Over the weekend, Bitcoin was in the range of 33500-30900. There was a correction below 31K, yesterday evening, and was quickly bought back, the price of #Bitcoin again returned above 32K, and now Bitcoin is trading around 32800. Total CryptoMarket capitalization is at $979 billion and Bitcoin dominance index of 62.2%.

Equity markets opened positively. The dollar index declined, S&P 500 futures opened higher and are now around 3850.

On one hand, there seems to be no reason for a positive . Biden's $ 1.9 trillion package did not receive support from the Republicans, the corona psychosis is growing, a lockdown may be announced in France, and Biden today may sign restrictions on arrivals for non-US residents from the EU.

Democrats dominance in Congress and Senate, the aid package is likely to be accepted anyway. The number of hospitalizations due to coronavirus in the United States has dropped significantly. Most probably the stock markets will remain flat for the time being - they have not yet given money to grow, and there is too much money that they gave before for a significant fall in the markets.

On the cryptomarket, after moving in a narrow range between 31600 and 32600, a control short was made at those who like to place stops (yesterday's correction from 31800 to 30900), after which the price returned above 32600.

Bitcoin's flat gives altcoins to rise - the dominance index has dropped to values ​​that it has not been at since the beginning of December, Etherum is again above $1400. While option 2 is being worked out, which I spoke about a week ago (https://t.me/decryptedge/230).

Bitcoin's movement is very similar to June-July 2020, after a powerful growth from 6K to 9K, stayed in the range of 9000-10500 for almost 2 months. It seemed to many then that Bitcoin at 10K was expensive. But everyone remembers what happened next. The development of this option is a priority this week as well.

Interestingly, an American who won 731 million in the lottery was recommended to invest in Bitcoin. You can't argue with the recommendation, for the next couple of years only other crypto assets can overtake Bitcoin. Mad Money’s Jim Cramer Advised the $731M Powerball Jackpot Winner to Put 5% in Bitcoin. Cramer said: “When you are super rich like this, your main worry is not the taxman. You’ve got to be worried about inflation, specifically hyperinflation, that’s the only thing that can really threaten the nine-digit fortune.” Source | News.bitcoin.com

The previous lottery winner bought Bitcoin in May 2019. The Illinois resident won $ 500,000 in the lottery and invested half in bitcoins in May. The winnings amounted to approximately $ 357 thousand after tax. His investments in the first cryptocurrency amounted to about $ 178 thousand. Back on 19th April 2019 Bitcoin was trading in the range of $5500-6000. Meaning he acquired approximately 29.6BTC at the price of $6000. Fast forward to date. 29.6BTC is now up $992,662.64 If he is not a deer and did not sell Bitcoin cheaply, he has now earned several times more than he won. 457% gain to be precise.

Wishing you a great week ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

#Bitcoin reached highs at 34880 during the day, after which it went down. Surprisingly last night, the price dropped to 31745, but the correction was redeemed, Bitcoin returned above 32K, now it is trading at 32400. Total CryptoMarket capitalization is at 960 billion with a BTC dominance index of 62.9%

Stock markets were flat yesterday. The Dow Jones fell 0.41%, the S&P 500 rose 0.36% to close at 3855.36, the Nasdaq rose 0.69%.

Biden's plan for a 1.9 trillion bailout package is meeting resistance in Congress, and it may take 1-1.5 months to overcome this resistance. Biden continues the policy of protectionism, contradictions with China are growing. On the positive side, the Governor of California cancels self-isolation.

The dollar index is around 90.3, S&P 500 futures are declining, oil is also, and gold is showing a slight increase.

Nothing has changed much on the crypto market. Bitcoin continues to work out the option of consolidation between 30 and 40K, which we spoke about here a week ago, as a priority. The main risks are FUD. Interesting positive news The Marathon company (the largest miner in the United States), bought Bitcoin for 150 million dollars. In November 2020, the company reported record quarterly revenue. Given that Bitcoin has more than doubled since then, the record will clearly be broken. SkyBridge Capital (investment company) announces the growth of Bitcoin to 500K. They did not mention the timing). Law firm Hogan & Hogan considers it unlikely that XRP will be recognized as a security, and believes the litigation will simply result in a fine.

