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CRYPTONAIRE WEEKLY MAGAZINE 226TH EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
226th Latest Crypto News Digital Magazine | 22nd March 2022 - Platinum Crypto Academy
Institutional interest is also showing signs of a pick up in the crypto space. Coindesk said its sources revealed that Bridgewater Associates, the world’s largest hedge fund, is planning to invest in a crypto fund. However, the crypto investment, when compared to Bridgewater’s assets under management, is very small.
Galaxy Digital CEO Mike Novogratz said in a recent interview with Bloomberg that Bitcoin is unlikely to rally in the current environment, with the Fed tightening and the war in Ukraine. However, Novogratz remains bullish in the long term. He said that Bitcoin should reach $500,000 in five years, else his theory of the Bitcoin
adoption cycle would prove to be wrong.
We said in our previous analysis that traders may turn positive on a break above the 50-day simple moving average (SMA) and that proved to be the right strategy to adopt. Bitcoin broke and closed above the downtrend line of the descending triangle on March 16, which invalidated the bearish setup.
Although the bears tried to pull the price back below the 50-day SMA, the bulls held their ground, indicating buying on dips. The relative strength index (RSI) has jumped into the positive territory, suggesting that bulls have the upper hand.
Strong buying today has pushed the price above the minor resistance at $42,600. If bulls sustain the price above this level, the BTC/USD pair could rally to $45,855. This level is again likely to act as a stiff resistance.
If the price turns down from this resistance, the bears will attempt to pull the pair to the 50-day SMA and extend the stay inside the range for a few more days. Conversely, a rally above $45,855 could propel the pair to the 200-day SMA.
The bullish view will invalidate in the short term if the price turns down and breaks below the 50-day SMA.
Lastly please check out the advancement’s happening in the cryptocurrency world.
Enjoy the issue!
Featuring in this week's Edition:
- Ninja Fantasy Trader
- Bashoswap
- Jimizz
- Faith Tribe
- Digital Arms
- Onino
- Smartchem (SMAC)
- ERNEST IN DISGUISE
- bitcci
- Nunu Spirits
- Asimi
- Artex
- Xmetafans
- Reefer Token
- Maxxer
Read More:
CRYPTO TRADE OPPORTUNITIES
Bitcoin faces new ‘milestone’ in 2022 as the new forecast predicts BTC price ‘in the millions’
FTX Invests $100M in Banking App Dave, Forms Partnership for Crypto Payments
Goldman Sachs Makes Over-The-Counter Bitcoin Trade—First By Major Wall Street Bank
Bitcoin a Starting Point for Developing Central Bank Digital Currency, Says Big Four Firm Deloitte
Platinum Crypto Academy’s Collaboration with Bashoswap
Jimizz ICO has just ended and it’s a success!
Faith Tribe – A DAO Project Based on Blockchain Technology
$HNTR Token Whitelist sold out & What’s In-store in 2022 for Digital Arms
ONINO Farm Making Milestones in the Crypto Sphere: Boosting Liquidity and Launching on Hotbit
SMAC Token and Its Amazing Features
Ninja Fantasy Trader – This startup is gamifying crypto trading with a metaverse experience
bitcci: Enhance the Lives of Sex Workers!
Nunu Spirits: NFT gaming ecosystem helps to promote greenery in real life!
REEFER Token: Using Blockchain to Transform the Cannabis Industry!
#NinjaFantasyTrader #Bashoswap #Jimizz #FaithTribe #DigitalArms #Onino #Smartchem(SMAC) #ERNESTINDISGUISE #bitcci #NunuSpirits #Asimi #Artex #Xmetafans #ReeferToken #Maxxer #CryptonaireWeekly #platinumcryptoacademy #Binance #Bitcoin #Ethereum #Ripple #Litecoin #Ecosystem #DayTrading #BTC #digitalcurrency #digitalcurrencymarket #DayTrading #Cryptocurrencyexchanges #digitalexchange
CW - Website Work
226th Latest Crypto News Digital Magazine | 22nd March 2022 - Platinum Crypto Academy
www.platinumcryptoacademy.com
Start date: May 15th. Each whitelist is priced at 1000 USDT with 10 Mystery boxes and can be issued with 10 NFTs.
