In the last 24hrs Bitcoin has been in the range of 46500-48800. Support at 46600-46500 confirmed, from this level bitcoin moved to growth, but two attempts to pass 48800 have not yet led to success, and now Bitcoin is trading around 48500 UPD.
While writing this review, Bitcoin managed to break through 48800. Now the price is about 49500. Total Crypto Market capitalization is at $1.508 billion and a dominance index of 60.8%.

Stock markets opened higher. Oil is still above 63, futures for the S&P 500 rose more than 0.6%, and Asian indices are showing good growth. Markets are still bullish on the bailout package, which the chances of a swift acceptance have improved significantly since Trump's impeachment was lifted. The dollar index continues to decline, and is already below 90.3.

On the crypto market, after confirming support at 46500-46600, Bitcoin started to grow, took 48800 on the third attempt, and will take 50K right now. If the 50K is broken, we will go higher on the stops of short lovers, after which the market will determine new levels.

In case we don't take 50K, or we take it, but don't fix ourselves, then there are two options. We stay above 48800, there will be another attempt. If we go below 48800, we return to the previous trading range of 46600-48800 for refueling.

On the option of fixing above 50K, altcoins could be interesting for purchases, since in this case, their growth will continue, and the market capitalization will continue to renew its highs. If Bitcoin returns to the previous range, altcoins will lose positions, waiting for the outcome of the situation around the important psychological level of 50K.

Interesting: large Mexican companies want to invest in Bitcoin, said the managing partner of the PWC consulting company. The fact that one of the richest people in Mexico, Ricardo Salinas Pliego, invested 10% of his portfolio in Bitcoin in November 2020, we have previously reported https://t.me/decryptedge/76 These were the conclusions of a report from El Economista, which quoted Mauricio Hurtado, managing partner of PwC Mexico as stating that Mexican firms were now keen to climb aboard the bitcoin bandwagon. the PwC executive added that “a significant number of players” see “these currencies” as a “reliable transaction mechanism.”
He said, “Therefore, businesses are adjusting to market realities in order to prevail and gain an advantage over their competitors. We are seeing an important change in this regard.” Source _ https://cryptonews.com/

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.

MicroStrategy to Add #Bitcoin, Widening Premium of Shares: Thoughts on the market on 17.02.2021:

Within the last 24hrs, Bitcoin updated ATH, reaching $50,689. After that, it was followed by a correction to 48000-47800, and another attempt to take 50K. At the time of writing, Bitcoin is trading at 50010. Total Crypto Market capitalization of $1.503 billion, BTC dominance index at 62.0%.

American markets opened yesterday with growth, but then profit-taking began. As a result, the Dow Jones rose 0.2%, the NASDAQ lost 0.34%, and the S&P 500 fell 0.06% to close at 3932.59 The dollar index rose, traded between 90.6 and 90.7, and the volatility index returned above 20. Gold fell to lows in 2021 and is now trading at 1793. Asian indices are slightly declining, S&P 500 futures too.

Bitcoin went above 50K twice, so far without holding above this level. At the same time, local support was formed at 48300. While Bitcoin is above this level, further attempts to consolidate above 50K are relevant. Moving lower with consolidation will most likely lead to a need for a move towards 46,500 to refuel.

As always, at such tipping price points for Bitcoin it negatively affects altcoins. The dominance index nonetheless rose. Ethereum went below 1800, the rest of the altcoins fell even more.

This is understandable - in such situations, money starts to leave the market. Some buy Bitcoin with the expectation of a breakthrough and consolidation above 50K, others go to fiat in anticipation of the correction in case the attempt to take 50K is unsuccessful. Rad on the market cycles write up we did here: https://t.me/decryptedge/291

In the case of Bitcoin fixing above 50K, the altcoins have good prospects after the stabilization of the main cryptocurrency - it is obvious that in this case they will update their highs.

