RATE Group | Crypto market at ease ahead of next bullish run
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Crypto market at ease ahead of next bullish run

11 Feb Crypto market at ease ahead of next bullish run

Posted at 09:39h in Bitcoin News by

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  • Ether enjoying the best beginning of the year among the Top 3.
  • XRP ignores Ripple Ltd selling, but not for long – possible falls ahead.
  • The moving average structure indicates a weak market until the end of February.

Today’s positive commentary comes from Tom Lee of Fundstrat Global Advisors, where he says that the Bitcoin could reach $40000 for this year.

The consolidation process continues in the crypto market. 

The money is moving today towards the Ethereum Classic, positioned as the leader of net capital inflows with $4.89M in the last 24 hours. In the chapter on capital outflows, Bitcoin is the most affected with net outflows of $66.39M in the day.

 

ETH/BTC Daily Chart

The ETH/BTC pair is currently trading at the price level of 0.02256, moving in a very narrow range between resistances and supports. The upward movement of the ETH/BTC is proving to be a real picture of the overall market, faithfully signalling the upside and downside…

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