Bitcoin Back Over $40,000 (+12%) And Technical Analyses (Bollinger, Ichimoku, Elliott Wave, Elder Impulse)

Sharing is Caring!

by confoundedinterest17

Bitcoin surged to over $40,000 as a flurry of short-covering intensified a rally apparently sparked by speculation over Amazon.com Inc.’s involvement in the crypto industry.

A job posting from the retail giant seeking an executive to develop the company’s “digital currency and blockchain strategy” stirred questions among analysts over whether the move could eventually lead to Amazon accepting Bitcoin as a method of payment.

See also  Evergrande's collapse has begun. The firm just entered technical default. by itself Evergrande is likely to default on more debt in value than the ENTIRETY of all assets that imploded during the entirety of the US subprime crisis.

As the largest digital token gained on the speculation, investors rushing to cover bearish bets fueled the rally, with the coin up as much as 15% to $39,681 on Monday. More than $950 million of crypto shorts were liquidated on Monday, the most since May 19, according to data from Bybt.com.

See also  El Salvador's bitcoin rollout met with protests

Compass Crypto Volatility Index Bitcoin – 20%

Both Bitcoin and Ethereum are up big today.

Bitcoin and Bollinger Bands.

Bitcoin and Ichimoku.

An Elliott Wave Analysis of Bitcoin.

Elder Impulse System and Bitcoin.

Elder Impulse does not refer to President Biden’s rambling, often incoherent speeches.

 

 

554 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.