Bitcoin Price Move Soon?

Published in

Coinmonks

2 min readMar 13, 2022

The crypto market remains choppy, with BTC ranging between $37,000 and $42,500 in the past week. The price action is converging into a tight triangle; we are likely to see a volatile move to the upside or the downside. Most altcoins are more than 80% to 95% below their all-time highs, with some like Terra Luna showing strength in the wake of the bearish price action and sentiment, outperforming the market with a 30% pump. The Terra pump to recent all-time highs came in the wake of the news that Terraform Labs — the creators of the terra blockchain — have donated about $1.1 billion to the ecosystem’s reserves. With this pump, Terra’s new and sleek DEX — Astroport ($ASTRO) — also made a new all-time high of $2.18. Another Terra ecosystem project to watch is Mars Protocol ($MARS) — a fully automated, on-chain credit protocol. While not financial advice, these two projects could perform very well in the short and long term — they are both early movers in the ecosystem.

If you want to read a free ‘deep dive’ article about Astroport’s potential, then consider subscribing to my free monthly newsletter at https://cbresearch.substack.com/

I also write research articles for a crypto magazine and trading signals hub created by Lisa N. Edwards, an Elliott wave specialist trader with 20-plus years of experience in traditional stocks, commodities and now exclusively trading cryptocurrency.

Use this link to check out trading signals and more:

https://gettingstartedincrypto.com/paid-signals/ref/3945/

Use this link to check out the magazine and more:

https://gettingstartedincrypto.com/moon-mag/ref/3945/

Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing

Bitcoin Price Move Soon?

Also, Read

Written by Kel The Observer