Bitcoin Is Facing a Make-or-Break Moment, Technicals Show_老虎社区_美港股上老虎

Bitcoin Is Facing a Make-or-Break Moment, Technicals Show

Bloomberg2021-04-29

Cryptocurrency reached record high $64,870 earlier this month Token now hovers between 50-day and 100-day moving averages Bitcoin is facing a make-or-break moment following a recent bout of selling, ...

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DragonKC
·2021-04-30
Bitcoin too big to fail.
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手可摘棉花
·2021-04-29
Make! Not break!
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2
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burdess
·2021-04-29
like please
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3
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- VictorLin:
  🚀🚀🚀
  2021-04-29
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股神徒孙
·2021-04-29
Not good
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4
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hellojo
·2021-04-29
Oh no
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3
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- 张家二少爷:
  oh no
  2021-04-29
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Gibbie
·2021-04-29
Eth
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3
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LEEQF
·2021-04-29
Like n comment here? Let’s talk!
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2
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- Huatmoney:
  Done
  2021-04-29
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- LEEQF:
  Thank u bro! Made any profits recently?
  2021-04-29
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- Nickeando:
  Ok Done please click thIs comment to response back tks
  2021-04-29
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DerrickC
·2021-04-29
Btc will fly
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2
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- khe:
  Nice
  2021-04-29
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miaomee
·2021-04-29
up
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4
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- shwu:
  Please like and comment. Thank you
  2021-04-29
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- Huatmoney:
  Done Reply pls
  2021-04-29
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- miaomee:
  Great
  2021-04-29
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SingYourLife
·2021-04-29
pls like and comment me thanks
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1
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- Kqqq:
  Done
  2021-04-29
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- SingYourLife:
  Thanks
  2021-04-30
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Sebas997
·2021-04-29
btc will rise ...
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2
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- shwu:
  Please like and comment. Thank you
  2021-04-29
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- Sebas997:
  [Happy]
  2021-04-29
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Ashraf
·2021-04-29
Up the bitcoin
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4
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- shwu:
  Please like and comment. Thank you
  2021-04-29
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- Nickeando:
  Done could you click mine too and comment tks
  2021-04-29
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HH浩
·2021-04-29
Rightly so, is the aplenty of money printing that cause the problem
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5
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- angelA:
  Comment pls
  2021-04-29
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- HH浩:
  Printing of money cause the scarcity of everything that Money can buy...
  2021-04-29
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- shwu:
  Please like and comment. Thank you
  2021-04-29
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查看更多 2 条评论
StephenC
·2021-04-29
Bitcoin will make it
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Blissfully
·2021-04-29
Bitcoin will continue to make its way.
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thesushimao
·2021-04-29
Bitcoin to the moon!!!
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ItsRileyReid
·2021-04-29
Like and comment pls :)
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3
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- 4ebeaef4:
  Pls reply to me
  2021-04-29
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- SingYourLife:
  CommeNed
  2021-04-29
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hmmwvms
·2021-04-29
Risky
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cheffun
·2021-04-29
Nice
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1
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keaty
·2021-04-29
Longer term still an opportunity.Strong faith in it will be rewarded!
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3
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- SingYourLife:
  Yes HODL!!!!
