Wednesday, 10 March 2021

7 Actions To Marketing Your Small Business

7 Actions To Marketing Your Small Business


Vendor funding can differ from 10% to 75% of the acquisition rate of the business. Many sellers would certainly favor not to give seller funding and to decrease the amount of funding. Nonetheless, seller financing does cause a quicker sale than if the customer requires to get bank funding to acquire business. After you have actually met with one or more buyers and also addressed their first concerns, the next step would certainly be for buyers to make a deal for your business. This normally takes the kind of a letter of intent, which outlines the deal's rate and also terms.
Bear in mind that the potential buyer will certainly be very suspicious of your factor for marketing. Have your strategy as well as method in place to remove any worries. Just like you started your business with a solid strategy, market it with a strong plan also. Finding the appropriate broker and/or consultant to assist you offer your business is essential to your success. Often company owner choose the first individual they meet just to list their business and obtain the process going. Within a few months, you may see no outcomes and also have to go on the search throughout again. Taking some time to speak with numerous brokers and also taking a look at a practical outcome of what is anticipated will obtain you going in the right instructions.
Allow's take 2 actually straightforward hypothetical organizations right into account. When a company owner is the linchpin to any kind of business, what a purchaser is basically acquiring is a task. Without the proprietor, the business would likely not operate, or operate improperly. It is a fact that the more procedure driven business the higher the multiple. Removing on your own, as the business proprietor from the day-to-day operations is the vital to acquiring a higher numerous when you wish to sell your business. Most importantly else, we wish this demonstrates that offering a business is not an EVENT, it's a PROCESS.
Nevertheless, something that is essential to keep in mind is that your inspirations for marketing your business will likely alter throughout the process. This is all-natural, and will likely establish as you end up being more familiar with M&A, the leave procedure as well as speaking with purchasers.
They might be looking for inside information about your consumers, workers, or prices technique. Brokers will also typically have experience in your field which can help you a whole lot when it pertains to offering your business. They can assist you target the right individuals, display potential buyers, and keep your sale confidential. A business broker can take a great deal of the stress out of marketing your business and also assist you offer it quickly. A broker comprehends what you need to try to find when marketing your business as well as can help you prepare an excellent recap of your business that will draw in buyers. If you're having difficulty discovering a purchaser, you could take into consideration selling your business to its staff members. If you have the ways and also wish to offer seller funding for prospective customers this can be an excellent method to open the sale of your business to various other customers.
Experienced business brokers will likely have a substantial network of highly qualified buyers lined up seeking organizations to acquire. Being able to tap into this network can be worth its weight in gold especially if you are aiming to sell your business swiftly as well as for leading buck. The best method to determine what your business deserves is an equivalent firm evaluation that helps you establish what you company is worth contrasted to firms comparable to your own. This method checks out business that are similar to your own as well as compares them to the sale of similar firms. What your business is worth, is what a customer wants to pay for it. Of the businesses that put themselves on the marketplace every year just 5% of companies sell according to Bizbuysell.com. This shows the gap between seller's expectations and ultimate selling price.
Many will just have one opportunity to market a business, so can't manage to be finding out on the process. Regrettably for those searching for a guide on exactly how to offer a business swiftly, this just isn't viable if you wish to accomplish the optimum return on your investment. Each of the 16 actions noted over demand to have actually time spent right into them in order to maximize your company's sale.
Waiting also long, or otherwise intending in advance, can cause many entrepreneur to miss their home window of opportunity. It takes an average of two to 4 years to sell a local business. As a result, lasting preparation is essential to any kind of successful business sale.
Bruce Hakutizwi is a professional on entrepreneurship and buying and selling companies. He is the U.S. and global supervisor of BusinessesForSale.com, a global on-line marketplace for acquiring and selling tiny- and medium-sized companies. With greater than 60,000 business listings, it draws in 1.4 million customers monthly. He consistently blog about entrepreneurship and local business subjects. If so, you require to decide whether it's worth it to you to attend to the concern and also postpone the sale, or to continue with a lower asking price. One more method is via seller funding, where the vendor supplies some of the financing by permitting the purchaser to spend for part of the purchase rate gradually.
Customers come from all walks of life and locations of the country. In the past, individuals would certainly use holiday time to wander the country trying to find their dream business. This method is as well time extensive as well as expensive in today's culture. Currently, business purchasers contact ABC because they understand they can get the information they require to make vital purchasing choices. Retail is a tough business-- a lot tougher than individuals understand. And honestly, the primary factor somebody is marketing a store is that it is stopping working, not since it succeeds. The more planning you put into your sale, the much better the rate you will certainly be able to get.
Misrepresenting your business might destroy a potential sale and also result in possible legal action versus you in the future. See to it you have a trustworthy, experienced broker to lead you throughout the selling procedure.


