Crypto starts week Positive, Bitcoin Bulls Prep For A Breakout

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Mán 23. maí 2022 11:12

Crypto starts week Positive, Bitcoin Bulls Prep For A Breakout

On Monday, the cryptocurrency and Bitcoin market turned positive, attempting to break out of its current downturn, with market capitalization rising 1.5% to $1.37 trillion. The largest cryptocurrency, Bitcoin , reached $30,554, up 1.2%.

The Bitcoin price’s downhill movement is becoming increasingly apparent. A rally towards $33,700 is possible.

For nearly two weeks, the Bitcoin price Fear and Greed indicator has been at high fear levels. Because more investors are afraid to invest in the present BTC price, this Index can be utilized as a contrarian positive indicator, allowing smart money to accumulate huge orders.

Á 6 klukkustunda töflunni, það sem áður var talið vera ruglingslegur hliðarmarkaður, er nú að snúast í mjög bullish mynstur, sem gefur til kynna að snjall peningar hafi tekið þátt.

Verð á bitcoin is creating a sideways triangle. From an Elliott wave standpoint, the lengthy sideways action justifies a wave B pattern. Since the initial countertrend rally on May 13th around $31,200, it has spent disproportionate time in the $30,000 zone. If the technicals hold, another countertrend profit-taking rise with targets of $33,700 and $34,000 will occur before significant bearish resistance returns.

Brot fyrir neðan bylgju A á $28,630 ógildir bullish forsendu. Ef birnirnum tekst að brjótast í gegnum þessa hindrun gæti næsta markmið verið $23,500, sem er 20% lækkun frá núverandi BTC verði.

Þjóðhagslegar aðstæður Bandaríkjanna hjálpuðu til við uppgang dulritunarmarkaða þann 23. maí. Forseti Joe Biden tilkynnti fyrirætlanir um að draga úr viðskiptatollum við Kína áður en markaðurinn opnaði, sem eykur traust fjárfesta.

Related Reading | Eight Consecutive Red Closes: Is Bitcoin Headed For A Recovery?

Bitcoin’s network difficulty is expected to decrease by 3.3 percent during its next automated readjustment this week, according to the latest projections. The drop will be the biggest since July 2021, and it’s apparent that Bitcoin’s slump has put miners’ profits in jeopardy.

Þrátt fyrir þá staðreynd að færslur veskis þeirra til kauphalla snerti 30 daga lágmark þann 23. maí, samkvæmt eftirlitsvettvangi á keðju, Glassnode, sýna námumenn ekki vísbendingar um caption.

At the start of a new trading week, bitcoin miner stocks were up and down in equal measure.

Tengdur lestur | Löng slitaskipti halda áfram á Rock Market As Bitcoin Barátta við að setjast yfir $30,000

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