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Crypto Market Update

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Crypto Market Update

State of the marketplace

A quick update from CryptoCaptain: Not much has actually been going on pricewise in recent weeks’ crypto markets. Rate and belief have been uncertain between bull and bear. Rate hikes in the United States are on the horizon to counter high inflation. This is generally bad for both equities and crypto. However the concerns is, whether it has been currently priced in. In case it is, there may be even the possibility of some upside capacity. Constant with this concept, sentiment has been becoming a little bullish in the last days. And onchain metrics hint likewise to some upside possible as whales are stated to increase their holdings, transfers to cold wallets have increased, and the Bitcoin hash rate is at an all time high. Let’s wait and see. CryptoCaptain’s algos will keep you published (in case you are a member) once they identify a good chance. Register now for peace of mind! On the other hand, I’m spending my time to deal with new interesting algos. Stay tuned.

< img width="1203"height="702"src ="https://cryptocaptain.com/engine/wp-content/uploads/2022/05/Pasted.png" srcset ="https://cryptocaptain.com/engine/wp-content/uploads/2022/05/Pasted.png 1203w, https://cryptocaptain.com/engine/wp-content/uploads/2022/05/Pasted-300x175.png 300w, https://cryptocaptain.com/engine/wp-content/uploads/2022/05/Pasted-1024x598.png 1024w, https://cryptocaptain.com/engine/wp-content/uploads/2022/05/Pasted-768x448.png 768w" sizes ="(max-width: 1203px )100vw, 1203px"> Weekly Bitcoin chart with Heikin Ashi candle lights(source: Tradingview.com)What is the market belief? During April 2022, the crypto market belief was basically uncertain between bull and bear. Now, it has started to shift towards bullish. However wait, this is not a signal to buy. Our algorithms take into account several factors. Register for find out more.

Crypto Market Sentiment
Crypto Market Belief (source: https://cryptocaptain.com)Published at Sun, 01 May 2022 19:13:54


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