  2021-04-29
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Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":103128197,"gmtCreate":1619757975619,"gmtModify":1634210125347,"author":{"id":"3577178099298017","authorId":"3577178099298017","name":"DragonKC","avatar":"https://static.tigerbbs.com/f90c63c67a4e5f91e9dc0159f5b853ab","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Bitcoin too big to fail.&nbsp;","listText":"Bitcoin too big to fail.&nbsp;","text":"Bitcoin too big to fail.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103128197","repostId":1144032670,"repostType":2,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109812137,"gmtCreate":1619682856929,"gmtModify":1634210759487,"author":{"id":"3579342217954724","authorId":"3579342217954724","name":"手可摘棉花","avatar":"https://static.tigerbbs.com/eb5d81ca4420febc27175fcd21eb90b2","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"Make! Not break!&nbsp;","listText":"Make! Not break!&nbsp;","text":"Make! Not break!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109812137","repostId":1144032670,"repostType":2,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109146896,"gmtCreate":1619677114415,"gmtModify":1634210787190,"author":{"id":"3582717601667302","authorId":"3582717601667302","name":"burdess","avatar":"https://static.tigerbbs.com/a17f2b2e5a6a0f0cee2c197cc22ac550","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"like please&nbsp;","listText":"like please&nbsp;","text":"like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/109146896","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4170255,"gmtCreate":1619685420776,"gmtModify":1635508159908,"authorId":3561029602854131,"author":{"id":3561029602854131,"authorId":3561029602854131,"name":"VictorLin","avatar":"https://static.tigerbbs.com/8fd797c0a3e81d0a5a149ede57c53dc2","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109146896,"type":1,"supId":0,"prevId":0,"content":"🚀🚀🚀","text":"🚀🚀🚀","html":"🚀🚀🚀"}],"langContent":"EN"},{"id":109184132,"gmtCreate":1619673535626,"gmtModify":1634210812403,"author":{"id":"3573474804628073","authorId":"3573474804628073","name":"股神徒孙","avatar":"https://static.tigerbbs.com/ac59f7fc64d3e018af70687bdddf30c2","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Not good","listText":"Not good","text":"Not good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109184132","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109183511,"gmtCreate":1619672863533,"gmtModify":1634210816509,"author":{"id":"3579348570026993","authorId":"3579348570026993","name":"hellojo","avatar":"https://static.tigerbbs.com/a01d3a5321c3e239c9873e21529537e7","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/109183511","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4169010,"gmtCreate":1619672964461,"gmtModify":1635508255393,"authorId":3578640057424295,"author":{"id":3578640057424295,"authorId":3578640057424295,"name":"张家二少爷","avatar":"https://static.tigerbbs.com/5fa13e8a4280571a99e7326302f11926","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109183511,"type":1,"supId":0,"prevId":0,"content":"oh <u>no</u>","text":"oh <u>no</u>","html":"oh <u>no</u>"}],"langContent":"EN"},{"id":109189283,"gmtCreate":1619672774342,"gmtModify":1634210817216,"author":{"id":"3564398446314499","authorId":"3564398446314499","name":"Gibbie","avatar":"https://static.tigerbbs.com/ac29ad2a0a11289a908ae00b770dc0c5","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Eth","listText":"Eth","text":"Eth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109189283","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109180747,"gmtCreate":1619672742589,"gmtModify":1634210817824,"author":{"id":"3572235673675008","authorId":"3572235673675008","name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Like n comment here? Let’s talk!&nbsp;","listText":"Like n comment here? Let’s talk!&nbsp;","text":"Like n comment here? Let’s talk!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/109180747","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4168965,"gmtCreate":1619672764383,"gmtModify":1635508259985,"authorId":3579523962373263,"author":{"id":3579523962373263,"authorId":3579523962373263,"name":"Huatmoney","avatar":"https://static.tigerbbs.com/b4513f3d6c5b842d70f3a1a7af1a1afa","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109180747,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"},{"id":4168981,"gmtCreate":1619672822336,"gmtModify":1635508258372,"authorId":3572235673675008,"author":{"id":3572235673675008,"authorId":3572235673675008,"name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109180747,"type":1,"supId":4168965,"prevId":0,"content":"Thank u bro! Made any profits recently?","text":"Thank u bro! Made any profits recently?","html":"Thank u bro! Made any profits recently?"