What's Hot

    Chinese tax authorities step up pressure on private crypto investors

    26.01.2023

    Tether will look for crypto transactions that pay for child pornography

    26.01.2023

    On-chain activity in the Optimism network collapsed after the end of the NFT bonus program

    26.01.2023
    Facebook Twitter Instagram
    Friday, January 27
    Facebook Twitter Instagram
    Crypto News
    • Home
    • Bitcoin
    • Ethereum
      • Altcoins
      • ICO
    • Analytics
    • Blockchain
    • Other
      • DeFi
      • Mining
      • Regulators
      • Security
    Crypto News
    Home»Bitcoin»When Bitcoin exits the correction phase. Analyst forecast
    2e75a594120ae780f9e089df103af6746a24563d
    Bitcoin

    When Bitcoin exits the correction phase. Analyst forecast

    AdministratorBy Administrator04.01.2022No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reading time: ~ 2 m


    According to Benjamin Cowen, the first cryptocurrency will be in a downward movement in the coming months.

    When Bitcoin exits the correction phase Analyst forecast

    The opinions of experts may not coincide with the position of the editorial board. RBC-Crypto does not provide investment advice, the material is published for informational purposes only. Cryptocurrency is a volatile asset that can lead to financial losses.

    Cryptanalyst Benjamin Cowen believes that Bitcoin should not grow significantly in the first quarter of 2022. According to the analyst, the cryptocurrency will remain in a correction phase for several more months before returning to parabolic growth.

    Cowan explained that at the end of November, Bitcoin dropped below the 20-week moving average (SMA), which runs at $ 53K and the 21-week exponential moving average (EMA), which runs at $ 51K. it is necessary to break through these levels and gain a foothold above them, the analyst explained.

    According to Cowan, a similar situation already occurred in May last year, when the price of the cryptocurrency dropped to $ 30 thousand for the first time since January. Then it took Bitcoin almost three months to get out of the correction phase. The asset was able to break through the SMA and EMA only in August, the analyst added.

    On January 4, Bitcoin is trading at $ 46.5 thousand.Over the day, the cryptocurrency has fallen in price by almost 2%, and its capitalization has decreased to $ 880 billion, according to CoinGecko. On December 4, for the first time since the end of September, the asset price fell to $ 42 thousand. On November 10, the asset price updated its historical maximum above $ 69 thousand.




    #Bitcoin #exits #correction #phase #Analyst #forecast

    analyst Bitcoin correction exits Forecast phase
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Avatar of Administrator
    Administrator

    Related Posts

    AI Calls Bitcoin a Tool to Destroy Central Banks

    26.01.2023

    Anthony Scaramucci Predicts Bitcoin’s “Renaissance” in 2023

    26.01.2023

    Crypto Analyst Expects Bitcoin to Rise Above $30,000 in February

    26.01.2023

    The price of bitcoin is growing due to the growth of activity of institutional investors

    26.01.2023
    Add A Comment

    Leave A Reply Cancel Reply

    Recent Posts
    • Chinese tax authorities step up pressure on private crypto investors
    • Tether will look for crypto transactions that pay for child pornography
    • On-chain activity in the Optimism network collapsed after the end of the NFT bonus program
    • Shiba Inu Network Transferred 3 Trillion SHIB Tokens Worth $38 Million
    • AI Calls Bitcoin a Tool to Destroy Central Banks
    Recent Comments
    • 수원출장 on A professor from a US university restored the Tornado Cash code to GitHub
    • 123 on Taproot support added to LND Lightning client
    • houston junk car buyer on 16,000% increase in social media mentions in 2021 Shiba inu
    • Jim Carrey Memy on Bitwise Launches NFT Tracking Index Fund
    • hotshot bald cop on Kava developers launch testnet with EVM support
    Archives
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    Categories
    • Altcoins
    • Analytics
    • Bitcoin
    • Blockchain
    • Ethereum
    • ICO
    • Mining
    • Other
    • Regulators
    • Security
    Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Top Posts

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo
    Facebook Twitter Instagram Telegram
    • Home
    • Bitcoin
    • Ethereum
    • ICO
    © 2023 Bt-Crow.com - CryptoNews

    Type above and press Enter to search. Press Esc to cancel.