मूल्य विश्लेषण 2/23: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT - BitcoinEthereumNews.com
BTC and altcoins flashed a few bullish signals today, but traders say $38,000 is still the level Bitcoin needs to close above before a reversal can begin. Bitcoin (BTC) and several altcoins have bounced off their immediate support levels after buyers attempted to arrest the current decline. Bloomberg Senior Commodity Strategist Mike McGlone highlighted in a recent Tweet that Bitcoin was trading roughly 20% below its 50-week moving average and such discounted levels have “often resulted in good price support.” The bearish price action of the past few days does not seem to have deterred the institutional traders from accumulating at lower levels. According to CoinShares Feb. 22 “Digital Asset Fund Flows Weekly” report, institutional investors pumped about $89 million into Bitcoin funds between Feb. 14 and Feb. 18, taking the total inflows in the current month to $178.3 million. दैनिक क्रिप्टोक्यूरेंसी बाजार का प्रदर्शन। स्रोत: Coin360 Crypto traders do not seem to be too scared by the current 50% correction. In a survey conducted by Deutsche Bank, only about 35% of the respondents said they would reduce their trading in an extremely bearish crypto market condition. A majority, more than 70%, said they planed to increase their crypto activity over the next six