SFOX Cryptocurrency Broker Believes The Market Is Turning Bullish In February

2019-2-8 01:59

Cryptocurrency Broker Believes The Market Is Turning Bullish In February

Cryptocurrency enthusiasts are waiting for the virtual currency market to turn bullish as soon as possible. The last year was not positive in terms of price action for digital assets, thus affecting the overall market. According to the crypto institutional broker-dealer SFOX, the market could be turning to bullish in February.

As per their January volatility report related to volatility, correlations and other metrics, the SFOX Multi-Factor Market Index is set to mildly bullish entering February 2019. At the same time, the most popular digital assets, Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) have experienced steady declines in their 30-day historical volatility during the last month.

Additionally, they mention that Bitcoin Cash (BCH) has seen a reduction in volatility after the hash war experienced in November and December 2018. At that time, the Bitcoin Cash network split and there is one network called Bitcoin SV (BSV).

Volatility in the market could increase in February. The CBOE and CME futures expiration dates are scheduled for February 13 and 22, respectively. At the same time, the Ethereum Constantinople hard fork could also increase the volatility experienced in the market.

The report released by SFOX reads as follows:

“Based on our calculations and analyses, the SFOX Multi-Factor Market Index, which was set at moderately bearish going into 2019, is now set at mildly bullish as we enter February 2019. We determine the monthly value of this index by using proprietary, quantifiable indicators to analyze three market factors: volatility, market sentiment, and continued advancement of the sector.”

After the increased volatility in December 2018, digital assets in January have seen a decreased level of volatility. At the same time, they see a reduction of public attention on crypto and sustained institutional interest in crypto exposure.

It will be very important for digital assets to start recovering part of the price that they’ve lost during the last months. However, it seems that the market remains bearish. There are several analysts that believe that Bitcoin could drop even further during the next few months. Nevertheless, this remains to be seen. Currently, Bitcoin is being traded close to $3,400 and it has a market capitalization of $59.59 billion.

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and EOS Price Analysis Watch (Feb 7th)

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market bullish cryptocurrency sfox february turning believes

Источник: bitcoinexchangeguide.com

market bullish → Результатов: 126


Crypto Market Witnesses Influx Of Stablecoins Amidst Bullish Trend

Amidst the ongoing bullish season in the cryptocurrency market, there has been a surge in inflows, particularly with stablecoins flowing into exchanges, as per recent reports. According to insights from Lookonchain, a significant whale has re-entered the crypto market, initiating substantial fund injections.  Over the past 26 hours alone, this […]

2024-2-17 09:33


A Bullish pattern is Emerging and flushing the red lights from the Crypto Market

Something very interesting is happening in the cryptocurrency market. Something that traders and investors have been anticipating for the longest time yet. Since the hash war began in November, right after the Bitcoin Cash hard fork had commenced, the cryptocurrency market has been nursing numerous losses from different angles, with some tokens peaking at an […] The post A Bullish pattern is Emerging and flushing the red lights from the Crypto Market appeared first on ZyCrypto.

2018-12-10 20:07


Binance Coin (BNB) Daily Price Forecast – December 5

BNB/USD Medium-term Trend: Bullish Distribution territories: $7.50, $8, $8.50 Accumulation territories: $4.50, $4, $3.50 Binance Coin has been strongly making a rebound movement against the US dollar market valuation since yesterday while both the middle and the 50-day SMA were breached northwards to touch the upper Bollinger Band. Both the two last week’s closer dimensional […]

2018-12-5 14:51


Galaxy Digital Loses $76 Million in Q3, Novogratz Remains Bullish

The Mike Novogratz-led Galaxy Digital Holdings LP suffered $76 million in third-quarter losses, taking the company’s losses in 2018 so far to a grand total of $175 million. Galaxy Digital Q3 Losses Total $76 Million As Bear Market Continues Cryptocurrency merchant bank, Galaxy Digital, has released its quarterly earnings report, and the results from the.

2018-11-30 02:00


Фото:

Bitcoin Price Analysis: Wait and See Where Recent Signs of Strength Lead

This week realized a big gain as bitcoin enjoyed a 25% rally from its local bottom before topping out around $4,400. Support currently appears to be established in the mid-$3,000s as the market remains indecisive over its next move:Figure 1: BTC-USD, Daily Candles, Current Support LevelFigure 1 shows the relevance of the current support level as it represents a previous support level that was never properly retested during last year’s parabolic bull market.

2018-11-30 01:45


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin, Ethereum underperform as crypto market remains bearish

Bearish sentiment dominated the crypto market. BTC and ETH led the bearish sentiment with their poor price trends. While holders of certain meme coins may be celebrating significant gains inThe post Bitcoin, Ethereum underperform as crypto market remains bearish appeared first on AMBCrypto.

What's in store for XRP as XRPL development activity picks up pace?

The increase in development activity had little to no effect on XRP's price. A good buying opportunity might have presented itself, on-chain data revealed. Development activity on the XRP LeThe post What's in store for XRP as XRPL development activity picks up pace? appeared first on AMBCrypto.