Bitcoin price for the third day is in the range of 47000-48000 dollars.
The price of Ethereum yesterday broke above the previous high of January 12 at $ 3400, forming a new high at $ 3480.
The price of Bitcoin, Ethereum and other cryptocurrencies are still enjoying the positive news from Ukraine, which put a huge wind in their backs and led to solid gains.
More than half of Americans believe that cryptocurrencies will be the future of finance.
Bitcoin chart analysis
Bitcoin price for the third day is in the range of 47000-48000 dollars. In the last 24 hours, we see that the bullish pressure has decreased and that the price is slowly moving towards lower levels. The first support is in the MA20 moving average at 47,000 dollars, and if it doesn’t last, we will probably see pullback prices up to 45,000 dollars, the place where the previous bullish impulse started.
The following potential support zones are at $ 42,000, and then the next at $ 40,000 psychological level. For the bullish option, we need a continuation of the positive consolidation and a break above $ 48,000. Then space opens up to us for $ 52,000, the previous high of December 27th. The intermediate psychological target is $ 50,000.
Ethereum chart analysis
The price of Ethereum yesterday broke above the previous high of January 12 at $ 3400, forming a new high at $ 3480. We are now in consolidation, and the price is in the narrow range of 3300 – 3430 dollars. We can still say that we are in the bullish trend because all the parameters in this time frame are on the bullish side, we have support for all moving averages, and based on that, we expect a further continuation above the $ 3,500 level. Next above the target is at $ 3600, then the $ 3800 level, the previous high from January 5.
For the bearish option, we need new negative consolidation and pullback prices to the previous support zone at $ 3,200. Additional support in that zone is in the MA50 moving average. The next one is at a $ 3,000 price tag, psychological level. A break below could lower us to the $ 2,800 level and MA200 moving average. The March support zone is priced at around $ 2,500.
The price of Bitcoin, Ethereum and other cryptocurrencies are still enjoying the positive news from Ukraine, which put a huge wind in their backs and led to solid gains. The great initiator was the comments of both Ukraine and Russia that the agreement is on the table and that it is time for the Russian and Ukrainian presidents to meet. Markets grew but faded slightly during the Asian session.
The price of bitcoin is under low pressure due to two elements that affected the positive mood from yesterday. The first element is the news of the biggest robbery in the history of cryptocurrencies. Several million were stolen from cryptocurrency accounts, which undermines the credibility of cryptocurrencies globally. Another negative element that puts pressure is that investors have been in the lead in recent days for signs of a breakthrough in geopolitics. It seems like a school example of buying-rumours-selling-facts with investors making a profit while the good news comes out.
A new study on the money of the future
More than half of Americans believe that cryptocurrencies will be the future of finance. About 53% of respondents in a national survey conducted by OnePoll on behalf of StarkWare agreed with this estimate.
According to a new study, the figure was approximately 70% among those aged 25 to 34 and 60% among those aged 35 to 44.
About 17% of respondents said they had invested in digital assets. That share increased by 28% among those aged 25 to 34.
Eli Ben-Sasson, president of StarkWare, said: “Interestingly, a system most people never heard of ten years ago is now called the“ future of finance ”.
Ben-Sasson also believes the data suggests the world is on the brink of “the biggest financial change since the invention of the credit card,” as younger generations gravitate to alternative payment services.
According to the report, investors are continuously monitoring and changing their investments.
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