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musing-threads · @ralphy ·
$0.09
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vote details (2)
@milaan ·
$2.16
Question answered on Musing.io
<a href="https://musing.io/q/ralphy/what-reasons-might-be-behind-todays-sudden-jump-in-crypto-prices">View this answer on Musing.io</a>
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properties (23)
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json_metadata"{"app":"musing/1.1","appTags":["cryptocurrency","bitcoin"],"appCategory":"cryptocurrency","appTitle":"What reasons might be behind today's sudden jump in crypto prices?","appBody":"<p>I think it was long due. Just like big drops in bear market is a reality, so as the big ride in bull market like today is a reality. But this move in my opinion is a pure technical move. If you have observed the price action of Bitcoin over last 3/4 months, then you must have noticed that 4400 level was really a tough target to conquer and many times Bitcoin tried to knock this level but unable to do so. Today was that day it knocked it and surged massively to recapture 5000 level and the next major hurdle would be definitely 5500 level.</p>\n<p>This move of Bitcoin will further improve the sentiment around altcoins too and after a long bear phase things are slowly improving in favor of crypto space and this development has been happening from last 1 month or so. So this quarter is going to be much more interesting. At the same time I dont know if there was any news driven move behind this surge of Bitcoin or not, but as per me, the technical reading were indicating of a surge at some point of time and this has perfectly happened today. The next major resistance for Bitcoin is going to be 5500 level and if that level will be conquered then the sentiment will change from bear to bull and in the higher time frame the indicators will start showing positive signs as well.</p>\n<p><br></p>","appDepth":2,"appParentPermlink":"f3ppb65bq","appParentAuthor":"ralphy","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (3)
@rok-sivante ·
Question answered on Musing.io
<a href="https://musing.io/q/ralphy/what-reasons-might-be-behind-todays-sudden-jump-in-crypto-prices">View this answer on Musing.io</a>
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properties (23)
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json_metadata"{"app":"musing/1.1","appTags":["cryptocurrency","bitcoin"],"appCategory":"cryptocurrency","appTitle":"What reasons might be behind today's sudden jump in crypto prices?","appBody":"<p>Fundamentals & TIMING. It was inevitable. </p>","appDepth":2,"appParentPermlink":"f3ppb65bq","appParentAuthor":"ralphy","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (2)
@tarzanus ·
Question answered on Musing.io
<a href="https://musing.io/q/ralphy/what-reasons-might-be-behind-todays-sudden-jump-in-crypto-prices">View this answer on Musing.io</a>
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properties (23)
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json_metadata"{"app":"musing/1.1","appTags":["cryptocurrency","bitcoin"],"appCategory":"cryptocurrency","appTitle":"What reasons might be behind today's sudden jump in crypto prices?","appBody":"<p>Price of oil also rose considerably.</p>","appDepth":2,"appParentPermlink":"f3ppb65bq","appParentAuthor":"ralphy","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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vote details (1)
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