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Trading Opportunity: ETC/USDT😱 Ethereum Classic is a blockchain platform that provides decentralized smart contracts. It emerged as a result of a contentious hard fork from Ethereum (ETH) in 2016. ETC aims to preserve the principles of blockchain immutability and decentralization. 🟢Green Entry Zone: 14.72 - 16.60 🚀 Targets: Target 1: 17.99 Target 2: 19.50 Target 3: 21.35 Target 4: 23.25 🔴 Stop Loss: 11.22 📢 Trade Alert: Ethereum Classic (ETC) has caught our attention! With its unique blockchain philosophy, ETC offers a compelling trading opportunity. 🔍 Before you proceed, remember to exercise caution and conduct thorough research. Cryptocurrency markets can be highly volatile, so managing risk is crucial. Good luck with your trading! Your Kateryna💙💛
Long
by RocketBomb
3
ETH/USD on 3h chart by RBGreetings, friends!♥️ Welcome to a realm, where charts come alive and financial insights flourish.💥 Here, we dive deep into the world of trading, analyzing, and strategizing.🙌🏻 📈 Price Analysis and Potential Trade Opportunity 🔍 Price Movement: On the left, we have a real-time visualization of the current price movement. 📊 Typical Price Pattern: Displayed on the right is a chart illustrating the characteristic price movement pattern. 🔵 Potential Trade Range: I've highlighted the potential trade range in blue. 📉 Price Projection: It seems that the price can poised to oscillate within the range of $1858 - $1820. Subsequently, a price retracement to $1920 is plausible, followed by a potential decline to $1720. 🔍Have you observed a similar pattern in the past? What name would you assign to this particular pattern? Let's discuss and share your insights in the comments below! Remember, this post is not financial advice, and thorough analysis is essential before making any trading decisions. 📌This content is for educational and informational purposes only. Trading involves risks and it's important to do your own research Feel free to adjust and customize this post as needed. 🙏 Happy trading! Your Kateryna💙💛
BITSTAMP:ETHUSD
by RocketBomb
Bitcoin by Rocket Bomb🚀💣Hello there, my beloved friends! ♥️I'm delighted to have You on my page!🤗 I recommend You evaluate my price movement scenario! I'd love to talk about it with You in the comments! On my chart, you can see the dynamic levels of support and resistance, which gradually narrowed by forming a triangle, from which we'll soon be able to see a way out! I still believe the exit will be in the 24-26 thousand range! However, if we break past the level 28-29k, the price may rise and begin a rising trend after leaving the triangle! If the price falls below $24,000, the declining trend will almost certainly continue! That, in my opinion, is what we can expect in the near future! What are your thoughts? Thank you for taking the time to read this. Sincerely, Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
1
Bitcoin by Rocket Bomb🚀💣Hello, dear friends! I'm glad to welcome you on my page!🤗 Since the beginning of this month, russia has shelled Kyiv five times in various ways: these are super-heavy bombs and drones! The whole huge multi-million city trembled from the loud sounds of shots - our defense forces worked perfectly!💪 Just today I slept for the first time in two weeks! And immediately here to YOU!😊 Let's see what happened during this time and what we can expect in the near future :) You can pay attention how price of Bitcoin is formed! It's reminiscent of the previous design! Someone might say that it looks like accumulation and distribution, someone sees triangles, someone sees Bart's heads, etc. I think, that in coming days we can expect the price to drop to levels of 24k (lower - unlikely), then again we can expect a sharp rise in prices right up to levels of 31 and a little higher! Then the price can get a little stuck! Tell me how are you? How are you doing? Anything new ? The last two weeks have been the most stressful for me and it seemed more than a month had passed!🤪 Thank You for attention I'm waiting for Your feedback Sincerely Your Kateryna
BITSTAMP:BTCUSD
by RocketBomb
10
Bitcoin's Price Adventure💥Bitcoin's Price Adventure: Unveiling Patterns and Trading Opportunities! 🚀🌟 Hello, my dear friends!♥️ Today, we embark on an exciting adventure through Bitcoin's price action, delving into its captivating voyage from 2021 to early 2023. Get ready for a thrilling ride full of twists and turns as we uncover a tumultuous downturn, a period of anticipation, and an exhilarating surge that unveils new opportunities. We'll explore the formation of an ascending channel and the emergence of two intriguing triangle patterns. Brace yourselves for an engaging exploration! 