Bitcoin! 100,000 USD on BTC is very real, but.... UPDATE 2.0
Hello traders.
Today I would like to share with you some reflections from my point of view in the current situation on the cryptocurrency market.
So far, the price is moving in my earlier assumptions. The price for the first week of April should climb to a maximum of 54k, here it should be noted that we have a very high resistance at a height of 52k-54.5k! Breaking this resistance can send a price to 57k which will be the last line before crossing 60k, but as I mentioned, breaking 52k by steel may take us about 6 weeks.
-One of the reflections is the current global inflation
Bitcoin is often referred to as an instrument designed to fight inflation. It has a strictly limited supply of 21 million coins, and unlike paper currency, there will never be more. It cannot be reprinted, so in principle it can be said to be a deflationary asset. In the past, this gold was treated as a protection against excessive inflation, but recently cryptocurrencies have taken over this role. Now they are considered to protect against excessive increase in the level of prices in the economy.
Fuel, energy and food prices rose for much of 2021. While the US Central Bank (Fed) aims for inflation of 2%, it was 7.5% in January 2022. This is the highest in the United States in 40 years. Hence, it is obvious that in order to prevent inflation, rate hikes are only a matter of time. No such decision was made during the January meeting, but the market predicts that the rates will be raised during the next meeting in March.
It is very likely that this could be one of the US central bank's several hikes in 2022. Therefore, it can be speculated that companies and individuals will want to invest their funds in assets that best protect against excessive inflation, such as gold, real estate or in virtual currencies.
-What to expect on the cryptocurrency market in 2022? Certainly, a decisive development of the market. Virtual currencies will become more and more popular and their acceptance will increase. It can already be seen in El Salvador. 12 years after their introduction, the market is maturing more and more and bitcoin is becoming a trusted asset and aims to be a medium of exchange. Moreover, it focuses more on ecological trends. Despite recent declines, investments in cryptocurrencies will continue to attract people and it is very possible that in the coming months the most popular digital currency will rebound again, hitting new highs
greetings
Today I would like to share with you some reflections from my point of view in the current situation on the cryptocurrency market.
So far, the price is moving in my earlier assumptions. The price for the first week of April should climb to a maximum of 54k, here it should be noted that we have a very high resistance at a height of 52k-54.5k! Breaking this resistance can send a price to 57k which will be the last line before crossing 60k, but as I mentioned, breaking 52k by steel may take us about 6 weeks.
-One of the reflections is the current global inflation
Bitcoin is often referred to as an instrument designed to fight inflation. It has a strictly limited supply of 21 million coins, and unlike paper currency, there will never be more. It cannot be reprinted, so in principle it can be said to be a deflationary asset. In the past, this gold was treated as a protection against excessive inflation, but recently cryptocurrencies have taken over this role. Now they are considered to protect against excessive increase in the level of prices in the economy.
Fuel, energy and food prices rose for much of 2021. While the US Central Bank (Fed) aims for inflation of 2%, it was 7.5% in January 2022. This is the highest in the United States in 40 years. Hence, it is obvious that in order to prevent inflation, rate hikes are only a matter of time. No such decision was made during the January meeting, but the market predicts that the rates will be raised during the next meeting in March.
It is very likely that this could be one of the US central bank's several hikes in 2022. Therefore, it can be speculated that companies and individuals will want to invest their funds in assets that best protect against excessive inflation, such as gold, real estate or in virtual currencies.
-What to expect on the cryptocurrency market in 2022? Certainly, a decisive development of the market. Virtual currencies will become more and more popular and their acceptance will increase. It can already be seen in El Salvador. 12 years after their introduction, the market is maturing more and more and bitcoin is becoming a trusted asset and aims to be a medium of exchange. Moreover, it focuses more on ecological trends. Despite recent declines, investments in cryptocurrencies will continue to attract people and it is very possible that in the coming months the most popular digital currency will rebound again, hitting new highs
greetings
Comment:
Hello friends, I think we have a huge breakout ahead, look at the big deviations
