Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forks => Bitcoin Forum => Bitcoin Cash Forum => Topic started by: Lincoln657 on December 02, 2021, 05:13:00 AM
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The fall in the price of bitcoin as a result of prolonged consolidation looks like the most likely scenario. As the springs of the markets have shrunk to a maximum, an exit in one direction or another is likely in the coming days or even hours, said Yanis Kivkulis, lead strategist at EXANTE.
Bitcoin price fluctuations over the past two months fit well into a triangle with frequent bounces from levels around $31,500 and the resumption of sales from increasingly lower values. A month ago, the rebound lost strength at $40,000, a couple of weeks ago, the price turned around at levels above $ 36,000, and at the beginning of the week, sellers took positions at $34,000.
So far, bitcoin is supported by the enthusiasts' faith in its attractiveness in the event of a halving of the price from peak levels. However, the downward trend from increasingly lower levels is a significant factor for selling.