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Why Cryptocurrencies are so volatile?

If you’re in the cryptocurrency industry or are looking to invest in the market, one of the  advice you’ll receive is – “ the market is highly volatile .” That’s because, Bitcoin, or other cryptocurrencies , embodies the term “roller coaster ride,” with its wild fluctuations. It has faced stupendous lows and spectacular highs over the course of a short term. why is crypto so volatile?  What are the factors that govern its prices, and will it ever reach a point of stability? Contents Cryptocurrency Volatility – What Triggers The Same? Bitcoin was worth about $20,000 in December 2020. In January, it hit $40,000. In April, it hit a new high of $65,000. This was followed by a June crash below $30,000. Around July 20, the coin surged to $45,000. With such a drastic volatility occurring, there are a few factors that contribute to it                                 ...

Can Btc reach $65K ?

Oct 14 #Bitcoin: BTC price is moving in a range $53k-58k. We saw cup and handle pattern breakout at $53k on oct 6 and BTC is trading above this zone from last 8 days. After $53k breakout BTC formed new trend and indicate that it can jump hard in next 3 month. Last 5 month chart also indicate that whales accumulate BTC from retail traders.  In last 7 days btc formed a upward channel and breakout above 58k will push price towards 60k-65k in quick time. $53k is work as strong support and indicate that  trader like to buy this zone. As per past trends and chart formation , BTC can pump hard with high volatility in coming months. In last 5 month BTC digest all fud including Big China BAN and trading above 5 month high.  We can see that BTC bullish for next 3 month as per trend and bulls will not loose control in this quarter.

Bitcoin cross $50000 resistance!! Will it able to make it support??

Aug 23, #Bitcoin:BTC price move beautifully in bullish channel. In 4hr btc is making bullish Higher high and higher low pattern. Nothing wrong in chart. MACD also showing bullish as shared yesterday chart. Today BTC jump towards 50000+. Monthly expiry on Aug 27 and we can see high volatility. Monthly closing above 50k+ will be open gate for 65k and 100k. If you are trader than trade the range. If you are investors than ignore volatility.

What is Cryptocurrency? How Does it work?

Cryptocurrencies are popular today especially with the success of Bitcoin as it is the first public cryptocurrency. They are important investment vehicles for many blockchain companies today.Dogecoin, a cryptocurrency made as a joke based on dog meme has reached a market cap of $25.8 billion, as of mid-July 2021 Cryptocurrencies are favorably compared with legacy currencies like the Dollar, especially in that they can be used as a medium of exchange and store of value on blockchain and semi-blockchain networks. However, they have certain limitations such as high volatility and low adoption. Contents [ hide ] What Is Cryptocurrency? Cryptocurrencies are a form of digital money that can be exchanged online for goods and services. Cryptocurrencies are based on decentralised Blockchain technology, which ensures that an individual or a single group cannot control it. Cryptocurrency can be bought and sold online on cryptocurrency exchanges and can also be sent to others using crypto-...

$BTC $29k or $100k?? Pump or dump?

    Bitcoin update in 4hour time frame #Aug 22: Bitcoin in 4 hr: BTC price is moving in uptrend channel. BTC look bullish as it making continue Higher Low. $48100 is good short term support. and 50k is good resistance, Breakout $50k will help to push price towards $52k-$53k. US dollar Index can impact in Short term as Global market shows correction when DXY jump. But in mid/long term , BTC have own path to follow.               BTC in day time frame #Aug 22: #Bitcoin in 1 Day: In last week BTC test MA 200 multiple times and now BTC price well move above 200 daily moving Average which is at $45850. We can also see proper Golden cross between MA50 and MA100 which indicate that BTC market positive and ready for check upper target.  $50000 is resistance for BTC and $44k and $40k is good support area for picking new position.             BTC in weekly time frame #Aug 22: Bitcoin in Weekly...

Ethereum Stuck? No more pump?

Aug 21: ETH price stuck between Fibonacci ratio 50% to 61.8%. We are seeing that eth is moving sideways from last 14days. Breakout of $3330 will open gate for $3800 and $4400. Downside $2900 is support. After London hardfork and EIP-1559, ETH turn bullish in long term. View Chart for more detail update.. #NFA

BTC Hit $49436 🚀🚀 $ 70000 soon?

Aug 21 : #Bitcoin: $BTC bounce perfectly from support of $43800 mention in chart and now moving beautifully in bullish channel.   $BTC bounce 12% from Thursday(Aug 19) low and hit $49436 on Saturday morning session as per Asia Pacific time. Seems currently bulls are in more power than bear 🐻. So bitcoin can easily cross $50K in somedays. on Last July 21 btc made bottom $29296 but it jump 70% in last 30 days. Same time we saw many small size correction of 10-15% too which make btc more strong in long term. Now, these are important level and 50k + will make bullish for long term. on downside we have support at ascending trend line. Subscribe for daily updates #NFA Want to invest in crypto and make money Get 50rs free bitcoin on signup now  signup now and start investing with only 100inr