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Bitcoin under $ 33,000, cryptocurrencies on the pole

Cena bitcoin on the weekend it fell again and today it crippled cryptomn dropped to the uneven level since July 2021, for areas under $ 33,000. What to expect from the cryptotrhu?

  • The future is stylish for the markets and the immediate reasons for the weekend’s decline are not very important at this time. Pesto is worth noting that on the weekend we did not record a day at first for the market with cryptonami as such, pesto price bitcoin and dalchaltcoin declined. This potentially points to a step up investor due to the worsening market sentiment and concerns about the economic slowdown, which could indicate a long-term weakness;

  • 200 daily moving average (SMA), which long-term investors use to determine the trend of less than 100 letis close to 21,000 USD. In previous rising cycles, the price bitcoin fell below SMA 200, declines were usually followed by very strong demand, which did not allow bitcoin remain in the downward trend for a long time,
  • Volume of transactions in the market with cryptonami sharp decline, which indicates the exit of a large investor and send the tokens of cryptocurrency exchanges to external wallets, as shown on-chain data. Decreasing volumes increase volatility and at the same time facilitate price movements.

Historick graf bitcoin compared to SMA200. After the uptrend, the price broke below average, and in the end it always responded with strong demand. Source: lookintobitcoin.com

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  • Decline cryptomn proves that digital assets are sensitive to soaring inflation and growing years rates. Meme there, e investment many individual investors in cryptomn and nrst volumes were caused by positive sentiment and a lack of concern about the economy. We are now seeing a worsening of sentiment and some households will be growing ivotnm nkladm a spltkm vr reduce their costs. In this context, the people would move to a speculative market with cryptonami could be a problem in the coming months that could benefit the seller;

  • Dal halving bitcoin is full of arrest year 2024until then I will improve the condition of economies and stabilize monetary policy, which will support the return of positive sentiment to the market with cryptonami and stop further bho cycle. Investment so they can linger and start a large accumulation cryptomn TV in TV deteriorating market sentiment, it is also worth noting that the cycle years of rates v USA is still in the morning;
  • Cryptocurrency They can still be due to anonymity, low transaction costs and fast transactions. Nkter cryptocurrency (nap. Bitcoin) are unlike fiat Central banks deflate assets and their supply is limited in advance, which can support growth if demand remains high;
  • The declines have significantly affected altcoinLuna, which has recently attracted investors with attractive years for stakes. After the sale of one of the whales in the stablecoin worth 285 million dollarUST for a while lost vi dollar and traded at 0.98 dollar. The moon shone under 60 USD and in the last 5 days alone, the dark has lost 40% of its value;

Graf bitcoin, interval W1. The week interval shows how it is Bitcoin volatile, while still the most stable and largest z cryptomn. On the chart we can see a formation similar to RGR, its neckline is around $ 29,000 and the darkness perfectly matches the 61.8 Fibonacci retracement. Another potential support is the 71.6% retracement, which in the vicinity of $ 22,000 coincides with an average of 200 SMAs, which has often been tested in the past. Mood in the market with cryptonami the bag will stick to me if we observe a revival in the financial markets. Source: xStation 5


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