Trader Speaks For This Crypto Asset: This Is Just The Beginning!

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It holds billions of dollars worth of BTC from the Satoshi era. bitcoin The resurgence of wallets has sparked speculation in recent weeks. While some investors sold their holdings, pushing the BTC price down after crossing $30,000, some experts believe this is just the beginning.

One crypto- According to technical analysis information shared by its trader, Bitcoin has only “1. entered the “stage”. The trader states that although Bitcoin has crossed the midline, it has not yet reached the cycle mid-tops or macro tops, implying that there is plenty of room for growth. argued.

In another conversation, a crypto trader argued that there are two possible outcomes for Bitcoin’s price action in the next few days. The first scenario is that the current $27,000 price is a good support level and it is unlikely to break through. However, the second scenario suggests that if the $27,000 support level is broken, the price of Bitcoin could drop further and retest the $25,000 neckline.

The crypto market plunge last week also affected other major coins like Ethereum (ETH) and Binance Coin (BNB), causing them to give back their gains. ETH is down more than 14%, causing it to slide below $2,000. Polygon (MATIC) and Solana (SOL) suffered the most significant losses among cryptocurrencies with the most significant market caps.

Data from market monitoring site CoinMarketCap shows that MATIC and SOL are heading towards 20% cumulative negative seven-day growth.

You can follow the current market data here.


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