empty
29.11.2021 05:39 PM
Bitcoin and Ether Rise Rapidly Amid Easing Concerns Around Omicron

Bitcoin and Ether have managed to recover their positions after a big sell-off last Friday. The weekend turned out to be quite calm, while many expected another major fall in the cryptocurrency market, which did not happen, and it is quite possible that it will not. We have central bank meetings ahead, and investors will again resort to protecting their assets, partially using the world's first cryptocurrency.

Bitcoin's price has risen nearly 6% over the past 24 hours to $57,373, while Ether is up about 7% to $ 4331.

This image is no longer relevant

Most likely, investor interest in risk returned after the news that the new highly mutated variant of the Omicron coronavirus is not as dangerous as previously expected, and has milder symptoms - this is a strong push for the market, including the cryptocurrency market. Against this background, even US index futures strengthened.

The new Omicron variant is potentially weaker in terms of symptoms than indicated in the initial analysis. At the same time, a serious correction in the market persisted for quite a long time, and a number of large investors took advantage of this moment. On Sunday, Dr. Angelica Cootzee, the South African physician who first discovered the omicron variant, described its symptoms as "extremely mild." This slightly eased investors' fears about the possible resumption of restrictions and the introduction of lockdowns during the Christmas and New Year holidays.

However, the new variant of the coronavirus, which was first detected in South Africa, has spread to several European countries, including the UK, Germany, and Italy. As a result, many countries are imposing travel restrictions. For example, the United States has restricted communications with some African countries. The UK has also introduced new measures to tackle the coronavirus, including the mandatory wearing of masks in shops and on public transport.

Pharmaceutical companies and vaccine manufacturers have already announced that they have begun researching Omicron and that trials are already underway. It remains to be seen how the new strain will respond to existing vaccines and whether new formulations will be required. This was stated by the director of Moderna Paul Burton in an interview on Sunday. "The vaccine manufacturer could release a new formula against the Omicron variant early next year," Burton said.

This image is no longer relevant

As for the technical picture of Bitcoin

Despite the fact that BTC managed to bounce off its lows around $54,000 and recover to $57,000, the downward trend seen since November 8 is still in place. It is still too early to talk about the bulls' interception of the market. The key task will be to go beyond the resistance of $59,422 since only after that it will be possible to count on more rapid growth in the area of the highs of $63,800 and $68,880. It will be possible to speak of increased pressure only after the rate returns under the support of $55,930. The breakdown of this level will quickly dump the trading instrument to $53,190 and open a straight path to $50,220.

This image is no longer relevant

As for the technical picture of Ether

Given that this altcoin was in high demand last week (plans were disrupted by a new strain of coronavirus), it is quite possible that the growth will continue. Large support in the area of $3,970 remains to work itself out one hundred percent. Now the bulls need a breakout of the intermediate level of $4,367, which will open a direct path to the highs of $4,549 and $4,768. It will be possible to talk about serious problems for ether buyers only after the break of $3,970, which will push the trading instrument into the area of the lows of $3,682 and $3,405.

And finally. For fun, I advise you to look at the Omicron token chart.

This image is no longer relevant

Its price has risen by more than 900% after the WHO identified the COVID-19 strain of the same name. This token has nothing to do with the coronavirus strain, but someone decided that it was possible to earn money here too. Be careful and take care of your deposits.

Jakub Novak,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Ethereum caiu. Bitcoin foi menos afetado

Apesar da implementação bem-sucedida da atualização de teste Pectra na nova testnet Hoodi — possivelmente o passo final antes do lançamento da atualização na rede principal do Ethereum, com foco

Jakub Novak 16:27 2025-03-28 UTC+2

Dicas de negociação para o mercado de criptomoedas em 28 de março

O Bitcoin e o Ethereum estão lutando para se manter à tona. Outra tentativa fracassada do Bitcoin de se sustentar acima dos US$ 88.000 resultou em vendas durante o pregão

Miroslaw Bawulski 16:21 2025-03-28 UTC+2

Dicas de negociação no mercado de criptomoedas em 27 de março (sessão norte-americana)

O Bitcoin não mostrou nada de interessante na primeira metade do dia. Apenas o Ethereum pôde ser negociado um pouco dentro de seu canal lateral, no qual ainda está preso

Miroslaw Bawulski 17:29 2025-03-27 UTC+2

Análise técnica do movimento intradiário de preços da criptomoeda Filecoin, quinta-feira, 27 de março de 2025.

Após romper com sucesso a linha inferior do canal em formato de Rising Wedge (cunha ascendente) no gráfico de 4 horas da criptomoeda Filecoin, e com seu movimento de preço

Arief Makmur 17:10 2025-03-27 UTC+2

Análise técnica do movimento intradiário de preços da Ethereum, quinta-feira, 27 de março de 2025.

Se nos próximos dias não houver um fortalecimento significativo — especialmente se o preço não romper e fechar acima do nível de 2549,05 no gráfico diário do Ethereum — isso

Arief Makmur 17:07 2025-03-27 UTC+2

Análise do BTC/USD. 27 de março. O Bitcoin não tem potencial de crescimento

A estrutura de ondas no gráfico de 4 horas do BTC/USD está bastante clara. Após a conclusão de uma tendência de alta composta por cinco ondas completas, iniciou-se uma fase

Chin Zhao 17:00 2025-03-27 UTC+2

O projeto de lei de regulamentação das criptomoedas nos EUA avança rapidamente.

Os legisladores dos EUA estão avançando rapidamente com propostas para regular os ativos digitais. Em breve, devem votar um projeto de lei sobre stablecoins e uma versão revisada da legislação

Jakub Novak 14:04 2025-03-27 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 26 de março

O Bitcoin e o Ethereum continuam a apresentar crescimento ativo, mas enfrentam desafios para superar os principais níveis de resistência. Ontem, o Bitcoin recuou após atingir US$ 88.400 e está

Miroslaw Bawulski 15:02 2025-03-26 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 25 de março

O Bitcoin e o Ethereum atingiram níveis significativos, mas não conseguiram mantê-los. O Bitcoin subiu para US$ 88.600 antes de recuar e agora é negociado em torno de US$ 86.600

Miroslaw Bawulski 16:37 2025-03-25 UTC+2

Por que a queda do Bitcoin ainda não acabou?

Apesar do recente crescimento do mercado de criptomoedas, projeções mais otimistas e um retorno do Bitcoin à marca de US$ 100.000 ainda parecem irreais no momento. Dados da Glassnode indicam

Jakub Novak 13:35 2025-03-25 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.