Bitcoin's price once goes into consolidation in a critical area where speculators are pushing up 42,000 dollars.
The wait game for cryptocurrency trading after Bitcoin (BTC) is fixed again under resistance at $ 43000, pending some momentum that could keep the rise to $ 50000.
Data from Quintelegraph Markets Pro and Treding View show that Bitcoin's price has traded at between $ 41500 and $3,300 over the past two days.
Is Bitcoin on its way to zero?
Peter Schiff, famously opposed to cryptocurrency currencies, has made it possible to align himself with Bitcoin's latest conflicts by publishing the following diagram, which refers to a Bitcoin double top as a sign that the digital asset is set to drop to $0.
Schiff asked followers to "imagine how bad this chart is once Bitcoin breaks below $ 30," and strongly predicted that "if the double top is completed, the real minimum is zero!"
Where Schiff said,
"The decrease to $10000 may seem like a lock, but there is no reason to believe that this level will hold as a permanent minimum."
A more in - depth reading about the composition of the current chart was provided by the cryptocurrency analyst and Twitter user nickname Tech Dev, who published the following chart, which divides "Bitcoin Domain Over a Year" into sub - ranges over two weeks.
Where Tech Dave said,
"The off - one shutdown granted weeks of price movement the next day. Yesterday's closure above US $ 40000 indicates that the previous closure was an aberration. The current key over the two weeks is to determine the sub-range that we will spend in the next few weeks. "
"The rising intersection is happening now."
Market analyst Caleb Franzine pointed to evidence that Bitcoin's price could soon start to trend upward, with the next chart published looking at Bitcoin's daily candles since October 2020.
https://nwscoin.blogspot.com/2022/02/bitcoins-price-once-goes-into.html