So what is going to be? Crypto analysts put their predictions about BTC's next move on the table, only agreeing that $42K is the breaking line to keep an eye on.
shows that the price of Bitcoin has traded in a range between $41,500 and $43,000 over the past couple of days and with tensions between Ukraine and Russia escalating, many traders are less than optimistic about Bitcoin's short-term prospects.Here’s a look at what analysts are saying about their short-term expectations for Bitcoin price.
A more in-depth read on the current chart formation was provided by crypto analyst and pseudonymous Twitter user TechDev, who posted the following chart, which divides the “year-long BTC range” into two-week-long sub-ranges.“Closing outside one has granted weeks of price action in the next. Yesterday's 2W close above $40,000 suggests the previous close was a deviation. Current 2W key in determining which sub-range we'll be spending the next few weeks.
the following chart suggesting the dip was a deviation designed to “suck in traders on the wrong side” and “trap breakout traders” by making them “load higher/lower targets.”“History doesn't repeat, but it often rhymes. Chances are there that this was just another deviation. At least the sentiment matched near the lows, that's for sure.”
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Weekend Watch: Ripple Soars 8%, Bitcoin Maintains Crucial $42KWhile bitcoin and most alternative coins are calm now, XRP has charted the most impressive gains with a near 8% increase.
Les mer »
Crypto Market Turns Red: Bitcoin Struggles at $42K (Market Watch)Most of the cryptocurrency market is in the red today with substantial price losses from Ripple, Avalanche, and Polygon. Bitcoin struggles at $42K.
Les mer »
First Mover Asia: Bitcoin Finds Firm Footing Above $42KAfter dropping last week, BTC found firm footing above 42K during U.S. trading hours as investors held their breath about a potential Russian invasion of Ukraine, particularly the implications on the global energy supply. JPRubin23 reports
Les mer »
Crypto Market Turns Red: Bitcoin Struggles at $42K (Market Watch)Most of the cryptocurrency market is in the red today with substantial price losses from Ripple, Avalanche, and Polygon. Bitcoin struggles at $42K.
Les mer »
Bitcoin Price Dips, Here's a Positive Sign as Active Users Spike⬆ +13 Bitcoin Price Dips, Here's a Positive Sign as Active Users Spike $BTC bitcoin cryptocurrency
Les mer »
Coinbase stock falls 5% pre-Wall Street as Bitcoin price dip adds to Super Bowl woesBitcoin price action combines with Coinbase's Super Bowl blunder to pressure COIN down 5%.
Les mer »