We consider the option with Bitcoin in the range 48300-50200 as a priority, continuing attempts to take 50K and then fixing above 50K. The alternative option, with a correction to 46500 or even 43000-42800, does not change anything and only postpones the capture of 50K for 4-7 days.

Interestingly, MicroStrategy, which has already acquired Bitcoin for more than 1 billion, placed bonds for 600 million, because it wants to buy more (https://www.microstrategy.com/en/investor-relations/press/microstrategy-announces-proposed-private-offering-of-600m-of-convertible-senior-notes ) . They do not consider Bitcoin almost 50K expensive, because they understand what will happen next. They started buying Bitcoin back in August 2020. Same year in the month March 2020 hearing #BTC price projections like $50,000 sounded almost like a joke. Now almost one year has passed, we're here, talking about a $100,000 target and celebrating 50k.

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 has updated new ATH for several times during the day, the current ATH is now at 52618 in (#Binance). After that #Bitcoin within the price range of 52070-52470 for more than 7 hours now. At the time of this writing, the price of Bitcoin is 52395. Total Crypto Market capitalization of $1.587 billion and a BTC dominance index of 61.3%.

Stock markets continued to be flat yesterday. The Dow Jones is up 0.34%, the Nasdaq is down 0.65%, the S&P 500 is down 0.03% to close at 3931.33. Oil continues to renew its highs, already above 65. Gold is declining, the dollar index is growing, now around 91. Futures on the S&P 500 are now slightly in the red.

Tech giants plummet amid information about congressional consultation on leveraging Big Tech. It is interesting that social networks and tech giants did everything to win Biden and demonstrated their loyalty in every possible way - they blocked the negativity about Biden, blocked Trump's supporters, even deleting Trump's own account (who was the current president at that time), AMAZON generally removed the Parler social network from its servers. where Trump's supporters were hosted. This is not surprising - the service already provided is worth nothing and no one can guarantee that next time the possibilities of social networks will not be used against the current government.

According to some news, a government-owned entity in Dubai has started accepting bitcoin, ether and tether as payment for its services, according to local media reports. Kiklabb is a free trade zone that helps companies set up shop in Dubai, a wealthy city and emirate in the United Arab Emirates (UAE). Kiklabb issues trade and other licenses as well as processes visas. The entity also leases office space to its customers on-board the Queen Elizabeth 2 cruise liner anchored at Port Rashid in Dubai. Payments for these and other services can now be made in bitcoin (BTC), the Gulf News reported on Feb. 16. Kiklabb worked with unnamed “international partners for payment processing of cryptocurrency transactions.” The CEO believes other government departments will follow in his footsteps. “We’re the first government owned licensing entity in the UAE to accept cryptocurrency payments – and certainly not the last. With the technology rapidly gaining traction across the Middle East, I’m eager to see how it changes the way we do business in the near future,” Ulhaq stated. Source : News.bitcoin.com

Bitcoin not only held above 50K, but also continued to grow. For the last 7 hours it's confidently holding above 52K, clearly intending to move on. Market capitalization has renewed its highs, Ethereum has a new ATH above 1924, all TOP altcoins follow #Bitcoin as it was said yesterday.

For today, the priority option is Bitcoin in the range of 50800-52500, with a possible ATH update. Alternatively, going below 50800 is possible in the event of a significant increase in the dollar index and a fall in stock indices.

If Bitcoin in the event of a fall in funds remains in place for at least a few days, we will see real action.

This option is quite possible - after all, there is no economic justification for the correlation of Bitcoin with stock indices, moreover, back in 2019 there was often an inverse correlation (Bitcoin grew when the indices fell).

Wishing you a blessed day ahead and remember this is traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge

Bill Gates Says He’s ‘Neutral’ on Bitcoin. Thoughts on the market on 19.02.2021

#Bitcoin was in the range of 52300-51000 during the last 24hrs; an hour ago there was a correction to 50700, which was quickly redeemed, and at the time of writing this review, Bitcoin is trading around $51,300. Total Crypto Market capitalization is at $1.570 billion and BTC dominance index of 60.7%.

