving average line
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The dow, who kept going up before the fomc, fell and came to rest on the resistance line between $24,000 and $25,000 (top resistance line), and some hesitate to enter a remediation phase.

Click here for a list of mThe United States District Court dismissed CoinbaseARK's class action.et reports published in the pastbitcoin fighting against resistance, approaching the gold cross of the mobile medium line appeared first on our new Bitcoin..

Of crypto (virtual currency) assets linked to equities, currencies jumped by 15.7% compared to the day before.

U.S. long-term interest rates fell in anticipation of a reduction in interest rate increases (U.S. Federal Reserve system). On top of the closing of nasdaq high-tech short sales, the market has been driven to the upside, and all year, bitcoin (btc) and ethereum (eth) plummeted, As a result, companies' weak performance is expected to rebound. Long-term interest rates in the United States have fallen as a result of expectations by the U.S. Federal Reserve (FRB), which expects interest rate hikes to be reduced.

Furthermore, the withdrawal of the class action before the United States District Court appears to have been welcomed. The plaintiffs, including individual investors, claimed that “Coinbase suffered losses in token (virtual currency) trading due to unfair sales of unregistered securities,” but the judge dismissed the plaintiffs’ claims.

U.S. District Court Dismisses Class Action Lawsuit Against Coinbase

ARK Invest, an investment management company in the United States led by CEO Kathy Wood, increased its purchases of COINBASE stocks by hundreds of millions of yen from December 2010 to January 2011. And so on, in large amounts.

ARK Invest analyst Yassine Elmandjra said, “Bitcoin has experienced five sharp declines in the last five years, more than -75% from its peak, but it still has a three to five-year compound annual growth rate (investment In terms of return), it has significantly outperformed global stocks, bonds and gold.”

Investment analyst Yassine Elmandjra said, "Bitcoin has gone down five times in the last five years, at over -75 percent of its peak, but it always has a compound annual growth rate of three to five years (investment in terms of yield), he outscored global equities significantly, bonds and gold." Bitcoin saw five price declines of more than 75% and still outperformed stocks, bonds, and gold.

Tweet.com/nIzNXlLbPx pic— Yassine Elmandjra (@yassineARK)

Pic.twitter.com/niznxllbpx— yassine elmandjra (@yassineark) February 1, 2023marchy of virtual currency on the crypto asset market (virtual currency), Bitcoin dropped 1.55% from the previous day to $23,540. (red circle)

BTC/USD daily

In the crypto asset market (virtual currency), Bitcoin dropped from 1.55% on the eve to $23,540. (Red Ring) btc/usd dailya moving average line is a line that links average candlestick closing prices over a period of time.

It is also widely used in the global equity and currency markets (fx), and is one of the main indicators to which many investors refer. Due to their nature, gold crosses and dead crosses are "buy signals (sell signals)" that are likely to occur at market turning points.

It is also widely used in the global equity and foreign exchange (FX) markets, and is one of the main indicators referenced by many investors.

Due to their nature, golden crosses and dead crosses are "buy signals (sales signals)" that are likely to occur at market turning points.

On the Bitcoin marketplace, the number of gold crosses between 50ma and 200ma is only 7 times over the past 10 years. Created by: coinpost@CAP_FIRST$what is a moving average?

Designed by: CoinPost.

What does a Moving Average mean? Subsequently, a series of positive drivers also stimulated the market, reaching $13,680 in just two months.

April 2019 Daily chart BTC/USD although the current feeling of the Bitcoin market is recovering quickly, It is difficult to say that the negative impacts of the global economic recession and bankruptcy have been swept under the rug.

Click here for a list of market reports published in the past

Bitcoin struggling with resistance, approaching the golden cross of the moving average line appeared first on Our Bitcoin News.