🙌😄 The Turmoil and Stagnation: Oh, what a wild ride it has been! In 2021, Bitcoin faced its fair share of challenges. The cryptocurrency took a dip that left market sentiment bearish and caused losses for many. But fear not, for even amidst the chaos, Bitcoin remained resilient. Throughout 2021 and into 2022, it navigated rough waters, testing the patience of traders and investors alike. After the storm, however, came a period of calm. The market entered a phase of stagnation, like a tranquil oasis amidst uncertainty. Bitcoin's price found stability, longing for a catalyst to reignite the flame of hope. From late 2022 to early January 2023, we witnessed a period of consolidation, where the cryptocurrency yearned for a new direction. 🌊⚓️ The Ascension and the Ascending Channel: But behold! A sudden surge emerged, defying all expectations and breathing life back into the market. From the depths of the 16000 zone, Bitcoin soared to new heights, forging an ascending channel that paints a mesmerizing picture of progress. Picture it like a thrilling dance, with higher highs and rising troughs guiding us towards an exciting future. 📈💃 The Enchanting Triangle Patterns: Within this ascending channel, two captivating triangle patterns emerged, capturing our attention like hidden treasures. Like brushstrokes on a vibrant canvas, these triangles revealed themselves as consolidation phases within the greater upward trend. As Bitcoin approached the upper boundary of the channel, it encountered resistance, creating moments of suspense and anticipation. 🎨🔍 The first triangle pattern, an early protagonist, signaled a continuation of the prevailing trend. It represented a pause, a chance to catch our breath before the upward momentum regained its strength. Watch closely for the breakout from this pattern, my most attentive readers and watchers, as it may offer insight into the future direction. The second triangle pattern, took on the role of a reversal pattern. It introduced uncertainty, casting a spell of mystery over the market. Keep your eyes peeled for a breakout from this pattern, for it holds the key to the next significant price movement. 🎭🔮 Conclusion: In this thrilling Bitcoin price adventure from 2021 to early 2023, we've witnessed a breathtaking spectacle of events. A dramatic downturn, a period of anticipation, and an electrifying surge set the stage for an ascending channel adorned with enchanting triangle patterns. The savvy among you, my dear friends, can seize trading opportunities hidden within these patterns, like precious gems awaiting discovery. Follow the breakout points, trust your instincts, and nurture anticipation for the exciting future of Bitcoin. Hang on tight, my friends, as we unravel the mysteries of Bitcoin's price adventure. Your insights, discussions, and feedback are invaluable on this journey. So, tell me, what awaits us next? What are Your plans for the medium term? Let's dive into the conversation and navigate the exciting realm of cryptocurrencies together. Stay optimistic, stay encouraged, and let's make the most of this! Sincerely Your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
10
From Halving to Halving Hello, my dear friends!♥️ I'm glad to welcome You on my page! Thank you very much for your activity, I really appreciate it!🙏 Today I decided to make a chart comparing the behavior of the price movement of Bitcoin on a weekly chart to predict the price before the next bull run! Weekly chart - the most convenient to look at a long period of price movement! That's very important, because right now many traders are confused <> What can we see on the chart?👀 First of all, it's worth noting the beginnings of halvings 2, 3 and 4 - they are marked with vertical lines on the chart - the light green zone - indicates the phase of active growth immediately after the halving! Immediately after the end of the growth, the price begins to form a triangle, which stretches until the beginning of the next halving - you can see the triangles in yellow! Of course, triangles are conditional figures - perhaps other traders see something different for themselves! But, my most attentive readers and watchers 😉 could notice a departure from the so-called big triangle - I have a suggestion - let's ignore it, because it is necessary to connect the price movement precisely by more lines touching, and this zone trying to confuse us! Let's see some details on the chart! It's important to note that in both triangles you can see similar price behavior - there are clear boundaries - the tops of the triangles - blue circles - the lower part of the large triangle touches the top of the previous - smaller one several times, which proves that before the next halving - re-test 16-15k levels again is more likely! And that's area will be optimal for buying next year!✊ As for the medium term - looking at the chart, we can assume that we have high probability of seeing 35 k! What conclusion can we draw from what we have seen and read? Medium-term perspective - 35+_k - fix profit! Next, we are waiting for the fall to levels 15-16 k and waiting for the halving! Everything, that you have seen and read is only my judgmental vision of the market situation and Bitcoin price movement! Waiting for You in the comments for discussion! What are Your plans for the medium term? Sincerely Yours Kateryna♥️ Take a look at some EDU!