},{"id":4169144,"gmtCreate":1619674186522,"gmtModify":1635508244167,"authorId":3574931340480508,"author":{"id":3574931340480508,"authorId":3574931340480508,"name":"Nickeando","avatar":"https://static.tigerbbs.com/949cb99f55161bbf42890e5fd6aefb02","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109180747,"type":1,"supId":0,"prevId":0,"content":"Ok   Done please click thIs comment to response back tks ","text":"Ok   Done please click thIs comment to response back tks ","html":"Ok   Done please click thIs comment to response back tks "}],"langContent":"EN"},{"id":109118417,"gmtCreate":1619672327639,"gmtModify":1634210822568,"author":{"id":"3571496827776013","authorId":"3571496827776013","name":"DerrickC","avatar":"https://static.tigerbbs.com/e597f441411c3dba94a89dc37058d7f4","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Btc will fly","listText":"Btc will fly","text":"Btc will fly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/109118417","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4169068,"gmtCreate":1619673365449,"gmtModify":1635508250948,"authorId":3581005833050650,"author":{"id":3581005833050650,"authorId":3581005833050650,"name":"khe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109118417,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"}],"langContent":"EN"},{"id":109113926,"gmtCreate":1619672104765,"gmtModify":1634210825083,"author":{"id":"3569375896365334","authorId":"3569375896365334","name":"miaomee","avatar":"https://static.tigerbbs.com/fd309d5a46384576888494b61b0e5953","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"up","listText":"up","text":"up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/109113926","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4168877,"gmtCreate":1619672287977,"gmtModify":1635508268993,"authorId":3568393360647869,"author":{"id":3568393360647869,"authorId":3568393360647869,"name":"shwu","avatar":"https://static.tigerbbs.com/9e8515115b8883df9c91ae8997c11a84","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109113926,"type":1,"supId":0,"prevId":0,"content":"Please like and comment. Thank you","text":"Please like and comment. Thank you","html":"Please like and comment. Thank you"},{"id":4168973,"gmtCreate":1619672792981,"gmtModify":1635508259243,"authorId":3579523962373263,"author":{"id":3579523962373263,"authorId":3579523962373263,"name":"Huatmoney","avatar":"https://static.tigerbbs.com/b4513f3d6c5b842d70f3a1a7af1a1afa","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109113926,"type":1,"supId":0,"prevId":0,"content":"Done Reply pls ","text":"Done Reply pls ","html":"Done Reply pls "},{"id":4172629,"gmtCreate":1619704708681,"gmtModify":1635507982451,"authorId":3569375896365334,"author":{"id":3569375896365334,"authorId":3569375896365334,"name":"miaomee","avatar":"https://static.tigerbbs.com/fd309d5a46384576888494b61b0e5953","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109113926,"type":1,"supId":4168877,"prevId":0,"content":"<u>Great</u>","text":"<u>Great</u>","html":"<u>Great</u>"},{"id":4172638,"gmtCreate":1619704735333,"gmtModify":1635507981840,"authorId":3569375896365334,"author":{"id":3569375896365334,"authorId":3569375896365334,"name":"miaomee","avatar":"https://static.tigerbbs.com/fd309d5a46384576888494b61b0e5953","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109113926,"type":1,"supId":4168973,"prevId":0,"content":"Great","text":"Great","html":"Great"},{"id":4188999,"gmtCreate":1619838829045,"gmtModify":1635506558251,"authorId":3569375896365334,"author":{"id":3569375896365334,"authorId":3569375896365334,"name":"miaomee","avatar":"https://static.tigerbbs.com/fd309d5a46384576888494b61b0e5953","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109113926,"type":1,"supId":4168973,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"},{"id":109137767,"gmtCreate":1619671959059,"gmtModify":1634210827226,"author":{"id":"3581681754105950","authorId":"3581681754105950","name":"SingYourLife","avatar":"https://static.tigerbbs.com/fd0b735d5634aa1f5b3ba8c8099da765","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"pls like and&nbsp;comment me thanks&nbsp;","listText":"pls like and&nbsp;comment me thanks&nbsp;","text":"pls like and comment me thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109137767","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4170569,"gmtCreate":1619688153722,"gmtModify":1635508140672,"authorId":3572660301203475,"author":{"id":3572660301203475,"authorId":3572660301203475,"name":"Kqqq","avatar":"https://static.tigerbbs.com/f0055eb0f3a7486450d414d868c7bb4e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109137767,"type":1,"supId":0,"prevId":0,"content":"<u>Done</u>","text":"<u>Done</u>","html":"<u>Done</u>"},{"id":4180787,"gmtCreate":1619768960434,"gmtModify":1635507256648,"authorId":3581681754105950,"author":{"id":3581681754105950,"authorId":3581681754105950,"name":"SingYourLife","avatar":"https://static.tigerbbs.com/fd0b735d5634aa1f5b3ba8c8099da765","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109137767,"type":1,"supId":4170569,"prevId":0,"content":"Thanks","text":"Thanks","html":"Thanks"}],"langContent":"EN"},{"id":109135687,"gmtCreate":1619671735949,"gmtModify":1634210829010,"author":{"id":"3574939149444540","authorId":"3574939149444540","name":"Sebas997","avatar":"https://static.tigerbbs.com/3f8d93c1ba9f0a0ae56af713df14b69f","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"btc will rise ...