Stock markets were down yesterday. Dow Jones Shed 0.38%, Nasdaq Down 0.72%, S&P 500 Down 0.44% To Close At 1913.97. Oil dropped more than 1.75%, returning to levels where it was a week ago. Gold continues to fall, while the dollar index and volatility index are growing. Now Asian indices are looking down, S&P 500 futures are doing the same and already below 3900.

Bitcoin has since remained in the range that we outlined in yesterday's review. So far there is a test of the lower border of the range, which happened an hour ago. It ended with the emergence of an active buyer from 50700, who bought the correction and returned the price to 51300.

The dominance index dropped to 60.6%, which indicates that the end of the market cycle for altcoins is approaching. How it works, read here (https://t.me/decryptedge/291).
Consider the Bitcoin movement option in the range of 50500-52500 as a priority, with a possible exit upward and updating the highs. If on the weekend we leave with Bitcoin above 51K, we expect a good growth in the TOP Altcoins, if above 52K - another altseason, with almost everything growing and updating ATH in market capitalization. With a high degree of probability, will be the end of the market cycle.

An alternative option - fixing Bitcoin below 50500 - is possible in the event of a significant negative in the stock markets. It is less likely than option 1. In this case, the further picture depends on the reaction of Bitcoin to the psychological level of 50K.

BNB moved up to the 3rd place in terms of capitalization, continuing to renew ATH. XRP fell back to 6th place in terms of capitalization, before being hit by SEC it was in third place. Soon the denouement on 22.02 when the trial begins. Any verdict that confirms that XRP is not a security (and objectively it is) will be positive for the asset, and against the background of the general market picture, there will be every chance of going to 1 and higher.

If you decide to make a sacrifice out of XRP in order to reduce the attractiveness of crypto market in the eyes of the crowd, as I said here https://t.me/decryptedge/151 , a drop to 0.3 and even 0.2 is possible immediately, with a subsequent rise along with the market. How will Ripple react in jurisdiction with this outcome? What is clear is it will continue to work in Japan and other places, although in this case it is unlikely to return to the TOP-5. There are factors that make it possible to consider the outcome with a penalty and continuation of work as a priority option, so if you are hodling some.. Keep the asset and wait for the outcome.

To some news, Bill Gates who had previously criticized cryptocurrencies and said he'd short bitcoin "if there was an easy way to do it." Bill Gates has said he has a “neutral view” on bitcoin, but does recognize the importance of bringing down the costs of moving money. In an interview with CNBC Thursday, Gates said, "I don't own bitcoin. I'm not short bitcoin." The Microsoft co-founder said that digitizing money and bringing down transaction costs is "something the Gates Foundation does in developing countries." Gates further pointed to the volatility of bitcoin driven by "mania" and the difficulty of predicting how prices will progress. He previously said in May 2018 that he would short bitcoin "if there was an easy way to do it" and that he had been given a bitcoin as a birthday present but sold it shortly after. Source Coindesk.

With that news from Gates, don't remain neutral, get an understanding on the fundamentals of this Crypto market. Wishing you a good day ahead and remember this is not financial advice or investment recommendation. Must do your own research. #decryptedge

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What’s the significance of Bitcoin’s $1 trillion valuation? Thoughts on the market on 20.10.2021

Bitcoin worked out yesterday's analysis, and for almost 8 hours it has been trading above 55K. The new ATH is now at 56609. Bitcoin is currently trading at around 55,800. Total Crypto Market capitalization is $1.713 billion with BTC dominance index of 60.9%.

Stock markets did not move anywhere yesterday, remaining flat. Dow Jones unchanged, Nasdaq up 0.07%, S&P 500 down 0.19% to close at 3906.71 Oil closed at 62.7, gold is still below 1800. The volatility index has eased, markets are calming down amid the announcement of the February 26 date when the bailout package will be voted on, and the Fed's announcements that #QE will continue until inflation and labor market targets are met. The only question on the backdrop of all this having in mind that inflation targets will be achieved much faster than the labor market: what the Fed will do then is an interesting question. It is closely related to another question - in the event of an increase in inflation, is it to save the dollar or to save the stock market?

