empty
23.11.2021 05:13 PM
Bitcoin and Ethereum: Correction is not a hindrance for investors

This image is no longer relevant

Investors are not worried about the corrective move in Bitcoin, which is about 19% from the peak. Based on the weekly report on the actions of institutional investors, there is a cash inflow between November 15-19 in the amount of $154 million. The lion's share of the total volume was absorbed by Bitcoin - $114 million. Ethereum received an inflow of funds in the amount of $14 million, while ETH absorbed approximately $80 million from the piggy bank of institutional investors in 4 weeks.

As for new blockchains, investors prefer Solana, which saw an inflow of investments amounting to $43 million over the past month.

Based on the data obtained above, one can see a positive attitude among professional market participants, given that it lasts more than 1 year.

Let me remind you that the head of MicroStrategy predicted a similar trend towards digital assets back in the fall of 2020, saying that other private firms would follow the example in the next six months.

Now, news that companies, funds, institutional investors have acquired X-volume of digital assets comes on a weekly basis.

Example

The mobile software and blockchain company Phunware (PHUN), which is listed on the Nasdaq exchange, has increased its Bitcoin investment by 398 BTC (approximately $23.8 million at an average price of $59,917). News from November 22.

A similar trend for digital assets will remain on the market for a long time, so it is still very early to store Bitcoin.

What is happening on Bitcoin and Ethereum trading charts?

Between November 10 and November 23, the Bitcoin exchange rate dropped by more than $13,000, it may seem that we are dealing with a collapse, but this is not so. Analyze the trading chart from the end of July to the current day, you will see an upward trend, where the existing decline is considered a clock component of the trend.

Thus, the chance of further growth is high, market participants are focused on this, who view the correction as an opportunity to build up a portfolio with digital assets.

Expectations and prospects

The corrective move will soon be completed, the maximum deviation of the rate at the current moment is possible up to the psychological level of $50,000. The recovery of the BTC value is likely to be inertial, as it happened earlier in history. The local maximum in the face of the value of $69,000, most likely, will not become an obstacle for buyers, therefore, it will be broken when prices converge. The strongest level may well be the value of $70,000.

The medium-term perspective, as before, considers the strengthening of Bitcoin towards the level of $100,000.

As for Ethereum, the correction over the same period was about 18.5%. The area of the psychological level of $4,000 serves as a pivot point, relative to which there was a reduction in the volume of short positions.

In this situation, a stepwise upward move is considered; the strongest signal to buy ETH will come from the market when the price is holding above $4,500.

The price development prospect is still considering a $5000 = 1 ETH forecast.

This image is no longer relevant

The index of emotions (aka fear and greed) of the crypto market is at the level of 33 points, which is justified due to the corrective move. Based on the dynamics of the index, there is a convergence with the area of a possible change in trade interests. Thus, expectations of an increase in the value of digital assets may soon be confirmed in the market.

This image is no longer relevant

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar con Bitcoin el 16 de mayo según el sistema ICT

El Bitcoin ha subido $31 000 literalmente en un mes, sin tener razones de peso para ello y sin mostrar una sola corrección o retroceso. Incluso ahora, después

Paolo Greco 07:25 2025-05-16 UTC+2

Recomendaciones para operar con Ethereum (ETH) el 16 de mayo según el sistema ICT

Ethereum sigue estrictamente la trayectoria del Bitcoin. La "segunda criptomoneda" continúa su ascenso, que en la última semana se ha convertido en un vuelo propulsado. Sin embargo, esto

Paolo Greco 07:25 2025-05-16 UTC+2

Recomendaciones para operar con el Bitcoin el 15 de mayo según el sistema ICT

El Bitcoin continúa con un crecimiento muy fuerte y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido 31 000 $, recuperando por completo la caída

Paolo Greco 07:31 2025-05-15 UTC+2

Análisis del par BTC/USD. El 14 de mayo. ¿El Bitcoin apunta a una nueva tendencia "alcista"?

El tipo de cambio del instrumento BTC/USD ha aumentado significativamente en las últimas semanas, la demanda crece prácticamente a diario

Chin Zhao 07:22 2025-05-14 UTC+2

Recomendaciones para operar con el Bitcoin para el 14 de mayo según el sistema ICT

El Bitcoin continúa su fuerte crecimiento y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido $31 000, anulando por completo la caída causada por "Trump"

Paolo Greco 07:22 2025-05-14 UTC+2

Recomendaciones para operar con el Bitcoin (BTC/USD) el 13 de mayo según el sistema ICT

El Bitcoin continúa su crecimiento explosivo y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido $31 000, eliminando por completo la caída provocada "por Trump"

Paolo Greco 07:22 2025-05-13 UTC+2

Recomendaciones para operar con el Bitcoin (BTC) el 12 de mayo según el sistema ICT

El Bitcoin continúa con un crecimiento muy fuerte y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido $30 000, neutralizando completamente la caída provocada

Paolo Greco 09:05 2025-05-12 UTC+2

El Bitcoin no se detiene: de $96 600 a $104 500 en un solo día

El Bitcoin actualizó el nivel de $104 500, aunque ayer por la mañana se negociaba a $96 600. La consolidación por encima de los $100 000 indica claramente el retorno

Jakub Novak 10:30 2025-05-09 UTC+2

Análisis del par BTC/USD. El 9 de mayo. El Bitcoin sigue batiendo récords

El conteo de ondas en el gráfico de 4 horas del instrumento BTC/USD se ha vuelto más complejo en los últimos meses. Observamos una estructura correctiva descendente que finalizó

Chin Zhao 07:45 2025-05-09 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 8 de mayo

El Bitcoin se detuvo a un paso de los $100 000, y el Ether logró alcanzar la marca de $1900. Este fuerte crecimiento del mercado de criptomonedas confirma

Miroslaw Bawulski 11:15 2025-05-08 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
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.