&nbsp;","listText":"btc will rise ...&nbsp;","text":"btc will rise ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109135687","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4168878,"gmtCreate":1619672299422,"gmtModify":1635508268868,"authorId":3568393360647869,"author":{"id":3568393360647869,"authorId":3568393360647869,"name":"shwu","avatar":"https://static.tigerbbs.com/9e8515115b8883df9c91ae8997c11a84","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109135687,"type":1,"supId":0,"prevId":0,"content":"Please like and comment. Thank you","text":"Please like and comment. Thank you","html":"Please like and comment. Thank you"},{"id":4171012,"gmtCreate":1619693161195,"gmtModify":1635508109228,"authorId":3574939149444540,"author":{"id":3574939149444540,"authorId":3574939149444540,"name":"Sebas997","avatar":"https://static.tigerbbs.com/3f8d93c1ba9f0a0ae56af713df14b69f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109135687,"type":1,"supId":4168878,"prevId":0,"content":"[Happy]","text":"[Happy]","html":"[Happy]"}],"langContent":"EN"},{"id":109132642,"gmtCreate":1619671654486,"gmtModify":1634210829997,"author":{"id":"3570799900748215","authorId":"3570799900748215","name":"Ashraf","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Up the bitcoin","listText":"Up the bitcoin","text":"Up the bitcoin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109132642","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4168879,"gmtCreate":1619672305061,"gmtModify":1635508268745,"authorId":3568393360647869,"author":{"id":3568393360647869,"authorId":3568393360647869,"name":"shwu","avatar":"https://static.tigerbbs.com/9e8515115b8883df9c91ae8997c11a84","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109132642,"type":1,"supId":0,"prevId":0,"content":"Please like and comment. Thank you","text":"Please like and comment. Thank you","html":"Please like and comment. Thank you"},{"id":4169149,"gmtCreate":1619674206557,"gmtModify":1635508243797,"authorId":3574931340480508,"author":{"id":3574931340480508,"authorId":3574931340480508,"name":"Nickeando","avatar":"https://static.tigerbbs.com/949cb99f55161bbf42890e5fd6aefb02","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109132642,"type":1,"supId":4168879,"prevId":0,"content":"Done could you click mine too and comment tks ","text":"Done could you click mine too and comment tks ","html":"Done could you click mine too and comment tks "}],"langContent":"EN"},{"id":109131608,"gmtCreate":1619671438204,"gmtModify":1634210831796,"author":{"id":"3582015516749888","authorId":"3582015516749888","name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Rightly so, is the aplenty of money printing that cause the problem","listText":"Rightly so, is the aplenty of money printing that cause the problem","text":"Rightly so, is the aplenty of money printing that cause the problem","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/109131608","repostId":1144032670,"repostType":2,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4168762,"gmtCreate":1619671533988,"gmtModify":1635508280840,"authorId":3566524398877459,"author":{"id":3566524398877459,"authorId":3566524398877459,"name":"angelA","avatar":"https://static.tigerbbs.com/e50185d396d432695a2f2d904ac22dda","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109131608,"type":1,"supId":0,"prevId":0,"content":"Comment pls","text":"Comment pls","html":"Comment pls"},{"id":4168771,"gmtCreate":1619671582763,"gmtModify":1635508279845,"authorId":3582015516749888,"author":{"id":3582015516749888,"authorId":3582015516749888,"name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109131608,"type":1,"supId":4168762,"prevId":0,"content":"Printing of money cause the scarcity of everything that Money can buy... ","text":"Printing of money cause the scarcity of everything that Money can buy... ","html":"Printing of money cause the scarcity of everything that Money can buy... "},{"id":4168882,"gmtCreate":1619672317956,"gmtModify":1635508268374,"authorId":3568393360647869,"author":{"id":3568393360647869,"authorId":3568393360647869,"name":"shwu","avatar":"https://static.tigerbbs.com/9e8515115b8883df9c91ae8997c11a84","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109131608,"type":1,"supId":0,"prevId":0,"content":"Please like and comment. Thank you","text":"Please like and