From the bad: this is where FUD thrives. The Canadian company NexTech AR Solutions has announced the sale of all its Bitcoins, allegedly due to the news that it has a critical vulnerability.
I don't think they are idiots. This means FUD is being prepared. #JPMorgan suddenly announced that Bitcoin cannot rise above 40K, after earlier quoting saying bitcoin could rise to $146,000 long term as it competes with gold. In some ways I agree, we gave an analysis here about the movement in the range of 40K-30K for several weeks. If they found it necessary to state this, then they clearly want to buy at the lower end of the range.

At the forum in Davos on January 25 and 28, cryptocurrencies will be discussed separately. Based on who is there, it is unlikely that something good will be said. Most likely, phrases about crime, money laundering and terrorist financing will be heard. There may be a FUD on the topic "THEY will agree and ban Bitcoin." On a twist, the Forum’s research has cited blockchain technology as a key driver of “sustainable digital finance.” Blockchain and smart contract capability, its researchers argue, can unlock “hidden values of legacy digital systems.” Source | Cointegraph

The priority option for the near future is the same - option 2 from here. In the shorter term, if FUD appears, a spillage below 32K and another test of the lower limit is possible. If this does not happen, we will grow to 35K, the further depends on the reaction to the level.

By the way, the analysis about the return of capitalization to 1 trillion was also justified at the beginning of the week, a couple of hours ago it was above 1010 billion, now it has dropped again along with Bitcoin.

I think that today the movement of the main cryptocurrency is relevant in the range with the lower border at 31500-31300 and the upper border at 34500. In the case of FUD, another test of the bottom at 30500-30600 is possible. https://t.me/decryptedge/230

Altcoins will continue to grow if Bitcoin fixes above 32500. The growth indicator will be the return of Ethereum above 1400 and market capitalization above 1 trillion.

Wishing you a great day ahead and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

#Bitcoin moved in the range of $31230-32750 in the last 24hrs. A spill below 31230 at the beginning of the American session was quickly redeemed, an attempt to go above 32800 at night also did not lead to success and ended in a drain from 32900 to 32050, where it is currently being traded. Total Crypto Market capitalization is at $948 billion and a BTC dominance index of 63.2%.

Stock markets are flat, practically standing still, the S&P 500 closed at 3849.62. At the beginning of the trading session, it reached highs above 3867. This was facilitated by good reports of companies that came out yesterday. General Electric grew by 8%, Microsoft and Johnson & Johnson reported well.

Later, however Biden spoiled the picture a little, saying that he was ready to compromise on the aid package, i.e. agrees to make it less than 1.9 trillion, which has returned the markets to their original positions. The dollar index is around 90.2, gold is down by 1846, oil is rising.

Everything is the same on the crypto market. Yesterday's analysis as a whole worked out - below 31300 Bitcoin did not stay long, the correction was quickly redeemed. We have not managed to take 32800 and go to the upper border of the range.

Markets expect negative news from Davos, cryptocurrencies will be discussed on 28.01.2021. In the first session on January 25, the Governor of the Bank of England Andrew Bailey noted, who said that the existence of the cryptocurrency would not last long.

As a disadvantage of cryptocurrencies, he called the unstable cost and the inability to access personal information and transactions of users, as well as the inability to restrict the use of crypt for criminal purposes. Although these are not disadvantages, but advantages. Unstable value makes it possible to earn money, and privacy and resistance to censorship is the ability to freely dispose of your assets. For this reason we value such crypto assets.

By the way, this very Bailey had already spoken about Bitcoin. In taking office, he stated that Bitcoin owners risk losing all their money, because Bitcoin has no intrinsic value. It's funny that it was March 16, 2020. Since that time, Bitcoin has grown by about 8 times. Do you still need “intrinsic value,” or is it better to just make money?

So far, Bitcoin has not fixed above 32600-32800. At the same time, the greed index is again at its highs, it would not hurt to go towards 28K for refueling. Such an opportunity may be in the case of FUD or negative from Davos, or something extreme in the stock market and will end with a quick return above 30K.

The priority option for the development of events is the same - option 2 from here (https://t.me/decryptedge/230).