BITSTAMP:BTCUSD
by RocketBomb
6
Bitcoin by Rocket Bomb🚀💣Hello dear friends! Here I am again! 😊Now the activity on the platform leaves much to be desired, so I'll immediately ask you to click <> to my enthusiasm👍, it will be more pleasant for me to create new content for You! What do we see on the chart?👀 Today I would like to demonstrate, that Bitcoin's rollback from its bottom (16k) has already taken place - and very profitable - by almost 100% from the bottom to 30k!✔️ Now we are seeing a price rollback to 27,000$. I expect the price can go down to 26k maybe even 25k and go up to 37k POSSIBLE - that's the medium term perspective! And if it will happen, then the growth from the bottom to 37 thousand - will be an increase - 135%! I think everyone understands, that it's not time for a new bullish cycle, that's just a protracted price rollback after the last bull run! Therefore, my post is for those - who wrote me, that he/she has a super-mega - bullish mood! Just be careful! Now it is important to monitor the market at shorter time frames! But don't forget about the daytime picture!😊 I really hope it was helpful to You! Don't get too bullish - it can be deceiving! Stay safe Sincerely Yours Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
40
“Sell in May and Go Away”Hello, dear friends! I'm very glad to see you on my page! Have you heard the expression “Sell in May and go away”? “Sell in May and Go Away” is a popular saying in the business and finance industry that suggests a strategy for investing and can be used in the cryptocurrency market. The idea behind this strategy is that the market tends to perform poorly between May and October. The “Sell in May and Go Away” strategy entails selling at the beginning of May or late spring and until November or late autumn when investors would reinvest in the market. The rationale behind this approach is to avoid holding during the summer months. What Will Happen This Year? The technical analysis from the daily time frame shows that TOTALCAP broke out from the $1.17 trillion resistance area. This is a crucial area that has been in place since June 2022. Therefore, a breakout from it could catalyze a sharp increase. Moreover, the lack of resistance until HKEX:1 ,63 trillion will make it easier for TOTALCAP to increase if the breakout is confirmed. The area is 78% away from the current price. Finally, the daily RSI broke out from its bearish divergence trend line and is above 50, another sign of a bullish trend. Therefore, the most likely outlook for May – October is an increase toward the HKEX:1 ,63 trillion resistance area. What do you think about it? Will we see 36k of Bitcoin next month? Are you going to sell in May? Share your thoughts in the comments! Sincerely yours Kateryna
BITSTAMP:BTCUSD
by RocketBomb
5
Bitcoin by Rocket Bomb🚀💣Hello, everybody! Glad to see You on my page! Hope everything is good to You! The market has gone downhill! Don't you think so? What are your expectations? Share with me, please :) And I share my thoughts with you :) So... On the left side You can see Bitcoin daily chart with the Global Trendline from which was made three bounces. Also, the price stay at the resistance line now, which complicates further growth. On the right side - an hourly chart of Bitcoin. Using Fibonacci levels, we can assume which levels the price will touch in the near future. <> It can be assumed, that the price of Bitcoin will fall to the levels of 26,599 and possibly 25,400. Will it be so? We'll find out soon! 🔥Also would be interesting to observe the situation around Binance! Everyone, who works with Binance, be extremely careful! Security measures must be taken! The most unpredictable situations are possible! And it can also affect the price of Bitcoin! Are you using Binance? What are your thoughts? Share with me in the comments :) Thanks for Your attention Your Kateryna💙💛 EDU posts below in related ideas👇 ! Click, enjoy and become more educated 💪
BITSTAMP:BTCUSD
by RocketBomb
9
Bitcoin by Rocket Bomb🚀💣 20/03Hello friends! Again for a week I flew out of life and from our lovely community 😊 Night alarms, takeoffs of fighters along the entire border... it seems, that nothing can surprise you, but the state of inner peace is disturbed! Let's take a look at what's going on with the price of Bitcoin right now! Being a supporter of harmonious trading and preferring to make analysis in its classical sense, I would like to pay attention on two important aspects, that traders should not forget about using the “Head and Shoulders” technical analysis figure: First of all, it can be decomposed into parts, each of that is an important and independent element, that allows you to identify the preferences of participants in market battles. Secondly, using the principles of harmonious trading helps to identify important price levels, that should be paid attention to. ❗️It doesn't mean, that the price will go exactly as shown on the 1 hour chart! It can stretch over time! But we can expect the price at the levels, that you can find on the charts! If the price will change its direction, I'll try to promptly update the chart! Tell me how are you? How are your deals? What do you see on the chart? Your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
31
