Bitcoin & Crypto Try to Reverse Losses, but Short-Term Hurdles Remain While Surveys Send Positive Signs

Categories: Bitcoin

Major cryptoassets including bitcoin (BTC) and ethereum (ETH) trimmed earlier losses, and traded in positive territory for the past 24 hours Friday afternoon in Europe. Friday’s turnaround followed a sell-off on Thursday, with some analysts saying low volumes and technical resistance ahead could weigh on sentiment.The moves today followed a sell-off yesterday, after the price of bitcoin got rejected at the important 200-day moving average, which now sits at around USD 48,290. However, with strong support found in the USD 45,000 area from two prior market peaks, it appears as if BTC can avoid falling back below this key level.

The survey, conducted by London-based crypto hedge fund Nickel Digital Asset Management, further found that money managers saw tokenization of other assets as a potential use case, in addition to using crypto as a way to make payments, both nationally and internationally.The results of the survey came as strategists at the major asset manager VanEck said in a note on March 30 that BTC could reach a price as high as USD 4.8m if it replaces fiat currency to become the next global reserve asset.

As reported by multiple media outlets, the survey found that 60% of the Goldman Sachs clients polled expect to increase their digital asset holdings over the next 1 to 2 years. In addition, the survey found that 51% of those polled already had some exposure to crypto, an increase from 40% last year.Meanwhile, commenting in his latest newsletter, Quantum Economics founder & CEO Mati Greenspan said that the psychological resistance around USD 50,000 is still a “big hurdle” for bitcoin to overcome. “It's not an easy walnut to crack, and with the current volumes, it seems nearly impossible,” Greenspan said.

He added that due to low trading volumes across exchanges, a more likely scenario could be “a pullback and then a test of the support level at USD 45,000.”And according to Greenspan, even that level is not likely to hold.“I wouldn't expect that support level to hold up very well at all. However, you never really know,” Greenspan concluded.

