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”.
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 ”
– 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”
– 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?
Last updated on May 11, 2022
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