$ 45,000 is the key to the Bitcoin leap

John Bollinger, creator of the Bollinger Bands Index and one of the most well-known financial market analysts, has said that Bitcoin and Atrium are close to their price milestones and can take the opportunity to change their overall market trend.

To Report Youtudi, John Bollinger, a digital currency trader and analyst, tweeted that the $ 45,000 level was an important “turning point” for the bitcoin market.

Yesterday, the price of Bitcoin reached its highest level at $ 45,137, which is the peak price from March 2 (March 11, 1400). The digital currency then adjusted much of its jump to $ 44,200. However, the price of bitcoin has not dropped significantly since then.

Bollinger says the $ 3,200 level is the “turning point” of Atrium, the market’s second largest digital currency. The AltQueen traded near $ 3,195 yesterday, with its peak price on February 10 (February 21, 1400). Of course, after that, Atrium, like Bitcoin, corrected part of its leap. The price of this digital currency is currently around $ 3,125.

The creator of the Bollinger Bands indicator believes that Atrium’s growth in the next uptrend in the market may be higher than other digital currencies. That’s why he has asked his followers on Twitter to pay attention to this digital currency.

The price of Atrium versus Bitcoin has fallen 11 percent since the beginning of 2022, and market traders seem to want to minimize their risk by selling their coins.

In 2021, however, the price of Atrium rose by 403% against Bitcoin. The massive explosion of the NFT was one of the factors that contributed to the rise in Atrium prices this year. The popularity of these tokens increased so much in 2021 that a large part of this year’s news headlines were related to them.

Although Atrium has performed poorly since the beginning of 2022, many analysts believe that if a major upgrade of this digital currency network is made this year, it will attract the attention of many traders. The upgrade, which changes the network mechanism from proof-of-work to a new stock-proof model, is set to take effect this summer. After the implementation of this update, the energy consumption of the Atrium network will be reduced to 99.95%. It remains to be seen whether Atrium can continue to outperform Bitcoin in terms of market value.