Top articles
Since record high in November 2021, Bitcoin plummets to almost half its value Published at:- Here's how to use Bitcoin Motion Published at:- Bitcoin tumbles below $40,000-mark Published at:- Steam Co-founder Reveals Why The Platform Dropped Bitcoin Support Published at:- Bitcoin Rises Despite Geopolitical Tensions Published at:- Cryptoverse: The young HODLers keeping bitcoin on an even keel Published at:- Top Narratives About Ethereum and Its Merge with Its Proof-of-Stake Beacon C Published at:- Bitcoin & Crypto Try to Reverse Losses, but Short-Term Hurdles Remain While Surveys Send Positive Signs Published at:- Breaking Bitcoin Resistances, Doggycoin Moves, Exploited Bridge, Unhosted Propagandas and 20 Crypto Jokes Published at:- Bitcoin (BTC) Drops to $40,000 After Creating Bearish Engulfing Candlestick Published at:- Mayer Multiple Gives Bottom Signal: Bitcoin (BTC) on-Chain Analysis Published at:- Bitcoin Suisse adopts decentralized Liquity as lending product Published at:- Meaningless and weak: Debunking the ‘Bitcoiners are psychopaths’ study Published at:- Crypto Analyst Explains What Needs To Happen for Bitcoin Price To Reach $1 Million Published at:- Bitcoin ($BTC) and Ethereum ($ETH) Will Hit New Highs This Year, Says Celsius’ CEO Published at:- Bitcoin Falls Back To $40,000 As Fed Mulls Faster Rate Bumps Published at:- Bitcoin Price Prediction for Today April 22: BTC Price Slumps above $40K as It Attracts Selling Pressure Published at:- Bitcoin fundamentals remain solid suggesting a potential bull-run in the near term Published at:- Bitcoin Slips Below $40k After Hostile Statements From Fed Published at:- This real estate investor has a side hustle mining more than $110,000 in bitcoin every month Published at:- Is MicroStrategy Selling Bitcoin Secretly? Published at:- Veteran Trader Peter Brandt Says Bitcoin Price ‘Could Go to $27K’ Published at:- Veteran Trader Peter Brandt Says Bitcoin Price ‘Could Go to $27K’ Published at:- Is MicroStrategy Selling Bitcoin Secretly? Published at:- Bitcoin Turns Red, Why BTC Could Dive Below DOLLAR39K Published at:- Bitcoin (BTC) and the Broader Market Slide as Risk Aversion Bites Published at:- Ethereum Whale Transactions Climb As Correlation With S&P 500 Continues Published at:- What is In A Name? Ethereum Domain Name Sales Climb 2,300per Published at:- Institutional Investors Bearish On Bitcoin, Ethereum. Here’s What They’re Buying Published at:- Bitcoin Key Indicators Suggest Strengthening Case For Decent Increase Published at:- Bitcoin: Warren Buffett Wouldn't Want All the BTC in the World for $25 Published at:- Bitcoin Collapses By Most In Nearly A Month – Its Golden Days Are Over? Published at:- Bitcoin Plunges 10per as Nasdaq Tumbles, Backfires Published at:- Bitcoin drops below dollar36,000 amid broader market sell-off Published at:- Bitcoin Price Breakdown Looks Real, Why BTC Could Dive Below dollar35K Published at:- Bitcoin Broke Above The Multi-Week Resistance; What’s Next Published at:- Bitcoin ETP Outflows Spell Bearish Sentiment Among Institutional Investors Published at:- Avoid ‘evil’ Bitcoin and stay sane: Investing wisdom from Warren Buffett and Charlie Munger Published at:- Bitcoin Flirts With Lowest Level Since 2021 as Equities Swoon Published at:- Bitcoin whales sell as exchange inflows hit 1.7 million coins Published at:- Bitcoin Down to Levels Last Seen in July 2021, Analyst Says Fall to dollar24.3K ‘Entirely Possible’ Published at:- Bitcoin Tumbles Below dollar33,000 to Lowest Level Since July 2021 Published at:- Bitcoin Price Prediction for Today, May 9: BTC Trades Below $33,000 as Bears Show-up Heavily Published at:- Bitcoin Price Prediction for Today, May 9: BTC Trades Below dollar33,000 as Bears Show-up Heavily Published at:- Major Buying Opportunity With Bitcoin, Ethereum, XRP, Solana Price Crashing? Published at:- A dollar3.5 billion bet on bitcoin becoming a ‘reserve currency’ for crypto is being put to the test Published at:- African Central Banks Not Happy With CAR Bitcoin Adoption Published at:- Instagram To Integrate Ethereum And Solana NFTs Published at:- Market Downtrend Trigger Bitcoin Inflows From Institutional Investors Published at:- 40per of Bitcoin ($BTC) Investors Are Now Sitting on Unrealized Losses Published at:- Bitcoin Breaks Below dollar30,000 After Hotter-Than-Expected CPI Data Published at:- Bitcoin Falls to dollar26,000 as Crypto Selloff Intensifies Published at:- Bitcoin, Ethereum on the rise after horror week for cryptocurrency Published at:- Tipping point behind crypto ‘death spiral’ which saw $200 billion wiped in just one day Published at:- Legendary Investor Mark Mobius Sees Bitcoin Collapsing to dollar10K Published at:- Bitcoin Mining Stocks Have Been Hammered in 2022 Published at:- How a bitcoin market ‘in extreme fear’ compares to the past, and what to expect next Published at:- Crypto Shorts See $240M Flush As Bitcoin Rebounds Back Above dollar30k Published at:- Bitcoin Bloodbath Awakens Sleepy Giant As Spot Volumes