A break below the immediate support of $9,873.85 will sink the price to the trendline of the symmetrical triangle. After staying close to the moving averages for the past few days, Bitcoin is facing selling pressure. BTC/USDīitcoin continues to trade inside the symmetrical triangle. So, is this a good time to buy or is this only a dead cat bounce that will fizzle out? Let’s analyze the charts. Meanwhile, a few altcoins have started to show signs of life at lower levels. We expect a large move in Bitcoin, which will set the direction for the next few weeks.
In the short term, we believe that the launch of Bitcoin futures trading at Bakkt will determine the price of the leading cryptocurrency. He said that, as the adoption of Bitcoin among the masses increases, the price will skyrocket higher. Tim Draper has said that his target price of $250,000 for Bitcoin is conservative because at that price, the leading cryptocurrency will have only about 5% market share of the currency world, which may be understating the importance and power of Bitcoin. Crypto fund executive Travis Kling believes that Bitcoin ( BTC) is a great hedge against irresponsible monetary and fiscal policies of central banks and governments. Many central banks across the world are racing against each other to devalue their currencies.
0 kommentar(er)
