Bitcoin Info

Bitcoin, the leading marketable cryptographic asset, has been a confusing year so far. The year that began with the crypto-currencies began in the extreme, but later exploded 350% to 14,000 dollars, before falling by nearly 50% to 7,300 dollars.

The third largest 24-hour gain in cryptographic assets returned to its 200 and 50-day moving average, but dropped more than $ 10,000 and will again plummet. The drop in the number of bitcoins has returned to 50DMA, where the asset is rebuilding it – which is something very dangerous according to encryption analysts.

Bitcoin price: Bull or Bear Market will be decided soon
Bitcoin is at a critical juncture and will either recover from a strong recovery before reaching its maximum trajectory or move towards the bear market. The following days determine the evolution of the following months as the asset approaches its decline.

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Related reading | Bitcoin price: the return of an average to a significant support can lead to a high value substitution

Price action It is difficult to calculate which side of the market is discounted – bullish or bearish. The collapse of a massive symmetrical triangle of several months has divided the market in a vacuum, but motivated by the strong news of Chinese President Xi Jinping that did not support blockchain technology, caused a surge in asset prices that led to a short epic break and set a record for the third largest asset gain.

The explosive move pushed bitcoin over its 200-day moving average as well as its 50-day moving average – two moving averages that outpaced deaths.

But this powerful summit may be a powerful attempt by previous supporters, and Bitcoin is again falling, yielding below 200 DMAs and now facing “dangerous” 50 DMA cuts.