Something “Huge” is Brewing in the Crypto Market; Factors to Watch

Please change your life!!! Click on the link! http://youtube.com+watch=@3162039724/Yhqr
Can you afford this thing?: http://youtube.com+watch=@3162039724/orwTH
Software at the best prices: http://amzn.com@3162039724/f3ANs

It’s no secret that the past couple of weeks have been quite negative for Bitcoin and the aggregated crypto market, with many major altcoins incurring intense downtrends that have erased a significant amount of gains incurred throughout the first couple of months in 2020. Most major cryptocurrencies, however, are now nearing critical support levels that could catalyze an intense relief rally. These levels also seem to coincide with a massive pennant that that total crypto market cap has been caught within, leading one analyst to note that the market could be preparing for “something huge.”At the time of writing, Bitcoin is trading down marginally at its current price of $8,730, which marks a notable climb from daily lows of $8,400 that were set when bears attempted to catalyze an intense selloff overnight. Bulls were able to step up and absorb the majority of this selling pressure, subsequently allowing BTC to reclaim its key support level at $8,700. This BTC volatility led the aggregated crypto market to move in tandem, with many major altcoins posting decisive bounces from their daily lows. Crypto Michaël – a prominent cryptocurrency trader and former full-time trader at the Amsterdam Stock Exchange – spoke about the markets in a recent tweet, explaining that he is anticipating BTC and major altcoins to drop slightly further before they find intense support. The notion that Bitcoin and the market will drop further before finding some significant uptrend-catalyzing support isn’t unique to Michaël, as Murad – another highly respected analyst – recently offered a very interesting chart showing the total crypto market capitalization. While looking at the chart, it does appear that the market is trading within a massive flag, with this potentially meaning “something huge” is looming on the horizon. If the crypto market does dip lower before incurring some intense upwards momentum, it is possible that this formation will be validated, meaning that a massive movement is imminent.

All data is taken from the source: https://www.newsbtc.com/
Article Link: https://www.newsbtc.com/2020/02/29/something-huge-is-brewing-in-the-crypto-market-factors-to-watch/

#market #apollocoin #gbtcprice #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

Something “Huge” is Brewing in the Crypto Market; Factors to Watch: https://www.youtube.com/watch?v=FvyTNj__Ywg