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The price of Bitcoin is breaking all-time highs every day recently and there is debate on whether Bitcoin price is in a bubble and will burst soon.
While some are optimistic about the rising trend of Bitcoin and some are expecting the drop and interested in the inverse Bitcoin ETF.
What is inverse?
A product that invests in a decline in the futures price of Bitcoin. In other words, the more the price goes down, the more profitable investors get!
This allows you to invest in bitcoin products in stock exchanges as well as coin exchanges.
More and more investors are interested in Bitcoin but still, the government regulatory issue concerns the public and make it a hesitation to some of the investors.
Crypto & Fear Index is now at 79 indicating an Extreme Greed level, indicating people are still willing to buy in Bitcoin.
https://i.imgur.com/qVGoSUz.png
Source: www.mytradinginfo.com
https://i.imgur.com/PHyYRGZ.png
Source: https://alternative.me/crypto/fear-and-greed-index
While some are optimistic about the rising trend of Bitcoin and some are expecting the drop and interested in the inverse Bitcoin ETF.
What is inverse?
A product that invests in a decline in the futures price of Bitcoin. In other words, the more the price goes down, the more profitable investors get!
This allows you to invest in bitcoin products in stock exchanges as well as coin exchanges.
More and more investors are interested in Bitcoin but still, the government regulatory issue concerns the public and make it a hesitation to some of the investors.
Crypto & Fear Index is now at 79 indicating an Extreme Greed level, indicating people are still willing to buy in Bitcoin.
https://i.imgur.com/qVGoSUz.png
Source: www.mytradinginfo.com
https://i.imgur.com/PHyYRGZ.png
Source: https://alternative.me/crypto/fear-and-greed-index
Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T
"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.
https://i.imgur.com/MhDrH2T.png
Image Souce: MyTradingInfo
"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.
https://i.imgur.com/MhDrH2T.png
Image Souce: MyTradingInfo
News: https://www.coindesk.com/market-wrap-bitcoin-steady-near-59k-while-gains-in-altcoins-pushed-crypto-market-cap-to-2t
Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T
"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.
https://i.imgur.com/MhDrH2T.png
Image Souce: MyTradingInfo
"As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year."
While Bitcoin price hits the high price of 59K but with a drop of dominance gradually, investors are putting money not only to Bitcoin but also to the altcoins markets.
https://i.imgur.com/MhDrH2T.png
Image Souce: MyTradingInfo
Bitcoin is still hot but Bitcoin Dominance is dropping. What does it tell?
Bitcoin is still our everyday issue around the world, not only it is an investment but it is also going into our daily life.
Bitcoin price is constantly reaching high but Bitcoin Dominance is dropping.
Does this indicate that more and more people are interested in altcoins rather than only investing in Bitcoin?
https://i.imgur.com/TDO2q9s.png
Bitcoin price is constantly reaching high but Bitcoin Dominance is dropping.
Does this indicate that more and more people are interested in altcoins rather than only investing in Bitcoin?
https://i.imgur.com/TDO2q9s.png
1. Powell commented cryptocurrencies as "a speculative asset" which leaded to an adjustment in Bitcoin price but a rising trend in Gold
2. US President is considering spending $3 trillion on infrastructure in the States which draws investment capitals into the US stock market
Even there is an adjustment in the Bitcoin price these days but it is expected it will recover soon.
2. US President is considering spending $3 trillion on infrastructure in the States which draws investment capitals into the US stock market
Even there is an adjustment in the Bitcoin price these days but it is expected it will recover soon.
⭐ Merited by tranthidung (1)
It is common to compare Bitcoin price with Gold price and do you think it also relates to other factors?
Mytradinginfo shows real-time charts that compare Bitcoin price with Gold, Nasdaq index.
Chart trends can be one of the tools to analyse Bitcoin price and plan your trading strategies.
www.mytradinginfo.com
Mytradinginfo shows real-time charts that compare Bitcoin price with Gold, Nasdaq index.
Chart trends can be one of the tools to analyse Bitcoin price and plan your trading strategies.
www.mytradinginfo.com
Factors like Open Interest, Long Short Ration and Significant trades in Major Exchanges give you insights into how traders are acting
MyTradingInfo provides real-time data for Bitcoin traders
Useful charts to understand market trends and other related factors that you will find it helpful
www.mytradinginfo.com
MyTradingInfo provides real-time data for Bitcoin traders
Useful charts to understand market trends and other related factors that you will find it helpful
www.mytradinginfo.com
Mytradinginfo gives you insight on coin trading with real-time stats
Free Charts for trading info and useful data for trend analysis
www.mytradinginfo.com
Free Charts for trading info and useful data for trend analysis
www.mytradinginfo.com
Thanks for this.
This is really helpful for traders. Traders can use this kind of tool for technical analysis too. I also saw an Open Interest (OI) too which this is one of the best to identify the trend too or some fake breakout on price actions, a lot of traders using and analysing Open Interest. Glad to see it's not only for Bitcoin, there are other assets too.
This is really helpful for traders. Traders can use this kind of tool for technical analysis too. I also saw an Open Interest (OI) too which this is one of the best to identify the trend too or some fake breakout on price actions, a lot of traders using and analysing Open Interest. Glad to see it's not only for Bitcoin, there are other assets too.
Glad to see people are also thinking this is helpful. There are lots of resources on the internet which can help with trading and usually have to combining different resources for strategies.
There are lots of information we can refer to analyse the Bitcoin price trend.
Mytradinginfo.com shows real-time statistics about cryptocurrency.
Factors like Nasdaq index, Google Trends, Gold Price relations and so on.
www.mytradinginfo.com
Mytradinginfo.com shows real-time statistics about cryptocurrency.
Factors like Nasdaq index, Google Trends, Gold Price relations and so on.
www.mytradinginfo.com
What factors will you consider for Bitcoin investment? Do you also compare other indexes to check when it is a suitable time to buy in or out for Bitcoin? Like Gold Price? Nasdaq index?
Sharing a site provides real time crypto trading information and trending factors for Bitcoin.
Data for interesting factors like Google Trend, BitMEX open interest comparison are available.
Have already bookmarked it for trading tips.
www.mytradinginfo.com
Data for interesting factors like Google Trend, BitMEX open interest comparison are available.
Have already bookmarked it for trading tips.
www.mytradinginfo.com