Bitcoin met yesterday's expectations, and not only exited, it stayed in the 52-55K range, but also consolidated above 55K, once again renewing its highs. Market capitalization peaked at $1.724 billion and has every chance of improving this result over the weekend.

Altcoins are growing, Ethereum has also updated ATH and is trading above 2000, ADA is above 1, the entire TOP is growing to one degree or another.

The most likely scenario over the weekend is Bitcoin in the 55000-57000 range and altcoins rising. Further, there may well be a correction of #Bitcoin in the direction of 51000-50500, for dumping the fans of stops and large holders from the train.

Further, a correction to 45-46K suggests itself, but it is not a fact that it will take place, too much money enters the market, it seems that FOMO has already begun in large players. However, in such an economic situation it is logical. The interest of large players became noticeable already with Bitcoin at 11500, which was discussed back in October (https://web.facebook.com/decryptedgeKe/posts/669679450630053).

With Bitcoin’s market value surpassing $1 trillion, a milestone that puts the cryptocurrency in a very exclusive club with tech titans like Microsoft, Apple and Google’s parent company, Alphabet. Larger investors are taking the digital currency more seriously now, which has helped drive up its price. How significant is this achievement? “The real answer is, it’s purely symbolic,” explained David Yermack, professor of finance and business at the New York University Stern School of Business. “But inevitably, it will generate media coverage and the type of buzz that may draw more people into it and create a certain momentum effect, just because of pure psychology.” (Guilty.) Source : https://www.marketplace.org/ Janet Nguyen With such big players all think and act differently. Some think quickly, make decisions and get results. Others wait and watch, and then they see Bitcoin at 50K and the successes of those who got involved in the topic in time, and the situation leaves them no choice. Since there are much more of the latter, the factor of large players will now influence the market for a long time. Elon Musk said yesterday that only a fool can now keep money in fiat and not look for alternatives. You can't argue here).

But why he said that Tesla's strategy for investing in Bitcoin does not reflect his personal opinion, this is interesting. Who could force the main shareholder of the company to do what he does not consider necessary? I think he leaves room for maneuver, intending to once again actively influence the crypto market.

I will post later possible scenarios for the development of events on the market next week.

Wishing you a blessed day ahead and remember this is traditional investment advice. Must do your own research. D.Y.O.R. #Decryptedge

Fighting FOMO (Fear of Missing Out)

With Bitcoin ATH at $57,810.49 and a massive market cap of $1.07T
such a picture of the market, an important moment for an investor or player is the fight against FOMO.

If you do not know what it is, and if you have it I will write about it later this week. .
We know that the market is driven by two main emotions - greed and fear. It is precisely what forces market participants to act irrationally and incur losses.

FOMO is a derivative of greed, oddly enough, FOMO is still based on fear. What makes an investor or a market participant jump into buying last minute and acquire Bitcoin at 57K, moreover with leverage/margin? The desire not to be left out, to get your share of the profit from the growth of the asset.

Many people whom I talk to or had a discussion about this new digital asset class are now reaching out to me, while very happy and in high spirits wanting to buy more or recently just bought. This is understandable - there is talk everywhere about Bitcoin, which has almost doubled since the New Year. Predictions about Bitcoin of upto 100-200-500K are now heard getting louder.. Everybody is now an expert. Most do not have Bitcoin or just bought as indicated so they will now feel the mental pressure or such of a confirmation bias, even validation reason to buy.

Some even sold Bitcoin at 38-45K, or so, with the price going up, lots of paper calculations on how they would have made profits at 57K. Some are for the idea that they will wait for a rollback and buy. Most bitcoiners who correctly understand the situations above know the long term game. Keep stacking the sats as they say in cryptoverse.