Tyler Tysdal and Robert Hirsch the very best procedure to sell your organization.

Freedom Factory
5500 Greenwood Plaza Blvd., Ste 230
Greenwood Village, CO 80111
Phone: 844-MAX-VALUE (844-629-8258) https://www.freedomfactory.com/

Freedom Factory Managing Partners Tyler Tysdal Tyler Tysdal, Handling Director

https://www.linkedin.com/in/tyler-tysdal

Robert Hirsch Business Owner, Investor, Speaker, Artist

See His Site

Current News Silly Human Techniques Described by Freedom Factory's Robert Hirsch and Tyler Tysdal

Freedom Factory is one of the extremely credible brokerage companies in the country. It is founded by two of the experienced entrepreneurs-- Tyler Tysdal and Robert Hirsch. They help business owners discover their way to success with the supreme goal of helping company owner sell their organization at a maximum worth. Tyler Tysdal has an excellent performance history of success and together with Robert Hirsch, they founded Freedom Factory, a finding out location for all types of businesspeople. They help entrepreneurs learn how to strike a deal and get the optimum advantage out of it.

Prior To Tyler T. Tysdal end up being a part of Freedom Factory, he has actually handled equity funds and financial investment portfolios. He recognized that numerous sellers are on the losing end of the deal-- not receiving the prices they should have. Since then, he made it his objective to help fellow entrepreneurs know how to break an offer. Together with Robert Hirsch, they framed lots of videos to assist business owners to find out how to get the optimum value of the business.

Learn more here: https://londondailypost.com/stupid-human-tricks-explained-by-freedom-factorys-robert-hirsch-and-tyler-tysdal/

Successful Entrepreneur, Tyler Tysdal, Shares Important Tips Related to Finance and Business

Tyler Tysdal, an effective investor and seasoned business owner, has actually shared crucial ideas connected to managing finances in business sector. He has overcome twenty years of experience in handling financial investment, finances, and other business-related subjects. Tyler Tysdal together with his friend, Robert Hirsch, is helping the having a hard time entrepreneurs in handling their businesses successfully.

In his podcasts and videos, Tyler Tysdal likewise shares the significance of private equity and equity capital. In order to lay significance on investment in the business sector, he describes that PR investment needed the PE business to make business choices. He has likewise said that for a new company it is an excellent idea to resort to VC financial investment to get financial support. Furthermore, Tyler also assists in offering an organization to get the ideal value and one can contact Tyler Tysdal to look for crucial details on this topic. Read more here: https://tricitydaily.com/successful-entrepreneur-tyler-tysdal-shares-important-tips-related-to-finance-and-business/

Tyler Tysdal is married to Natalie Tysdal and have 3 children.

Tyler Tysdal Site Online
https://www.linkedin.com/in/tyler-tysdal

https://twitter.com/tysdaltyler

https://tylertysdal.academia.edu/

https://tylertysdal.org/



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7 Actions To Marketing Your Small Business was originally published here https://observednews.blogspot.com/2021/03/7-actions-to-marketing-your-small.html

Friday, 26 February 2021

Increasing stock market volatility drags Bitcoin and altcoin prices lower

Increasing stock market volatility drags Bitcoin and altcoin prices lower
Increasing stock market volatility drags Bitcoin and altcoin prices lower

The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond. 

Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation.


BTC/USDT 4-hour chart. Source: TradingView

Despite major BTC purchases by MicroStrategy, Tesla and MassMutual, a majority of institutional investors still have security and tax treatment concerns that prevent them from investing in Bitcoin, according to Galaxy Digital co-president Damien Vanderwilt.

Institutional investment has been a significant source of optimism in the cryptocurrency sector in 2021, but its influence in helping BTC reach a market cap of $1 trillion may be overstated as recent analysis shows that stablecoin whales and retail traders still hold the most buying power.

Interest rate increase puts pressure on GBTC

On Feb. 25, the interest rate for the 10-year U.S. Treasury spiked to 1.52%, its highest level in over a year.

According to Chad Steinglass, Head of Trading at CrossTower, the move led to market-wide pressure that pushed the “GBTC premium down as low as negative 6% and it closed around negative 2% today.” The analyst sees interest rate volatility as a major source of market volatility, as the long end of the curve steepens while the U.S. dollar is pushed lower.


Daily cryptocurrency market performance. Source: Coin360

Cryptocurrencies fell under increased pressures as equity markets deteriorated throughout the day, possibly due to a “scramble for liquidity” resulting from traders “pushing up against margin calls and needing to free up cash.”

Steinglass said:

“I interpret the GBTC premium collapse as a sign that either retail is dumping to free liquidity, or large fund holders like ARKW are seeing outflows, which causes them to sell GBTC along with everything else.”

Traditional markets are still choppy

The 10-year Treasury yield pulled back .0582 basis points to 1.46 on Feb. 26, marking a 3.82% decrease from its high on the previous day. This leadi to a choppy day in the markets which saw the major indices close mixed.

The NASDAQ finished the day up 0.56%, recovering some of its losses from the 3.5% drop on Feb. 25. Meanwhile, the S&P 500 and DOW finished the day in the red, down 0.48% and 1.51% respectively.

A majority of the top cryptocurrencies also took on sharp losses on Friday, with the exception of Cardano (ADA), which became the third-ranked cryptocurrency by market cap after its price broke out to a new all-time high at $1.29. The current excitement for the altcoin appears to be connected to the upcoming ‘Mary’ mainnet launch scheduled for March 1.


ADA/USDT 4-hour chart. Source: TradingView

Basic Attention Token (BAT) has also battled back against the market sell-off to post a 6.43% gain following the Feb. 23 announcement of the upcoming Brave Decentralized Exchange (DEX).

Ether (ETH) price is down 7.19%  and trading below $1,500, while Binance Coin (BNB) has dropped 8.36% to $224.14

The overall cryptocurrency market cap now stands at $1.533 trillion and Bitcoin’s dominance rate is 61.3%.

Title: Increasing stock market volatility drags Bitcoin and altcoin prices lower
Sourced From: cointelegraph.com/news/increasing-stock-market-volatility-drags-bitcoin-and-altcoin-prices-lower
Published Date: Fri, 26 Feb 2021 23:02:39 +0000

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Increasing stock market volatility drags Bitcoin and altcoin prices lower
Increasing stock market volatility drags Bitcoin and altcoin prices lower was originally published here https://observednews.blogspot.com/2021/02/increasing-stock-market-volatility.html

Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain

Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain
Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain

Alpha Finance Lab (ALPHA) experienced a price breakout on Feb. 25 as a series of significant partnerships has brought renewed interest in the cross-chain DeFi platform. 

Data from Cointelegraph Markets and TradingView shows that following the announcements, ALPHA price surged to $1.78 but Bitcoin’s recent struggle to hold $50,000 as support led to a sell-off among altcoins and ALPHA currently trades at $1.31.


ALPHA/USDT daily chart. Source: TradingView

One of the reasons for the sudden surge was the Feb. 25 announcement of a partnership with Compound Finance (COMP) that will allow Compound users to integrate with Alpha Homora and lend assets across platforms.

