Bitcoin price After exceeding $ 86,400, the EU fell again with the despair of tariffs. However, the price is still close to $ 85 thousand. On the other hand, some crypto money analysts warn those who think that the decline will continue. So what are the estimates for crypto currencies?
Crypto Money Bear Markets
Cryptoquant CEO, which was put forward by Young Ju weeks ago. This is especially in subcoins It has enabled you to earn Young Ju for those who took the deduction position. But not everyone thinks the same with him. Following the decreases that caused this kind of despair, we have seen strong feedback in the middle of 2021.
Mister Crypto warned those who were waiting for the continuation of the decline, focusing on the unprecedented loss of the Bitcoin supply in circulating.
“In circulating Bitcoin Only 24 %of its supply is in unrelated damage. This level often points to the fall of a normal bull market, not the beginning of a bear market. The bull market is not over! “
Crypto coins will rise
Although the tariffs and other negative developments, investors cover fear and panic, but crypto currencies will rise. If we are in an environment where historical data is not valid, this should be what we will see. While the prices rise, everyone will not remember the challenging days and the months of these days.
Mousache said that the direction we went by sharing the graph below is up.
“Bitcoin etc. Spx.
Friendly reminder; Finally, we see a 3 -dimensional bull intersection (MACD) on the BTC/SPX graph.
In the last 2 years, in 4 of the last 5 flights, this was a historical rise signal for the entire crypto market + pointed out the most powerful rally. Are you prepared? “
Jelle, who closely follows the moving averages, warns that something has started to change after the decline movement that has been going on for months.
“Bitcoin has been over the third time for the third time since the start of the fall trend. An important difference: EMA is no longer downward.”
BTC While lingering around 85 thousand dollars, the appetite has not yet come back in Altcoins.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
