Bitcoin
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The cryptocurrency market feels relatively stable. However, there have been local problems in connection with the recent increase in the refinancing rate in the US by 75 basis points. Of course, investors expected this, but the next round of tightening of the Fed’s monetary policy did not go unnoticed. Now, experts are actively discussing the future of the flagship cryptocurrency.
Crypto analyst Ali Martinez has outlined a key support level for bitcoin. He wrote on his Twitter: as long as Bitcoin holds above the $19,800 area, it retains the potential to reach a global extreme at around $21,000. The expert also pointed out that many technical metrics point to the likely growth of Bitcoin.
Another expert, Mikael van de Poppe, said that Bitcoin has again consolidated near the $20,300 level. Against this background, he suggests that the flagship crypto asset may demonstrate a powerful bullish trend in the coming months. At the same time, he emphasized that it is necessary to monitor macroeconomic factors, since now they act as the main triggers for the movement.
It is worth noting that over the past two weeks, 9 new addresses have appeared in the Bitcoin ecosystem, which in total hold 190 thousand coins worth $3.8 billion on the balance sheet. This suggests that large investors have begun to accumulate assets, which can be considered a bullish signal.
Earlier, the editors of Crypto.ru informed: users of social networks continue to actively discuss the completed deal with the purchase of Twitter. Now there is talk that in the near future a number of cryptocurrencies can be integrated into Twitter. For example, in the past, Elon Musk himself casually pointed out that the Dogecoin cryptocurrency could appear on a social network.
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