However, analysts remain bullish for 2022. Antoni Trenchev, managing partner of crypto lender Nexo, forecasts Bitcoin to reach $100,000 by the end of June as he expects accommodative central bank policy to continue. Trenchev said: “Cheap money is here to stay which has huge implications for crypto,” as “the Fed doesn’t have the stomach or backbone to withstand a 10%-20% collapse in the stock market, along with an adverse reaction in the bond market,” Bloomberg reported. It isn’t that everybody is bullish on Bitcoin in the short term. Veteran trader Peter Brandt recently tweeted that Bitcoin’s bottoms usually occur after “high volume panic capitulation” and that has not yet happened. Bitcoin turned down from the overhead resistance at £39,299 and plunged below the 200-day simple moving average on December 29. The bulls have managed to defend the £34,031.76 support for the past few days but their failure to sustain the rebound above the 200-day SMA indicates selling by the bears at higher levels. The downsloping 50-day SMA and the relative strength index (RSI) in the negative territory suggest that the path of least resistance is to the downside. If bears pull the price below £34,031.76, the BTC/GBP pair could resume its down-move. The first support on the downside is £30,000 but if this level gives way, the decline could extend to £26,845. The first sign of strength will be a break and close above £36,000. Such a move will suggest that bulls accumulated on dips to £34,031.76. The pair could then rise to £39,299 where the bears may again mount a strong resistance. A break and close above this level will indicate that the downtrend could be over. Lastly please check out the advancement’s happening in the cryptocurrency world. Enjoy the issue! Featuring in this weeks Edition: - Funganomics - Mine Network - Quizarena - Hubble Protocol - Bitshiba - Solidus - DeGeThal - DeepSquare - Mirai Labs Read More CRYPTO TRADE OPPORTUNITIES Russia’s Largest State-Owned Bank Introduces Country’s First Crypto and Blockchain ETF Crypto Investment Fund CEO Predicts Big Shakeout of Ethereum Competitors As Bitcoin Replaces Gold Ethereum NFT Market Soars in First Days of 2022 After OpenSea Marks Another $3B Month Bitcoin holdings of public companies surged in 2021 Quizarena Ecosystem Explained! Solidus AI Tech: The future of AI services in Europe! The Importance of DeGethal and DTM Tokens Mirai: A sustainable ecosystem based on DeFi, NFTs and GameFi#Funganomics #MineNetwork #Quizarena #HubbleProtocol #Bitshiba #Solidus #DeGeThal #DeepSquare #MiraiLabs #CryptonaireWeekly #platinumcryptoacademy #Binance #Bitcoin #Ethereum #Ripple #Litecoin #Ecosystem #DayTrading #BTC #digitalcurrency #digitalcurrencymarket #DayTrading #Cryptocurrencyexchanges #digitalexchange CW - Website Work https://www.platinumcryptoacademy.co...h-january-2022
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06-01-2022, 07:08 AM #1
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Cryptonaire weekly magazine 215th edition is out now
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08-01-2022, 10:24 AM #2
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You're always welcome.
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08-01-2022, 08:46 PM #3
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Hey, fellow traders, LiteFinance is currently giving away iPhone 12 & 13 pro max, So, if you feel interested you can check it out through their website.
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11-01-2022, 06:11 AM #4
The selection of the existing broker must be able to be considered carefully, this is done so that traders can be more leverage in getting the security and comfort of trading while on a real account with Tickmill.
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