Cryptocurrency Investing Blog
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Bitcoin is now in a freefall and the next logical level to watch is around $20,000. In my 2022 bitcoin forecast, I projected a bottom at around $20,000. This is a logical area of support for bitcoin to form some type of consolidation/bottoming pattern.
Bitcoin has formed a very specific pattern which gives us a clue as to the next big move. In today’s update, we explain this pattern and what it suggests about the next big move in bitcoin.
Bitcoin has broken above an area of consolidation. Is now the time to buy?
Over the past couple of months, Bitcoin has been consolidating after being in a defined downtrend off the November 2021 highs. In our update, we analyze whether to expect a breakout or breakdown out of this sideways pattern.
The breakout in bitcoin has quickly failed. What to look for going forward and where are the opportunities
Bitcoin has broken above a downtrend line and a major area of resistance ($40,000). The question is, is the breakout the beginning of a new uptrend, and should you buy into it?
In our update, we analyze market technicals to determine the odds that this advance has legs.
Bitcoin has fallen below major support. Where does price go now?
In today’s update, I forecast exactly where I see bitcoin price going this year.
The current pullback in Bitcoin has decisively fallen below its long-term uptrend line. This suggests that we are entering a longer-term bearish environment for the entire cryptocurrency market.
Bitcoin tried to breakout and failed. Market technicals continue to warn of more downside price action. This is all good news. The further price falls the greater our opportunity. Check out our market analysis video to see what we are monitoring and where we see opportunities.