The Next Catalyst in Crypto Markets Awaited

Early trading this week has seen a tight range develop in the marketplace as the next catalyst is anticipated.

The Great Debate in Cryptos Rages and their Results this Week are Important

The great debate within the cryptocurrency space continues like massive solar flares. Optimistic speculators and analysts point to last week’s late surge and say trading volumes are increasing again. Many of the same analysts are also suggesting the approaching tax deadline which is tomorrow in the U.S, is allowing traders to freely participate again in digital assets. However, naysayers argue last week’s jump in prices are only a temporary good result, which will vanish again near term. After enjoying two solid days of gains last Thursday and Friday, digital assets have traded in a tight range. Meaning this week’s results will be very interesting to watch for all crypto participants.

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Renewed Sense of Vigor Short Term for Bitcoin, Steady Price Action

Bitcoin has made a solid display of strength. Late last week the digital asset broke through short-term resistance, and as of this morning, Bitcoin is trading near 8100.00 U.S Dollars per coin. The cryptocurrency has plateaued since making highs on late Thursday and it appears to be waiting for its next catalyst. Digital assets, including Bitcoin, have been in search of an emotional rescue the past three months – and last week’s price action has given some speculators a renewed sense of vigor. Resistance for Bitcoin appears to be about 9100.00 U.S Dollars, while important support may be interpreted around the 7700.00 juncture.

Bitcoin Daily Chart
Bitcoin Daily Chart

Initial Coin Offerings Still Attracting Many Investors per Dollars Spent

Initial Coin Offerings have suffered the past few months from bad publicity, as the hammer from regulatory agencies has proven difficult. However, the fact is new ICO’s continue to be launched on a daily basis through a number of platforms, which offer a chance to participate in the growing sector. Investors who are pursuing opportunities have been more cautious, but the dollar amounts spent in the global ICO market still shows a vast amount of interest.

Crypto 42 Summit in Vienna, Austria Today                                                                             

Vienna, Austria is holding the Crypto 42 Summit today and its agenda covers the use of tokens, the global regulatory environment, and will highlight European Blockchain developments.

  • April 16th, Austria, Crypto 42 Summit in Vienna

Yaron Mazor is a senior analyst at SuperTraderTV.

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Yaron Mazor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology and education. Ten years ago, Yaron sold all of his businesses and became a trader. Yaron started an education provider that taught thousands of people worldwide how to trade. Since then, he has traded every single day across every imaginable financial instrument Organic Trading System (OTS) is an unprecedented, new paradigm of trading technique, developed by Yaron Mazor. The trading system utilizes a combination of essential resources of market data (Fundamental, market participant sentiment and the basic concepts of trends), which are harmonically coordinated, in order to enable a relatively fast, simple and easy way to decide which side of the market to be trading from – the Buy side or the Sell side.