{"id":379945,"date":"2019-04-27T08:30:39","date_gmt":"2019-04-27T08:30:39","guid":{"rendered":"https:\/\/ktsl888.com\/?p=379945"},"modified":"2019-04-27T03:22:44","modified_gmt":"2019-04-27T03:22:44","slug":"as-the-digital-dust-settles-where-will-crypto-markets-go-next","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/as-the-digital-dust-settles-where-will-crypto-markets-go-next\/","title":{"rendered":"As The Digital Dust Settles, Where Will Crypto Markets Go Next?"},"content":{"rendered":"
As the digital dust begins to settle from the Bitfinex and Tether fiasco<\/a> analysts are looking for clues as to where Bitcoin prices could be heading next. Many have viewed the recent events as bearish and the instant reaction of crypto markets on Friday coupled with the media FUD storm appear to have confirmed it.<\/p>\n After hitting a new 2019 high on Wednesday of $5,650 many were hopeful of a push past the 50 week moving average and on to $6,000. By the end of the week Bitcoin had dumped to $5,180 losing around 8 percent. BTC has recovered marginally however and held above $5,250 for the past 24 hours.<\/p>\n A return to the monthly support zone of around $4,500 has been predicted by a number of crypto traders and analysts.<\/p>\n https:\/\/twitter.com\/SalsaTekila\/status\/90171136<\/p>\n Others have observed similarities with the current market structure and that of December last year. Full time crypto trader \u2018Financial Survivalism\u2019 sees more consolidation ahead for Bitcoin, even if it does fall back once again.<\/p>\n \u201cThis tells me that could be in for another prolonged period of consolidation. If it happens between $4,200 – $5,800 then be weary of the golden cross. Price needs to support above the EMA’s or else a false signal is likely. If we support > $4.7K then golden cross is likely valid.\u201d<\/p><\/blockquote>\n 1\/2 The current $BTC<\/a> market structure is looking very much like an inverse of what we saw during December 2018. First notice the bull div on the RSI with two daily red 9's. Currently we have a bear div after two green 9's. The ADX is also rolling over after spiking above 70. pic.twitter.com\/bVFt5Hx8gM<\/a><\/p>\n — Tyler Coates (@Sawcruhteez) April 25, 2019<\/a><\/p><\/blockquote>\n\n