💰 BlockFi: Up To $250 Bitcoin Bonus: (Sponsored)
A closely followed crypto trader is unveiling what he believes is the most realistic price path for Bitcoin (BTC) for the rest of the year.
“When the price of an asset is on an uptrend and then it catches up with the long-term moving averages, usually that’s a sign that the trend is dying down. The momentum is lost. If you cross below them, that is a bearish signal.”
The cryptocurrency analyst highlights that the 20-month EMA was a reliable indicator of major trend shifts during the 2014 and 2018 BTC market cycles.
“That happened over here in 2014. If we go over here in 2018, [we had] a major run-up. Trend starts to go sideways after the run-up, and then we meet the long-term moving averages. We closed below that. It’s a bear market.”
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Show Notes / News Resources:
✔ Bitcoin Technical Analysis: https://bit.ly/3M0CZbY
✔ LFG To Deploy $1.5B: https://bit.ly/3FrBMrM
✔ BTC Capitulation Scenario: https://bit.ly/3PaTQe4
✔ Most Realistic BTC Price Prediction for 2022: https://bit.ly/3P6YjP2
🔴 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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The Metaverse and Facebook
The term “Metaverse” was first used by Neal Stephenson in 1992 to describe virtual 3D spaces. It has evolved through virtual reality, augmented reality, and cryptocurrency. The concept of the metaverse was popularized in the popular novel Ready Player One by Ernest Cline. In 2014, Facebook purchased the virtual reality hardware and platform Oculus. Today, the Metaverse is becoming a popular place for people to interact and share content.
The concept of the Metaverse is not yet completely defined. However, early experiments have been conducted in video games, including the popular Fortnite. Travis Scott, an American rapper, held a virtual concert in the game and saw a record-breaking 12 million gamers. It is unclear how the Metaverse will work, but it will include a virtual world that users can access over the Internet. Users will have their own avatar and will have access to the metaverse through a VR headset.
In a recent report, Citi GPS estimated the number of users of the Metaverse to be 5 billion by 2030. However, they noted that there are some dark sides of the Metaverse, including regulatory uncertainty, money laundering, counterfeit NFTs, and trading scams. In addition, the price volatility of most cryptocurrencies is problematic. However, big companies have a distinct advantage over their smaller competitors. They have a large budget, a level of trust, and data privacy in place.