Bitcoin failed to shoot above $ 50,000 on Sunday, despite growing bullish sentiment on said upside target. Instead, the benchmark cryptocurrency warned of a potential bearish reversal after creating what charting gurus call the „rising wedge“.

The BTC / USD exchange rate has been moving up in the past few days, leaving a trail of higher highs and higher lows. Its movement formed two upward trend lines that converge on a single point called the „apex“.

Technically, the structure formed a rising wedge formation that typically leads to a price collapse.

The downward target on a rising wedge is the maximum distance between the top and bottom trend lines of the structure. In the case of Bitcoin, the length is nearly $ 5,500, bringing the wedge’s downside target close to $ 43,000 in the upcoming sessions.

Contrasting signals

The bears are not in complete control despite recent breakthrough attempts. It looks like a break below the lower trendline of the wedge will result in Bitcoin ( massive bitcoin investment planned! ) Receiving additional support from another upward trendline that represents an ascending channel pattern.

The price floor could set the stage for another leg up – a rebound move that could see Bitcoin test its refreshed all-time high of $ 49,700, followed by a close above $ 50,000.

Another bullish tailwind comes from Bitcoin’s relative strength indicator, which still has no overbought conditions, despite trading near the levels. As a result, the cryptocurrency could see a slight rebound towards $ 50,000, with $ 48,000-48,200 serving as an intermediate hurdle.

The on-chain indicators support a short-term bullish outlook. The data retrieved from CryptoQuant shows that stablecoins reserves are at record highs on all exchanges – suggesting that traders could use the dollar-pegged tokens to buy cryptocurrencies, including Bitcoin.

„If you are a long-term investor, now is the time to buy BTC,“ writes Ki-Young Ju, CEO of CryptoQuant. „I’m not sure how many corrections would be on the way, but the on-chain indicator says there are enough stablecoins on the exchanges compared to bitcoins to get another leg up.“

Macro Risks for Bitcoin

As traders and investors buy bitcoin and build their bitcoin positions, they expect a wave of risk from the possible better-than-expected rebound in the US economy.

In its latest report, Bank of America writes that the US dollar could see growth in 2021 as the US Federal Reserve suggests cutting back on its ultra-dovish stance by extending its $ 120 billion-a-month purchase program of assets reduced.

Strategists believe that policy normalization could appear by the beginning of next year.

In the meantime, the European Central Bank is likely to step up its easing programs, which in turn could weaken the euro. The dollar is likely to gain strength as a result.

Bitcoin could face a correction if global sentiment improves on the greenback and the US economy.

Bitcoin’s dominance is collapsing while Altcoins are performing better

• The Altcoins have largely overtaken Bitcoin last week.
• The domination of Bitcoin has dropped following the rise of Ethereum.
• Despite a general decline in the market, things seem solid in the current political context.

The Trust Project is an international consortium of media organisations based on transparency standards.

After attracting the Bitcoin Revolution attention of the high-tech world with an uncontrolled rise in its share price, Bitcoin was beaten last week. 92% of Altcoins outperformed Bitcoin this week.

At the time of writing, Bitcoin was down about 12% against the dollar since its weekly opening. This also marks a 25% drop from its historic high of $42,000 reached on January 8, 2021. Bitcoin’s market capitalization is now about $592 billion, nearly $200 billion less than those peaks.

And while the rest of the market was a bit pulled down with the BTC, the Altcoins were holding their own. According to Messari data, 92% of them outperformed Bitcoin in the last 7 days ending January 20, 2021.

Bitcoin got a little too hot

The move from Bitcoin to $20,000 was not entirely unexpected, but the move to $40,000 was so rapid that many predicted a cooling.

Similarly, despite the fact that Ethereum had been the main driving force behind DeFi’s madness, its rise had lagged behind Bitcoin’s by a few weeks. So the money probably moved from Bitcoin to Altcoins, as traders sought to capitalise more gains and focused on accumulating satoshis.

