Btc BitCoin Price Prediction 2022Btc BitCoin It is among the crypto coins traded on stock exchanges. Btc BitCoin comments and analysis, which are carefully followed by stock market investors, attract great attention. You can follow us and benefit from the information here.
Digital currencies, one of the popular investment areas of the last period, are making investors nervous. In particular, the sharp decline in BitCoin , the most powerful and valuable currency of the market, is considered by experts as “moving towards the death crossroad.” It lost value and fell below $30,000.
Is it a sign of a downtrend?
BitCoin ‘s 50-day moving average is on its way to cutting its 200-day moving average downwards. . This is interpreted as a sign that a downtrend will begin in the markets. The 50-day moving average of BitCoin , which has the largest market value, fell below 30 thousand dollars by recording more than 20 percent when the last time it cut its 200-day moving average.
It fell below $40,000 for the first time since September
BitCoin fell sharply on Monday, breaking below $40,000 for the first time since September. After the selling wave that spread throughout the crypto money markets, BitCoin recovered on Tuesday and climbed above $ 42 thousand again.
Bubble warning from BofA
In the market, there has been a rise in crypto in recent days. balloon discussions. BofA strategists, including Michael Hartnett, noted that with central bank tightening, bubbles “burst simultaneously” not just in cryptocurrencies, but palladium, tech stocks and historically risky assets.
Infrastructure Capital Advisors Portfolio Manager Jay Hatfield In “The decrease in liquidity from the Fed, both the equity risk premium and interest rates will rise, which will continue to disproportionately affect the riskiest assets in the market, including momentum-driven investments in money-losing tech stocks and cryptocurrencies in particular.”