Fundamental Development:-
What will cryptocurrency market look like in 2027? Here are 5 predictions
The year is 2027. It’s a time of great innovation and technological advancement, but also a time of chaos. What will the crypto market look like in 2027? (For those unfamiliar, that's a line from the 2011 video game, Deus Ex.)Long-term predictions are notoriously difficult to make, but they are good thought experiments. One year is too short a period for fundamental changes, but five years is just enough for everything to change.Here are the most unexpected and outrageous events that could happen over the next five years.
Short Term Technical View: On daily period, BTC is trading below 200 simple moving averages and trading above previous day high. Yesterday BTC made High 23,280 and took support from 22800 levels. Yesterday it made low near $22,800.Bitcoin is struggling to gain momentum above $24,200.
Alternative Scenario: If Bitcoin fails to clear the $24,200 resistance zone, it could start another decline. An immediate support on the downside is near the $23,300 level.
Hourly MACD – The MACD is now gaining pace in the bullish zone.