Perhaps the most revealing is Bitcoin’s picture of domination. Bitcoin’s dominance in the crypto market reached 72% in early January, its highest level in a year. Since then, the dominance has followed a downward trend and is now around 65%.

Researchers at LongHash, a company that analyses crypto data, have noticed that altcoin is doing well.

According to LongHash, the top 69 altcoins with trading volumes of over $100 million had an excellent week. Only 33% saw their prices fall in dollars. On the other hand, 46 of these tokens have seen their prices increase by more than 10% during this week (these prices have since fallen).

In a bullish comment, the company’s researchers said that Ethereum’s market capitalization could quadruple if it kept pace with the growth that Bitcoin has experienced.

Lindsay Lohan made a video predicting a recovery in the crypto market.

She invites fans to take their lambos to the moon.

Although this is a promotional video, Lohan’s optimistic claims are not so far-fetched.

The Trust Project is an international consortium of media organizations based on transparency standards.

Actress Lindsay Lohan made a video in which she predicts Bitcoin will reach $100,000. The clip was created through a new sponsorship service called „Cameo“.

This week of crypto was a crazy race, or as crypto enthusiasts call it, a simple „Monday“. Bitcoin lost 25% (and a few hundred billion dollars) and then recovered in a few days. It is difficult to agree on the next evolution of the price. Sentiment seems to be on the rise.

On crypto twitter, today shall be known as „Monday“.

– Blockfolio (@blockfolio) January 11, 2021

In the crypto world on twitter, today will be known as „Monday“.

Actress Lindsay Lohan has her own forecast. In a promotional video, Lohan says Ethereum (ETH) will reach $10,000. According to her, Bitcoin (BTC) will reach $100,000. BTC and ETH will reach these rates one day, says the star of the Parent Trap show, „to the moon (we will drive Lamborghinis).

What inning of the bull market is it when someone pays Lindsay Lohan $350 to pump Bitcoin and Ethereum? pic.twitter.com/a8DtJcXPbQ
– Ramp Capital (@RampCapitalLLC) January 12, 2021

How big is the bull market when someone pays Lindsay Lohan $350 to manipulate bitcoin and ethereum prices?

„I’m just here to say that Ethereum is going up to $10,000 and Bitcoin is going up to $100,000. Enjoy a prosperous year 2021 and I hope you can all drive your Lambos to the moon“.

The video, which was recorded with the support of a celebrity, was directed by Cameo. This site allows influencers and celebrities to charge for short videos promoting their products.

According to some sources, Lohan’s services cost $350 for the 12-second video ($105,000 per hour, but who’s counting?). Since then, she has raised the price of her services to $415.

The actress did not reveal in the video whether she has cryptomoney. It is also not known to what extent she is involved in the crypto community. In particular, she stumbled on the pronunciation of the word „lambos“.

The rebirth of celebrities

Ms. Lohan’s adventure in promoting crypto reminds us of many celebrities who embarked on ICOs in 2017. Among them, DJ Khaled and Floyd Mayweather, who were indicted in 2018 for selling a fraudulent crypto payment card.

• A época alt é como a época natalícia para os comerciantes de criptografia, mas pode ser um período avassalador
• Ciclos de moedas Alt têm um padrão mais definido do que os que se repetem vezes sem conta
• Percorremos o essencial para aproveitar ao máximo a estação alt

A época alt é como a época do Natal no espaço criptográfico, onde tudo parece subir para sempre. Às vezes você pode jogar um dardo em um alvo de dardos e ganhar dinheiro onde ele cai, mas isto desmente a verdade. Há um padrão para alterar estações, e é importante não ignorar as pistas de como o vento está soprando se você não quiser acabar sendo aquele que perde enquanto todos os outros estão ganhando.

A Temporada Alt Vem Depois de uma Corrida Bitcoin

Uma verdadeira estação alt só aparece na parte de trás de uma corrida Bitcoin – e quanto maior, melhor. As maiores épocas de mudanças vieram em janeiro de 2017 (depois de dois anos de Bitcoin) e no final de 2017 (depois que o Bitcoin tinha ido 20x em nove meses).

