Month: Oktober 2020

COVID-19 Disaster Didn’t Re-limit Bitcoin – Investors More Curious Than Ever, Analysts Say

Bitcoin is now and for everyone – Never have more investors been tempted by Bitcoin Cycle and cryptos. While the king of cryptos recently surpassed $ 13,000, a report from Grayscale tells us that now a majority of average people are considering buying cryptocurrency.

80% of BTC owners have bought it less than a year ago

The Grayscale investment fund recently published a study on „Bitcoin investors in 2020“ .

We therefore learn that interest in Bitcoin is growing strongly compared to last year. Of the 1,000 US citizens surveyed this year, 55% say they are considering investing in BTC. They were only 36% in 2019.

Another interesting metric: 83% of those who have already invested in Bitcoin report having done so recently , in the last 12 months at most. In more detail, we even note that 64% have invested over the last 6 months at most, despite the current pandemic .

The Covid-19 has even accelerated the shift to buying bitcoins

Among the rather surprising news that we learn from this report, we even discover that this global health crisis has motivated American investors to make their crypto-investments.

63% say they have decided to buy BTC because of the consequences of the Coronavirus pandemic.

In the end, the Grayscale study estimates that the market for potential investors in Bitcoin is now 32 million people in the United States. A nice increase compared to last year, because they were only 21 million.

One last notable and important point for the adoption of Bitcoin : respondents seem to be increasingly familiar with the invention of Satoshi Nakamoto. Eh yes ! 62% of investors said they were „familiar“ with how Bitcoin works – it was still just 53% last year alone.

Bitcoin decouples itself from traditional markets: „Breathtaking rally is coming

Kraken says that Bitcoin and the traditional markets are decoupling.

In a report by the major US crypto exchange Kraken listed these signs that the correlation between Bitcoin Revolution the greenback and traditional markets continues to decline.

The Kraken report on volatility in September stated that Bitcoin (BTC) had largely had a negative correlation with the US Dollar Index (DXY) since May. The two markets only touched briefly in September.
30-day correlation Bitcoin/US Dollar Index: Octopus

The report attributes BTC’s dollar divergence, in addition to declining growth rates, to the Federal Reserve’s plan to keep interest rates at zero percent until at least 2023. Meanwhile, Bitcoin has shown a positive correlation with the euro since May.

The report states that although the correlation between the BTC and the S&P 500 had reached an 8-month low at the beginning of the month, it was still too low for the S&P 500. However, the correlation later increased again as both markets consolidated.

Bitcoin’s correlation with gold has remained positive since mid-July. Both markets have been under downward pressure in recent weeks.
30-day correlation of Bitcoin with gold: Octopus

Kraken expects Bitcoin to perform better in October than in September. This would be in line with the behavior in eight out of nine years.

The report predicts that BTC will grow by 11 percent in October. This would leave BTC at $11,850 at the end of the month. This is 3 percent more than the current level. Kraken explained that Bitcoin had fallen below its monthly average in six out of nine months in 2020.

Kraken’s mild optimism is shared by two respected analysts, and even outperformed by far. Former hedge fund manager Raoul Pal has recently stated that he expects massive institutional acceptance and has shifted more than half of his personal investment portfolio to Bitcoin:

Alex Saunders of Nugget’s News compared the current situation with that of mid-2017 and predicted that institutional demand for Bitcoin would probably trigger a „breathtaking rally“:

Previsão de preço de bitcoin: BTC/USD pode estender a correção de baixa para $9.000

Apesar de várias tentativas de venda, o BTC/USD é visto estabelecendo-se acima de US$10.000.

Tendência de longo prazo do BTC/USD: Ranging (Gráfico diário)

Níveis-chave:

  • Níveis de resistência: $10.900, $11.100, $11.300
  • Níveis de apoio: $9.300, $9.100, $8.900

BTCUSD – Gráfico Diário

O BTC/USD começou a semana em um canal apertado limitado em $9.800 no lado negativo e $10.360 no lado positivo. No momento de escrever, o BTC/USD está mudando de mãos a $10.178 com 0,79% de perdas. Entretanto, o BTC/USD tem se mantido relativamente estável, movendo-se em uma faixa apertada com forte apoio de $10.000 e parecendo muito provável que em breve poderá se desfazer em $9.500 para fechá-lo. Esta antecipação de mais prejuízos a curto prazo tem se refletido no capital do mercado global de criptografia, que caiu nas últimas 24 horas.

O que esperar da Crypto Trader (BTC); O gráfico diário implica que o BTC/USD ainda é vulnerável ao declínio adicional em direção ao apoio de US$ 9.000. Um movimento sustentável abaixo de $10.000 e $9.800 pode abrir caminho para um mergulho mais profundo e confirmar o cenário de baixa para os próximos dias. Por outro lado, o nível de resistência de US$ 10.500 pode criar a resistência inicial que precisa ser tirada para melhorar o quadro técnico imediato.

Quando isto acontecer, uma barreira mais substancial de $10.900, $11.100 e 11.300 níveis de resistência pode entrar em foco.

Entretanto, olhando para o RSI (14) na faixa diária, como a linha de sinal está se movendo abaixo de 40 níveis, é provável que o BTC/USD se mova para os lados. Se o preço do Bitcoin cair abaixo deste nível, então, os suportes críticos a $9.500, $9.300 e $9.100 poderão ser visitados.

BTC/USD Medium – Term Trend: Bearish (Gráfico 4H)

Olhando para o gráfico de 4 horas, fica claro que a ação atual do preço está rastreando dentro de um canal de tendência para baixo, com duas fortes áreas de resistência acima dos níveis de $10.180 e $10.000. O nível de $10.300 permanece acima das médias móveis de 9 dias e 21 dias, o que pode tornar essa área específica ainda mais difícil de ser quebrada acima.

BTCUSD – Gráfico de 4 Horas

Entretanto, o RSI (14) está se movendo abaixo dos 40 níveis, ficando lá poderia criar algum atrito se o Bitcoin se inverter. O preço da Bitcoin tem feito consistentemente baixos e, olhando mais para baixo, o mercado pode atingir o suporte mais próximo a $9.800. Se o preço da Bitcoin cair ainda mais, o nível de suporte de $9.600 e abaixo pode se tornar mais baixo.