Over the past few days, there have been very diverse opinions about the crypto market. It has been clouded with confusion and multiple speculations. While some analysts speculate that the storm of 2022 has settled and predict that it is on the way to $1 million, others have said that it is surely destined to crash.
Founder of Crypto-Law and Managing Partner of the Deaton Law Firm, John Deaton lashes out.
Several Predictions and Opinions in the Market
A recent tweet by WhaleChart said that Crypto Twitter is speculating about $10,000 Bitcoin again.
John Deaton responded to this tweet by stating that if Bitcoin reaches 25,000, others predict it will reach 50,000, and if it dips to 22, others predict it will reach 10,000. In summary, nobody knows. Who knows? Perhaps it reaches 10K and then 50K, at which point everyone will be correct.
Furthermore, Ali, who goes by the handle @ali charts, has also made a Bitcoin prediction. In the 4-hour chart, the TD displays a buy signal at an important support level. The price of bitcoin may recover and retake the 50 EMA at $24,200 as support, continuing the rise, if the 100 EMA at $23,400 can hold. A drop to $22,700 may occur if the 100 EMA is not maintained above.
Several diverse opinions about the crypto industry are floating in the market of late. However, it is essential to conduct your own research before investing in the crypto markets.
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