A razão para isto é simples – todo o dinheiro ganho em Bitcoin flui em moedas alt para que os ganhos possam ser compostos. Isto também pode ser visto no gráfico de dominância do Bitcoin, onde podemos ver claramente que as estações alt (as velas vermelhas) ocorrem após a dominância do Bitcoin ter feito sérios ganhos:

As grandes tampas se movem primeiro

Em uma típica estação alt, as moedas de grandes dimensões tendem a se mover primeiro antes que os lucros diminuam, o que representa algo como as 20 principais moedas. Isto explica por que os gostos de ETH e LTC se saíram particularmente bem durante este primeiro feitiço mais recente da temporada alt, que viu ETH cruzar $1.000.

Uma vez que os comerciantes tenham lavado estas moedas top para obter o máximo de lucro possível, eles passarão para a faixa de 20-50 e depois para as moedas low cap. É claro que uma vez que você deixe o top 20 e especialmente o top 50, há uma quantidade esmagadora de moedas para escolher, portanto, é muito difícil escolher as médias e baixas tampas que obterão as bombas de três dígitos, e é por isso que muitos mergulham fora da estação alt após as médias tampas terem corrido.

Nada dura para sempre

Alt seasons pode parecer um sonho, mas como qualquer sonho, você acordará em algum momento. Uma moeda alt de lua pode parecer que vai subir para sempre, mas vai parar – e quando parar, vai cair com força. Como já dissemos antes, você deve sempre entrar em um comércio sabendo seus pontos de saída e não deve desviar-se para perseguir uma bomba. De qualquer forma, mantenha um saco lunar depois que seu alvo for atingido, mas tenha um ponto de saída em mente para isso também.

Alt seasons são pequenas explosões de lucro como alts catch up e você deve tratá-los como tal – entrar, ter lucro, sair. Você pode dizer quando uma estação alt chegou ao fim de duas maneiras – as 50 melhores moedas e muitas abaixo já bombearam uma quantidade séria, e o domínio do Bitcoin está começando a reverter:

Uma tendência de domínio Bitcoin cada vez maior levou à probabilidade de as estações alt ficarem mais curtas e menos violentas, portanto, certifique-se de que você esteja de olho na bola de domínio Bitcoin enquanto a estação alt rola.

Colocar Lucros em Bitcoin

Algo que muitas vezes é esquecido é onde colocar os lucros da alta temporada. É claro que você deve assegurar lucros no momento apropriado e descontar se necessário, mas não se esqueça que a razão pela qual os alts estão empurrando é porque o Bitcoin está caindo. Como mostra o gráfico acima, o Bitcoin não cai para sempre, assim como os alts não sobem para sempre. Portanto, colocar a maior parte de seus lucros na Bitcoin é a melhor maneira de garantir que você esteja pronto para os próximos ciclos da Bitcoin.

Corte o Ruído

Uma boa estação de snifos não aparece com freqüência, e pode ser avassalador saber onde colocar seu dinheiro quando tudo está disparando. É aqui que reduzir seu portfólio a alguns alts e definir suas vendas no momento da compra pode ajudá-lo a eliminar o barulho. Além disso, enquanto esses estão subindo, você pode estar se preparando para colocar seus lucros, em vez de se preocupar em perder.

The Argentine crypto company Ripio has taken over the second largest crypto exchange in Brazil called BitcoinTrade.

Ripio, a digital asset company from Argentina, has bought the major Brazilian crypto exchange BitcoinTrade

According to the Argentine newspaper Ambito it came under the plan of Ripio to expand in South America, this acquisition . BitcoinTrade is the country’s second largest crypto exchange by volume.

Sebastián Serrano, the CEO and co-founder of Ripio, said it was acquired to „expand access to the world of digital assets“ in the region.

