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CRYPTONAIRE WEEKLY MAGAZINE 214TH EDITION IS OUT NOW
The #1 CRYPTO TRADING MAGAZINE
The US equity markets are witnessing a Santa rally but Bitcoin has been left behind as it has been trading near the $50,000 level for the past few days. As the year comes to an end, the focus shifts to what Bitcoin could achieve in 2022.
Mexico’s third-richest person Ricardo Salinas Pliego in his Twitter message called out fiat currencies, the Dollar, the Euro, or the Yen as “fake money made of paper lies.” He told investors to “steer clear of fiat money” and “invest in Bitcoin.”
Bitcoin broke and closed above the downtrend line on December 23 but the bulls could not sustain the momentum and push the price above the overhead resistance at £39,299.
This suggests that bears have not yet given up and are selling on rallies. The BTC/GBP pair has turned down from the overhead resistance and could now drop to the 200-day simple moving average.
The downsloping 50-day SMA and the relative strength index (RSI) in the negative zone indicate that bears are in control. If bears pull the price below £34,000, the
selling could intensify and the pair could extend its downtrend. Alternatively, if the price rebounds off the 200-day SMA or the support at £34,000, it will suggest that bulls are aggressively buying at lower levels. The pair could then remain range-bound between £39,299 and £34,000 for the next few days.
A break and close above £39,299 and the 50-day SMA will indicate that the downtrend could be over. The pair could then rally to £45,000 and later retest the all-time high at £51,000. We will wait for the price to break and sustain above £39,299 before recommending a trade in it.
Lastly please check out the advancement’s happening in the cryptocurrency world.
Enjoy the issue!
Featuring in this weeks Edition:
- Xanto
- Bitshiba
- bitcci
- World Mobile Token
- Smartchem (SMAC)
- DeGethal
- Deepsquare
- Mirai Labs
- Candao
- Solidus
- Fren
Read More
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bitcci – Revolutionising The Sex Industry
Intelligent Fluids: The chemical industry embraces blockchain!
The Importance of DeGethal and DTM Tokens
Mirai: A sustainable ecosystem based on DeFi, NFTs and GameFi
XAN – Xanto Biotech Firm Launches Native Token XAN
#Xanto #Bitshiba #bitcci #WorldMobileToken #Smartchem(SMAC) #DeGethal #Deepsquare #MiraiLabs #Candao #Solidus #Fren #CryptonaireWeekly #platinumcryptoacademy #Binance #Bitcoin #Ethereum #Ripple #Litecoin #Ecosystem #DayTrading #BTC #digitalcurrency #digitalcurrencymarket #DayTrading #Cryptocurrencyexchanges #digitalexchange
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214th Latest Crypto News Digital Magazine | 28th December 2021 - Platinum Crypto Academy
28TH DECEMBER LATEST CRYPTO NEWS DIGITAL MAGAZINEThe US equity markets are witnessing a Santa rally but Bitcoin has been left behind as it has been trading near the $50,000 level for the past few days. As the year comes to an end, the focus shifts to what Bitcoin could achieve in 2022.Mexico’s third
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