CRYPTO NEWS - Bitcoin Recovered for Allmost 50k - Market is in Green and Going Up
CRYPTO NEWS - Bitcoin Recovered for Allmost 50k - Market is in Green and Going Up
00:05 Intro
01:48 Crypto News
02:17 Bitcoin News
03:32 Ethereum News
04:15 Bitcoin Technical Analysys
05:40 Ethereum Technical Analysys
06:01 Crypto Market News
08:18 Outro
BTC is still in a downward channel, stopping at the $47,000 support level, which coincides with the lower limits of the 200-day moving average (MA).
The sell-off in the stock market before Christmas is also affecting the bitcoin market. In case the bulls win and the downtrend breaks up, we could see a sharp jump in value all the way to the $60,000 level. A negative scenario could drop the price of "digital gold" to the level of $30,000.
It is necessary to make trading decisions and not to make hasty conclusions, because the Christmas period is characterized by low market liquidity. It is worth waiting for the end of the holidays for subsequent changes on the BTC chart.
Despite the fact that the price level of ETH is below $4,000, the bulls do not allow the price to fall below this zone. Throughout the past week, the price has held close to this level. Under positive circumstances, the price can easily break it, because at the moment the bulls are not ready to concede to the bears, which suggests that no unambiguous conclusions are possible in the current situation.
However, as it was already mentioned in the BTC parsing, a decline in trading activity from traders in Europe and the US is expected on the eve of the Catholic Christmas, which will reduce liquidity in the market. This suggests rapid price movements in both directions - collecting stops.
Be careful when making trades and be guided by the fact that all significant changes in the value of ETH will occur in the period after the holidays.
#ethereum #bitcoin #cryptocurrency
00:05 Intro
01:48 Crypto News
02:17 Bitcoin News
03:32 Ethereum News
04:15 Bitcoin Technical Analysys
05:40 Ethereum Technical Analysys
06:01 Crypto Market News
08:18 Outro
BTC is still in a downward channel, stopping at the $47,000 support level, which coincides with the lower limits of the 200-day moving average (MA).
The sell-off in the stock market before Christmas is also affecting the bitcoin market. In case the bulls win and the downtrend breaks up, we could see a sharp jump in value all the way to the $60,000 level. A negative scenario could drop the price of "digital gold" to the level of $30,000.
It is necessary to make trading decisions and not to make hasty conclusions, because the Christmas period is characterized by low market liquidity. It is worth waiting for the end of the holidays for subsequent changes on the BTC chart.
Despite the fact that the price level of ETH is below $4,000, the bulls do not allow the price to fall below this zone. Throughout the past week, the price has held close to this level. Under positive circumstances, the price can easily break it, because at the moment the bulls are not ready to concede to the bears, which suggests that no unambiguous conclusions are possible in the current situation.
However, as it was already mentioned in the BTC parsing, a decline in trading activity from traders in Europe and the US is expected on the eve of the Catholic Christmas, which will reduce liquidity in the market. This suggests rapid price movements in both directions - collecting stops.
Be careful when making trades and be guided by the fact that all significant changes in the value of ETH will occur in the period after the holidays.
#ethereum #bitcoin #cryptocurrency
