Bitcoin directionless, struggling to recover - $ 24k best trader eyes

Events continue to happen on the crypto markets. Bitcoin is constantly falling below $ 30,000 Analysts expect further disadvantage. A top trader is even looking at $ 24,000 as the next target.

Bitcoin is struggling to reach $ 30,000

Currently Crypto investors are well advised to stay away from the portfolio tracker and enjoy the nice weather. The crypto markets are struggling as they have not been for a long time. Investor sentiment is scary Currently the “Crypto Greed and Fear Index” is even on “extreme fear”.

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Wherever the eye falls: crypto-currencies follow. Bitcoin has pulled 23.54% over the last 7 days, catching up with daily losses of 7.25%. In the last few hours, Bitcoin has even seen a drop below $ 30,000, falling back to $ 29,300. New annual low for BTC.

The cryptocurrency number 1 by market capitalization is currently trading at $ 31,200 again. Previously, bulls were trying to drive the coin above the $ 30k resistance.

How low can BTC fall now? What development are traders and analysts likely to consider?

Well-known bestselling author Cheds (@BigCheds on Twitter) there is little hope for this. Believes BTC Is Now Moving To $ 25,000:

Eyes on 25k $ BTC https://t.co/cwZOfZcjER
– Cheds (@BigCheds) May 11, 2022

His colleague ShardiB is even tougher, $ 24,000 looks for BTC. In his estimate, Bitcoin is threatening to fall through the support at $ 28,800. The reason: the recent events regarding (and the whole crash of) Terra (LUNA). The trader for his 228,000 followers:

“Sad days friends … $ 24k BTC in focus … 28.8ki not likely to be owned … damn $ LUNA ”

Sad days friends… .. 24k $ BTC in focus … does not feel like 28.8k is going to hold … fucking $ LUNA pic.twitter.com/11RtRCZ1WF
– Don’t Follow Shardi B If You Hate $ Money (@ ShardiB2) May 11, 2022

At least Rekt Capital keeps one cool. The popular crypto strategist has been optimistic about the recent crash, suggesting: Now is a good opportunity to invest. Statutory Capital:

“Your #BTC wealth will be built in the future in times like this”

Your future #BTC wealth is built at times like this$ BTC #crypto #Bitcoin
– Rekt Capital (@rektcapital) May 11, 2022

Coincierge.de Tip: DeFi coin for new decentralized exchange

Currently investors looking for a bit of green in their portfolio are coming to a small base with a positive chart trend. One exception is the relatively new cryptocurrency DeFi Coin (DEFC), an asset in the fast-growing decentralized finance (DeFi) space. The project just failed achieve significant milestone and launch DeFi Swap decentralized exchange. This resulted in the DEFC signal passing through the roof: 500% DEFC was able to move from an all-time low to the highest level ever. DEFC currently costs 0.43 cents according to PancakeSwap and has a 7-day volume of $ 512,000.

How to buy DEFC Defi Coin?

Step 1: Call Pancakeswap

First, visit Pancakeswap to buy DeFi Coin. All you have to do is click on the orange link below and you will be there.

Step 2: Attach a wallet

To buy DeFi Coin (DEFC), you need to connect a wallet to Pancakeswap. To do this, click on the “Connect wallet” button and you can select a wallet. For example, MetaMask or TrustWallet is available.

Then follow the on-screen instructions to connect the wallet.

Step 3: Buy DeFi Coin

If the wallet is tied, you can invest in DeFi Coin DEFC at Pancakeswap. The easiest way to do this is to exchange BNB for DEFC. BNB should be in your wallet first if you want to buy DEFC. BNB is available from Binance, for example.

Now, to exchange BNB for DEFC, click on the “Trade” button. A window appears on the right. Here you have to enter the purchase details.