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On the chart of the value of the main virtual coin Bitcoin (BTC), according to experts, in the last 2 weeks there has been a sideways movement. The price of the asset fluctuated in the range of $ 29-31 thousand According to the analytics of crypto data counting platforms Cointelegraph Markets Pro and TradingView, the BTC/USD trading pair failed to strengthen support at around $ 30,000. The current rate of bitcoin as of 16:00 Moscow time on May 24, 2022 was $ 29,260.
Renowned crypto strategist Michael van de Poppe told the audience:
“If the value of BTC manages to exceed the mark of $ 29,400 thousand, then the next target level will again be $ 30,000.
Also, financial advisers expected a greater impact on the price of the leading digital currency, in connection with the opening of discussions at the World Economic Forum on May 22, 2022, which will be held in Davos (Switzerland) until the 26th. However, the financial event did not present news to the crypto market that could significantly affect the exchange rate.
Analyst Tedtalksmacro noted that on the Chicago Stock Exchange (CME), futures contracts in the BTC/USD pair did not show the expected growth in response to a decrease in the value of US shares, in particular, due to the fall of the US dollar index (DXY) to 102.
About the long term, the trader Il Capo Crypto spoke. According to the analyst, a protracted period of capitulation has come to the value of BTC until 2024. The expert said that the rate will traditionally be affected by a decrease in remuneration for miners (halving) from 6.25 BTC to 3.125 BTC. poor wording.
After halving, the target value for the bitcoin rate will be, according to Il Capo, the area of $ 69 thousand However, he warned fans that this will be preceded by a significant decrease in value and consolidation at $ 23,800.
Earlier, the editors of Crypto.ru reported that leading analytical agencies agree that bitcoin mining has faced energy problems.
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