Interestingly, the largest US universities have been buying crypto for the whole of 2018 ... Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at #Coinbase and other exchanges, #CoinDesk has learned. University endowments are pools of capital accumulated by academic institutions, often in the form of charitable donations. These funds, which support teaching and research, can be allocated into various assets for investment purposes. Harvard’s is the largest university endowment with over $40 billion in assets. Yale has over $30 billion, Michigan has about $12.5 billion, while Brown holds $4.7 billion. It is unknown how much each fund has allocated in crypto but it is likely a fraction of percent of their total assets. Source | #Coindesk.

Knowledge is power, better yet Knowledge is just but potential power, taking action is what counts. We have a #cryptomaster class coming up.. Make sure you are part of it. Learning all things about Cryptocurrency and how to set yourself apart. Looking at the numbers above how many times have they gained from what they have bought.. Back in 2018 Bitcoin price was ranging from $1100-$3800.

Wishing you a good day and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

Silver Lake Co-Founder Tells #Davos #Cash Is Used Far More in Crime Than #Bitcoin. Thoughts on the market on 28.01.2021.

#Bitcoin went below 30K three times during the day, the corrections were bought out, the last few hours the bitcoin has been trading in the range of 30360-31535. At the time of this writing, Bitcoin is worth $30960. Total CryptoMarket capitalization is at $918 billion and BTC dominance index of 63.0%.

Stock markets were falling yesterday. The Dow Jones lost 2.05%, the Nasdaq fell 2.61%, the S&P 500 fell 2.57% to close at 3750.77. Several factors influenced the market - a weak Boeing report, a rise in the dollar index, the story of GameStop, when a group of Reddit users put a hedge fund, which was playing to reduce the shares of a small company, to the brink of ruin. SkyBridge Capital’s Anthony Scaramucci said Wednesday that retail investor-led stock surges for video gaming firm GameStop suggest bitcoin will ultimately be a success. Last Tuesday, a volatile trading session largely driven by a campaign by members of the Reddit forum r/WallStreetBets saw GameStop (NYSE: GME) jump 92.7%. Trading of the stock has been halted multiple times in the last week as price spikes triggered market protections. After Elon Musk joined the fray, tweeting “GameStonks,” shares rose 50%. The video gaming stock is now worth $10 billion and classified as a large-cap stock, according to Bloomberg.

Since all this was against the background of a highly overheated market, which has been growing since the beginning of November with practically no pullbacks and without any connection with the state of affairs in the real economy, the markets fell at a rate that has not been seen since February-March 2020. The S&P 500 futures are now showing continued decline. Asian markets are also falling, the dollar index is growing.

I think the market situation will speed up the adoption of the aid package. Though there is still intrigue on how the SEC will react to the activities of these guys from Reddit, who have already tipped three funds and are not going to stop, no matter how they start business on them and block Reddit, as is the custom in the United States lately. These guys are great, they work beautifully. We will be glad to see them on the crypto market, where they will obviously soon appear.

Bitcoin went below 30K three times in the last 12 hours. Returned now above 30600 and trying to go higher. To return to the previous range, bitcoin needs to gain a foothold above 31300-31500.

If Bitcoin does not do this within a few hours, it is likely that it will once again move towards 27-28K. Yesterday I talked about possible increased volatility until Monday. This Friday, the expiration of options for 3 billion will be followed by the opening of new ones. Therefore, both downward spills and upward shots are possible, from which marginals will suffer, who do not correctly manage risks, and those who like to place tight stops loss.

Interestingly, the US venture capital company Union Square Ventures is going to enter Bitcoin for a quarter of a billion and Singaporean crypto exchange KuCoin has added a new trading pair with the XRP cryptocurrency, bucking the broader delisting trend triggered by the SEC's complaint against Ripple Labs.

Glenn Hutchins, co-founder of global technology investment firm Silver Lake, countered the widely held view that bitcoin is mostly used for illicit activity when speaking at the World Economic Forum summit in Davos, Switzerland. On the other hand, up to 90% of $100 bills are "used for organized crime and tax evasion" in the U.S., because cash is "untraceable and fungible," Hutchins said. Also speaking at Davos on Monday, Bank of England Governor Andrew Bailey took a more negative tone, arguing that digital innovation in payments is here to stay, but not cryptocurrency as it currently stands. Source | Coindesk.

