Today is Tuesday, 30th November, and this is Cointribune’s Crypto analytics. You will learn about everything that’s been going on in the market, as well as what to expect next in our new article! Make sure to have a look at the previous instalment. Off we go!
The fear and greed index keeps climbing. However, Bitcoin (BTC) has already started to fall, press time, so the index is actually way closer to yesterday’s values than to those in the screenshot.
Now a market dump is highly possible. Before we see a new monthly candlestick chart, manipulators may step up to correct the market as they wish, and they are quite capable of dragging BTC above $60,000. So it’s better to closely monitor the market, Bitcoin in particular. It has already started out on its downward journey, however, the candlestick chart may be corrected by counter volumes at any moment.
The top alternative cryptocurrencies have slightly increased. Shiba Inu (SHIBA) almost broke into the top ten again, thanks to news about teaming up with Newegg and listing on Kraken. Bitcoin is up to a nosedive, while altcoins are sure to follow, turning weaker and weaker.
PlanB has reportedly abandoned its price forecast for this month and admitted a mistake. Nevertheless, the current collapse may well end with a pump with BTC hitting $60,000. The chances are quite small, yet the new month’s candlestick chart speaks volumes.
In case BTC doesn’t pump now, then it will easily slide down below $50,000 within the next month. This, in turn, may indicate that the crypto winter is coming. Insure your positions and be prepared for unexpected market swirls.
Shiba Inu has surged by 30% and is now the gainer of the day. The situation is very similar to a U-turn. Provided the coin manages to neutralise Bitcoin’s influence, today’s achievement could lead to a new ATH in the future.
Crypto.com Coin becomes the loser of the day, having lost about 12%. The coin approaches the lower border of the trading channel. As soon as things lighten up with Bitcoin, CRO could become a good choice for your investment portfolio.
Never forget about stop losses and don’t neglect risk management.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
|BITCOIN (BTCUSD) ₿||$29,473.70||2.76%|
|ETHEREUM (ETHUSD) Ξ||$1,951.96||2.13%|
|IMM. US (REIT)||$2,457.26||-2.91%|
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