Bitcoin by Rocket Bomb🚀💣Hello, dear friends!♥️ I'm glad to welcome you on my page today! The market has been a bit stagnant in recent days, but that's happening as a breather before a bigger move! In previous posts, I have already done an analysis of the possible next movements of Bitcoin, nothing has changed, so in this post I decided to combine the hourly chart and attach a wider picture of the daily chart. I hope you will enjoy! Don't forget to click <> because of this 😇 Below I'll leave my previous posts, they are quite informative, it may be useful to those who haven't seen them! ✍🏽Write which coins you are interested in, I'll try to analyze each of them! PS: I try to diversify "boring charts" with new funny memes, support my positive attitude by subscribing and "thumbs up"!👍 I'll be glad to see you in the comments😉 Sincerely your Kateryna💙💛
BITSTAMP:BTCUSD
by RocketBomb
31
Bitcoin 1h chart 26/02 Hello, dear friends! You know, I began to open the blinds on my windows less often. Although a dream of windows on the whole wall was achieved. The feeling of unsafety has not left me for the last year. But that's the basic part of the pyramid of needs! Can a person live long without these very basic needs? I don't know... I live with the continuous siren sound in my head, this sound can drive you crazy! Many of You may think, what does Bitcoin have to do with it? And why am I writing this F"""S""" here? I'm try look at charts without emotions: I draw lines, I use different tools for analysis, I like to share my market vision with you and always put some special aesthetic for You. But when it comes to description, I can’t just write a poor, soulless text and I fall into deep thoughts, it happens by itself... I always have found a feedback here, where I combine my lovely work and leisure, where there is an opportunity to analyze and communicate and see other points of view. I would like to plunge headlong into everything, that dragged me so hard in 2020 once again, when I plunged headlong into the world of Trading View. I spent all my free time here and it distracted me from the thoughts, that related to the Coronovirus. Then it seemed that it was the apocalypse ... oh, how wrong I was then! The real apocalypse came in Ukraine on February 24 last year. Everything is known in comparison! The introductory part dragged on haha, we'll still look at the chart with you and analyze what I drew for You there. Weeeelll.....You can see an ascending channel on the chart.(also you can see the types of channels below on the right side of the chart) The number of touches in the channel is currently two, but we can expect a third in the near future. If you'll see a sharp decline in price to 22 600 in the short term, that will be a possible touch to the lower side of the channel! I'll attach my previous post below so you can see another look framed a little differently with my personal trading plans for these moves. If you still have any questions, write in the comments, I'll be glad to talk with you! For more people can see my posts - click like and subscribe!🙏 Always yours Kateryna♥️
BITSTAMP:BTCUSD
by RocketBomb
26
Bitcoin's mid term perspective 24/02Hello, dear friends!👋🏻 It's so nice to feel you haven't been forgotten me and my absence has been noticed! 🙏Thank you for the feedback!🙏 Let's talk about the medium-term perspective of bitcoin today! By the middle of January, bitcoin had come out a period of stagnation - on the chart, I marked it as a conditional "bottom"! The price has started to rise! Now we are on the support line: in the near future we can expect a slight decrease in the price to the support levels to 22k+, and further growth will continue! You can see the levels on the chart!👇 Today's exactly the year of a full-scale war. The war is not over yet, but it's easier to breathe! The smell of victory hangs in the air! Thanks to our defenders for the opportunity to be here with you, for the opportunity to breathe and live in an independent country, where people have their own opinion and their own path and the future! During this year there was a lot of grief, tears, fear and despair! During the first months of the war, I just lay and cried. I had to leave the apartment in the capital, in which I barely had time to finish the renovation. Until February 24, I was full of faith in a bright future, in my personal growth and a happy life, the path I had been working for more than 10 years!(a young girl from a small town) All of this was broken by the war on the night of February 24! It's fear, it's enemy planes overhead, it's rockets that fall in front of the house, it's stress and gray hair on the head! Our people, indeed, showed themselves to be incredibly united and strong! I'm proud to be Ukrainian! I remember how (on February 25) I arrived in western Ukraine, to the sound of rocket explosions, I went to weave camouflage nets for soldiers. It was wildly cold, my fingers were numb, I continued knitting and cried - cried - cried. A girl came up to me and held out a glass of hot tea, smiled and said "I see, you're cold, take it and warm yourself!" - for the first time then, I understood that it was necessary to fight! That everything will be good, no matter what happens! Stay strong no matter what! And take care of yourself!💪 Your Kateryna🇺🇦
BINANCE:BTCUSD
by RocketBomb
9