So in closing, the priority option is the return of #Bitcoin above 31500-32000 with the further development of option 2 from here https://t.me/decryptedge/230 and the return of the market capitalization to 1 trillion next week.

Wishing you a great day and remember to always do your own research. This is not

traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

Ray Dalio Calls #Bitcoin ‘One Hell of an Invention,’ Considers It for New Funds. Thoughts on the market on 29.01.2021.


Bitcoin consolidated above 32K and continued to rise, reaching 34380 at night, followed by a decline to 33800, where it is currently trading. Total CryptoMarket capitalization now at $1billion, BTC dominance index is 63.6%.

Equity markets recovered yesterday from Wednesday's plunge. American indices rose from 0.5% to 1%, the S&P 500 closed at 3787.38. I would like to note the fall of Apple, which happened after the report, where almost all indicators are breaking records, and the good growth of Intel.

A recovery in markets is good. The situation with traders from Reddit, who put a number of hedge funds in a position of submission we talked briefly yesterday. This shows that the free market in the United States is now just as much an illusion as freedom of speech. ...The people on Reddit weren't doing anything illegal, there were no hacks or insider tips, they were just buying shares. Hedge funds filed losses, reported to regulators, and here's the result - Interactive Brokers eliminated option trading on those same stocks, saying it was doing it to "protect itself" Helm funds engage in coordinated buying and selling all the time, working against the crowd in the market and taking money away from them. Now it turned out the other way around, and the crowd was simply turned off the buttons.

On the crypto market, the priority version of yesterday's review is being worked out. Bitcoin and above 32K returned, we already see a market capitalization of 1 trillion, ahead of resistance at 34250-34300, then 34800-35000. #FUD from Davos did not seem to be justified, everything went smoothly. We are waiting for the expiration of options and the opening of new ones.
For today and the weekend I expect movement in the range of 32600-34800 and the growth of altcoins.

Interestingly, Ray Dalio's Bridgewater Associates is considering buying Bitcoin. It seems like nothing surprising, it's about time, if you haven't done it before. Only earlier did he say that Bitcoin is a bubble. The ability to admit one's mistakes, especially in public, is a strong quality that is available to few.
Dalio said he felt compelled to “clarify what I think of Bitcoin” and cautioned clients he’s no expert.
Among his other comments: Bitcoin has succeeded in “crossing the line” from speculative idea to something likely to have value.
“Because there aren’t many of these gold-like storehold of wealth assets that can be held in privacy and because the sizes of their markets are relatively small, there exists the possibility that Bitcoin and its competitors can fill that growing need.” Source Bloomberg.

Wishing you a great day/weekend and remember to always do your own research. This is not traditional investment advice and ought not to be deemed as financial recommendation. Must do your own research. #Decryptedge

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#Bitcoin moved between 32,200 and 34,800 over the weekend. Got to the near bottom of the range last night, after which it moved up and is now trading around 33,700. Total CryptoMarket capitalization is at $997 billion with a BTC dominance index of 62.5%.

#American indices fell twice over the past week by more than 2% per session, the week too it ended with a fall. At the opening of the markets, futures for the S&P 500 continued to decline, now trading below 3700. Metals on the contrary are growing, especially silver.

Jannette Yellen says the aid package needs to be accepted immediately, which is good for the markets., however there is a possible reduction of the package to 600-800 billion, as suggested by the Republicans in the Senate, it will be perceived negatively. Expectation of a 1.9 trillion package, which Biden had previously announced, was laid down.

Possible negative news for vaccines. The low effectiveness of vaccines against new mutations of the coronavirus is reported by the CEO of PFIZER, a vaccine manufacturer. No wonder he sold his stake at the announcement of the vaccine release. We talked about this back in November 2020(https://t.me/decryptedge/68)

On the crypto market, everything goes according to plan. #Bitcoin moved in the specified range, market capitalization went above 1 trillion, and even now around this level, Bitcoin's dominance has decreased, mainly due to the growth of XRP. Ripple gave an answer to the SEC lawsuit, where they reasonably showed the far-fetched arguments of the regulator. The denouement is coming soon. Remember the XRP forecast for the first half of the year (https://t.me/decryptedge/165). Ripple announced cooperation with a number of central banks on the development of CBDC.

