Bitcoin (BTC) and Binance Coin (BNB) Lose Investors to The Hideaways (HDWY)

by James · October 10, 2022

Currently, BNB, especially after a $600 million hack on the BSC chain, and BTC are over 60% down from an all-time high, both in a bear market.

Bull markets indicate prosperous economic conditions. It signals a market uptrend and is often accompanied by confident investor sentiment about the current uptrend.

Meanwhile, a bearish market is the opposite. In a bear market, the cryptocurrency value drops by at least 20% and will continue to 98%.

Price predictions for popular cryptocurrencies such as Bitcoin (BTC) and Binance Coin (BNB) indicate that they will be in a bear market for another 400-600 days, or until the next “halving”.

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Bitcoin Prices Fall Back on the Brink of a ‘Death Cross’

Bitcoin (BTC) is struggling and approaching a “death cross”, making it unlikely to break out in a bullish direction. Recent chart patterns show that BTC’s short-term moving average (MA) has dipped below the long-term MA.

BTC fluctuated between $18,000 and $19,000 in the past week, trading below the $20,000 mark. BTC is currently priced at $20,125 per write.

The week started with a bearish candle that was well below the 100 daily MA until an unexpected price rally caused prices to fall rapidly.

Since its introduction in 2009, the 20-week moving average of BTC has never fallen below the 200-week MA, prompting investors to explore other cryptocurrency projects such as The Hideaways (HDWY).

Binance Coin is losing its credibility

During the bull market from 2020 to 2021, the price of BNB rose significantly, leading to a sharp increase in the coin’s and cryptocurrency’s overall popularity. However, things took a turn for the worst in December 2021 when the cryptocurrency market began to collapse.

Because of this, economists predict that if the crucial $200 support is breached, a further drop to $40 will be impossible to avert.

Currently, BNB is working hard to reach a bullish trend line. Recently it has reached a turning point when BNB is up against $292 resistance. Depending on the RSI movement, volume and fundamentals, every currency that faces resistance is always at risk of rejection.

As for BNB, the RSI is overbought with minimal volume and no significant development.

The Hideaways will have an eventful year

One of the most promising cryptocurrency initiatives for 2022 and 2023 is The Hideaways. HDWY brings the real world into the virtual worldwhile most other crypto initiatives are only focused on creating virtual assets.

People can invest in real estate through HDWY.

Investors will cast a vote to decide which homes to buy. All NFT owners will receive rental income from NFT propertieswhich is professionally maintained. For $100, you can earn a minimum of 20% passive income from rental returns and events held at the properties.

Furthermore, The Hideaways ensures that all its investment transactions are safe and secure. SolidProof is carrying out an audit of the HDWY smart contractwhich ensures a transaction free from fraud.

To learn more about The Hideaways, visit:

Website: https://www.thehideaways.io/
Advance sales: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter:

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