Btc dollar graph investing
Crypto-currencies Today's sponsor in the cryptocurrency market is Elon Musk: "Cryptocurrency manipulation is fast, shocking, and guaranteed!
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But everyone wrote about Elon Musk, who is ready to start accepting bitcoins again as soon as miners start using half of the clean energy. But there was another important catalyst that btc dollar graph investing growth.
PTJ stated: "I like Bitcoin for portfolio diversification. Everyone asks me about what I will do with these cryptocurrencies.
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Over time, this will become a great way to reallocate your portfolio. He looks at bitcoin and cryptocurrency as a history of wealth. When Sorkin asked PTJ how he felt about the risks associated with holding bitcoins, such as a possible ban by tradingview bitcoin cash US government, PTJ replied: "Gold is more expensive in terms of energy than bitcoin.
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Clearly, I am concerned about its impact on the environment. If I were the king of the world, I would ban bitcoin mining just because of the environmental impact, and then force the ecosystem to find a way to do it without increasing supply at all. But let's take a look at the graph.
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The momentum after Musk was enough to bring bitcoin out of the consolidation range of 31, This is already good. But if you look at the daily chart, then two periods of consolidation of the main cryptocurrency are clearly visible. From early January to February 8, Bitcoin consolidated between the levels of 28, This was followed by an impulse and growth to historical highs.
Now the price is approaching its upper border - a strong mirror level. Therefore, the dynamics of the main cryptocurrency will depend on whether the price breaks through the resistance of 41, A consolidation above it can be a signal for further growth.
But if a reversal occurs, perhaps after some struggle for the level, it will be too early to talk about a new bullish stage. The key level is close!
Predictions and analysis
The criteria for referral are more or less clear. So, let's keep our eyes open! And yes, there is no need to rush. The fastest ones can be taken out during the first retest with a false breakout. Ekaterina Kiseleva.