CRYPTO NEWS TODAY - That's Why Bitcoin is About to Go Up in Price
CRYPTO NEWS TODAY - That's Why Bitcoin is About to Go Up in Price
00:02 Intro
01:15 Crypto News
02:01 Bitcoin News
03:12 Ethereum News
04:02 Bitcoin Technical Analysys
05:01 Bitcoin Price Prediction
Trader Justin Bennett claims that after reaching $43k, bitcoin price will reach $46k, as the first serious resistance level is located at this level. If it is broken through, the cryptocurrency can rise to the range of $50-53 thousand, according to Bennett. In his opinion, bitcoin may enter a rally phase, in which its value will rise quickly.
On the morning of February 7, the price of bitcoin for the first time since January 20, reached $43 thousand. During the week the cryptocurrency rose in price by 13% and its capitalization rose to $808 billion, according to CoinGecko. As of 11:25 Moscow time, the asset was trading at $42,600.
At the end of January, more than 40 thousand BTC were withdrawn from cryptocurrency exchanges, the value of which exceeds $1.7 billion as of February 7. The last week of January was the largest bitcoin outflow from trading platforms since mid-September 2021.
The outflow of funds from cryptocurrency exchanges is usually associated with active purchases. For example, in May 2021, after bitcoin fell by a third in 24 hours, to $30,000, the largest withdrawal of digital coins in a year was recorded. Users withdrew about 175 thousand BTC worth $7 billion at the exchange rate at the time to cold wallets.
Translated with www.DeepL.com/Translator (free version)
00:02 Intro
01:15 Crypto News
02:01 Bitcoin News
03:12 Ethereum News
04:02 Bitcoin Technical Analysys
05:01 Bitcoin Price Prediction
Trader Justin Bennett claims that after reaching $43k, bitcoin price will reach $46k, as the first serious resistance level is located at this level. If it is broken through, the cryptocurrency can rise to the range of $50-53 thousand, according to Bennett. In his opinion, bitcoin may enter a rally phase, in which its value will rise quickly.
On the morning of February 7, the price of bitcoin for the first time since January 20, reached $43 thousand. During the week the cryptocurrency rose in price by 13% and its capitalization rose to $808 billion, according to CoinGecko. As of 11:25 Moscow time, the asset was trading at $42,600.
At the end of January, more than 40 thousand BTC were withdrawn from cryptocurrency exchanges, the value of which exceeds $1.7 billion as of February 7. The last week of January was the largest bitcoin outflow from trading platforms since mid-September 2021.
The outflow of funds from cryptocurrency exchanges is usually associated with active purchases. For example, in May 2021, after bitcoin fell by a third in 24 hours, to $30,000, the largest withdrawal of digital coins in a year was recorded. Users withdrew about 175 thousand BTC worth $7 billion at the exchange rate at the time to cold wallets.
Translated with www.DeepL.com/Translator (free version)
