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BTC price is set as a price recovery or impending crash

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Bitcoin price is in a narrow range as a price recovery or crash is imminent – December 30, 2022

BTC/USD The price remained stable above the $16,000 support as a price recovery or breakdown is imminent. Moving average lines or resistance near $17,000 stopped further upward movement of the market. Doji candles formed the price action.

Bitcoin price statistics data:
• Bitcoin price now – $16,591.79
• Bitcoin market value – $319,446,452,082
• Bitcoin circulating supply – 19,247,693 BTC
• Total Bitcoin Supply – $348,555,802,782
• 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 is currently consolidating above the $16,000 support but below the $17,000 ceiling. Since the price crash on November 9, bitcoin has fluctuated between $16,000 and $18,000. Buyers worked hard to break the current range-bound move, but the rally on December 14 repulsed their efforts. After the rejection on December 14, additional advances were capped below the moving average lines. However, when the price fell to as low as $16,444 and then recovered, the bearish momentum waned. If the bearish momentum remains below the $16,500 support, selling pressure might re-emerge. Also, if the $16,500 support level is breached, Bitcoin will move closer Below $16,000 and $15,588. On the positive side, the largest cryptocurrency will resume its range-bound advance if the $16,500 support holds. On the other hand, BTC price will rise and try to surpass $17,000.

Acquisition of Bitcoin Microstrategy is dividing the Cryptocurrency community

Software analytics firm MicroStrategy has raised holdings of Bitcoin (BTC). The cryptocurrency community has responded to the move with mixed opinions. In a recent tweet, MicroStrategy CEO Michael Saylor announced that the company has added another Bitcoin purchase. With this deal, the company now has 132,500 bitcoins, which it bought for a total of $4.03 billion, but it’s currently only worth about $2.1 billion. The majority of individuals praised the option, but some pointed out some potential problems. MicroStrategy’s CEO was praised by one audience member as a “rock star” who aims to bring banking to the unbanked. Some individuals have praised the new craze by pledging to embrace it and buy more bitcoin.

BTC/USD – 4 hour chart

Meanwhile, Bitcoin continued trading above the $16,000 level as a price rebound or crash is imminent. The bottom line is that a price retracement or breakdown will occur if there is a long-term consolidation near the resistance level.

Due to the instability of the market and the increasing consolidation of Bitcoin, traders can take advantage of Dash 2 Trade. You can benefit Dash 2 Trading To receive the helpful statistics, automated trading and recommendations you need to boost your trading and scalping profits. While the D2T token pre-sale is still going on, time is running out. The first appearance of the pre-sale dashboard will happen soon because product development is moving faster than expected. Through the pre-show, more than $12 million has already been raised.

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Blockchain

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.

Related

Dash 2 Tadawul – High Potential Pre-Selling

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  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

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

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