FUD from India possible.They are again going to consider in parliament a bill to ban the crypto. They have been doing this regularly since 2018). There was already a ban on banks not to work with crypto, followed by a repeal of the same ban by the Supreme Court. This is the third wave.

If there is a ban now, it may cause a decline in the short term, but it will not change the medium-term prospects. For India, this is bad, but the market will digest the situation, Bitcoin will always have someone looking to buy.

The cryptomarket is still moving according to option 2 from here (https://t.me/decryptedge/230). Today the priority option is Bitcoin 32-35K, with a move to the upper border of the range. If it consolidates above 35K, the next target will be the resistance at 37800.



FYI: Bitcoin monthly candle closed at $33,649 this means BTC bullish cycle is over and we can see one leg up to 37/39K to liquidation short positions then dump to 20K 17K/11K /7K probably.

If you joined the cryptomarket recently, perhaps most of these terms you do not know anything about, so before starting to put any money. From #Decryptedge we would like to inform you that you have joined a very volatile market and in bad time (FOMO time is not the perfect time for you)

So we advise you to do your own research about the markets. Our #Decyptedge resources like the Crypto Masterclass, Bitcoin1010 will help you gain confidence. The market is fraught with risks and loss, not profit only, and this may not be suitable for everyone. Have a great week ahead.

#Bitcoin has continued to grow, it managed to gain a foothold above 35K, local highs were reached above 36380.
At the time of writing this review, Bitcoin is exchanging for $36050 and at the moment it is already 36800. Total Crypto Market capitalization is at $1.078 billion and BTC dominance index of 62.2%.

The American market rose yesterday, stock indices added from 1.57% (Dow Jones) to 1.39% (Nasdaq). SPX rose 1.39% to close at 3826.31. Oil is above 57, gold dipped slightly, the volatility index dropped significantly, which indicates an increase in risk appetite. #Amazon's report came out much better than expected. Google also reported well. Futures on the S&P 500 are now in positive territory, and Asian indices are also showing growth. The story of "Reddit vs. Wall Street" that was mentioned here (https://t.me/decryptedge/265) continues. It has now moved into the market plane. Short-term funds are squeezing sales, WSB keeps the formation with varying success.

True, a weak link has appeared in the ranks of the WSB. Dave Portnoy sold shares at a loss of 700K. WSB suspects him of working on Wall Street, but I don't think so. He's just a deer. Remember the story of how he came all out saying he entered the crypto market? He bought Bitcoin at 12400, then the price dropped to 11500, he sold in the red and said that he was disappointed in the crypto market. This was back in August, now Bitcoin is 3 times more. I am for WSB. No matter how this story ends, they powerfully declared themselves, and will declare more than once. What consequences this story will have for the markets? I can write on this later in the day.

On the crypto market, Bitcoin has left the 32-35K range and is now trading above 36500. The next target is resistance at 37800 (there is a whole area of ​​resistance from 37300 to 37800).

Perhaps the first attempt will fail and the process will take several days. Pinning above 37800 will attempt to update ATH. In case of a rebound from this resistance area, we remain in the 35K-37K range. Growth may be hampered by a high dollar index, which is at its highest values ​​since the beginning of the year. The situation will change with the appearance of news on the aid package in the United States.

The market is still working out option 2 (https://t.me/decryptedge/230), which was indicated as a priority.

Today, the priority option is Bitcoin in the 35000-37800 range, with an attempt to pass the 37300-37800 resistance area, the further depends on the success of this attempt.

Altcoins are growing, primarily Litecoin and Etherum. XRP is in suspended animation after the pump on Monday, the movement will be after the appearance of news on the court and lawsuit.
With fear and greed there are two simple assumptions: Extreme fear can be a sign that investors are too worried. That could be a buying opportunity. When Investors are getting too greedy, that means the market is due for a correction. Take your pick.

This is not financial advice, analysis and market thoughts is to give you an idea about Bitcoin price movement (not buy or sell advice) so before following any idea be sure to do your own research, and follow your risk management. The information we share here is an effort and view from where we sit. It is subject to success or failure and we welcome constructive criticism 🙏. #Decryptedge.