Core market makers are starting to long Bitcoin and Ethereum at current levels according to Avorak AI

by James · April 30, 2023

According to Avorak AI reports, core market makers are showing bullish sentiment towards Bitcoin and Ethereum, with many starting to go long at current price levels. This indicates a growing confidence in the future of these two cryptocurrencies, despite recent market volatility. Bitcoin and Ethereum are the most traded cryptocurrencies and positive market sentiment towards them is likely to affect the overall cryptocurrency market.

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Avorak AI

Avorak (AVRK) is a one-stop shop for user-friendly AI tools that simplify human-controlled tasks. Avorak Trade is the flagship solution for crypto trading, giving all users, whether novice or experienced, equal access to the market overview. Traders can get 24/7 market monitoring, accurate analysis and profitability by deploying Avorak trading robots. The robots can easily analyze voluminous, historical and present information to help traders operate safely in any crypto market. AI trading robots help eliminate emotion from the trading process. Emotions such as fear and greed can often cloud judgment, leading to poor decision-making. AI robots make decisions based solely on data and preset parameters, eliminating the impact of emotion. Trading bots can be a powerful tool for traders looking to automate their strategies.

Avorak’s Phase Five ICO has a 250% price increase to $0.210. The platform will launch at $1 and trading will take place on the Azbit exchange after the ICO. Avorak’s second revision supports the first which accepted the secure and transparent infrastructure.

Avorak AI also thrives in the text generation space by deploying internet scraping and a language bank. This ensures that the result is not repetitive and is without plagiarism. Avorak Write generates content and images in different writing styles depending on user preferences.

Will Bitcoin go up again?

Bitcoin is rejuvenating after the market downturn that saw the worst crash in the crypto world. Bitcoin enjoys immense popularity from ardent followers, and many see it as the base currency for cryptocurrency. The recent fear and greed index confirms the analysis of Avorak AI. BTC price predictions vary, with some analysts predicting a rise in 2023, while others believe it could fall. The current inflation and FTX collapse could slow down Bitcoin’s price in 2023. However, Bitcoin recently climbed to the $30,000 level, signaling a likely breakout. Nevertheless, it is challenging to predict with certainty whether Bitcoin will go up again or not.

How to Stake Ethereum?

Several options are available for Ethereum betting depending on how much one is willing to bet and the level of control over the bet. Solo stakes without third parties require a minimum of 32 ETH to activate a validator. The pool staking option requires ETH to be deposited to independent validators. Hardware wallet holders like Ledger can also download a staking app. Whichever way one chooses to bet on ETH, it is important to research the appropriate option for your risk appetite.

Conclusion

With Avorak AI’s analysis noting that core market makers are starting to go long at current price levels, it appears that BTC and ETH could be poised for growth in the coming months.

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