legal vacuum makes it difficult to regulate this area and set clear rules of the game. This legal vacuum needs to be eliminated as soon as possible. If we want somehow to get along with this activity, and we have no other options in the current reality, we must introduce legal.
An ascending triangle is a bullish continuation setup that occurs during an uptrend. The rise in prices confirmed their presence within an ascending right triangle formation, forming a series of lower highs on the lower trendline with resistance above.
Digital gold (Bitcoin) has plummeted to <$37k, while Gold has risen >$1900/oz. Correlation between digital & analog Gold is now even neg. Narrative that digital Gold is better way to escape has not panned out in Ukraine.
Reach and hold $45K would be absolutely key for bulls, this marking last week’s https://t.co/eFKxjjCEA5 part of the ongoing events in Canada’s Freedom Convoy protests, the government announced that it would expand Anti-Money Laundering surveillance to cover crypto transactions.
Bidding green box(es); would like to see a higher low set for continuation. Flip the 40-41k area as support and can start eyeing 47K which is PoB in confluence with yearly open and STH realized price. Final major area is 58k.
The U.S. dollar index (DXY), which measures the greenback’s strength against a basket of top foreign currencies, rose to 97.441 last Friday, logging its best level since July 2020. However, the index had corrected by nearly 1.50% to over 96.00 by Feb. 3.
Bitcoin price flatlines as XRP hits $1 with ‘massive’ altcoin move set for 2022.Encouraging signs are appearing across altcoin charts, Michaël van de Poppe says, while Bitcoin offers no surprises with a comedown from 10-day highs.
Hong Kong-based software and venture firm Animoca Brands has secured $358.8 million in capital investments to fuel new acquisitions in the nonfungible token (NFT), gaming and metaverse sectors, further cementing crypto’s biggest trends in 2022.
Second Life creator Philip Rosedale returns to the fold, Disney's patent for a "virtual-world simulator in a real-world venue” suggests an entry to the Metaverse, and Animal Concerts partners with South Korea-based Kakao’s Klaytn project.
Both saw BTC consolidate inside two Bull Market EMAs (i.e., green 21-week & blue 50-week EMA). If BTC is to repeat history, a capitulation event could take place where BTC briefly deviates below the blue 50 EMA.
Both moving averages are turning down and the relative strength index (RSI) is in the negative zone. If the price turns down from the 20-day EMA, the bears will try to sink the price below $45,456. the next leg of the downtrend to $42K and then to $40K could begin.
When China banned Bitcoin mining, global Bitcoin hashrate sharply fell, then nearly as suddenly recovered. Now the United States leads the world in hashrate, followed by Kazakhstan and Russia. Arcane believes miners will disperse even further into regions like Latin America.
What appears to be a “new player” starts flipping $50,000 to resistance after some brief Christmas cheer for Bitcoin bulls.BTC lost $50,000 for the first time in several days on Dec. 26 as exchange inflows caught up with the cautiously optimistic mood.