Bitcoin's biggest capitulation is about to begin; The price of BTC could reach $11,000 in December 2022!

in SCT.암호화폐.Crypto • 2 years ago

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Bitcoin's fractals have remained largely unchanged, as prices have remained within the same ranges. Even though the hash rate has been increasing and reaching new highs, the price has not changed. As a result, the next few weeks seem to be crucial in determining the future path of the BTC price and, by extension, the rest of the crypto market.

Meanwhile, BTC prices have yet to show a significant rebound, so the weekly and monthly charts remain bearish. Specifically, the price faced a strong pushback from critical resistance, which can now severely limit the strength of the rally.

On the other hand, the difficulty of Bitcoin mining, also known as the hash rate, is reaching new highs every day.
Read More:https://coinpedia.org/bitcoin/major-bitcoin-capitulation-is-about-to-begin-btc-price-could-reach-11000-in-december-2022/

#cryptocurrency #btcprice #capitulation #criticalresistance #twitter
2 years ago in SCT.암호화폐.Crypto by
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