Bitcoin Breaks New Resistance

In recent weeks, Bitcoin has returned to the spotlight by breaking important resistance, reaching a new price level. For those who follow the cryptocurrency market, this is great news, but you may be wondering:

What does this break mean and why is it important for Brazilian investors?

Let's understand what is happening with Bitcoin, how this movement impacts those living in Brazil and why the Deriv brokerage can be a great option for those who want to take advantage of this investment opportunity. What is a Resistance Breakdown? To begin with, it is important to understand the concept of resistance in technical analysis. Resistance is a price level where the asset, in this case Bitcoin, finds it difficult to pass. In other words, it is a level where sales tend to increase, preventing the price from rising freely. When the asset manages to "break" this resistance, it opens up space for new appreciation, as this demonstrates significant buying force.
In the case of Bitcoin, this breakout is even more significant. Digital currency has already proven itself as an asset with great long-term appreciation potential, but its volatility has always been a factor that keeps some investors away. Each time Bitcoin breaks a major resistance, more people and financial institutions around the world gain confidence to invest, which helps sustain price growth.

Why is this break important for Brazilians?

Bitcoin's disruption is important for Brazilians for several reasons, especially in the country's current economic context. The Brazilian currency, the real, has suffered from inflation and devaluation against the dollar. In this scenario, Bitcoin presents itself as a viable alternative for asset diversification and protection against inflation.

Protection Against Devaluation of the Real

The real has lost considerable value in recent years, which means that Brazilians have less purchasing power in the international market. Bitcoin, on the other hand, is seen by many as a store of value similar to gold, protecting assets against the devaluation of the local currency.

Global Market Access

Investing in Bitcoin allows Brazilians to have exposure to a global financial market, which can be advantageous in times of economic uncertainty. Unlike traditional investments such as local company shares, Bitcoin is a global asset that can be traded 24 hours a day.

Long-Term Earnings Opportunity

Historically, Bitcoin has shown significant growth, especially in periods after important resistances have been broken. For the Brazilian investor, who seeks better returns than those offered by traditional fixed income products, Bitcoin represents an investment alternative with higher appreciation potential.

How to Take Advantage of This Opportunity? Get to know Deriv Broker

If you are interested in investing in Bitcoin and taking advantage of this resistance breakout, it is essential to choose a reliable broker to carry out your operations. Deriv is one of the brokers that stands out in the market for its easy-to-use platform and diverse asset options, including cryptocurrencies.

Why is Deriv a Good Option?

User-Friendly Interface: Deriv offers an intuitive and accessible platform for both beginners and experienced investors. Security: The broker has robust security measures to protect its clients' assets.
Product Diversity: In addition to Bitcoin, Deriv offers several other cryptocurrencies and assets for investment, allowing the user to diversify their portfolio with ease.
Analysis Tools: The platform also offers technical analysis tools that can help you understand buying and selling moments, making better use of market opportunities.

Conclusion

The recent disruption of Bitcoin is an important milestone and brings a series of opportunities for Brazilian investors looking for alternatives to protect and value their assets. In a scenario of economic uncertainty and inflation, Bitcoin stands out as an asset of global value, with the potential to help investors diversify their portfolio and protect themselves against the devaluation of the real.

If you want to take advantage of this opportunity, consider Deriv as a broker to start or expand your cryptocurrency investments. With the security and practicality offered by the platform, you can start exploring the Bitcoin market and other cryptocurrencies with more confidence. Join Deriv now and see how this broker can help you enter the world of cryptos and take advantage of market movements!

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