Bitcoin Bear Market: Is It Over Now? March 30th @TKThomas Kuhn, CFA. Crypto, Markets, Trading. We take a look at Bitcoin from the technical perspective. In this paper we illustrate why we think that Bitcoin has hit its low but that the ghost of the Bear market . Analyst: Bear Market Not Over Yet, Bitcoin to Resume Downtrend Soon Mati Greenspan // LinkedIn Bitcoin could be in the last phase of the bear market but several analysts believe there is still a long way to go before the dominant cryptocurrency recovers to previous levels. over, but bitcoin Bitcoin nears its. Why Today's Bitcoin Rally is still here. bear market - Quartz has been by What is a bear The “Nature” argument We're 92 percent in , do you know if mainstream financial Over bear market is over, — Still, the drop zoologists, but bulls tend may be over.
Bitcoin bear market not overAnalyst: Bear Market Not Over Yet, Bitcoin to Resume Downtrend Soon
With the daily volume of cryptocurrencies, especially assets outside of Bitcoin and Ethereum, at yearly lows, a breakout above key resistance levels seems unlikely in the short-term.
Speaking to Bloomberg, eToro senior market analyst Mati Greenspan said that BTC is still closer to the bottom than the top and thus it may see an increase in demand from investors as its low price range appeals to both retail traders and institutional investors. Greenspan said :. Usually the best thing to do is to buy low and sell high. So if we are going by technical analysis we can very easily see on the chart that we are much closer to the bottom than we are to the top.
We see new projects coming online. We see all kind of indication that people are getting more and more involved in the market.
If the Gold market had already breached highs and traded on the other side of — then we might expect this kind of panic bid into Bitcoin now.
Similarly, when the Bitcoin market breaks the bearish narrative we expect some aggressive buying. But in global markets medium term a monetary value trade is coming. A terrific battle is playing out in Gold that is reminiscent of a larger problem playing out in the financial markets. In normal conditions the size leverage of the paper markets gives it significant control over the actual physical commodity market.
We have recently seen how dynamic of spot vs paper can dramatically change in oil markets. A disconnection between ethereal paper markets and the physical reality of exchanging goods is part of the systematic risk revealed by the Coronavirus. A short-circuit of the financial valuation process had occurred in equity markets where monetarist economics was propping up asset prices with the Fed intervention. This paper-market intervention is realising physical realities at present and fixed interest assets have similar problems.
We think that the present time is full of physical realities coming home to haunt the full set of financial markets disconnected from them and that it could continue for some time in non-government corporate bonds and other places for some time. March 30th Bitcoin Performance: Bitcoin has surged in price and hit all-time highs in December.
Related Link: 8 Stocks To Play Bitcoin's ResurgenceStock Performance: Many of the stocks associated with bitcoin have surged in , including miners and cryptocurrency trading platforms. Benzinga does not provide investment advice. All rights reserved. Nouriel Roubini, aka Dr. Doom, slams Bitcoin and other cryptocurrencies as being driven by manipulation.
The gain is twice the advance of the next best performer on the gauge. Space Exploration Technologies Corp. A listing would give investors a chance to buy into one of the most promising operations within the closely held company.
Investors have to this point had limited ways to own a piece of SpaceX, which has become one of the most richly valued venture-backed companies in the U. In addition to a contract from NASA for a version of its next-generation Starship spacecraft that can land astronauts on the moon in , SpaceX also has an agreement with a Japanese entrepreneur for a private flight around the moon in And it will be ready to launch its first Starship flight to Mars in , Musk said earlier this month.
For more articles like this, please visit us at bloomberg. These are the top dividend stocks in the Russell with the highest forward dividend yield for January. Beijing is targeting the e-commerce giant and its co-founder. Regulators are likely to go after other companies too. A series of events — allegations of fraud committed by founder Trevor Milton, his subsequent resignation, a severely underwhelming deal with General Motors — have sent investors to the exit gates. Now it looks like even the trash wants nothing to do with Nikola.
On Wednesday, the company announced that its plan to design and build BEV garbage refuse trucks for waste collection company Republic Services has collapsed. The company has cited that the cost to build the trucks would be higher than expected and would take too long, after both sides concluded that building the refuse truck using the Nikola Tre as its base would not work.
Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only.