„We are convinced that Ripio is the best company to continue the path we started with BitcoinTrade in Brazil,“ said BitcoinTrade founder Carlos Andre Montenegro

Ripio was founded in 2013 and claims to be one of the largest crypto exchanges in South America. She has employees in Argentina, Brazil, Mexico, Uruguay and Spain. The company launched an over-the- counter crypto trading platform in 2019 and became one of the World Economic Forum’s tech pioneers last year .

In November, an Argentine legislature proposed creating a national framework for crypto in Argentina. The bill aims to solve the problem of the „very arbitrary rules“ governing Argentina’s crypto ecosystem.

Bitcoin ist nach wie vor ein digitaler Vermögenswert mit großer Nachfrage auf dem Markt, und der Einzelhandel und die Institutionen sind in einem Wettlauf um möglichst viele BTCs. Von institutioneller Seite aus hat Grayscale seine Bitcoin-Tasche wie viele andere mit immer mehr BTC gefüllt. Laut einem kürzlich veröffentlichten Update hat Grayscale seinen Grayscale Bitcoin Trust [GBTC] innerhalb eines einzigen Tages um 12.319 BTC erweitert. Diese Summe war Berichten zufolge mehr als der kumulierte Kauf in der letzten Woche.

Kevin Rooke hat getwittert :

„Schlechte Nachrichten für Bitcoin-Bären.
Der Bitcoin Trust von Grayscale hat an einem einzigen Tag 12.319 BTC zu $ ​​GBTC hinzugefügt.
Das ist mehr als die 11.512 BTC, die sie in der letzten Woche hinzugefügt haben, als Bitcoin seine ATH gebrochen hat. “

Graustufen konkurrierte aktiv mit anderen Institutionen, und dies zeigte sich in den Bitcoin-Beständen für 2020, die zum jetzigen Zeitpunkt einen Anstieg von mehr als 66% verzeichneten. Daten deuten darauf hin, dass die Bitcoin-Beteiligung von Gryascale 588,97.000 BTC erreicht hat, was einem verwalteten Vermögen von ca. 12,78 Mrd. USD entspricht.

Diese Ergänzung folgt auf den Kauf von 30.000 BTC durch Microstrategy für 650 Millionen US-Dollar. Laut Bitcoin Treasuries verfügt das Business Intelligence-Unternehmen nun über 70.470 BTC im Wert von über 1,596 Milliarden US-Dollar in seiner Treasury-Reserve. Laut CEO Micheal Saylor gab MicroStrategy bisher 1,125 Milliarden US-Dollar für Bitcoin aus, zu einem Durchschnittspreis von 15.964 US-Dollar pro BTC.

Interessanterweise kündigte SkyBridge Capital die Auflegung eines Bitcoin-Fonds an, um Investitionen in den Kryptoraum zu „demokratisieren“. Der Fonds wurde mit 25 Millionen US-Dollar und einem Mindestabonnement von 50.000 US-Dollar auf den Markt gebracht.

Der institutionelle Kauf ist ein zinsbullisches Zeichen. Die gestiegenen Abflüsse aus den Börsen haben ebenfalls zu dieser zinsbullischen Dynamik beigetragen. Die erhöhten Abflüsse werden voraussichtlich in Kühlräumen enden, und dies hat viele Analysten auf dem Markt dazu veranlasst, vorherzusagen, dass die Spitze noch nicht gesehen ist. Krakens Leiter für Geschäftsentwicklung, Dan Held, verglich die Daten mit der vorherigen Halbierung von Bitcoin und prognostizierte, dass die Spitze bis September 2021 erreicht sein wird.

Held getwittert:

Der Preis für Bitcoin nach Halbierungen.

Bitcoin auf dem richtigen Weg, um um den September 2021 seinen Höhepunkt zu erreichen! pic.twitter.com/h6GYeKtjm0

– Dan Held (@danheld), 22. Dezember 2020

Da die Investitionen und das Interesse an Bitcoin steigen, verliert die Kryptowährung keineswegs an Dampf. Der institutionelle Kauf hat auch Einzelhändler dazu gebracht, so viele BTC wie möglich zu erwerben.