Bitcoin is down 4.29% today, see 3 Expert Review – Market Summary

Charlie Taylor

Bitcoin BTC crypto currency gold coins with global trading exchange market price graph chart, new virtual money concept. Mining or blockchain technologyCoingoback" srcset=" 700w, uploads/2022/06/Banner-Coingoback-700x150-1-300x64.jpg 300w, 150w, 585w" data-sizes="(max-width: 700px) 100vw, 700px " width="700" height="150" style="display: inline-block;To summarize the situation of the main cryptocurrency in the market this beginning of the week, 3 experts will present the possibilities for the future price of Bitcoin according to different analysis metrics. This Monday (2nd), bitcoin has dropped 4.29% from the top it reached over the weekend and struggles to stay close to the US$40,000 level. After hitting US$42,600, bitcoin has cooled slightly, back to $39,882, according to CoinGoLive. Most altcoins have also calmed since the weekend, with ETH keeping its price close to $2,600 and BNB dropping below $340.Bitcoin price according to CoinGoLive is US$39,882 today (02). See below the 3 experts writing about it.  Source:

The Bitcoin cycle analyzed by 3 experts

The bulls continue to push bitcoin north. Even falling 4.29% in one day, in the last 1 hour the asset recovered 0.75%. But will the bulls have the strength to continue at this pace? Lark Davis, PlanB and Dave the Wave seem to have different answers to this question. YouTuber and crypto industry analyst Lark Davis notes that the BTC had closed its weekly candlestick above the 21-week exponential moving average, just hitting the $40,000 level yesterday. $39,882 today. But take it easy, as network data suggests long-term metrics are still bullish. The popular stock-to-flow model is still on the right track, according to its creator, “PlanB,” who posted an update on Twitter yesterday. The S2F model was first published in March 2019, according to PlanB, is running like a Swiss watch. Third analyst “Dave the Wave” posted a more negative outlook with a cross printed on the monthly MACD (moving average convergence/divergence). According to this more pessimistic view, markets that have had prolonged lows have followed this pattern in recent years. Even so, bitcoin's market cap accumulates a total of US$ 747 billion and its dominance over altcoins, which are now calmer, is at 44.7%.


The market's major alternative currencies didn't make any more double-digit moves today as they are calmer over the weekend. Ethereum (+0.40%), Binance Coin (-1.72%), Cardano (-2.54%), Ripple (-0.81%), Dogecoin (-4.36%), Polkadot (+1 .04%), Uniswap (+0.33%), Bitcoin Cash (+1.84%), Litecoin (-1.79%), Chainlink (-0.64%), and Solana (+1.26% ) were the main altcoin points in 24 hours. Binance Coin's performance has been a bit sluggish recently, owing to all the regulatory concerns surrounding the leading cryptocurrency broker, Binance. The cumulative market capitalization of all cryptocurrencies has increased to $1.66 trillion.

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