The Most Realistic Bitcoin Prediction For 2022 Is Out

It’s been just revealed that an important crypto trader revealed what he believes Bitcoin will be doing from now on in 2022. Check out the latest reports below.

It’s been just revealed that a closely followed crypto trader is unveiling what he believes is the most realistic price path for Bitcoin (BTC) for the rest of the year.

In a new strategy session, trader Kevin Svenson said that he’s keeping an eye on the 20-month exponential average (EMA). He said that this has been key in signaling reversals in the long-term trend of Bitcoin.

“When the price of an asset is on an uptrend and then it catches up with the long-term moving averages, usually that’s a sign that the trend is dying down. The momentum is lost. If you cross below them, that is a bearish signal.”

Svenson highlights that the 20-month EMA was a reliable indicator of major trend shifts during the 2014 and 2018 market cycles.

“That happened over here in 2014. If we go over here in 2018, [we had] a major run-up. Trend starts to go sideways after the run-up, and then we meet the long-term moving averages. We closed below that. It’s a bear market.”

Check out the original article posted by the Daily Hodl in order to learn all the available details about this prediction.

The world’s biggest podcaster, Joe Rogan addressed Bitcoin. Check out what he had to say about the king coin:

“I think of Bitcoin the same way I think about the early internet.” – World’s biggest podcaster Joe Rogan pic.twitter.com/HmDZqyVIf6

— Bitcoin Magazine (@BitcoinMagazine) May 7, 2022

Someone commented: “Joe Rogan is a brilliant man that understands a good technology like Bitcoin. Not only did he say that he thinks of Bitcoin as the early internet, he also said it’s a viable means of payment and that the government didn’t see it coming. Bitcoin is truly an amazing technology.”