#BTC rejected from the resistance drawn above. Now price about to reached a minor support area of $49,200 - $49500. There's an another minor support around $47,700 - $48,000. Price is about to test the 50 Period EMA on the level, so we're expecting a bounced from one of these levels, which may break the resistance zone.

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🔶Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month. With a lot of chatter about alternate crypto being superior bc of fees, $ETH is headed in the right direction.

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⁠Bitcoin rises above $51K as the dollar flexes muscles against the euro

Bitcoin regained its bullish bias after reclaiming $50,000 ahead of the yearly close, even its safe haven rival, the U.S dollar, signaled continued upside strength in the coming sessions. Crypto markets looking strong here.

https://ct.com/a7fr
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6Bn$ of options expiry on 31 DEC, price will be around this level 48k is the max pain level (Both buyers and sellers will lose lot of money if price stays at 48k, and this is what Crypto Market Makers want) After option expiry we can see a nice upward trading momentum going into the new year due to large institution redeployment.

Shorting on Low time frame is currently favourable but on Large time frames spot and low leverage buying is much better, DCAing into range lows of 45 - 46k
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Bitcoin price fell short of analyst $100K target in 2021, but what about 2022?

After this year’s monster rally, Bitcoin’s price is at a critical juncture. Analysts expect $100,000 in 2022, but what does technical analysis suggest?

https://ct.com/a7se
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Goldman Sachs latest paper from their Investment Banking Division

- Bitcoin is no 1 on their 2021 return scorecard
- Crypto is recognized as its own category
- Goldman Sachs sees a growth potential of Bitcoin from 100M users to 4 billion
- Acknowledged the growth potential exceeding Gold at 11.8 Trillion

Probably Nothing 🚀
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Whales moving massive amounts of cash to exchanges. This suggests Bitcoin accumulation 🚀

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⁠Here’s how traders capitalize on crypto market crashes and liquidations

Everyone’s a genius trader during bull markets, but there are also ways to generate profits during bear trends. Here’s how to capitalize on liquidations.

https://ct.com/a9fv
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#Bitcoin correction durations during larger impulsive uptrends.

2012: 154 days
2013: 161 days
2016: 280 days
2017: 105 days
2019 to 2020: 448 days
2021 onwards: 336 days

Cycles are lengthening.
Correction duration also extends.

Credits to: TechDev
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