empty
03.02.2022 05:05 PM
Why is Bitcoin the best form of money and "gold killer"?

2021 has become a year of rethinking the possibilities of the main cryptocurrency. Bitcoin has significantly boosted institutional investment and helped large companies retain capital during a 30-year high inflation. Cryptocurrency has become the most profitable financial instrument in 2021, ahead of oil and real estate. And of course, the main crypto-asset became the third after Visa and Mastercard in terms of the volume of processed transactions.

All these factors suggest that JPMorgan's position that Bitcoin is only good as a hedge against inflation is somewhat underestimated. The main cryptocurrency continued its path of becoming a global means of payment thanks to the emergence of bitcoin wallets like Chivo in El Salvador, as well as the Lighting Network payment system. The only thing that hinders the introduction of a crypto asset everywhere is high volatility.

It is for this reason that JPMorgan has reduced the "fair value" of the asset to $38k. But at the same time, Bitcoin has increased its dependence on the S&P 500 trading index, which cannot be attributed solely to the current market period. In addition, it is important to remember that it is volatility that allows Bitcoin to compete with gold for investor attention. And even despite the excessive impulsiveness of the BTC price behavior, the coin ended 2021 with a gain of +60%, while gold fell by 2% over the same period.

This image is no longer relevant

This image is no longer relevant

Fidelity analysts do not believe that volatility will be a problem for BTC in the future and will not allow it to reach the value of $1 million per coin. In addition, the report of the company's experts states that due to the security and decentralization of the network, the main cryptocurrency will continue to be in demand.

The massive move of mining from China in the summer of 2021 strengthened Bitcoin's position as the "king of decentralization." Over the past year and a half, the mining industry has become more fragmented due to the equal distribution of shares among several regions.

Taking into account all the facts, we can conclude that during bearish or corrective cycles, it is necessary to accumulate the main cryptocurrency. Large investors understand this, while the retail audience is selling assets at a loss. This is evidenced by the Realized Loss on-chain metric.

This image is no longer relevant

This image is no longer relevant

Is Bitcoin going up or down?

Despite the fact that the coin is trading near the downward trend, there is a possibility of a second decline to the $35k-$30k area. Everything points to a repetition of the spring-summer period of 2021, where three local bottoms were formed during the correction cycle. Current volumes and active accumulation suggest that it is enough for the cryptocurrency to form a double bottom and subsequently exit the $30k-$40k range.

This image is no longer relevant

This is also indicated by the formation of a local "ascending triangle" technical analysis figure. The potential of this formation is $40k-$40.5k, which suggests that the cryptocurrency will continue its upward movement after a short period of accumulation in the $36k-$38.7k area.

Subsequently, I assume a storming of the $ 40.5k level, where the 0.786 Fibo level passes, and the activation of sellers. The result will be a fall to the $30k-$35k area, collecting liquidity, averaging positions, and further recovery to $36k-$38k in order to re-storm $40.5k. In summary, I want to say that it makes no sense to go long before the price goes beyond $40k. Therefore, the current range of price movement should be used for averaging positions in order to make a profit in the medium term.

Artem Petrenko,
Analytical expert of InstaForex
© 2007-2025
选择时间框架
5
分钟
15
分钟
30
分钟
1
小时
4
小时
1
1
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

推荐文章

以太坊崩跌。比特幣受影響較小

儘管 Pectra 測試升級在新的 Hoodi 測試網上成功推出——這可能是在將升級版本推送至旨在改善擴展性、質押和用戶體驗的主網之前的最後一步——但以太幣仍然大幅下跌,這為該加密貨幣的短期前景帶來重大挑戰。比特幣則顯得相對更加堅挺,但仍然失去了前一天的所有漲幅。

Jakub Novak 08:01 2025-03-28 UTC+2

3月28日加密貨幣市場交易提示

比特幣和以太坊正面臨維持現狀的困境。比特幣再次嘗試穩住在88,000美元卻失敗,從而在今日亞洲交易時段出現拋售情況。

Miroslaw Bawulski 07:34 2025-03-28 UTC+2

3月27日加密市場交易提示(北美交易時段)

比特幣在上午並沒有表現出任何有趣的動向。只有以太坊在其震盪區間內略有交易,但仍被困在其中。

Miroslaw Bawulski 15:16 2025-03-27 UTC+2

美國加密貨幣監管法案加速推進

美國立法者正快速推進針對數字資產的監管立法。關於穩定幣法案以及經過修訂的更廣泛的加密貨幣市場結構法案的投票預計將在不久的將來進行。

Jakub Novak 10:52 2025-03-27 UTC+2

BTC/USD 分析。3月27日。比特幣缺乏增長潛力

在BTC/USD的4小時圖中,波浪結構相當明顯。在完成由五個完整波段組成的牛市趨勢後,目前已開始出現一個修正性下跌階段。

Chin Zhao 08:31 2025-03-27 UTC+2

3月27日加密貨幣市場交易建議

比特幣和以太坊在維持上漲勢頭方面正面臨挑戰。然而,這似乎更像是對唐納·川普最新政治言論的反應——這些言論導致對風險資產的需求下降——而不是足以重新引起市場恐慌或悲觀情緒的嚴重影響。

Miroslaw Bawulski 08:06 2025-03-27 UTC+2

2025年3月27日,星期四,以太坊加密貨幣的日內價格走勢技術分析。

如果在接下來的幾天內,Ethereum 加密貨幣在日線圖上沒有顯著增強,尤其是未突破並收於2549.05水平之上,那麼這顯示Ethereum將繼續走弱至1753.97水平,並且如果成功突破並收於該水平之下,Ethereum將繼續走弱至1659.83水平。如果走弱的波動性和勢頭支持的話,那麼下一個目標將是1538.50。

Arief Makmur 06:36 2025-03-27 UTC+2

2025年3月27日,星期四,Filecoin加密貨幣的日內價格波動技術分析。

在 Filecoin 加密貨幣的4小時圖中,成功突破上升楔形通道的下線後,其價格走勢現在卡在具有向下傾斜的 EMA(21)處。因此,根據這些分析,近期內,只要 Filecoin 沒有顯著的強勢反彈,特別是如果突破並收在3.202水準之上,它會有可能持續走弱並測試2.999水準。

Arief Makmur 06:36 2025-03-27 UTC+2

比特幣在突破90,000美元之前徘徊

當你考慮是否要購買比特幣時,全球最大的資產管理公司 BlackRock 正在積極增加其代幣化基金 BUIDL 的 ETH 持倉。 此舉凸顯了機構投資者對加密貨幣資產的興趣日益增加,以及這類資產逐漸融入傳統金融工具。

Jakub Novak 09:39 2025-03-26 UTC+2

3月26日加密貨幣市場交易建議

比特幣和以太坊持續展現出活躍增長,但在突破主要阻力位時面臨挑戰。昨日,比特幣在達到 $88,400 後回落,目前交易價格約在 $87,600。

Miroslaw Bawulski 08:22 2025-03-26 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.