Latest Bitcoin price rate: What do experts say?


Posted January 15, 2022 by atozcrypto

What do you think about the latest Bitcoin price rate? Do you think that experts are saying the right thing?
 
The UK, 15th January: Well, if you are anything like cryptocurrency enthusiasts when you'd like to keep notes on the latest Bitcoin price rate. At the time of writing, Bitcoin is around $43k. But we are not only citing the price of Bitcoin but also the various incidents the price fluctuations can cause in the market.

At the beginning of the Year 2022, the market was quite enthusiastic about cryptocurrencies' growth, especially Bitcoin's growth. But we all know that the cryptocurrency market is quite volatile and it showed us that once again.

The excitement for Bitcoins price going up was nipped in the bud, by the correction push (it pushed back Bitcoin back to the middle of the $45,000 range).

After this news has been shared bears were quite ecstatic about it, and took control of the behavior. They are trying to bring it further down, and we can see the effect on the international market. Everyone can see this sell-off, experts quoted.

Experts are asking investors to keep an eye on the market statistics and what the community has to say about it. Upon analyzing Bitcoin's EMA (exponential moving average) for 50 days, Rekt Capital thinks that the curve shows a stiff resistance at this point ($44,000).

But the whales are also gearing up for this incident, as they have accumulated more than 90000 Bitcoins at this resistance level. A renowned company named Whalemap states that reclaiming at this level can reverse the trend that's currently in line with the market.

Experts say that at this moment, it's crucial to stay calm and wait the moment. According to some analysts, the price action will be like this, throughout January. And it will be difficult to break the mold, especially in a single moment.

But exceptions do happen, the analyst further stated. The market is situated at $2100 trillion and Bitcoin's dominant share amounts to 40%.

If you want to have a proper understanding of cryptocurrency, and how it shapes the overall community, you need to follow the newspapers.

One of the online sources for this purpose includes AtoZCrypto.org. You can pull up other websites too if you want.

You can check detailed analysis of cryptocurrency prices, causes and effects, and other events. There's another website like this, says one user.
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Last Updated January 15, 2022