Due to the deposit APY on Ether (ETH) being higher on Alpha Homora, Compound users are presented with an opportunity to yield farm by borrowing ETH against collateral in their accounts and lending it on the ALPHA protocol.

Users are lured by lower fees on Binance Smart Chain

Alpha has is also benefiting from its recent integration with the Binance Smart Chain, which has been growing in popularity for being a low-fee alternative to transacting on the Ethereum network.

The team at ALPHA hinted at what lies ahead for the protocol in the following tweet acknowledging the recent progress of the Binance Smart Chain:

Impressed with Binance Smart Chain (BSC)’s growth and traction.

Hope to join the party soon ;)@binance #BinanceSmartChain https://t.co/9NT7tkAs8q

— Alpha Finance Lab (@AlphaFinanceLab) February 20, 2021

Following the Feb. 1 launch of Alpha Homora v2, which included the release of a limited edition NFT, the protocol has continued to expand its reach and establish new integrations with partners in the blossoming decentralized finance ecosystem.

The project also received a renewed boost of optimism on Feb. 22 after an agreement was reached on the terms of how Alpha Finance would repay Cream Finance (CREAM) for funds lost during an exploit of Alpha’s “Iron Bank” on Feb. 13. This exploit involved a hacker draining $37 million from the protocol. 

Currently, Compound finance is the third-ranked DeFi protocol by total value locked (TVL) and the partnership between it and Alpha Finance could further Alpha’s growth and exposure to new users in the months ahead.

Title: Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain
Sourced From: cointelegraph.com/news/alpha-finance-lab-rallies-after-integrating-with-compound-and-binance-smart-chain
Published Date: Fri, 26 Feb 2021 21:48:35 +0000

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Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain
Alpha Finance Lab rallies after integrating with Compound and Binance Smart Chain was originally published here https://observednews.blogspot.com/2021/02/alpha-finance-lab-rallies-after.html

Thursday, 25 February 2021

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

Nonfungible tokens (NFTs) are rapidly becoming a focal point of the cryptocurrency market, as evidenced by stories of millions of dollars being raised in minutes for one-of-a-kind tokenized art pieces and rare collectibles that traders rush to get their hands on. 

One project that has been benefiting greatly from the resurgence of NFTs is Enjin Coin (ENJ), which broke out to a new all-time high of $0.67 on Feb. 25 following its listing on the Crypto.com exchange as well as the launch of spot and perpetual futures trading on FTX.

Data from Cointelegraph Markets and TradingView shows that ENJ rose 52% from a low of $0.438 on Feb. 24 to a new high of $0.67 before experiencing a pullback to its current price of $0.611.


ENJ/USDT 4-hour chart. Source: TradingView

A scroll through the project’s Twitter feed details numerous recent partnerships and integrations that have helped fuel Enjin Coin’s price rise.

Minecraft is one of the most notable integrations for the Enjin ecosystem, and users are able to earn special NFTs that unlock secret games inside the video game series.

The platform has also benefited from joining forces with the growing ecosystem of the Binance Smart Chain (BSC), which has launched an NFT educational campaign that Enjin will be part of.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ENJ on Feb. 24, several hours before today’s price rise.

The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of the historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.


VORTECS™ Score (green) vs. ENJ price. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ score for ENJ reached a high of 70 on Feb. 24, shortly before the price began to spike to a new all-time high on Feb. 25.

The growing popularity of the NFT space, along with numerous big-name partnerships has Enjin well-positioned as the current bull market cycle progresses into 2021.

Its recent integration with BSC provides a way to escape high fees on the Ethereum network and could bring a new wave of activity to the Enjin ecosystem.

Title: Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
Sourced From: cointelegraph.com/news/exchange-listings-and-nft-boom-back-enjin-s-enj-52-rally-to-a-new-high
Published Date: Thu, 25 Feb 2021 21:00:00 +0000

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Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high
Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high was originally published here https://observednews.blogspot.com/2021/02/exchange-listings-and-nft-boom-back.html

Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?

Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?
Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?

