Crypto starts week Positive, Bitcoin Bulls Prep For A Breakout

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Mane, Haratua 23, 2022 11:12 PM

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%.

te 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.

I runga i te tūtohi 6-haora, ko te mea i kiia i mua ko te maakete tahataha e rangirua ana inaianei kei te huri haere ki roto i te tauira tino pai, e tohu ana i te whakaurunga moni atamai.

Tuhinga o mua 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.

Ko te pakarutanga i raro i te ngaru A i te $28,630 ka whakakore i te kaupapa kuare. Mena ka angitu nga pea ki te pakaru i tenei arai, ko te whaainga e whai ake nei ko te $23,500, he 20% te heke mai i te utu BTC o naianei.

Ko nga tikanga macroeconomic a te United States i awhina i te pikinga o nga maakete crypto i te Mei 23. I whakapuaki te Perehitini Joe Biden i nga hiahia ki te whakaheke i nga utu hokohoko me Haina i mua i te whakatuwheratanga o te maakete, me te whakapakari i te maia o nga kaipupuri moni.

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.

Ahakoa te meka ko nga nekehanga o a raatau putea ki nga whakawhitinga i pa ki te 30-ra iti i te Mei 23, e ai ki te papaaata aroturuki i runga i te mekameka Glassnode, kaore nga kaikeri e whakaatu ana i nga tohu o te kapi.

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

Pānui e pā ana | Ka Tonu Nga Whakahekenga Roa Ki te Maakete Toka Hei Bitcoin Nga Whawhai ki te Whakatau i Runga ake i te $30,000

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