Unique Bitcoin And Crypto Opportunities Are On Their Way

The crypto market looks great today, with Bitcoin being able to surpass the important level of $7,500.

All the coins are trading in the green and Ripple’s XRP is also heading towards the essential level of $0.20.

At the moment of writing this article, BTC is priced at $7,549.72 and XRP is currently trading at $0.196036.

TradingView’s tech indicators were flashing sell

A set of technical indicators on TradingView were flashing sell signals a few days ago when BTC dropped below $7,000.

Both Bitcoin and XRP had “sell” ratings on the daily, weekly, and monthly time frames.

Analysts at Bloomberg were warning that BTC seemed to be losing momentum after it faced some massive resistance at the $7,500 level, but it seems that the king coin is back on track now.

Mati Greenspan says unique crypto opportunities are coming

The Daily Hodl online publication cites Mati Greenspan of Quantum Economics who recently said that BTC has been relatively stable in recent weeks. He is still bullish about Bitcoin in the long term.

“[Bitcoin] has remained remarkably stable in the last few weeks and if we zoom out on the chart we can see something quite comforting. The level that it’s trading at now, similar to the stock market, is a level that would have been deemed quite normal throughout 2018 and 2019. This is happening with the third halving only a month away…” he said.

He made sure to highlight that “Very soon, we’re likely to be flooded with the kind of opportunities that only come by once or twice in a generation.”

There are various optimistic Bitcoin-related predictions these days especially since the halving is just around the corner.

The important event is scheduled to take place less than a month from now, and it’s expected to bring massive price movements for Bitcoin. Stay tuned for more info.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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