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Coinglass: Focus on Trading Rules, Not Predictions


by CoinEdition
50-50 Chances of Bitcoin Being Bullish: Coinglass
  • Bitcoin is currently trading in an uncertain zone with industry members predicting $70,000.
  • The Bitcoin Liquidity HeatMap shows buying density at $61,000 if BTC breaks resistance.
  • Bitcoin is currently trading at $60,900, facing sluggish movement and an uncertain future.

Blockchain analytics platform Coinglass suggests traders should focus on their own strategies rather than chasing lofty price predictions.

Coinglass’s comments come amid widespread speculation on Bitcoin’s potential to reach new highs. However, the platform reminded traders that the market is inherently unpredictable and emphasized the importance of having a well-defined trading plan.

Meanwhile, the Bitcoin Liquidity Heatmap showed strong buyer interest at $60,000 and $61,000. However, the leading digital asset has failed to retain price a…

The post Coinglass: Focus on Trading Rules, Not Predictions appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Coinglass: Focus on Trading Rules, Not Predictions


by CoinEdition
50-50 Chances of Bitcoin Being Bullish: Coinglass
  • Bitcoin is currently trading in an uncertain zone with industry members predicting $70,000.
  • The Bitcoin Liquidity HeatMap shows buying density at $61,000 if BTC breaks resistance.
  • Bitcoin is currently trading at $60,900, facing sluggish movement and an uncertain future.

Blockchain analytics platform Coinglass suggests traders should focus on their own strategies rather than chasing lofty price predictions.

Coinglass’s comments come amid widespread speculation on Bitcoin’s potential to reach new highs. However, the platform reminded traders that the market is inherently unpredictable and emphasized the importance of having a well-defined trading plan.

Meanwhile, the Bitcoin Liquidity Heatmap showed strong buyer interest at $60,000 and $61,000. However, the leading digital asset has failed to retain price a…

The post Coinglass: Focus on Trading Rules, Not Predictions appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Bitcoin Stagnates, Altcoins Thrive on Major Regulatory Developments in the US: This Week’s Crypto Recap

Bitcoin Stagnates, Altcoins Thrive on Major Regulatory Developments in the US: This Week’s Crypto Recap

A wild week has passed in the crypto industry marked by tumultuous price action and i...
This Bitcoin ETF Strategy Has Outperformed BTC Buy-and-Hold

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Bitcoin Magazine This Bitcoin ETF Strategy Has Outperformed BTC Buy-and-Hold Discove...