fbpx
Thursday, May 19, 2022
spot_imgspot_imgspot_img

Blockchain Op-Ed

Technicals and Macro Picture Suggest Bitcoin is Setting up for a Bounce

Bitcoin climbed back above $40,000 last night, as it formed a bullish divergence on the 4-hour time frame, whilst exiting the oversold region. This is a bullish set up and has a high percentage outcome of leading to a significant bounce. In addition, Bitcoin closed the day yesterday inside the channel that has lasted around 100 days, after trading below for some time. This is another bullish indicator as the wick formed shows buyers...

What does UST’s De-Pegging Mean for the Wider Market?

Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock The impact of this event on the wider market is very significant. Soon we will find out which DeFi projects had their treasuries in anchor or UST,...

Investors Fear Recession Whilst Percentage of Long-Term Holders Grow

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin continues to fall and reached a key level of support, dropping below $33,000. After the Federal Reserve raised rates by 50 basis points last week,...

Heightened Fears in Ukraine Leads to Risk-Off Sentiment

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Last week there was a risk-on sentiment after the FOMC meeting where the Federal Reserve raised...

Bitcoin rises after US’s Fed relieves the market

By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock Bitcoin initially fell after the Federal Reserve’s report on their plans to hike rates for the...