The price of bitcoin is nearing the end of its consolidation phase, and the next price move could determine whether or not penitents will continue to perform better than bitcoins.
This week, Warren Buffett, the famous investor and billionaire, caused a wave of surprise in the financial media. Reports indicate the sale of several bank shares by Berkshire Hathaway, an investment firm. Berkshire Hathaway has also bought shares in Barrick Gold Mining, according to the latest quarterly shareholder files.
This investment is significant because Baft is a serious critic of gold, but it seems that in the current economic situation, it has changed its mind and is looking for security in assets. (Max Keiser), a well-known Russian speaker and reporter, believes that fund managers are likely to devote more of them to gold. This could push gold up to $ 5,000 an ounce. Kaiser also expects some of the capital of law firms and companies to enter the digital currency market, triggering a bitcoin price rally of up to $ 50,000.
(Mike Novogratz), CEO of Galaxy Digital, also said that Bitcoin has strengthened its position as a safe and valuable asset compared to last year.
On the other hand, Barry Silbert, the founder of Grayscale Investments, a company that manages digital currency capital, has announced that their recent advertisements on various television networks have been fruitful. This is because the company has seen $ 217 million entering its various funds in just one week.
On the other hand, if the bears manage to lower the price from the pattern, it will be possible to drop it to $ 10,400. Falling below this level will mean a lack of buyers at higher levels and the formation of a short-term ceiling at this level.
ETH
Vendors in the four-hour timeframe have pushed the price below the 20-day moving average but failed to stabilize it below the $ 415,634 support. This shows the strong defense of buyers from this level. If they manage to push the price above $ 444.15, there is a possibility that the uptrend will continue.
However, with the $ 444.15 moving down, the price may enter a consolidation phase in a few days. The Directional Mean Index (ADX) has been adjusted to below 23 levels. This indicates a weakening of the uptrend in the short run. It may also cause prices to enter a consolidation phase in the short term. This view will be dispelled by the price turning and falling below the key support of $ 415,634.
EOS
In the current situation, the price has jumped up from the 20-day moving average. This indicates a strong buying trend in falling prices to this support. Buyers are currently trying to move the price above the $ 3.8811 resistance. If successful, the upward acceleration will increase.
This view will be eliminated by moving the price from current levels and breaking below the 20-day moving average, and this will be to the benefit of sellers.
Tezos
The four-hour chart shows that buyers have defended the $ 3.96 support. If they manage to push the price above the downtrend line, it will be possible to move the price up to $ 4.50. However, if sellers defend this resistance, the price may fluctuate for a few more days. The horizontal slope of the 20-day moving average and the sharp drop in the directional average index (ADX) indicate a balance between supply and demand. This view will be eliminated with the price falling below $ 3.96 support and it is possible to continue the fall to $ 3.60 and then up to $ 3
Atom
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If buyers manage to push the price above the downtrend line, it will be possible to move up to $ 6.604 and above it it will be possible to continue the uptrend. Conversely, if traders manage to lower the price below the uptrend line, the price will fall to $ 5.423. Continued falling prices below this support will benefit the price trend for sellers.