geschriwen has been consolidating around $30,000 for quite a while now. Most people lost all hope of a renewed uptrend and already are liquidating their crypto portfolios. However, it is important to note that most tokens are currently around their respective support areas. Naturally, the $30,000 for Bitcoin is a strong psychological price that represents a buy zone. In this Bitcoin price prediction article, we’re going to see why Bitcoin consolidating around $30,000 is a good thing, signaling higher prices in the future.
Ass den aktuelle Bitcoin Präis gutt fir ze kafen?
Bitcoin prices fell from a high of $69,600 and reached the current price of $29,350. This 57% drop in prices crashed the entire cryptocurrency market. A snowball effect started to happen, where other crypto Projeten got affected by those falling prices, and in turn, crashed even harder.
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The $30,000 price area for Bitcoin is a very important one. In fact, many big firms purchased Bitcoins around that price. Additionally, looking at figure 2 below, we can see how previously, Bitcoin prices did also consolidate around those exact areas before going on an uptrend.
Bitcoin Price Prediction – What’s going to happen after the consolidation?
Wann d'BTC Präisser erëm ënner $28,000 falen, da wier déi nächst Ënnerstëtzungsberäich ongeféier $20,000. Wéi och ëmmer, et ass méi wahrscheinlech datt d'Präisser vun dëser Bitcoin Präiskonsolidéierungsphase eropgoen. Dat éischt Zil ass ongeféier $ 35,000, oder eng 17% Erhéijung vun de Präisser. Duerno sollten d'Präisser den nächste psychologesche Präis vun $40,000 zielen. Vun do aus kënne mir eng liicht Upassung méi niddereg gesinn, awer laangfristeg sollten d'Präisser méi héich briechen. Dëst géif den offiziellen Ufank vum Uptrend markéieren.
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Source: https://cryptoticker.io/en/bitcoin-price-hovering-around-30000-is-good/