Categories Crypto Trading Tips

Bitcoin on its way to $100,000 according to S2F Model

BTC/USD bullish momentum was stopped at $9,470, dropping to $9,160 below both daily EMAs. The daily uptrend is still intact.

ETH/USD was promising but also got heavily rejected from $249, however, it is still trading above both EMAs.

XRP/USD is the best performing coin today even though it also dropped. It is currently fighting to stay above $0.20 while both EMAs are crossing bullishly.

Dogecoin is still one of the winners today after getting a new Binance futures contract and listed on Bitfinex. Holochain is up 37% in the last 24 hours with a ton of trading volume. Molecular Future has also seen a massive 26% surge but with less trading volume. Stellar is also up 13% and around 30% in the last seven days.

Market
One of the biggest cryptocurrency exchanges in the world, Coinbase, is planning to get listed on the stock market. The SEC is responsible for allowing Coinbase to become the first publicly traded cryptocurrency exchange. According to Reuters, the exchange wants direct listing instead of a classic IPO. Sources stated that Coinbase will try to get listed later this year or early next year. If the exchange succeeds, it would represent a global success for all cryptocurrencies.

Dogecoin, which has experienced a massive price boost in the past few days thanks to a TikTok challenge, is getting a to of support from various cryptocurrency exchanges. Binance is launching a perpetual contract for DOGE while Bitfinex is listing DOGE for the first time.

 

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