Saturday, May 21, 2022

Bitcoin Reached $45,000 Levels Again!

Must Read

Solana : Is its 34.5% rally enough to fend off possible flippening with LUNA As another week draws to a...

Skechers is Stepping into Metaverse!

After Nike and Adidas, Skechers is also stepping into the world of the metaverse. According to the announcement, the...

Uniswap Deploys to Polygon as MATIC Hits All-Time High

The world’s most popular decentralized exchange has just been turbocharged with deployment on Ethereum layer 2 aggregator Polygon. In an...

Bitcoin has started August well!

After a long break, Bitcoin saw the levels of $ 45,000 again.

Bitcoin price has been trading in a wide range between $30,000 and $42,000 since the May drop.

Bitcoin has moved around $36,000 on average since the drop. When Bitcoin, which has made a sharp rise recently, reached $ 45,000 again, this development also excited crypto money investors.

According to data collected earlier this year, $42,000 was a very significant level. In January 2021, Bitcoin made its first peak, reaching $42,000. However, the price of Bitcoin came up to $ 30,000. After going through a short correction period, it retested the $42,000 top. Bitcoin, which gained strength at the level of $ 30,000, then went up to $ 64,000.

At the moment, we can see a similar breakout in BTC price again. At the same time, there is no rule that every price action in the past will be repeated again. It would not be right to evaluate the Bitcoin price, which depends on many parameters, only based on historical price data.

If Bitcoin price does not fall below $42,000, it will be possible to try the levels we mentioned. If the market can sustain this rally, it looks like we should keep an eye on the $49,000 and $52,000 price range.

If the price goes down, BTC could decline to $36,500, which was previously considered a strong support.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Solana : Is its 34.5% rally enough to fend off possible flippening with LUNA As another week draws to a...

Skechers is Stepping into Metaverse!

After Nike and Adidas, Skechers is also stepping into the world of the metaverse. According to the announcement, the big brand will open a...

Uniswap Deploys to Polygon as MATIC Hits All-Time High

The world’s most popular decentralized exchange has just been turbocharged with deployment on Ethereum layer 2 aggregator Polygon. In an announcement on Dec. 22, Uniswap...

Chinese Companies are Competing in the ‘Metaverse’ Brand Race!

Despite the People's Bank of China's (PBOC) recent warning about the 'metaverse' and NFTs, many Chinese companies have filed for metaverse trademarks. At a meeting...

Don’t expect retail sell-off to crash Bitcoin price

Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry’s best-known analysts suggested. In a Twitter discussion...
- Advertisement -

More Articles Like This

- Advertisement -