Bitcoin remains in a state of calm, but not social media.
MACD, which is the shortened form of “moving average convergence divergence,” is an indicator widely used to gauge trend strength and trend changes.
The MACD has been a fairly reliable indicator of intermediate price action in the past.
Bitcoin’s bull market has already slowed, with prices stuck largely in the range of $50,000 to $60,000 over the past two months.
Bitcoin was trading near $56,300 at press time, having printed a high of $58,041 early today.
A potential drop to $48,000 would mark the completion of the head-and-shoulders pattern.
It plans to double in staff from 17 to nearly 40 by the end of the year, with the majority of new hires coming from the content side of its business.The NYC-based firm is most well-known for its editorial site, daily newsletter, conference series, and its network of nearly 20 podcasts.The big picture: “Similar to how previous cycles in crypto saw the emergence of new exchanges, this current cycle has seen an emergence of several media firms all trying to win mindshare in a young market,” says Mike McCaffrey, CEO of The Block, a cryptocurrency-focused media startup.The Block recently bought out its non-employee shareholders, including its investors and co-founders .
As a result, we were in agreement about a lot of major financial issues including whether we’d go into credit card debt .
Lupa entered India less than two years ago and has built a portfolio of technology investments, according to the filing.Murdoch and Shankar previously worked together at Star India, which became the country’s largest media company before Walt Disney took over a swath of 21st Century Fox’s assets, including Star, in 2019.
The old adage says to buy low and sell high, and while it’s tempting just to discount cliches like that, they’ve passed into common currency because they embody a fundamental truth.
Traders snapped up bearish contracts even as dozens of short-term options expired, with the price of one put surging as much as 7,757%.KGI Securities’ trader Kevin Lee, who has been a local stocks trader for a decade, said clients started to panic as the morning wore on.“There were non-stop orders coming in,” Lee said.