comment. Thank you","html":"Please like and comment. Thank you"},{"id":4168943,"gmtCreate":1619672677177,"gmtModify":1635508262345,"authorId":3582015516749888,"author":{"id":3582015516749888,"authorId":3582015516749888,"name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109131608,"type":1,"supId":4168882,"prevId":0,"content":"Thanks! ","text":"Thanks! ","html":"Thanks! "},{"id":4168948,"gmtCreate":1619672689339,"gmtModify":1635508261845,"authorId":3582015516749888,"author":{"id":3582015516749888,"authorId":3582015516749888,"name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109131608,"type":1,"supId":4168882,"prevId":0,"content":"Done thanks","text":"Done thanks","html":"Done thanks"}],"langContent":"EN"},{"id":109131911,"gmtCreate":1619671391533,"gmtModify":1634210832257,"author":{"id":"3571359088752748","authorId":"3571359088752748","name":"StephenC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Bitcoin&nbsp; will make it","listText":"Bitcoin&nbsp; will make it","text":"Bitcoin will make it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109131911","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109194329,"gmtCreate":1619670884161,"gmtModify":1634210835579,"author":{"id":"3581736557901872","authorId":"3581736557901872","name":"Blissfully","avatar":"https://static.tigerbbs.com/70838b3be6fa307a4d05850dd89dd494","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Bitcoin will continue to make its way.&nbsp;","listText":"Bitcoin will continue to make its way.&nbsp;","text":"Bitcoin will continue to make its way.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109194329","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109196475,"gmtCreate":1619670739097,"gmtModify":1634210837098,"author":{"id":"3558500464606684","authorId":"3558500464606684","name":"thesushimao","avatar":"https://static.tigerbbs.com/53952a1b873d03c715d3711a2395a297","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Bitcoin to the moon!!!&nbsp;","listText":"Bitcoin to the moon!!!&nbsp;","text":"Bitcoin to the moon!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109196475","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109193806,"gmtCreate":1619670512505,"gmtModify":1634210839221,"author":{"id":"3575184455730384","authorId":"3575184455730384","name":"ItsRileyReid","avatar":"https://static.tigerbbs.com/2104a50c539eebad8cbb8bb664fa8232","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like and comment pls :)","listText":"Like and comment pls :)","text":"Like and comment pls :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109193806","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4168606,"gmtCreate":1619670559114,"gmtModify":1635508294574,"authorId":3575777532787835,"author":{"id":3575777532787835,"authorId":3575777532787835,"name":"4ebeaef4","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109193806,"type":1,"supId":0,"prevId":0,"content":"Pls reply to me ","text":"Pls reply to me ","html":"Pls reply to me "},{"id":4168824,"gmtCreate":1619671994425,"gmtModify":1635508274673,"authorId":3581681754105950,"author":{"id":3581681754105950,"authorId":3581681754105950,"name":"SingYourLife","avatar":"https://static.tigerbbs.com/fd0b735d5634aa1f5b3ba8c8099da765","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109193806,"type":1,"supId":0,"prevId":0,"content":"CommeNed","text":"CommeNed","html":"CommeNed"}],"langContent":"EN"},{"id":109199781,"gmtCreate":1619670486243,"gmtModify":1634210839711,"author":{"id":"3578570760040163","authorId":"3578570760040163","name":"hmmwvms","avatar":"https://static.tigerbbs.com/a906b2444a1aca7cd161a6e1ee03687e","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Risky","listText":"Risky","text":"Risky","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109199781","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109190009,"gmtCreate":1619670336801,"gmtModify":1634210841468,"author":{"id":"3580191066548921","authorId":"3580191066548921","name":"cheffun","avatar":"https://static.tigerbbs.com/cb0e87ae08a9b655394a52fdf5baa187","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/109190009","repostId":1144032670,"repostType":4,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":109107848,"gmtCreate":1619670291684,"gmtModify":1634210841949,"author":{"id":"3578631759891221","authorId":"3578631759891221","name":"keaty","avatar":"https://static.tigerbbs.com/bcf9d00e41b755619a4b4c3eb6f05541","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Longer term still an opportunity.Strong faith&nbsp; in it will be rewarded!","listText":"Longer term still an opportunity.Strong faith&nbsp; in it will be rewarded!","text":"Longer term still an opportunity.Strong faith in it will be rewarded!