It is very important to do your own analysis before making any investment. Since then, its stock has taken a remarkable rise. Why is a bit of a mystery. Tech stocks along with banks, aerospace, retail, and many other sectors have all had "their day in the sun" and now is the time for investors to pay closer attention to a "dream market" of alternative fuel companies, according to Jim Cramer.
EV Play: Self-driving electric vehicles won't be possible without companies that manufacture the technology that powers the cars. EV cars will need access to charging stations. Why The Interest: These "alternative energy-adjacent companies" boast expertise in unique technologies that used to be "too expensive" but have now become a lot cheaper to produce, Cramer said.
The group is also benefiting from a potential catalyst from a Joe Biden administration that will be more supportive of alternative energy, Cramer said. What Happened: On Wednesday, Inovio published a paper including Phase 1 data on INO, which was found to have been immunogenic in all test subjects.
In addition, Phase 1 testing generated no serious adverse safety events and only six Grade I adverse events, which were mostly minor injection site reactions. Yet Moderna's vaccine must be stored and transported at temperatures of negative 20 Celsius, and Pfizer's vaccine must be stored and transported at temperatures of negative 70 Celsius, colder than winter temperatures in Antarctica. INO, on the other hand, is stable at room temperature for more than one year.
It also doesn't need to be frozen during transporter storage, potentially making it faster and more cost-effective to distribute. Benzinga's Take: Assuming it is as effective and safe as competing vaccines, Inovio's candidate could ultimately end up being the standard-bearer for COVID and future coronavirus vaccine variants.
Bitcoin had an impressive year in , assuming there is no year-end meltdown. Well, almost no one. Believe it or not, being alerted to huge winners before they stage breakout rallies has become par for the course at The Daily 10X. That much is certain. Thanks to falling costs, shifting laws, and improving technology, electric cars, busses, vans and trucks will increasingly become the global norm.
But ubiquity for electric vehicles is a long way off. By extension, nearly all of the automotive manufacturing capacity in the world is wired to create gas and diesel vehicles. But we need to reduce carbon emissions now. Today, there exists a big gap in the automotive market between robust demand and need for cleaner energy vehicles, and limited supply to meet that demand.
Someone has to fill that gap. They have to make some drastic changes, the sum of which will require a lot of time and money. But what if no drastic changes were needed? What if Ford and General Motors could simply make one small tweak to their manufacturing plants, and… voila, produce eco-friendly vehicles? Surely, that would fix the EV Revolution Gap, no? Xl Fleet has created a proprietary line of eco-friendly powertrains designed for medium-duty commercial vehicles that are simply plug-and-play solutions for auto makers to immediately and cost-effectively decarbonize their fleets.
The idea is simple. The company could create an entirely new manufacturing plant for the new van, which would take several quarters and millions of dollars. Or, Ford could keep its old plant, and simply swap in an XL powertrain to improve the fuel efficiency and carbon emissions profile of the van. Very little extra cost. Very little assembly line adjustment. And almost no added time. In other words, XL Fleet has created a series of powertrain solutions which can be used immediately — and without much extra cost — by fleet operators to reduce carbon emissions.
They are hybrid. These major corporations see XL powertrains as an optimal way to cheapen and accelerate their path towards being reducing emissions. Thereafter, XL Fleet will create a path for them to go fully electric. The fastest option? The most cost-effective option? The most proven option? The best option? XL powertrains. Both of those new products represent significant addressable market expansions — and could end up being game changers in their own right.
They could easily add another few billion dollars in revenue at least and few hundred million dollars in profits again, at least. On the date of publication, Luke Lango did not have either directly or indirectly any positions in the securities mentioned in this article.
Click here to find out how. Click here to sign up now. First thing's first, what are penny stocks? Penny stocks are well-known for their volatility aside from just their cheap price.
First, understand what you're buying and why you're buying it. Just saying you trade penny stocks isn't the goal. You're in the market to make money. So, identifying entry and exit targets are obviously important. What's more, is you should have a basic strategy in mind.
Are you looking at day trading penny stocks or do you have a longer-term idea in mind? Also, it's important to account for the swings in price and how fast they're happening. Case in point, small-cap stocks are red hot right now.
When finding penny stocks to buy, make sure you assess each trade independently and plan accordingly.