With a capitalization that has temporarily crossed $ 1 trillion, Bitcoin remains the leader in cryptocurrencies with a dominance of almost 40%. Its fluctuations drive all cryptocurrency prices.
Bitcoin (BTC) price: what is the current price?
Here is the live Bitcoin price.
Today’s Bitcoin news per. 05/11/2022:
Bitcoin has already lost momentum for several months, and is now approaching a new bearish plateau. It traded at $ 30,600 the night between May 10 and 11, with the risk that the queen of cryptocurrencies could fall below $ 30,000.
For analyst Vincent Ganne, the current scenario would look like an effect ” falling knife ”, Where no one is tempted to catch up with the knife, here Bitcoin. Investors will be sure that the trend has stopped before investing again.
This wait-and-see scenario can still hurt BTC and push it towards $ 20,000. ” If the $ 30,000 / 33,000 zone for bitcoin is broken, we go into this “declining knife effect”, heading towards $ 20,000 », Assures the analyst.
Mid-Term BTC Price Prediction : Bitcoin is going down against its previous resistances that have become supportive. These are good buying points for crypto.
Long-term BTC price forecast Read also: Solana (SOL) Opinion: Should you invest at the current price? Analysis, prediction and weekly news. : Many analysts assume price ranges from $ 100,000 to $ 1 million for a Bitcoin. The lower range for this range of $ 100,000 remains very relevant in the long run.
Our overall opinion on crypto (BTC) for 2022
- Bitcoin Global Mirror Mag Rating: 7/10
68% of retail investor accounts lose money when trading CFDs with this provider. You need to ask yourself if you can afford to take the high risk of losing your money.
Bitcoin project reviews
The Bitcoin project is innovative and has paved the way for other blockchain-related innovations. On the same topic: Dogecoin (DOGE) – Can the price of the DOGE crypto recover in the short, medium and long term? Reviews and analyzes. Although its blockchain is not built-in equipped with advanced decentralized financing features, Bitcoin remains the most trusted cryptocurrency in the cryptocurrency sphere.
Price volatility announcement
Bitcoin is very liquid and allows for short-term trading. Compared to altcoins, it is relatively stable.
Conclusion – should you invest in Bitcoin crypto? Where and how to buy it?
Conclusion on our Bitcoin review
Bitcoin will remain the leading cryptocurrency for a while and will remain a benchmark for the cryptocurrency market. It is a good value for diversification.
Buy Bitcoin (BTC) to trade
To trade with this cryptocurrency, the eToro broker is the most suitable. In addition to buying tokens, this platform allows you to trade short-term crypto-CFDs without having to hold tokens.
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Step 1 : use the search bar on the eToro platform to find the cryptocurrency.
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Step 2 : then click “Invest” to enter the amount of cryptocurrency to buy and validate the transaction.
Read this article to find out how to buy cryptocurrency on eToro.
68% of retail investor accounts lose money when trading CFDs with this provider. You need to ask yourself if you can afford to take the high risk of losing your money.
Buy Bitcoin to invest
To invest in this cryptocurrency by holding them in a wallet, go to the Binance platform.
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Step 1 : go to the “Buy Cryptos” tab and then select the payment method of your choice.
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Step 2 : select the crypto to be purchased and proceed to secure payment. Thereafter, the cryptocurrencies will be credited to the dedicated wallet.
Read this article to find out how to buy cryptocurrency at Binance.
Useful Resources for Investing in Bitcoin (BTC)
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eToro allows you to easily trade cryptocurrency online. Creating an account is free and easy.
68% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. eToro users in France cannot open positions to buy real cryptocurrencies, all orders are opened as CFDs.
Alm Maye has been a trader and analyst since 2013. He is an expert in stock markets, Forex and cryptocurrencies. He is the creator of Almvest.com and Imveste.com, two sites dedicated to personal finance. He participates in the development of feature articles on specialized sites such as Actions-boursieres.fr as well as the international network of Finixio.com.