Skip to content Skip to footer
Bitcoin pushes to reach an all time high

Is The Crypto Market Ready For The Next Bull Run?

After a small wave created by some forecasters, marked the start of a crypto market reversal at the beginning of March, saw a purge of mostly new traders and impatient investors, the market made a technical correction while indicating a potential new bull phase.

As commented in my previous article, bulls always need to rest before regaining control of the board. Nonetheless, to target a new all-time-high (ATH), Bitcoin needs to cement gains above the $54,000 handle. 

At today’s price hovering above the $56,000 level, the leading cryptocurrency has once again passed the 1 trillion market cap, attracting investor attention leading to the current uptrend bias. 

Price of bitcoin on march 11th 2021 suggests the crypto market will reach a new bull run

Technically speaking, the price structures in most crypto charts are signaling a strong bullishness, with MACD showing golden crosses at the daily candle’s domain and price trading above the 50 EMA (exponential moving average) for additional confirmation.

Crypto currency markets are on the rise after a drop early in march

It is worth mentioning as a final note that some crypto exchanges are reporting a persistent drop in their balances, which might suggest that investors are holding for the long-term instead of daily trading. 

Market Recap:

  • Bitcoin (BTC) remains above $54,000
  • Ethereum (ETH) above $1,800
  • Litecoin (LTC) near $200, and
  • Ripple (XRP) flirting with $0.50

Today’s Quote -. “The proper attitude toward investing is more important than any technical skills”

– Warren Buffett

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.