Bitcoin Analysis: Week of Dec 21 (Happy Holidays)
Last Week we concluded with the following: We are on the very edge of turning fully bearish for the near futures. At the moment the short-term view is set up for a small bounce to the US$365 levels, but after that we will most likely see more downside. The intermediate term view is sitting right on the edge and we would need a break back to US$380 and above next week to change that. US$340 is the critical number to watch. “The smartest thing Satoshi ever did is to remain anonymous, and in this day and age, you can imagine how difficult that must have been.”
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Happy Holidays from the NewsBTC team. We come bearing gifts. We’ve got the cure for those suffering from cryptocurrency withdrawal syndrome. Spend the evening learning about Bitcoin in the most relaxed way possible. These five films were released throughout 2021 and contain the alpha everyone needs for the years ahead. At least the first four do, the fifth one has nothing to do with Bitcoin except for one small detail. Related Reading | The First Interactive NFT in the World – VR Movie on Mars Our sister site Bitcoinist covered the films and most of the accompanying text comes....
Bitcoin has a tendency to spike on Monday and Tuesdays after a quiet weekend with little news. New money is flowing into the different Bitcoin-exchanges and people want more action. This time it is a bit special since it's the little Christmas eve. I believe that Bitcoin might rise with more than 10% on Monday. And here is why I believe so: There will be very little negative news about Bitcoin during the Christmas holidays. Governments (that can make most of the bad news) are off to their own holidays. People are in a happy mood where they want to see positive news. This will keep....
Stack Funds’ analysis suggests that Bitcoin’s floor price has yet to be found as the Chinese New Year approaches. The upcoming Chinese New Year holidays on Feb. 12 could have an indirect impact on the Bitcoin (BTC) price and drive sell-offs on the market, according to a recent analysis. Per a Jan. 28 report by cryptocurrency investment firm Stack Funds, the ongoing selling pressure on the Bitcoin price is likely to continue in the short term due to Asian miners increasingly offloading their funds amid the upcoming week-long holiday.With more than 60% of global Bitcoin mining pools are....
Happy Hippos NFT, a collection of programmatically, randomly AI-generated NFTs on the Ethereum Blockchain. It is accessible through the Infinity8.io platform, a philanthropic NFT marketplace that won the Best NFT Marketplace Award 2021. In Happy Hippos the first generation consists of 8888 Hippos assembled from over 1 million options. Happy Hippos NFT has announced the […]
Yesterday, the price of Bitcoin was near $420 almost all the time. A Lack of news and the calm actions of investors made yesterday a quiet day in the market. Today at 3:00 p.m. London time we expect the publication of consumer confidence in December data in the US. The forecasted number of 93.3 against the previous 90.4 should have, a weak, but positive impact on the Dollar. If this indicator exceeds the forecasted number by two points, than the Dollar may get a very strong signal for growth. Today, December 29, the sideways trend is expected to continue in the corridor of $415-$440. The....