Post by: newshunter on December 30, 2021, 07:00:34 AM
A double top formation preceded Bitcoin's plunge below $48,000 on Dec. 28 with some analysts suggesting it could dip to $44,000 before resuming its uptrend.
Source: Analysts warn that possible downside wick could push BTC price as low as $44K (https://cointelegraph.com/news/analysts-warn-that-a-possible-downside-wick-could-push-btc-as-low-as-44k)
Would appreciate your opinion about this
Post by: TomPluz on December 31, 2021, 03:35:11 AM
As I am posting this, the price of Bitcoin according to CMC is around $46,000 so there is indeed that possibility that it can be falling even below $44K when 2021 will officially end hours from now and 2022 will begin. However, am more concerned on the coming days of 2022...will Bitcoin be able to recover and surge to new heights or will there be a lingering weakness in the overall cryptocurrency market? That is for us to find out so stay tuned, folks! Happy new year, everyone!
Post by: trendcoin on January 01, 2022, 07:27:21 AM
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Happy new year, everyone!
Happy new years to you too dear friend. I wish everyone good health and peace in the New Year.
Global inflation is growing. FED said it would raise interest rates. The pandemic is not over. The virus comes with new variants. The environment has a chaotic structure... Therefore, it is difficult to predict the direction of money flow in global markets. I do not have clear ideas. However, I have upward expectations.