on Monday that bitcoin will soon take out the $10,000 resistance level and traders should get on board.
"$BTC is coiling. It will take out 10k soon. All the tragic turmoil in the USA adds to the narrative. Budgets are going one way and it's the opposite of balanced. When 10k goes it will move fast. Get on the train," Novogratz tweeted.In technical analysis, a coil is also known as a symmetrical triangle charting pattern. The pattern tends to be a continuation pattern of a former trend and occurs when a security makes a series of lower highs and higher lows.
Novogratz said he thinks that turmoil spreading throughout the US only adds to the bitcoin narrative, with budget deficits likely to increase as municipalities grapple with depressed business due to the coronavirus pandemic as well as a surge in looting and rioting due to the George Floyd protests.In May, hedge fund manager Paul Tudor Jones
Done. But will it hold this level?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scooter VC investor Paul Asel says market is maturing, fewer winners - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The cost of scooters has already plummeted from a few years back that ownership in the UK is already massively on the up - even if they still are illegal. The cost of a scooter is two months of Zone 1-2 in London and costs 4p to charge a day, so it’s a logical choice of transport
Source: BusinessInsider - 🏆 729. / 51 Read more »
US stocks climb as investors look past civil unrest to the economy reopening - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. It's a bubble😅😅 The crash gon be mad
Source: BusinessInsider - 🏆 729. / 51 Read more »
US hospitals reported grim financial results for April - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. US Healthcare. Top heavy, Bottom Lite.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market live updates: First trading day of June, Dow set to rise, third straight up month?A conversation about the latest market-moving news. World in flames, but the stock market feels fine. It will collapse. Country going to be on fire and 50 million will be out of work - but hey the stock market is doing numbers 🤦♂️🤦♂️🤦♂️ Mores ex parte visibilis– Behaviour (person + machine) is the VisibleHandofMarkets HerdBehavior MarginsofSafety in global markets over -50% like DJIA globally what's next is clear CCC of every economy has increased from 30d to 150d TheEconomist
Source: CNBC - 🏆 12. / 72 Read more »