Crypto Analysis [23-Nov-2022] – Neal Bhai Reports

Crypto Analysis: BTC and Ethereum had another tough weekend. More details were released in terms of FTX’s liabilities, and the market players are still very much sensitive to the FTX news. Traders are concerned about another domino effect, but for now, traders are optimistic that the worst is behind us to a …

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Bitcoin Price is ready to target the $60,000 level

Bitcoin Price is ready to target the $60,000 level

Bitcoin price and performance of Asian stock markets are correlated, argued IMF officials. Several countries in Asia have adopted Bitcoin, Ethereum and cryptocurrencies, despite regulatory concerns. The rising risks of Bitcoin usage make it a sensitive environment for crypto in Asia. 

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The Price of Bitcoin and Gold is also Rising

Gold and Bitcoin — Although we see riskier assets such as equity futures finding more bids today and traders supporting the sentiment and picking up the momentum where they left off last night, Bitcoin and gold prices are also increasing. This is primarily due to the reason that the dollar index has weakened, as we discussed previously.

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Bitcoin Price And the Prevailing Dichotomy

Bitcoin price has shattered through the $17,578 to $21,710 range as it rallied 28% between July 13 to July 20. This move has also pushed past the $22,844 resistance level and is currently flipping it into a support barrier.

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Is crypto worth investing in 2022? Experts react

Is crypto worth investing in 2022? Experts react

Crypto markets have disappointed investors and traders alike this year. Many crypto platforms came crashing down in 2022 while several top coin prices have touched new lows. Amid extreme volatility and rising inflation, it has become important for users to decide whether cryptos are worth investing in now or should retail investors look beyond cryptocurrencies. However, experts’ views differ on these questions. 

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Is crypto worth investing in 2022? Experts react

Bitcoin Price and Bullish Technicals 2022

Bitcoin price has crashed 17% since April 4 and is currently bouncing off the 200 three-day Simple Moving Average (SMA) at $39,506. This downswing was a major bearish event as BTC dropped below the bullish crossover between the 50-day and 100-day SMAs.

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