Crypto Market Replace – CryptoCaptain

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State of the market

A fast replace from CryptoCaptain: Not a lot has been happening pricewise in current weeks’ crypto markets. Value and sentiment have been undecided between bull and bear. Price hikes within the US are on the horizon to counter excessive inflation. That is sometimes dangerous for each equities and crypto. However the questions is, whether or not it has been already priced in. In case it’s, there is likely to be even the opportunity of some upside potential. In step with this concept, sentiment has been changing into a little bit bullish within the final days. And onchain metrics trace additionally to some upside potential as whales are mentioned to extend their holdings, transfers to chilly wallets have elevated, and the Bitcoin hash fee is at an all time excessive. Let’s wait and see. CryptoCaptain’s algos will hold you posted (in case you’re a member) as soon as they determine an excellent alternative. Enroll now for peace of thoughts! In the meantime, I’m spending my time to work on new thrilling algos. Keep tuned.

Weekly Bitcoin chart with Heikin Ashi candles (supply: Tradingview.com)

What’s the market sentiment?

Throughout April 2022, the crypto market sentiment was just about undecided between bull and bear. Now, it has began to shift in the direction of bullish. However wait, this isn’t a sign to purchase. Our algorithms take into consideration many alternative components. Subscribe to study extra.

Crypto Market Sentiment
Crypto Market Sentiment (supply: https://cryptocaptain.com)

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