This week’s correction in the price of Bitcoin (BTC) showed that a market doesn’t go up in a straight line. Meanwhile, another topic has been gaining attention, namely the big rise in the 10-year yields of United States government bonds. 

In recent weeks, the 10-year Treasury yield of U.S. government bonds has surged 35% to a new high of 1.44%, the highest point since the cross-asset crash in March 2020.

Treasury yield bounces from a 60-year low


U.S. 10-year yield 1-week candle chart. Source: TradingView

The 10-year Treasury yield has been accelerating massively in recent weeks, similar to the run-up to the economic downturns in 2000 and 2008. Hence, rising yields are typically considered a signal of weakness for the economy and can have a big impact across many markets.

As the yields increase, governments must pay more for their underlying government bonds. This combined with the current economic conditions of the post-COVID-19 era and record national debt are factors that are unsurprisingly worrying economists. 

However, looking at the chart above from a technical perspective, this entire run can still be considered as a simple bearish retest of the previous support level.

Such an example is shown by the previous attempt to test the resistance above. This could be happening here as well, where the rates will then drop back down from the 1.53% level. But it is important to keep an eye on this level because breaking through it can have a major impact on the markets.

The government bond yields also have an impact on mortgage markets. Given that the real estate market is massively overheated at the moment, with people taking on massive debt to purchase homes, an increase in interest rates could pop this entire bubble, similar to what happened in 2008.

However, yields also impact other markets, as gold often reacts to these moves as well. But is this time different? And how will Bitcoin respond to these potential macroeconomic shocks?

weakening dollar vs. Bitcoin


U.S. dollar currency index 3-day chart. Source: TradingView

The U.S. dollar currency index (DXY) index continues to show weakness as yields are rising, which is generally good news for Bitcoin bulls. This suggests that investors are fleeing the dollar toward higher risk, higher reward investments, such as Bitcoin.

However, from a technical perspective, the DXY saw a bearish retest at 91.50 points, followed by more downside for the dollar, as seen in the chart above. Now, a retest of the 90 points level is underway, with the primary question being whether this level will hold as support.


BTC/USD vs. DXY. Source: TradingView

Nevertheless, it’s debatable whether the rise in yields is having any direct effect on the price of Bitcoin, particularly in recent days. Meanwhile, the DXY has often been inversely correlated with the price of Bitcoin, though this has been decreasing in recent months (see below).


BTC rolling 90-day correlation vs. USD, VIX, Gold and S&P 500. Source: Digital Assets Data

After the crash in March 2020, this inverse relationship grew stronger until September 2020, as a weakening dollar was accompanied by a major increase in BTC price.

Of course, assets are only correlated until they aren’t, and many other factors can have a much bigger impact on BTC in the short term — for example, miners or whales selling Bitcoin, government regulations, etc. 

Why is gold showing weakness?


Gold 3-day chart. Source: TradingView

The 3-day chart for gold’s price shows a clear-cut correction since August 2020. More importantly, the increase in yields and the weaker dollar have not impacted the gold market as much as Bitcoin’s market.

Even with the recent surge in yields, people are not buying gold. In fact, an increase in yields has historically not benefitted gold — at least not in the short term — because higher yields would make government bonds more attractive for funds to hold for settlement and as a risk-off asset in their portfolios.

When yields continue rising toward higher levels, however, the uncertainty surrounding the economy also increases, and investors typically begin to shift from the dollar to gold as a safe haven. This was seen in the 1980s when yields ran toward 14% and gold also spiked to new all-time highs.

BTC has become increasingly important in macroeconomics

In the current state, however, falling gold prices may simply be an immediate reaction to the increase in yields in general. However, another possibility is that an increasing number of investors are opting for “digital gold” instead of the precious metal, not only because of the higher upside potential — i.e., risk-reward — but also because these positions can be liquidated much easier.

But another possibility is that an increasing number of investors are preferring “digital gold” to the precious metal — not only because of the higher upside potential but also because these positions can be liquidated much easier on digital trading platforms.

