Bitcoin (BTC) Price Analysis – Daily Updates On March 31 – Move To Earn New Trend In 2022

With the bullishness of the game, Move-to-earn StepN build by Find Satoshi Lab, an Australian-based fintech studio. The team won the 2021 Solana Ignition Hackathon Gaming Track and is part of DeFi Alliance Gaming cohort. Trend move-to-earn that appeared before as project Genopets has grown strongly. Some prominent names with strong growth in recent days can be mentioned such as: Dose (x3 in 24h), GMT (x3 in 2 days), Calories (x2 in 24h).

Explaining the growth of StepN, after a period of hot growth of gamefi including AXS, this market has cooled down, leading to a series of spin-off games having projects dead or standing still. StepN with winning background Solana Ignition Hackathon Gaming Track supported by Solana with stable profit just buy a pair of shoes and you can make money inviting non-crypto Runners to participate in large numbers. When the market starts to go green again, any trend will make participants believe that it will grow like a gamefi for a while. It is understandable that the current crypto market is all about uptrend and move-to-earn.

BTC Technical Analysis

BTC/USDT daily chart | Source: TradingView

Looking at frame day we will see BTC is sideways in the price range: $46,400-$48,200. The daily closed candle with a spinning top shows the dispute between the bulls and the bear, however if you look at the previous candles and volume you can see that the buying volume is overwhelming. Price still trading above EMA 34,89 and two exponential Moving Average tend to form a bullish crossover, all for a short term uptrend.

4h chart – BTC

BTC/USDT 4h chart | Source: TradingView

Looking at the 4h frame, the bollinger band is constricting plus BTC is sideways and then up, it is expected that the BB will pump to the sides and BTC will go up and touch the upper part of the BB. Currently, BTC price is still trading stable above EMA adding good buying volume, expect BTC to sideway in $46,400-$48,200 and move up.

Signal: Look to buy around the lower edge of the box, or wait for BTC to break out of the adjust and buy. Target expected $50,000-$52,000.

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DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.

Alan

Coincu Ventures