An amazing pattern🧐Hello, dear friends! Today I want to discuss with You a 3-hourly chart of the Bitcoin price formation. I wanna pay your attention to the multi-colored circles, which I marked the pricing phases for a clear visual understanding. You may notice, that the first of circles has exactly the same formation time for each of the phases. That is, 24 days have passed from the beginning of the first correction to the beginning of the subsequent correction, and so on three times. Then we can observe a price rollback and a subsequent fall, which also has three phases, only the time frame of each phase is longer in the interval - each of them is 37 days! An amazing pattern!ha-ha What does it give us? It can be assumed that until the middle of the month we expect the price in the range of 17,500 - 21,000, and then we'll follow the support and resistance lines. I think, that we have chances, that the price could go even lower to 15k and below. How do you see the fate of Bitcoin in the near future? What are you waiting for? Share with me in the comments :) Thanks for staying with me Always sincerely Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
22
Quick BTC's Update! 5/07Hello dear friends! I would like to share with you a quick overview of Bitcoin price formation. What can we observe in the near future? 💙 → If the price manages to break down 18,500, the price will probably drop below 18,000 and 17,500! 💛 → If the price manages to hold above 19,000, we will continue to form this blue triangle! Guys, which option is more likely in your opinion? Share Your view in the comments) Stay with me, subscribe, for not get lost. Share this chart with Your friends! I will be glad to see your activity by clicking 👍 like button and writing comments!♥️ Always Sincerely Yours Rocket Bomb 🚀💣
BITSTAMP:BTCUSD
by RocketBomb
3
<< Bitcoin on 1 h chart >> by 🚀💣 Hello, dear friends! I'm glad to be here! Right now, the most informative analysis of Bitcoin price is the short-term analysis. That's why let's look at the 1 h chart. On the left side of my chart, I drew two dynamic lines: support and resistance and I got a "Conditional Triangle". You can see that the price isn't hurry to break through in any direction - it moves slowly in sideways movement. But we can see a slight "twist" (yellow zone)in the price, which could mean a decline in price to +-20 k or a continuation of the sideways movement in the +-500$ range. What do you expect? Share your thoughts in the comments... Always Sincerely Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
8
Bitcoin by Rocket Bomb🚀💣30/06 Hello, dear friends! Hope you are ok! Apparently, we continue our movement down the descending channel. It's likely, that we have chance to drop to 17, 600 and possibly even lower. Looking at the MacD indicator, we can see some similarity of the movement with the previous one. Tomorrow the situation will be more obvious. Don't get lost, subscribe to be able to discuss the next steps of Bitcoin. Always sincerely with You Your Rocket Bomb🚀💣 Some of my EDU ideas👇
BITSTAMP:BTCUSD
by RocketBomb
3
Bitcoin by Rocket Bomb🚀💣24/06Greetings ! The market is such a boring recent days! Price movement in a small range doesn't give great opportunities, activity is greatly reduced! There are also changes in the global world environment, people are capitulating from the cryptocurrency market, and unfortunately there is no positive trend yet. Although, a price rollback to levels up to 34 thousand can be expected, but then a price drop even lower than the current levels is more likely. On the chart, you can see a formed descending channel since the end of March. After the drop, we see prolonged sideway movements, and then a drop again. There must be a rollback. I think it's possible in the coming months. Some of my last posts for clear understanding my view: Always Sincerely Yours Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
4
Bitcoin will make unprecedented step🚀💣 Hello, dear friends! Looking at the charts over and over again, I wanna see something new in them. Let's take a look at the weekly log chart of Bitcoin today and try to discuss it! On the left side you can see an ascending channel in light green color, in which the price has been moving for more than 7 years (from 2011 to 2018), but at the end of 2018, the price left the channel. Then there was an attempt to return, re-testing that resistance, but it was unsuccessfully and the price dropped lower. In order to understand the subsequent trend, that the price was forming, I drew dynamic support and resistance lines, connecting the upper and lower boundaries with lines - I got a descending channel - it's light red on the chart. How long will the price stay in the descending channel? The dotted black line is a strong support line - its strength can be understood by counting the number of price touches (marked with red marks). Looking at the big picture, it can be assumed, that the price of 6-7-10 thousand for Bitcoin by the end of the year is so real. But whether strong support holds and where the price will go next - that will be a very interesting and unprecedented step in the history of BTC! What are your thoughts looking on my chart? Let's discuss ) Thanks for attention! I would be grateful if you support my post with a <> and comment, send a link to Your friend so more people can see my work. If I see an interest in my work, I'll try to make charts more often! Your Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