11 August 2020, dotted blue line, US corporations led by $MSTR begin buying #bitcoin as a treasury asset. pic.twitter.com/LEMNzwqQru

— Willy Woo (@woonomic) February 25, 2021

Today, the market capitalization of Bitcoin is still only 7% to 10% of gold’s, which highlights this massive upside potential.

Therefore, the macro conclusion that can be drawn is that the markets are becoming increasingly uncertain about the economy’s and the dollar’s future, as exemplified by the rising 10-year Treasury yields. However, it’s still too early to write off the recent correction in BTC price to this macroeconomic development, as multiple other variables are at play.

Ultimately, the rising yields and a weakening dollar are exciting developments to keep an eye on moving forward. With Bitcoin becoming an increasingly important player in the macroeconomic environment, strategists at JPMorgan Chase, for example, believe BTC may continue to eat away at gold’s market share. This will likely result in an even higher valuation for Bitcoin, particularly in the event of another economic crisis at the expense of gold.

In December 2020, JPMorgan strategists noted:

“The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced. If this medium to longer-term thesis proves right, the price of gold would suffer from a structural headwind over the coming years.”

author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

Title: Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?
Sourced From: cointelegraph.com/news/soaring-treasury-yields-are-worrying-economists-but-what-does-this-mean-for-bitcoin
Published Date: Thu, 25 Feb 2021 15:00:00 +0000

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Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin?
Soaring Treasury yields are worrying economists — But what does this mean for Bitcoin? was originally published here https://observednews.blogspot.com/2021/02/soaring-treasury-yields-are-worrying.html

Coinbase Decentralization Claim Draws Fury From its Customers

Coinbase Decentralization Claim Draws Fury From its Customers
Coinbase Decentralization Claim Draws Fury From its Customers

In a blog post on Feb. 25 titled “Coinbase is a decentralized company, with no headquarters”, CEO Brian Armstrong stated that the firm has moved to a ‘remote first environment’.

No HQ = Decentralized?

He added that 52% of their employees have joined the company in a ‘post-office world’ and 95% of them have the option to work from home. Originally based in San Francisco, many company employees have dispersed across the globe since the beginning of 2020.

“It has helped us attract top talent. One of the best parts about being a decentralized company is that we can hire more of the best people.”

This does not make the company decentralized in crypto terms, as the respondents to the tweet pointed out.

Despite being one of the largest fiat to crypto onramps in the world, Coinbase has garnered a reputation for terrible customer service, higher than industry average fees, and questionable reliability when markets are volatile.

As we’ve moved to a remote first environment, we realized that we no longer have a headquarters located in any one city. https://t.co/8SpdJgylx1

— Coinbase (@coinbase) February 24, 2021

Coinbase Customers Lash Out

The barrage of comments came thick and fast and took aim at everything from customer support to the now predictable service outages during large crypto asset price movements.

“Also you have zero customer support (automated copy paste emails do not count), I guess you can call that decentralised too.”

Another Coinbase customer claimed that he had lost almost a thousand dollars in trading fees with just an $8,000 investment.

Someone else questioned the suspension of XRP stating that the company is still very centralized in the United States. Another disgruntled user stated;

“Coinbase [has come] a long way since 2011 in [the] crypto world. Unfortunately, [its] reputation [has become] tarnished due to unacceptable level of customer service and ignoring your most valuable asset – [the] customer.”

The majority of the complaints were regarding unanswered email and customer support inquiries though there were plenty of mentions of the frequent service outages;

“No headquarters. No customer service. No service at all when the market moves… Good for you coinbase.”

One respondent pointed out it was just a ploy to use a popular word at the moment just like the last bull run when companies added blockchain to their names.

At the time of writing, around 12 hours after the blog post was published, there were too many replies to read, and the vast majority of them were negative. It appears that Coinbase, which still has a number of whale investors, has also decentralized itself from its customers.