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/109107848","repostId":1144032670,"repostType":2,"repost":{"id":"1144032670","pubTimestamp":1619668565,"share":"https://www.laohu8.com/m/news/1144032670?lang=&edition=full","pubTime":"2021-04-29 11:56","market":"us","language":"en","title":"Bitcoin Is Facing a Make-or-Break Moment, Technicals Show","url":"https://stock-news.laohu8.com/highlight/detail?id=1144032670","media":"Bloomberg","summary":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 10","content":"<ul>\n <li>Cryptocurrency reached record high $64,870 earlier this month</li>\n <li>Token now hovers between 50-day and 100-day moving averages</li>\n</ul>\n<p>Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.</p>\n<p>Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.</p>\n<p>If Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.</p>\n<p>Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that&nbsp;reiterated&nbsp;the company’s commitment to the cryptocurrency.</p>\n<p><img src=\"https://static.tigerbbs.com/add83076e14c03be78b1563700da530f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”</p>\n<p>The coin fell 1.4% on Wednesday&nbsp;following&nbsp;an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.</p>\n<p>Sam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.</p>\n<p>Despite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/abd7345d4e8a1537f87fe36a8cc83f90\" tg-width=\"1336\" tg-height=\"592\"><span>Source: Quant InsightSource: Quant Insight</span></p>\n<p>While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.</p>\n<p>“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is Facing a Make-or-Break Moment, Technicals Show</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is Facing a Make-or-Break Moment, Technicals Show\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-29 11:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal","COIN":"Coinbase Global, Inc.","SQ":"Block","TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-28/bitcoin-at-inflection-point-amid-recent-selloff-technicals-show?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144032670","content_text":"Cryptocurrency reached record high $64,870 earlier this month\nToken now hovers between 50-day and 100-day moving averages\n\nBitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis.\nThough the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point.\nIf Bitcoin can’t overtake its 50-day mean -- which currently sits at about $57,000 -- then it might be in for a period of volatility as the gap between the two trend lines converges. Technical indicators suggest breaking out might not be an easy feat -- Bitcoin failed to do so on several occasions last week.\nTrading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000. It’s down more than 15% since then, though it rebounded earlier this week amid positive news, including comments from Tesla Inc.’s chief financial officer that reiterated the company’s commitment to the cryptocurrency.\n\n“The drastic -- relative to what we’ve seen of late -- pullback certainly was a point of eyebrows being raised, but at the end of the day, I think the fact that things were able to rebound and stabilize is a good thing,” said David Tawil, president of ProChain Capital. “It shows real power to the token, the staying power to the asset class.”\nThe coin fell 1.4% on Wednesday following an announcement by the Securities and Exchange Commission that it will delay a decision on a Bitcoin exchange-traded fund. It was at about $54,586 as of 9:43 a.m. in Hong Kong Thursday.\nSam Stovall, chief investment strategist at CFRA Research, says that if the stock market continues its advance, he expected Bitcoin to follow.\nDespite its recent turbulence, Bitcoin is still up 511% over the past year. Inflation and central bank policies have been its biggest drivers during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.\nSource: Quant InsightSource: Quant Insight\nWhile some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans. Proponents have seized on the money-printing narrative to promote the notion that Bitcoin is a store of wealth, an explanation that’s gained traction in recent months with economists expecting price pressures to pick up.\n“No question about it -- what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary,” said Chuck Cumello, president and chief executive officer of Essex Financial Services.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4168828,"gmtCreate":1619672012004,"gmtModify":1635508274198,"authorId":3581681754105950,"author":{"id":3581681754105950,"authorId":3581681754105950,"name":"SingYourLife","avatar":"https://static.tigerbbs.com/fd0b735d5634aa1f5b3ba8c8099da765","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":109107848,"type":1,"supId":0,"prevId":0,"content":"Yes HODL!!!!","text":"Yes HODL!!!!","html":"Yes HODL!!!!"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":70,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}