Bitcoin Is Facing a Make-or-Break Moment, Technicals Show

Bloomberg2021-04-29

Cryptocurrency reached record high $64,870 earlier this month Token now hovers between 50-day and 100-day moving averages Bitcoin is facing a make-or-break moment following a recent bout of selling, ...

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Comments

DragonKC
2021-04-30
DragonKC
Bitcoin too big to fail.
手可摘棉花
2021-04-29
手可摘棉花
Make! Not break!
burdess
2021-04-29
burdess
like please
- VictorLin:
  ???
股神徒孙
2021-04-29
股神徒孙
Not good
hellojo
2021-04-29
hellojo
Oh no
- 张家二少爷:
  oh no
Gibbie
2021-04-29
Gibbie
Eth

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It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. 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Not break!&nbsp;","listText":"Make! Not break!&nbsp;","text":"Make! Not break!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109812137","repostId":1144032670,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109146896,"gmtCreate":1619677114415,"gmtModify":1704727851061,"author":{"id":"3582717601667302","authorId":"3582717601667302","name":"burdess","avatar":"https://static.tigerbbs.com/a17f2b2e5a6a0f0cee2c197cc22ac550","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582717601667302","authorIdStr":"3582717601667302"},"htmlText":"like please&nbsp;","listText":"like please&nbsp;","text":"like 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good","listText":"Not good","text":"Not good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/109184132","repostId":1144032670,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109183511,"gmtCreate":1619672863533,"gmtModify":1704727790421,"author":{"id":"3579348570026993","authorId":"3579348570026993","name":"hellojo","avatar":"https://static.tigerbbs.com/a01d3a5321c3e239c9873e21529537e7","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":5,"crmLevelSwitch":0,"idStr":"3579348570026993","authorIdStr":"3579348570026993"},"htmlText":"Oh no","listText":"Oh no","text":"Oh 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