Surge Published at:- Futures Jump Amid Optimism China's Covid Lockdowns Are Ending Published at:- El Salvador’s President Bukele Hosts 44 Countries to Discuss Bitcoin Adoption Published at:- Bitcoin Argentina NGO to Take Crypto Education to Schools Published at:- CZ Debunks WSJ Article on Insider Trading, States Binance Has a Zero-Tolerance Policy on Such Activities Published at:- Bitcoin and Ethereum on the Rise: Will They Break 7 Consecutive Weeks of Declines? Published at:- Bitcoin could fall to $8,000, a more than 70% plunge, Guggenheim’s Minerd says Published at:- Bitcoin Price Stuck In Key Range, Why Dips Might Be Limited Published at:- Eight Consecutive Red Closes: Is Bitcoin Headed For A Recovery? Published at:- Bitcoin Mining Can be a Force for Good or Bad, Banning it Doesn’t Solve Anything – FTX.US President Published at:- How is SAI.TECH, a recently listed Bitcoin mining operator, driving towards carbon neutrality? Published at:- Bitcoin Price Prediction for Today, May 30: BTC Jumps Above dollar30,000 Level Published at:- Bitcoin Price in Turkey Where to Check Buy and Sell Published at:- El Salvador Postpones Bitcoin Bonds A Second Time, Here’s Why Published at:- El Salvador delays the launch of its Bitcoin bonds Published at:- Australian mayor recommends payments for taxes in Bitcoin Published at:- Bitcoin Marks First Green Weekly Close After Two Months In The Red Published at:- Bitcoin plunges below $19,000 amid highest US inflation print in 40 years Published at:- Bitcoin and Ethereum Lead Crypto Market Recovery, But It's Too Early To Celebrate: Crypto Market Review, Jul 18 Published at:- Why Is Blockchain Important For Gamblers? Or The Future Of Blockchain And Bitcoin Blockchain Published at:- Crypto is changing the way people connect to the Internet Published at:- Bitcoin and Ethereum trend below key support lines as week kicks off Published at:- Bitcoin resists equity market pressure Published at:- Federal prison sentence Bitcoiner warns users involved in OTC trading Published at:- Bitcoin Ethereum Technical Analysis BTC Above dollar21000 ETH Above dollar1700 Powell Hawkish Published at:- Bitcoin Price and Ethereum Could Make a Sustained Move Higher Published at:- Bitcoin fans pitch Satoshi Nakamoto for Nobel Prize in Financial matters Published at:- A crypto trading company needs to get quite possibly of the most seasoned bank in Germany Published at:- Bitcoin price back above USdollar20000 Ether jumps as UK votes to regulate crypto Published at:- Bitcoin Binance Coin Synthetix and eCash Day to day Value Examinations 2 November Morning Forecast Published at:- Bitcoin is currently less unpredictable than S and P 500 and Nasdaq Published at:- Bitcoin whales think BudBlockz is the best altcoin to hold in your portfolio for 2023 Published at:- Will Bitcoin Value Proceed with its Ruin Before long Published at:- How Some time Before Bitcoin Value Hits Its Base or 3 Likely Situations Published at:- Nations Where Bitcoin Is Lawful and Unlawful Published at:- New US bill requests Bitcoin diggers pronounce energy utilization Published at:- Bitcoin or crypto top 10 retreat with values on indications of expansion increase in United State Published at:- What Changes With Bitcoin Splitting or What Impacts Does a Bitcoin Dividing Have Published at:- 7 Methods for shorting Bitcoin Published at:- Bitcoin and Ethereum or Dogecoin Bounce as CPI Report Shows Cooling Expansion Published at:- How Low Could Bitcoin Value Drop In the midst of Financial exchange Plunge Published at:- Large Short Michael Burry says crypto reviews are futile Published at:- What befalls Bitcoin assuming that Binance goes down Published at:- Bitcoin Cost and Ethereum Forecast CB Customer Trust in Features Published at:- Bitcoin is at an unequivocal point in retesting the drawn out obstruction Published at:- Bitcoin dread and ravenousness file enters 'voracity' zone following 10 months Published at:- Gold versus bitcoin or Which is better and how are they related Published at:- National Bank of Sri Lanka demands Bitcoin would not fix monetary emergency Published at:- Bitcoin grips to dollar23point5K as merchant says BTC indistinguishable from 2020 breakout Published at:- Bitcoin Opinion Gets back To Impartial As Value Tumbles Down Published at:- Bitcoin Cost Amazingly Corresponded to This Stock for quite a long time Published at:- This Week in Coins or Bitcoin and Ethereum See First Seven day stretch of Misfortunes This Year Published at:- Bitcoin mining is more terrible for the climate since China prohibited it, a new study says Published at:- Understanding the Bitcoin Lightning Network Capacity Published at:- Bitcoin Adoption on the Ascent or How It Affects the Future of Cryptocurrency Published at:- Bitcoin Mining and Tips for Productive and Economical Mining Practices Published at:-
Cryptotokensnews Team
The content on cryptotokensnews.com website is created by expert teams.Crypto tokens news ,cryptocurrency, Bitcoin , NFT , crypto News US , cryptotokensnews.com .