The Future and Expectations of Bitcoin

Bitcoin continues to fluctuate below the critical level of $70,000. This level is considered as an important resistance point for investors and is seen as a key support to reach $100,000. Cryptocurrency analyst TradingShot predicts that after the 4th block reward halving, Bitcoin could experience a serious correction and drop below the $60,000 level. The analyst warns investors about short-term risks. Rising Scenario According to TradingShot, Bitcoin’s price movement may experience a correction towards the 0.382 Fibonacci retracement level similar to previous market corrections, which could lead the price to drop to the $58-60,000 range. The analyst predicts a downward trend based on Bitcoin’s past movements, showing decreasing performance after each bull cycle. Effects of the US Economy Factors such as the increase in yields on US Treasury bonds and the strengthening of the US dollar have affected the value of Bitcoin. Concerns are rising in the markets due to […]

The Future and Expectations of Bitcoin

Bitcoin continues to fluctuate below the critical level of $70,000. This level is considered as an important resistance point for investors and is seen as a key support to reach $100,000. Cryptocurrency analyst TradingShot predicts that after the 4th block reward halving, Bitcoin could experience a serious correction and drop below the $60,000 level. The analyst warns investors about short-term risks.

Rising Scenario

According to TradingShot, Bitcoin’s price movement may experience a correction towards the 0.382 Fibonacci retracement level similar to previous market corrections, which could lead the price to drop to the $58-60,000 range. The analyst predicts a downward trend based on Bitcoin’s past movements, showing decreasing performance after each bull cycle.

Effects of the US Economy

Factors such as the increase in yields on US Treasury bonds and the strengthening of the US dollar have affected the value of Bitcoin. Concerns are rising in the markets due to high inflation rates in the US economy and the Federal Reserve’s interest rate policies. Investors closely monitor whether Bitcoin can maintain its price and support levels, as it is believed that this situation could further increase the price.

Useful Information for Readers

Bitcoin’s $70,000 level is an important support point for reaching its $100,000 target.
Based on TradingShot’s analysis, there is an expectation for Bitcoin’s value to drop below $60,000 after the 4th block reward halving.
The impact of inflation rates and interest policies in the US economy on the price of Bitcoin is significant.
Maintaining the current support levels of Bitcoin could pave the way for further price increase.

In summary, the Bitcoin market is in a sensitive period due to various influencing factors. The protection of critical support points and the upcoming block reward halving are important developments for investors. The potential effects of inflation and interest policies in the US economy are still being closely monitored.

how to buy crypto?
Related Posts

do you really trust these bitcoiners

News 3 months ago

Discover the factors impacting trust in Bitcoiners and learn how to assess and build trust in the Bitcoin community. Understand the challenges to trust in Bitcoiners.In the world of cryptocurrency, Bitcoin has become a hot topic of discussion, and those involved in the Bitcoin community often refer to themselves as “Bitcoiners.” With the increasing popularity of Bitcoin, the concept of trust within this community has become a crucial aspect to consider. As a blogger in the cryptocurrency space, it’s important to examine the dynamics of trust within the Bitcoin community. In this blog post, we will delve into the various subtopics related to the trustworthiness of Bitcoiners, such as understanding what trust means in the context of Bitcoin, assessing the factors that impact trust in Bitcoiners, exploring the challenges to trust within the Bitcoin community, and discussing strategies for building and maintaining trust. Ultimately, the goal of this post is […]

do you really trust these bitcoiners beware

News 3 months ago

Learn about Bitcoin, cryptocurrency, and how to protect your investments from scams. Can you trust Bitcoiners? Find out here.Are you thinking about investing in Bitcoin or other cryptocurrencies? With the increasing popularity of digital currencies, it’s important to have a solid understanding of the world of cryptocurrency and the potential risks involved. In this blog post, we will delve into the basics of Bitcoin, explore the world of cryptocurrency, discuss the issue of trusting Bitcoiners, and provide tips for identifying scams and protecting your investments. While Bitcoin and other cryptocurrencies can offer exciting investment opportunities, it’s crucial to be aware of the potential for scams and fraud within this rapidly evolving market. By being informed and vigilant, you can make informed decisions about your investments and protect yourself from potential risks. So, before you trust just any Bitcoiner with your hard-earned money, read on to learn how to navigate the […]

how much is 0.29 bitcoin

News 3 months ago

Learn about the factors affecting Bitcoin’s value, current market trends, and strategies for investing in 0.29 Bitcoin. Understand Bitcoin’s worth today.Are you curious about the current value of 0.29 Bitcoin? In today’s digital age, Bitcoin has become a hot topic, with its value constantly fluctuating. Understanding the factors that affect Bitcoin’s price and the current market trends can help you evaluate the worth of your investment. In this blog post, we will delve into the various aspects of Bitcoin value, including the factors that influence its price and the strategies you can employ for Bitcoin investment. Whether you’re a seasoned investor or just starting out in the world of cryptocurrency, it’s essential to stay informed about the value of your Bitcoin holdings. So, let’s explore how much 0.29 Bitcoin is worth and what you can do to make the most of your investment. Understanding Bitcoin Value Bitcoin value is a […]

0 Comment

Write a Comment

how to buy crypto?
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • bitcoinBitcoin(BTC)
    $64,110.00-2.97%
  • ethereumEthereum(ETH)
    $3,169.47-8.03%
  • tetherTether(USDT)
    $1.00-0.06%
  • binancecoinBNB(BNB)
    $561.40-4.12%
  • solanaSolana(SOL)
    $169.84-2.46%
  • rippleXRP(XRP)
    $0.611.25%
  • usd-coinUSDC(USDC)
    $1.00-0.06%
  • staked-etherLido Staked Ether(STETH)
    $3,168.19-8.08%
  • dogecoinDogecoin(DOGE)
    $0.123807-6.37%
  • the-open-networkToncoin(TON)
    $6.60-5.04%
Random