Price analysis 2/14: BTC, ETH, BNB, XRP, ADA, SOL, LUNA, DOGE, AVAX, DOT - BitcoinEthereumNews.com
BTC price continues to consolidate, a process that gives altcoin traders the opportunity to range trade and secure short-term gains. Bitcoin (BTC) is attempting to form a higher low as investors take advantage of lower levels to accumulate. Twitter user PlanC recently highlighted that the balance of addresses having at least two significant incoming transactions but no outgoing transactions has soared to a 57-month high. However, not everyone is bullish on the future prospects of Bitcoin. Popular analyst Ari Rudd presented three long-term technical setups, which point to further downside in Bitcoin. Rudd believes that Bitcoin could offer a buying opportunity in the $24,000 to $27,000 range. दैनिक क्रिप्टोक्यूरेंसी बाजार का प्रदर्शन। स्रोत: Coin360 Data compiled by Bloomberg shows that Bitcoin price has been calmer compared to the Nasdaq 100 Index in 2022. There have been only five occasions this year when Bitcoin has moved more than one standard deviation from its average in either direction, while the Nasdaq 100 has seen 12 such moves. Generally, periods of low volatility are followed by range expansion. Hence, traders may remain cautious because a sharp drop in the Nasdaq 100 could accelerate selling in Bitcoin. चलो महत्वपूर्ण समर्थन और प्रतिरोध स्तरों को देखने के लिए शीर्ष -10 क्रिप्टोकरेंसी