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In the Premium environment From Crypto Insiders, current technical analysis is shared daily by experienced analysts. The last period has come Bitcoin (BTC) is mentioned regularly here. In this section we take a look at this technical analysis and chart the latest developments and expectations for the upcoming period. If you still have questions after reading this article, you can easily ask them in our website discord societyhere our technical analyzes are usually ready for our members 48 hours in advance.
Bitcoin Recent Developments
Outside on the chain Data from the Bitcoin network shows how 10-year-old BTC started moving again last week. The image below shows 10-year-old bitcoin transactions. On September 22nd (in red), a total of more than 510 BTC of the old were released governor he moved. The decade-old bitcoin has been on the move after bitcoin experienced a sharp price drop over the past year.
Remarkably, very old Bitcoin has been periodically disappearing from wallets since the end of 2020. This may indicate that old HODLers want to take their profits. It is not clear what is the exact reason and motive for the owners.
What are the Bitcoin predictions?
Whether the above developments have any additional effect on the price depends on a large number of factors that vary daily. After all, the crypto market is highly subject to economic and traditional events Stock market. That is why it is sometimes difficult to decide when to invest in a particular project. For example, technical analysis can help determine the time frame in which a cryptocurrency is (or could be) exciting to buy or sell. This can be done on the basis of, for example, price history and identifying patterns in price movements.
BTC price technical analysis
Analysts from Premium environment Crypto Insiders recently shared a BTC analysis. In this they indicated that they are expecting bad weather for Bitcoin. As can be seen from the chart below, they initially expected a slight increase in the form of a inner wave 2 before the price drops. This increase has already taken place. So to continue the 12345 Elliott wave pattern, a Impulse wave 3 expected down. In the discord environment From Crypto Insiders, we keep these charts updated.
Buying or selling BTC?
Are you looking for help with cryptocurrency trading? Then we would like to refer you to discord society for members. Here, experienced analysts and traders discuss their analyzes and trading plans on a daily basis. We are also the first to share our technical and fundamental analysis. In our Discord community we can share knowledge with each other 24/7 and try Featured Members to keep you informed.
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