Categories: Crypto Review

Bit-comment: Bitcoin keeps moving in a sideways

Bitcoin keeps moving in a sideways trend. During the week, the price of the first cryptocurrency remained unchanged at the level slightly above $9K. Bitcoin-maximalists believe that this is a starting point for further growth. Bears, on the other hand, refer to the fact that the last several sideways trends ended with corrections. Almost a year ago, one of the most extended sideways trends collapsed in mid-November, when Bitcoin dropped from $6K to a minimum level just above $3K, marking an excellent opportunity for most investors to enter the market.

The attitude to what is happening may be different, but following the 50-day moving average with the activation of purchases after the decline below this level indicates that large investors are trying to create a feeling of preparation for growth. Manipulation is an integral part of the crypto market, which spoils its reputation in the traditional financial world and attracts aggressive speculators. In case of persistent attempts to convince investors of the rapid growth of the asset, one should be especially careful.

The FxPro Analyst Team

AddThis Website Tools
The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team
Tags: Bitcoin

Recent Posts

NZDUSD Wave Analysis – 19 March 2025

NZDUSD: ⬇️ Sell - NZDUSD reversed from the resistance level 0.5820 - Likely to fall…

1 hour ago

EURUSD Wave Analysis – 19 March 2025

EURUSD: ⬇️ Sell - EURUSD reversed from resistance level 1.0930 - Likely to fall to…

1 hour ago

Ethereum gives way

The crypto market remains in a downtrend, with Ethereum losing market share while Bitcoin's share…

7 hours ago

GBPUSD Wave Analysis – 18 March 2025

GBPUSD: ⬆️ Buy - GBPUSD reversed from support zone - Likely to rise to resistance…

19 hours ago

GBPAUD Wave Analysis – 18 March 2025

GBPAUD: ⬆️ Buy - GBPAUD reversed from the support zone - Likely to rise to…

19 hours ago

Solana Wave Analysis – 18 March 2025

Solana: ⬇️ Sell - Solana reversed from the resistance zone - Likely to fall to…

21 hours ago