Many unfortunately do not act like this. When Bitcoin approached 20K, they sold and expected a rebound from the 2017 high. This was followed by a psychological difficulty to buy at 25K, if they didn't buy at 18K. Bitcoin again quickly went even higher. The correction to 28K at the beginning of January was too fast, only those who placed buy orders in advance succeeded, not many of them. Bitcoin then moved between 30K and 40K for a month, the same crowd was waiting for it to correct to 20K. First half of February - Bitcoin takes 40K level, now they agree to buy at 30K, but nobody is selling.

Second half of February - Bitcoin is above 55K. Those who have been talking all the time about the “unsupported bubble” cannot stand it any longer and agree now to buy. At the back of their minds they must be thinking, it is now necessary to make up for lost time. The option is to do the same with altcoins, expecting it to grow faster, which is not a good idea.

For the most staunch skeptics of Bitcoin, their stage of buying will come when Bitcoin is at 70-75K, this is inevitable.

Usually with a strange coincidence, after all the above, Bitcoin will spill to 45-46K, and maybe 40-38K, margin positions will be destroyed, many of the crypto newbies will leave the market in horror, cursing the day when they found out about it, and counting losses ... then it happens Bitcoin goes to 100K.
Smart investors with great advice and sober channels like #Decryptedge would recommend to calmly fix profits and stack more sats on pullbacks.

FOMO is based on fear, for those who did not have the guts to buy this asset at a good price earlier.

The best way to go into this is to get Bitcoin and Ethereum. This can be done directly from the open market and don't consider ever selling these assets no earlier than 2022-2023. When targeting an exit point at 150-200k, it is not so important whether you bought Bitcoin at 55K, or at 40K.

These digital assets must be purchased and placed on a hardware wallet. Not in the exchange! How to do it - plug in to our free TG Channel (https://t.me/decryptedge) and sign up to our upcoming #DecryptMaster Class.

If you are just starting out in this market and if you do not have Bitcoin, never enter a leveraged/Margin position. Buying altcoins now is also not the best time, they have been growing for too long, the market cycle is clearly coming to an end and there will be better entry points. Read about the market cycle here (https://t.me/decryptedge/291).

There is another important question related to FOMO - how to fix and take profits? What if you are in a position on Bitcoin, you see a good profit, and do not know what to do - take or wait for 100K? We continue in part II of this write up this week.

#Decryptedge.

#Ripple Brings in Former #SEC Head to Defend it Against #SEC> Thoughts on the market on 22.02.2021

#Bitcoin once again over the weekend updated its ATH at 58352. After that, it rolled back to 55200-55300, where it is currently being traded. Total Crypto Market capitalization is at $1.685 billion with #BTC dominance index of 61.6%.

Stock markets opened without a single dynamic. Asian indices are trading in different directions, S&P 500 futures are declining, the dollar index has been growing for the last two hours, oil, gold and silver are also growing.

The crypto market moved according to the forecast (https://t.me/decryptedge/317). #Bitcoin remained in the 55-57K range, tightening to its upper border and once again updating the ATH. The market capitalization also renewed the highs above 1.760 billion. Altcoins rallied on Saturday and sank somewhat on Sunday, and the dominance index is starting to rise.

By today morning, Bitcoin tested the lower border of the trading range, support at 55K was confirmed. It looks like altcoins and the market as a whole are waiting for #XRP situation to be resolved.

The #SEC's suit against Ripple is due today. We wrote about the situation here (https://t.me/decryptedge/313). The former SEC chairman says there is no legal perspective in this lawsuit. Many well-known lawyers and former SEC officials spoke about the same earlier. In addition, if XRP is recognized as a security, the SEC will have to explain where they were looking for 7 years while the asset was traded on American crypto exchanges.

