The cryptocurrency market yet again decided to drop lower. This comes after a previous green week, where Bitcoin managed to recover from a low of 33K all the way to reach a high of 45K. On the other hand, BTC prices seem to have taken a turn and went back to a current price of $38K. Why is Bitcoin down, and most importantly, which factors contributed to a crypto bear market? In this article, we'll tackle all the above and assess whether it's a good idea to buy Bitcoin at today's prices or wait for further adjustments lower.

Bitcoin investors were thrilled to see prices soar from a low of 33K all the way to reach a price of 45K. The next target for Bitcoin was definitely the psychological price of 50K. On the other hand, this did not happen. BTC prices started to sink again slowly until prices managed to break the 40K price.

Coincidentally, the current 38K price falls in between the strong green support area visible in figure 1. This area was previously a resistance that turned into a current support. Usually, prices tend to repeat the same patterns around those areas.

When engaging in trading activities, it is important to remember that sometimes, markets go up and down with no specific or apparent reason. That's the nature of the business, uptrends and downtrends are always forming the markets. For cryptocurrencies, there are clear factors that contributed to the stagnation in prices of Bitcoin and then expanded to all altcoins such as Ether and Stellar.

Most crypto exchanges are having record low trading volumes. This fact usually predicts lower markets, as the purchasing power vanishes from the markets. Usually, the buyers are responsible for highering the prices of the underlying assets. In this case, there are not enough people buying Bitcoin, the fact that keeps sellers in place and consequently, having lower prices.

When crypto investors liquidate their trades, they often revert to stablecoins such as USDT or USDC. Crypto exchanges require users to deposit traditional currencies and convert them into stablecoins in order to buy or sell cryptos. With a combined market capitalization of more than $130 Billion, the top 2 stablecoins USDT and USDC that currently rank #3 and #5 as the biggest cryptos seem to grow rapidely. This signals crypto investors sitting on the sidelines, waiting for prices to get better.

Yes, geopolitics affect prices heavily. There are many talks about the Russia/Ukraine potential conflict on the borders. This event affected all countries in Europe, as they will be dragged into war potentially. When EU citizens are worried, their investment activities tend to get lower, hence lower crypto buying occurs resulting in lower prices.

Additionally, there were talks about Ukrainian people receiving aid in the form of cryptocurrency remittances. When they receive cryptocurrencies, in order to benefit from those funds, the holders will have to sell them for traditional currencies and cash. This fact also contributes to lower crypto prices.

It might be days or weeks before we see any improvement in the Bitcoin price or even other altcoins. The coming week will be crucial to determine whether prices will continue to sink lower, or whether the Bitcoin price will surpass 40K again. For now, it might be a good idea to wait and see what comes next.

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The Bitcoin price bounced off the resistance at $38,000. Are we seeing another drop towards $30,000? Or can Bitcoin recover soon and climb back above $40,000 in a bull run? In this Bitcoin price prediction article, we're going to analyze Bitcoin prices and lay out 2 potential scenarios that might happen.

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The Bitcoin price tried to get into an important support zone in the last few days. After its most recent crash, when the price fell below $35,000 from $43,000, $BTC stabilized slightly. In the last few days, the price has climbed back above $38,000.

Had the price held there or continued to rise, it would have entered a key support zone between $38,000 and $43,000. On the other hand, Bitcoin prices retraced from that key resistance level of $38,000. Currently, prices are around $37,200 and down by -2.4%.

The fear in the market persists. Due to the announced increases in key interest rates at the American central bank, the FED, there is great concern that Bitcoin as an asset could continue to lose its value. In addition, cryptocurrencies recently fell at the same time as tech stocks in America.

Now is an ideal point to get in cheaply. Buy bitcoin on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

With a high hash rate and increasing mining difficulty, the Bitcoin network remains fundamentally strong. According to analytical data, the Bitcoin price is currently much lower than the key data of the network suggests. Bitcoin is still considered “oversold”. In a previous article, we highlighted the similarities of the price-action between Bitcoin and the US equity markets. With today's open markets, Bitcoin's traded volumes are expected to increase in tandem with the open of the US markets.

Stronger fundamental data does not necessarily mean that Bitcoin will rise again in the medium term. In recent months, cryptocurrencies became increasingly susceptible to negative developments in the financial markets that are affecting prices.

A drop to $30,000 still seems possible as a number of options contracts remain open in the Bitcoin derivatives market. A massive sale of these contracts could mean another heavy loss. However, investors could also bet on bullish times. The next few weeks will be very busy for the crypto community!

You can purchase bitcoin on the  Binance ,  Coinbase ,  Kraken ,  and  Bitfinex crypto exchanges  .

The Bitcoin price had to accept another downward slide and fell below the $ 40,000 mark. Bitcoin price had previously surged above $43,000 and then suddenly plummeted sharply down to a current price of $ 35,000. What were the reasons for the rapid descent in the last few hours? Let's talk about 3 probable causes for this Bitcoin crash 2022.

The Bitcoin price briefly rose above $43,000 yesterday. However, the joy was short-lived. The price dropped again particularly quickly. First, it went down to $41,000 where a brief consolidation occurred. When it appeared that the support level wouldn't hold, the price fell below $40,000 again.

The post Top 3 Reasons why Bitcoin Crashed Again in 2022 appeared first on CryptoTicker.

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