Monday, March 20, 2023

Creating liberating content

Student loan forgiveness: What...

On Tuesday, the Supreme Court heard arguments for President Joe Biden's student loan...

Elon Musk tweets about...

The CEO of Tesla, a multibillionaire, claimed that the current financial structure is...

Miami highway shooter charged...

The man who opened fire from his automobile on I-95 over two years...

COVID-19 origin: Genetic connections...

Raccoon dog DNA has been found in genetic samples taken from a Chinese...
HomeBusinessBitcoin price maintains...

Bitcoin price maintains above $23,000: Accumulation or Consolidation?

Bitcoin price has been extremely volatile throughout the course of the past few months, making it impossible to accurately forecast its price.

Many investors and industry professionals had earlier predicted that BTC will lose value and trade in lower ranges. However, the leading cryptocurrency has been able to behave differently, increasing in both demand and value over the course of a few weeks.

The general state of the cryptocurrency business currently appears to be quite good. A number of prominent altcoins have been gaining traction, and the entire blockchain industry, including subsectors like P2E, Defi, and NFTs, has seen a rise in investor interest.

Investors are at a stop despite the gloomy appearance of the global economy due to these favorable developments in the cryptocurrency sector. Consolidation and Accumulation are both technical phrases that are frequently used to describe the price movement of an asset. To gain a better understanding of BTC’s anticipated movement, let’s analyze its precise meaning.


In technical analysis, consolidation refers to the oscillation of an asset between well-defined trading levels.

When an asset’s price moves above or below the trading pattern, suggesting market hesitation, consolidation occurs. Essentially, it refers to a cryptocurrency whose price trend is neither continuing without reversing.

Until another pattern appears, consolidated cryptocurrencies often trade within narrow price ranges and offer few trading chances.


The concept of accumulation is rather basic. It is believed that cryptocurrencies are accumulating while their prices are increasing, especially when the volume is also increasing. This shows that wholesalers and investors are interested in purchasing the product in significant quantities.

If the price of a specific cryptocurrency has been rising at a reasonable rate, it may indicate that there is consistency and even the possibility of a future increase in the number of customers eager to acquire it at any price.

Read more: Artificial intelligence analysis of pain drawings could forecast how patients would react to a headache operation

Is It A Good Time To Invest?

Bitcoin-Crypto-Tech-Business-NFT-US News
Bitcoin price has been extremely volatile throughout the course of the past few months, making it impossible to accurately forecast its price.

Bitcoin has repeatedly proven to be one of the greatest cryptocurrencies to participate in and invest in. Long-term, there is little doubt that BTC might be a fantastic investment with the potential to generate enormous returns.

However, it may be somewhat difficult to predict its short-term volatility. The fact that it may currently be in its accumulation phase indicates that now may be the optimum moment to invest in Bitcoin.

The price of Bitcoin was approximately $17k at the beginning of January but has now surpassed $23k.

While additional data and confirmation of a reversal are required, it is reasonable to predict that BTC will experience increased acceptance, macroeconomic changes, and price appreciation.

Read more: Tesla: $3.6 Billion Nevada expansion creating clean energy, US security, and 3,000 jobs

Get notified whenever we post something new!


Create a website from scratch

Just drag and drop elements in a page to get started with Newspaper Theme.

Continue reading

IRS: Information concerns to tax refund processing in 2023

Most Americans aren't surprised when they discover that the average tax refund is significantly smaller than it was a year ago after weeks of warnings. The average refund for early filers whose forms were completed by the Federal Revenue Service...

3 Republicans urge to reverse President Joe Biden’s intention to cancel student loan

President Joe Biden's student loan relief plan has now been met with a fresh method of obstruction from Republican senators. On Friday, Republican senators Bill Cassidy, John Cornyn, and Joni Ernst announced their intention to introduce a Congressional Review Act...

Inflation rates in February could not be positive news for your future Social Security; Here’s why!

Inflation surged from the beginning to the end of 2022, making it difficult for US households to satisfy their financial obligations. Several people ended the year in debt because they were unable to pay their payments on time. While inflation...

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.