A negative decision for Ripple will be unfounded, but it cannot be ruled out. This option is possible if the story with Ripple is decided to be used to cool the interest of the mass flock of investors in the crypto market, and spoke about this option here (https://t.me/decryptedge/165). A Negative outcome on XRP (recognition as a security) may be a reason for Bitcoin's correction to 51500-50000, and in case of a breakdown of this level - to 46500-45000, the drawdown on altcoins in this case will be more significant.

The priority option for today is (in the absence of negative) - Bitcoin in the range 55000-58200, with a possible update of the highs. A positive decision (settlement, fine, with the continuation of work in the United States - everything, except for the recognition of XRP as a security), will cause a growth in the market as a whole, a new wave of growth in altcoins, but what will happen to XRP.??

As always, 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

Yellen sounds warning about ‘extremely inefficient’ #bitcoin. Thoughts on the market on 23.02.2021.

#Bitcoin lost support at 55K during the last 24hrs, after which it went down, establishing a support at $47622 (Binance). This correction was quickly bought out and bitcoin returned above 50K and has since started to grow. An unsuccessful attempt to return above 55K pushed Bitcoin back to 50500-50000, where it is trading at the time of this writing. Total Crypto Market capitalization is $1.528 billion with #BTC dominance index of 61.8%. While writing this review, there was a correction below 49500, and this is the current level of BTC.

Equity markets were looking down yesterday. The Dow Jones rose 0.09%, the Nasdaq fell 2.46%, the S&P 500 shed 0.77% to close at 3876. The tech sector fell significantly. Apllе is down 2.53%, while Tesla is down more than 7%. Oil hit new highs, gold is back above 1800 and silver is above 28. Futures option for S&P 500 shows a slight increase, and Asian indices are also growing. The dollar index is again below 90.

On the crypto market, a variant of yesterday ‘s review worked out with a correction to 51500-50000 (the correction below turned out to be a false breakdown and was quickly bought out). The reason was the speech of the US Treasury Secretary Janet Yellen. She called Bitcoin a "speculative asset" that "is not efficient for transactions due to its speculative nature," and talked of the need to launch a CBDC.

I don't see any particular negative here. It would be strange to expect calls from the head of the US Treasury to buy Bitcoin. The “speculative nature” and high volatility is one of the advantages of Bitcoin, as it makes it possible to make money on volatility, and there are stablecoins for transactions and current payments.

By the way, a month ago, the Bank of England head spoke about the shortcomings of cryptocurrencies and their imminent death (https://t.me/decryptedge/259). Since then, Bitcoin has grown by 20K. About #CBDC and #crypto I spoke here (https://t.me/decryptedge/216). In short - CBDC does not have any advantages of cryptocurrency and is not a competitor to Bitcoin. None of the Bitcoin owners will be interested in the centralized CBDC, which is issued and controlled by the state, with all the consequences that follow from this fact.

In fact, Yellen's statements are not a reason, but a reason for a correction that has been brewing for a long time. Bitcoin has shown a recoilless growth since the beginning of February, so a healthy correction was needed. I said yesterday and earlier that it will be approximately at these levels (https://t.me/decryptedge/319). A similar picture was in January, when Bitcoin fell from 42K to just below 30K.

On XRP - yesterday was the first meeting, Ripple insisted on closing the case. Judging by the price of the asset, which yesterday showed good stability even on a general drain, the prospects are good, insiders are not dumping the coin.

The rest of the altcoins are doing worse, they lost 10-15% (some up to 20%). Everything, as I said here (https://t.me/decryptedge/291). To continue the growth of the main cryptocurrency, it is necessary to gain a foothold above 55K. If now support at 50K is confirmed and we don't go lower, then this is a matter of a couple of days.

Fixing below 48K will lead to a possible consolidation of Bitcoin in the range with the lower border of 43000-42800 and the upper one at 48K. A return to above 50K in this case is subject to external background and may take 7-15 days.

The priority option for today I see the movement of Bitcoin in the range of 50,000-55,000. The option with fixing below 48K is an alternative.

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