[뉴욕 코인시황/마감] Bitcoin resistance faces price stagnation … long and short-term outlook mixed

[뉴욕=박재형 특파원] # Bitcoin $59,000 stagnant # Futures market uptrend # Long and short-term prospects of Bitcoin are mixed

On the 19th (local time), the cryptocurrency market ended with an increasing number of stocks turning to an intraday uptrend, centering on major stocks. Eight of the top 10 stocks have risen, and 65 of the top 100 have green lights indicating an increase.

# Bitcoin $59,000 congestion

According to CoinMarketCap, the price of bitcoin was $59,000.59 at 4 p.m. New York time, up 0.67% from the previous 24 hours.

Ethereum 0.95%, Cardano 0.89%, Binance Coin 1.07%, Polkadot 5.77%, Uniswap 10.63%, XRP 1.63%, Litecoin 0.35% price decline.

At this time, the market capitalization of the cryptocurrency market was $ 1.814.8 trillion, and the share of Bitcoin was 60.6%.

# Maintaining an uptrend in the futures market

The Chicago Merchandise Exchange (CME) bitcoin futures price also closed higher. March, which is the most actively traded, rose by US$1,490 to US$58,855, April by US$1,545 to US$59,595, and May by US$1595 to reach US$6,400.

The Ethereum futures price increased by $57.50 in March to $1831.50, and in April by $57.50 to $1859.50, and in May by $45.00, trading at $1884.50.

# Bitcoin’s long and short-term prospects are mixed

According to Cointelegraph, Dan Held, director of growth strategy at Kraken, said that bitcoin is currently experiencing a supercycle that can go up to $1 million.

Held mentions the coronavirus crisis, and now people’s distrust of the central bank’s money supply is increasing, and once bitcoin reaches its full potential as digital gold, it will challenge the government’s monopoly on money. He added that he is confident that it will be.

Cryptocurrency analyst Michael Van Defov predicted that, contrary to such optimism, Bitcoin is currently facing resistance from $59,000 to $6,400 after failing to build a base above $60,000, and in the short term, breaking through this zone is unlikely .

He said that the entire region between $6,400 and $59,000 is a resistance zone for the current price, and he predicted that Bitcoin would retreat to the new low and create volatility after failing to break through this resistance range.

According to data from the cryptocurrency analyst firm Skew, the premium of GBTC stocks has remained negative for the 17th consecutive day.

According to the regulations of the US Securities and Exchange Commission (SEC), institutional investors who invest in GBTC stocks at net asset value cannot sell their stocks after 6 months or more. The possibility is raised because of it.

In the US New York Stock Market, the Dow index fell 0.71%, the Nasdaq rose 0.76%, and the S&P 500 fell 0.07%.