The crypto analyst who predicted Bitcoin would crash this year is revealing what he thinks will be the bottom price for the benchmark cryptocurrency (BTC).
“BTC – Some of the reasons why I think we should see new lows in the coming days:
BTC broke the $30,000 support zone, which was the main pivot of the bull run. This is a zone, not a level. It’s between $29,000-$31,000, taking all the wicks. Now it’s testing that zone as resistance.”
The analyst says that Bitcoin could drop to as low as $21,000 before it will go up.
“The minimum target of the bear flag hasn’t been reached yet ($23,000). You can also see this on altcoins, where some of the main targets haven’t been reached yet.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/38kknFg
✔ SWIFT Won’t Exist in 5 Years: https://bit.ly/38P7GTe
✔ JPMorgan Declares Bitcoin Fair Value $38K: https://bit.ly/3PCUXn8
✔ Bitcoin Rock Bottom Prediction: https://bit.ly/39U6pKL
🔴 DISCLAIMER: This is NOT financial advice. This is an entertainment and opinion-based show. I am not a financial adviser. I am not responsible for any investment decisions that you choose to make. Always do your own research and never invest what you cannot afford to lose.
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Facebook Looking to Dominate the Metaverse
Facebook is looking to dominate the Metaverse. Its recent news about the company’s interest in digital currencies suggests that it is trying to find new revenue streams. The company’s fourth-quarter profit fell by 30% and it also revealed that it was expecting to see lower revenue due to competition. But it could be that the company has an eye on digital tokens as a way to keep users on the platform. The company has an ad business worth $118 billion annually, and digital tokens would be an excellent way to encourage users to stay.
One popular type of metaverse is Decentraland. Its blockchain-based app allows users to own virtual land. The user can play games and earn money by purchasing avatar skins. The entertainment industry has also tapped into the metaverse, with popular games such as Fortnite attracting 78 million players. The entertainment industry has found the metaverse to be an ideal place to expand its reach. In addition to entertainment, developers can create a game or project in this open source ecosystem.
Mark Zuckerberg’s vision for the metaverse is to make the platform decentralized and interoperable, making it easier for users to create and monetize content. But despite the huge potential of the metaverse, the CEO of Facebook has concerns about its potential impact on the crypto world. Despite his enthusiasm for the technology, Zuckerberg has his sights set on other sectors. He believes cryptocurrencies are still in trouble. This makes Zuckerberg’s focus on the Metaverse all the more important.