8
Bitcoin by Rocket Bomb🚀💣 21/06Hi, friends! In my opinion, the recent movement in the price of Bitcoin looks like an unloading! Activity has fallen sharply and doubt reigns in the market! What can we expect in the near future? Protracted lateral movement in the range of 18-23 thousand, by the end of summer or the beginning of autumn we will see a rollback - possibly up to 30+! What should investors do now? For investors and traders, advice regarding the current portfolio and how to choose new coins will be very restrained, because now is the most risky time to invest in a falling market in those coins, that will not be able to recover. Refrain from long-term purchases, the market will provide you with many discounts this year! Now is a great time to study the market! Don't force yourself! Try to understand the market!It will give You more opportunities in the future! Always Sincerely Yours Rocket Bomb 🚀💣 My last Post👇 Click <> as You like 🤣
BITSTAMP:BTCUSD
by RocketBomb
14
Bitcoin up to the end of this year by Rocket Bomb🚀💣 Hello, friends! Many people ask me, how I see the movement of the price of Bitcoin before the end of this year. I wanna show you the daily chart as I see it. For better understanding, what future holds, let's look at the past. Let's start with last autumn, when prices were at the peak. And let's see what happened next. We can clearly see how the market was "unloaded", forming downward channels, and on a rollback, we observe how a new channel is being formed. That's how it always happens. To verify this, you can look at the older history of Bitcoin. From November to January 2021/2022, we see a price drop of 53%, then a 40% rollback, followed by the formation of a channel (the formation time is one and a half months). Then again, investors are actively selling bitcoin and we are seeing a sharp drop in price by 63% (from March to June 2022). And here it will be interesting to observe the further fate, because we can't fall without a rollback, but the end of the bear market will not emerge yet. I think, that in the next month we'll see a possible rollback even up to 30 thousand and a little higher, and then again falling to even lower levels (16, 11 and 4 are POSSIBLE!!!!!!) This chart is an expression of my thoughts at the moment and does not pretend to be true, the market is so changeable, I will publish my thoughts over time) Thank you all for your attention! Write your thoughts in the comments, it's very interesting to read! Have a nice day, everyone Stay with me, subscribe, for not get lost. I will be glad to see your activity by clicking 👍 like button and writing comments!♥️ Always Sincerely Yours Rocket Bomb 🚀💣
BITSTAMP:BTCUSD
by RocketBomb
12
Today we live in the history book! Hello, dear friends! Glad to see you and welcome on my page! Almost 4 months of total horror! It's impossible find words to describe what range of feelings I experienced during this time: from animal fear to accepting flying projectiles over my head! I disappeared not only from the public space, I disappeared for myself. Therefore, I apologize to those to whom I did not answer, who were so worried about me and my family! Let's talk about Bitcoin and what's in store for it in the near future. Bitcoin - the world's largest and most trusted cryptocurrency - hit its highest level in over a year and a half at less than $20,000 on Saturday. At one point, it traded for $18,000, down 59%. Only in the last 7 days has fallen 25%. The fall of the market is caused maybe by the Celsius froze the assets of depositors and banned the transfer of cryptocurrencies between accounts. An additional blow was the announcement by a number of cryptocurrency companies, such as Coinbase Global Inc, Gemini and Blockfi, that they were laying off thousands of employees as investors actively divest themselves of risky assets. And the saddest thing for investors is that the situation does not promise to improve anytime soon. Why now? I think that it is not only about cryptocurrency, but also about the global situation in general. We are witnessing a global economic downturn caused by the long months of the pandemic, and now also by the war in Ukraine. Inflation is rising, interest rates are rising, living standards are falling all over the world. As a result, large investors are no longer so freely dispose of their funds, and many ordinary investors have nothing to invest at all. And even if it were, who would want to take risks with such unpredictable assets as cryptocurrency, which is not protected in any way and is not regulated by financial authorities. Two lesser-known cryptocurrencies - TerraUSD and Terra Luna - that collapsed in May also did not add confidence to the cryptocurrency market, and investors began to get rid of their cryptocurrency assets. In accordance with the domino effect, the faster the cryptocurrency sold, the more it lost in value. This fully affected bitcoin, which, unlike traditional assets like real estate or an established business, is not backed by any material values. However, there is a good news for Us. (ha-ha) What do you think about it? Share Your view in the comments! Thank you for attention Always sincere with You Rocket Bomb🚀💣
BITSTAMP:BTCUSD
by RocketBomb
20