Title: Coinbase Decentralization Claim Draws Fury From its Customers
Sourced From: cryptopotato.com/coinbase-decentralization-claim-draws-fury-from-its-customers/
Published Date: Thu, 25 Feb 2021 17:38:27 +0000

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Coinbase Decentralization Claim Draws Fury From its Customers
Coinbase Decentralization Claim Draws Fury From its Customers was originally published here https://observednews.blogspot.com/2021/02/coinbase-decentralization-claim-draws.html

What Bitcoin price levels will invalidate the short-term bearish scenario?

What Bitcoin price levels will invalidate the short-term bearish scenario?
What Bitcoin price levels will invalidate the short-term bearish scenario?

The price of Bitcoin (BTC) is continuing to range between $48,000 and $51,000, unable to break out of the $51,600 resistance level.

If Bitcoin struggles to surpass the $51,600 resistance area in the near term, technical analysts say the probability of a correction rises.


BTC/USDT 4-hour price chart (Binance). Source: TradingView

$51,600 is the key level to watch

According to Josh Olszewicz, a cryptocurrency trader and technical analyst, the $51,600 level is currently acting as a strong resistance level.

For Bitcoin to retest the all-time high at $58,000 and initiate a potential rally towards $62,000, it needs to cleanly move past $51,600, he explained. 

Hence, a rally beyond $51,600 is the clear invalidation point for any short-term bearish scenario for Bitcoin.

The failure to break out in the near term could result in a bearish test of lower support areas, found at around $42,000. He said:

“If 4h breaks down, be prepared for some uber bearish calls to start popping at 36.7k meanwhile, I’ll be bidding the daily Kijun at 42k. Alternatively, if $BTC breaks above 4h Cloud at 51.6k, I like ATH retest at 58k, R3 yearly pivot test at 62k, macro PF diag test at 70k, R4 yearly pivot test at 80K. Seasonality suggests we go neutral/sideways through March and then reach for those higher targets in Q2.”

The $42,000 support area is a key level because it marks the top of the previous rally. On Jan. 8, the price of Bitcoin peaked at $42,085 on Binance, seeing a steep correction afterwards.

Bitcoin dropping to $42,000 to retest the previous top as a support area would not be necessarily bearish beyond the short term, however. 

Whale clusters show similar levels of support

Moreover, analysts at Whalemap noted large inflows to whale wallets at $48,500 and $46,500, which they say should provide BTC with some support. 

“The current situation looks similar to the one we had at 29K,” they explained. What’s more, the $46,532 level may now be “the new $29,000,” which held as support during the previous correction in January before the rally continued. They added: 

The $55,400 is an important level to keep an eye on as well. Getting back above it will be a good sign

Whale cluster levels. Source: Twitter/@whale_map

The most compelling argument for a short-term Bitcoin drop

Bitcoin tends to seek liquidity after a prolonged consolidation, which means it can drop down to fill buy orders at lower support areas that can ultimately fuel a new rally.

A pseudonymous trader known as “Salsa Tekila” echoed this sentiment. He said that there is a big support area at $41,000, followed by resistance at $54,000. He wrote:

“My current take on $BTC mid term: 1) Support around $41K. 2) Resistance around $54K. Depending on context, I might trigger swings around those two vicinities. Likely just scalp until then, unless major events come to fruition.”

Bitcoin tested the $44,800 support level in the past 72 hours, but it was not enough to propel BTC above $51,600.

This trend could cause the price of Bitcoin to drop back to the $44,800 level or to a lower support level, at $42,000.

The ideal scenario would be for Bitcoin to hold onto the $44,800 support area if it drops again, stabilize it as a macro support level, and move back up.

Title: What Bitcoin price levels will invalidate the short-term bearish scenario?
Sourced From: cointelegraph.com/news/what-bitcoin-price-levels-will-invalidate-the-short-term-bear-scenario
Published Date: Thu, 25 Feb 2021 09:00:00 +0000

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What Bitcoin price levels will invalidate the short-term bearish scenario?
What Bitcoin price levels will invalidate the short-term bearish scenario? was originally published here https://observednews.blogspot.com/2021/02/what-bitcoin-price-levels-will.html

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