Market Analysis for 26.09.2020 Bitcoin moved as predicted ye | Your Crypto Boss

Market Analysis for 26.09.2020

Bitcoin moved as predicted yesterday, remaining in the range of 10500-10700. In fact, it didn't drop below 10600, the drops below were quickly redeemed. There have been three attempts above 10750, they have not yet succeeded, and the main crypto currency has been trading for more than 8 hours in the narrow range of 10650-10680.

Market capitalisation 342 billion, dominance index 57.9%

The stock markets showed growth yesterday, with the S&P 500 up 1.6% and closing at 3,298 and over 3,300 during the session. But the dollar index is still growing, which means that investors are still running from risk and market growth is local.

Buffet is working on mistakes: he has invested in Snowflake, a data processing company. Apparently, his grandfather realized that investments in banks, oil companies and Coca-Cola will not be particularly successful in the 21st century. So soon he will realize that Bitcoin too must be bought. The ability to learn and recognize one's mistakes is respected; this is one of the reasons for the success Buffet has achieved in investment.

Everything on the crypto market is calm and generally positive; Bitcoin was in range yesterday despite the exportation of options and futures. CCE closed at 10610. Since 24 September, market capitalisation has increased by almost 20 billion and altcoins are coming alive.

New futures open on Monday. And if the price is pressed down to 10500-10300-10200 in order to open them lower, it is a good sign. Worse, if the price is pushed towards 11K for the opening of the futures.

I think the idea is clear - if they take futures with a view to growth, it makes sense to take them as low as possible. And if they fall, it's the other way around.
A high dollar index is also not in favour of growth.

Over the weekend, I expect Bitcoin to be in the range of 10800-10500, and exiting that range is likely to be a false breakthrough.

In the morning there was information about a break-in on the Kucoin exchange. They admitted it, but stated that everyone is in control and all losses will be covered by the insurance fund. But they can raise the FUD wave around the amount stolen and its impact on the market. Official statement.

The good news is that in China, the official media and television are calling Bitcoin the most effective asset for 2020. Considering the investment potential of the Chinese, this is very good news.

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