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BTC price is back to $17.2 thousand

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Bitcoin continues sideways movement as BTC price returns to $17.2K – Dec 8, 2022

The largest cryptocurrency asset It holds above the $16,700 support as bitcoin price returns to the $17.2k barrier. In the recent price action, the largest cryptocurrency surged to a high of $17,436 before being pushed back. Bitcoin will regain positive momentum after conquering the $17,297 and $18,150 levels.

Bitcoin price statistics data:
• Bitcoin price now – 17209.10 dollars
• Bitcoin market value – $330,920,132,047
• Bitcoin circulating supply – 19,228,456 BTC
• Total Bitcoin Supply – $361,426,910,638
• Bitcoin Coinmarketcap Ranking – No. 1

resistance levels: $50,000, $55k, $60k
Support levels: $25,000, $20,000, $15,000

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Bitcoin (BTC) price re-established the bullish momentum and maintained above the 21-day simple moving average. The cryptocurrency rose to a previous high of $17,297 after recovering above the $16,800 support. The current rise will be the third since November 30. Buyers are working nonstop to restart the uptrend. Bitcoin is currently trapped between the moving average lines. On the upside, BTC price will rise on the 50-day SMA if buyers can clear the barrier at $17,297 and $18,150. If the positive momentum stays above the moving average lines, the value of the cryptocurrency will increase. The cryptocurrency asset is expected to recover the asset Highs are $20,000 and $21,500.

US Senator Ted Cruz, a Bitcoin hardliner, wants Texas to be a crypto oasis

US Senator Ted Cruz wants to turn Texas into a haven for Bitcoin and other cryptocurrencies. The lawmaker expressed his understanding of how the functioning of cryptocurrency is vital to America’s energy supply and technological advancement during a speech at the Texas Blockchain Summit 2022 in late November.

Cruz claimed that bitcoin mining could be used to commercialize the energy generated by oil and gas production, stating that the mining activity could be used as an alternative to traditional methods of energy storage and supply. The senator emphasized that Texas is an attractive location for the US cryptocurrency industry as it has plentiful and relatively inexpensive electricity and supports free enterprise. Cruz also revealed why he considers himself a big fan of bitcoin: “I love bitcoin because the government can’t control it.”

BTC/USD – daily chart

However, Bitcoin is bouncing above the 21-day SMA line as BTC price is back to the $17.2K barrier. At the $17,400 resistance level, the bullish correction is currently facing another rejection. Buyers are having a hard time breaking through the latest rally. If Bitcoin finds it difficult to break these crucial levels to the upside, the move could remain range bound.

However, Bitcoin recovered above the $16,700 support and started retesting the $17,297 resistance area. Traders and investors will make predictions about whether or not the decline is over. to implement Dash 2 Trading become necessary as a result. Dash 2 Trade strives to help all traders become more skilled scalpers. This is because developing robust ways to open profitable trades requires the use of good risk control settings. A D2T pre-sale is going on right now, but time is running out. As product development is ahead of schedule, pre-sale dashboard appearance will happen soon. Almost $9.5 million has been raised through the prequel so far.

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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