Insights & Innovations in Cryptonaire Weekly!

Insights & Innovations in Cryptonaire Weekly!

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Dear , The S&P 500 (SPX) Index rebounded sharply from its intra-week lows to end the week on a flat note. Bitcoin also made a similar recovery from its weekly lows to finish with marginal gains of about 1%. The failure of the bears to capitalize on the weakness suggests that the lower levels are attracting buyers. The bears tried to deepen the pullback on Aug. 12, but the bulls purchased the dip in Bitcoin and are trying to maintain the price above the psychological level of $60,000. Bitcoin’s volatility is keeping traders on the edge. The Crypto Fear & Greed Index, which hit a low of 17/100 on Aug. 6, rose to 48/100 on Aug. 9 and is again back into the extreme fear zone at 25/100 on Aug. 12. Bitcoin turned down from the moving averages on Aug. 11, indicating that the bears are not willing to give up without a fight. The $55,724 level is the crucial support to watch out for on the downside. If this level breaks down, it will suggest that the sentiment remains negative and traders are selling on rallies. That will open the doors for a fall to $49,000. On the contrary, if the bulls push the price above the moving averages, it will signal buying on dips. The BTC/USDT pair may then start its march toward $70,000. The sellers are expected to fiercely defend the $70,000 to $73,777 zone. Lastly please check out the advancement’s happening in the cryptocurrency world. READ NOW BINANCE LABS BOOSTS SALONA BITCOIN NEARS $58K AS MARKET ETHER ETF WEEKLY FLOWS TURN Top Article This Week! CRYPTOGAMES REVOLUTIONIZING THE YIELD CURVE IS INVERTED NINE REASON I'M STAYING BULLISH The information you’ll find in this email is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgment and perform due diligence before using the information in this email. Your success is still up to you. Nothing in this email is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. We also recommend that you check all UK laws to make sure you are in compliance when you create your online business. If you break the city or other local laws, we will not be held liable for any damages you incur

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