Analysts predict an active movement in the price of bitcoin

• About 25% of investors believe that bitcoin has already passed the "bottom"
• BTC is expected to fall below $20 thousand by just over 11%market participants
• Bitcoin may show active movement in the near future

The analyst invited his 1.8 million subscribers to choose a range in which Bitcoin, in their opinion, could “find” a local minimum. Here are the results of the survey:

• 36.8% of respondents believe that the “bottom” of bitcoin, within the current cycle, can be fixed in the range of $30-35 thousand.
• 27.1% are confident that the local minimum of BTC will be recorded in the range of $20-30 thousand.
• 24.8% of PlanB subscribers believe that Bitcoin has already passed the “bottom”.
• 11.4% of analyst microblog readers are inclined to believe that the local minimum of BTC can be fixed below $20,000.

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Let us remind you that PlanB previously stated that within the framework ofgrowth cycle after the 2020 halving, BTC will be able to break through the $100 thousand level before the end of 2021. This was indicated by the signals from the S2F forecasting model he developed. Contrary to the analyst’s forecasts, the cryptocurrency ended the year near the $46 thousand level.

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Bitcoin S2F forecasting model PlanB

As of early April 2022,The analyst is inclined to believe that Bitcoin is currently in a bearish market (under selling pressure). By this logic, BTC will no longer be able, within the cycle until the next halving, to update the maximum. Let us remind you that the peak value of Bitcoin was recorded on November 10, 2021 at a height of $68,789. As of the time of writing, the coin is trading 43% cheaper.

Analyst Michael van de Popp noted that investorswill be able to see the active movement of Bitcoin in the near future. This is indicated by the results of technical analysis of BTC. A narrowing triangle has formed on the cryptocurrency chart.

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Bitcoin chart by Michael van de Popp

Upon completion of the figure, in the “body” of which there is a coinhas accumulated “energy” for further movement, Bitcoin may make a breakthrough. The choice of direction, from the point of view of technical analysis, will determine the further trajectory of the cryptocurrency in the near future. If you believe the PlanB forecast, most likely the coin will go into active decline.

Trader Johal Miles, in turn, drewattention to how BTC moves within the “framework” of Fibonacci levels. He noted that touching and sideways near the current level repeatedly ended for bitcoin with an exit to growth.

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Bitcoin movement along Fibonacci levels

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bitget	https://bitget.com	7.8
3	Huobi	https://huobi.com	7.2
4	AAX	https://aax.com	6.9
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability&#8212; stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services&#8212; futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.

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