The futures price of Hamster Kombat, a popular electronic trading asset, has experienced a significant drop in recent trading sessions. Market analysts have pointed to a combination of factors contributing to the sudden decline, which has sparked discussions among investors and traders about the future of this highly volatile asset.
Hamster Kombat has been a favorite among speculative traders, known for its rapid price fluctuations and high trading volumes. The recent decline in its futures price marks a notable shift in the market sentiment, which had previously seen a bullish trend in this asset class. The drop has been attributed to a mixture of broader market adjustments and specific developments within the trading environment.
One of the primary factors influencing the price drop is the ongoing recalibration of the electronic trading ecosystem. Market participants have been adjusting their positions in response to changes in liquidity and market-making activities, leading to increased volatility. The shift in trading volumes, along with heightened scrutiny from regulatory bodies, has also played a role in the downward pressure on Hamster Kombat futures.
Additionally, the asset’s price has been influenced by technical factors, including changes in trading algorithms and the recalibration of risk models by major market participants. These adjustments have resulted in a re-evaluation of the asset’s risk profile, prompting some traders to reduce their exposure.
As the market continues to react to these developments, the future of Hamster Kombat futures remains uncertain. Traders and analysts will be closely monitoring the situation to gauge whether this price drop represents a short-term fluctuation or a more prolonged trend.
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Bitcoin Price Analysis | BTC Halving Predictions | Why May Not Skyrocket Immediately After
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Compared to the Bitcoin price analysis of the previous two weeks, this weekend has been relatively relaxed for Cryptocurrency traders.
On Saturday the BTC price came within $10 of $10,000 before pulling back to $9,794.
Despite the inability to hold above $9,900, the shorter timeframe also shows Bitcoin (BTC) price painting higher lows since the drop on Feb. 19 to $9,352 and the price is also holding well above the 20-MA of the Bollinger Bands indicator.
A high volume surge could easily push the price to the upper Bollinger band arm at $10,126 but Bitcoin would still have some challenges ahead.
If Bitcoin can hold the $9,850 support and push above $9,883, we could see the price rise to $10,200 as it is currently sandwiched between VPVR nodes at $10,210 and $9,892.
In an earlier analysis, Cointelegraph contributor Keith Waring explained that $10,000 is a less important level to attain when considering that a significant resistance at $10,300 awaits.
Waring also notes that even though Bitcoin’s current setup strengthens the probability of the price retaking the $10K mark, the CME close at $9,740 on Feb. 21 means traders believing in the CME gap narrative will hold their powder with the expectation of the price revisiting the gap.
Meanwhile, crypto analyst Micheal Van De Poppe has taken a more bullish point of view, tweeting the above chart and saying:
“Retest done. As long as this level remains support, I’m expecting continuation towards $11,000 / $11,600.”
WHY BITCOIN MAY NOT SKYROCKET IMMEDIATELY AFTER HALVING
To form a Bitcoin price prediction analysts generally look at previous market patterns and events.
The two BTC halvings that have already occurred may offer some indication as to what will happen after the next one, and there might not be the big pump that is expected.
With less than 78 days to go to the halving, the debate is raging on as to whether prices are already factored in or not.
Opinion is pretty evenly divided between those that believe prices are not factored in and there will be a pump, and those that think the opposite will occur.
Binance boss Changpeng Zhao appears to be leaning towards the latter group with a recent post depicting charts that show flat markets following previous halvings.
“History may not predict the future, and correlation does not prove causation… Watch what happens AFTER halving. Markets are inefficient, at least, historically.”
Markets did indeed remain flat for several months following the first halving in 2012.
Only in 2013 did they start to run with an epic gain of around 8000% from $13 to over $900.
A bear market followed in 2014 then momentum started to build the following year in the lead up to the 2016 halving.
Following that one there was very little activity until 2017 when momentum started building again and bitcoin surged from around $1,000 to over $20,000.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
History may not predict the future, and correlation does not prove causation.
