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Research shows that the lack of understanding of bitcoin is the biggest obstacle to the use of bitcoin

2022-05-27
1228
Fundamental analysis:

Bitcoin remained volatile around 29599, and cash app's parent company block A new international study by Inc shows that the lack of understanding of bitcoin is the main reason why people don't buy it. The survey, conducted in January and February, focused on 14 countries. 51% of respondents said that the main reason why they did not buy bitcoin was that they "didn't know enough about bitcoin".


Bitcoin BTC / usdt - 4-hour K-line diagram display:




Technical comments: it has been maintained in the weak narrow range consolidation and translation in the Bollinger belt index channel for a long time. After falling below the Bollinger belt index in a short time, it has a rapid recovery and consolidation. The Bollinger belt index is in a closing trend, the MACD index is in a weak hovering position near the 0 axis, and the RSI index is in a weak narrow range consolidation position near the 50 equilibrium line;


Long short turning point: 30136


Pressing position: 31230, 32256


Support position: 28768, 27878


Trading strategy: bearish below 30136, target 28768, 27878


Alternative strategy: bullish above 30136, target 31230, 32256


The above analysis is a personal point of view and is for reference only.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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