Bitcoin (BTC) Separates from the NASDAQ 100
Technical signs continue to point to a turnaround in the fortunes of Bitcoin (BTC) and the cryptocurrency sector. However, regulatory news remains a significant danger.
Monday was another up day for Bitcoin (BTC) and the larger crypto market. Despite the fact that the NASDAQ 100 ended the day in the red, the market rose. A shift in emotion in the cryptocurrency market was caused by significant technical indications indicating the start of a bullish trend development.
Following a 2.40 percent rise on Sunday, Bitcoin gained 3.42 percent on Monday to close at $43,861. Bitcoin was unable to breach $45,000 for the first time since January 5th due to resistance at $44,500.
Looking at the significant resistance levels for the day, Bitcoin broke through the first big barrier level at $43,000, then the second major resistance level at $43,600, before finishing the day at $43,800.
On the 4-hourly chart, we had a bullish cross with the 50-day EMA crossing through the 100-day on Sunday. On Monday, the 50-day EMA continued to close in on the 200-day EMA, bolstering the $45,000 rally.
Shiba Inu Coin (SHIB) increased by 14.35 percent, while Dogecoin (DOGE) and Terra (LUNA) increased by 7.30 percent and 7.62 percent, respectively. The increase was insufficient to propel Dogecoin back…