Here are just 2 charts around the previous #bitcoin halving. Watch what happens AFTER halving. Markets are inefficient, at least, historically.
Just data, draw your own conclusions. pic.twitter.com/AwChmAGvrK
— CZ Binance 🔶🔶🔶 (@cz_binance) February 23, 2020
https://bitcoinist.com/why-bitcoin-may-not-skyrocket-immediately-after-halving/
https://cointelegraph.com/news/bitcoin-price-rebounds-but-cme-gap-103k-remain-big-obstacles
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BITCOIN IS ABOUT TO GAP HIGHER TO $77K, SAYS MAX KEISER!! ALTCOINS SET FOR EPIC PARABOLIC FINALE!!
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Legendary Bitcoin O.G. Max Keiser, host of the Keiser Report, predicts BTC is about to gap higher to $77,000 while other top crypto analyst are calling for $84,000 – $98,000 in play for this month of November.
“BTC daily looks poised to begin its move up to 84K.” – TechDev
“Aug $47K ☑️
Sep $43K ☑️
Oct $61K new monthly close ATH! ☑️
Ok ok, 3% rounding error .. close enough for me
Next targets: Nov $98K, Dec $135K” – Plan B
In other trending Bitcoin News today: Here’s When Altcoins Will Go on a Parabolic Finale, According to Closely Followed Crypto Analyst!
Pseudonymous crypto market analyst TechDev tells his 128,700 Twitter followers that the altcoin market is currently mirroring its price action during the 2017 bull cycle as he shares, “Remember what’s coming for your alts. You haven’t seen a thing yet.”
“This is likely the month that alts begin their moves that ultimately change lives.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/miami-mayor-plans-to-accept-first-paycheck-entirely-in-bitcoin
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$1 MILLION BITCOIN PRICE MODEL NOT BUILT TO LAST! | BTC YTD Performance Exceeds 140% MILLION BITCOIN PRICE MODEL NOT BUILT TO LAST! | BTC YTD Performance Exceeds 140%
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PlanB, the widely-followed anonymous cryptocurrency analyst who first applied the stock-to-flow ratio to the Bitcoin price says, “The model is not built to last forever.”
The model, which tracks the circulating supply of an asset against the amount of new supply hitting the market has proved remarkably accurate for tracking Bitcoin’s past price action.
Using the model, the outlook from PlanB indicates the BTC price could hit $100,000 sometime around the year 2021 and break $1 million around 2025.
But in a new series of tweets, PlanB says he’ll be happy if the model maintains accuracy for the next two to three more halvings, which is the equivalent of about 4.5 to 8.5 years.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
News Resources From Today’s Show:
Bitcoin YTD Performance Exceeds 140%, Outperforms Most Traditional Assets
This is becoming scary: using Oct instead of Dec data, Stock-to-Flow model fit improves to 99.5% R2! Model error was mainly caused by Nov2013 and Dec2017 ATH, so sampling without ATH gives less noise. Predicted #bitcoin prices increase: $100K (2020+), $1M (2024+), $10M (2028+)… pic.twitter.com/1WX6LOVxZW
— PlanB (@100trillionUSD) July 14, 2019
I normally don’t deploy statistical models 120+ years out into the future. I would be happy if the model holds for 1 or 2 or maybe 3 more halvings. Especially since BTC is measured in $ .. who knows what happens with $ if the FED keeps doing more QE (money printing).
— PlanB (@100trillionUSD) October 31, 2019
Coins in Jan 2019 vs Nov 2019 $BTC = $3.7k –> $9.2k$ETH = $133 –> $185$LTC = $31 –> $58$XRP = .34c –> .29c$BNB = $5 –> $20 $LINK = .30 –> $2.68$EOS = $2.56 –> $3.31$BSV = $89 –> $132$BCH = $154 –> $294
MCap has 2x’d in USD & $XRP still ended up in the red.
👀— CryptoThies (@KingThies) November 3, 2019
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