Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Bitcoin is recovering
by
Russlenat
on 24/12/2021, 16:10:16 UTC
Quote from: ReiMomo on Today at 04:05:28 PM
Quote from: onecall123 on Today at 03:02:55 PM
Quote from: wajik-tempe on Today at 02:54:37 AM
Quote from: STT on Today at 02:12:49 AM
This recent move is best case scenario pretty much for the shorter term.  Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance.   Its past weekly average and upto the monthly average about here now, decent looking 4hr bars on the chart; still more work required to extend this positive out further still and build.

Still need more further information about how this going, usually near christmas market going red cause of holiday, this year has many surprice and make usual decision becomes scared to take, me personally are not going to take any decision yet since the market still in sideways and let it calm first before entering a trade.
But anyway, let's hope this is the start of the new bull run.
This year has brought many surprises with many uncertainties. Over the level of 50K, which has become a new level of support, Bitcoin is trying to gain a foothold. The good thing is that Bitcoin is still attracting investors. In general, currency accumulation marks the beginning of the bullish trend.

Yes the number of investors have grown huge in 2021. Bitcoin ATHs this year has alerted many investors about crypto's growth. Yes, I heard that Investors from share market, have started investing in crypto currency especially on Bitcoin and this has brought down the trading volume in share markets. This created a demand. Today I could observe that many altcoins were bullish. Hope the trend continues and yes Bitcoin hits its next ATH by Jan 2022.


I can see the recovery but it's not completely bullish yet.

Bitcoin is now back at $50k, but it's very crucial to know if it will be able to hold and stay at that value for a while since for the past weeks, bitcoin were only trading below $50k after the huge dump that happen this month. We only have a week before the end of the year, let's hope the market will end in a bullish way so we will have a great start next year.