On May 19, Grayscale, the major digital asset management fund, pointed out that its assets under management increased more than 80% over the course of a year, increasing assets from $ 2.1 billion to $ 3.8 billion. This development shows that corporate money is slowly flowing to cryptocurrencies. A large part of the investment was made to the top cryptocurrency Bitcoin at CoinMarketCap. Generally, institutional investors take a long-term view and do not be bothered by short-term price movements. Similarly, traders should keep some of their investments in long-term positions and not hurry to close positions in small decline.
BTC USD
Bitcoin (BTC) fell from $ 9,953.33 on May 18, and on May 20, bulls and bears made a sign of indecision intraday candlestick pattern.
Above $ 10,000, I think the BTC / USD rate will rise to the $ 10,500 resistance line of the symmetrical triangle.
ETC USD
Both moving averages are sloping upwards and the RSI is close to 60 levels, indicating that the bulls have the upper hand. On the contrary, if the bears defend an aggressive $ 227.09 levels, the ETH / USD rate could fall to the $ 202 level to the 20-day EMA.
The index has seen a significant change since last month when traders were in the region of extreme fear, showing that it is neutral in Bitcoin.
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Nice article. The prices of both the Eth and Bitcoin are just flowing in the same path. But the eth has seen increase since this week tho