1) During a video call, somebody is vaping 2) During a video call, the vernacular of the founder is composed of “bro” and “let’s go” 3) The founder(s) all call themselves the “devs”, but have no idea how to write a basic smart contract 4) The words “fair” or “for the people” are found in…
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The majority of centralized exchange volume is fake, according to the billionaire investor and Dallas Mavericks owner.
Bitcoin analysts are following up on BTC price trends as the 2022 bear market drags into the beginning of 2023. The crypto market is slightly recovering from the FTX fiasco that caused most of the crypto assets to plunge. According to a famous crypto analyst, Kelvin Svenson, one technical indicator could end Bitcoin’s bear market. In a video update, Svenson noted that BTC’s weekly relative strength index (RSI) is about to break out from its diagonal resistance. The RSI measures the ratio of ups and downs movements in the crypto market. As per Svenson, this movement suggests that BTC bulls have started to gather momentum. Furthermore, he noted that the two-year-long market downtrend could end if an RSI breakout occurs. Related Reading: Solana Leads Crypto Market Gains, How Long Will This Continue? Svenson explained the importance of a potential RSI breakout in his video update. Following his prediction, there could be a significant trend shift for BTC if the RSI breakout occurs in the next couple of weeks. Svenson’s Prediction And Bitcoin Price Outlook Svenson cited a weekly RSI breakout towards the end of the BTC bear market in 2018. Pointing at the BTC diagonal resistance line, he added that the market gets bullish once the RSI pops above the resistance level. Given the momentum with which the weekly RSI is coming up, the crypto analyst says BTC is heading toward a significant bull run. Bitcoin is currently trading at $16,831, but Svenson predicts that BTC may rally to $21,000 if the RSI exceeds its long-term resistance. Bitcoin’s current price indicates a potential rise of 25% if it reaches $21,000, which Svenson predicted. The year 2022 marked the beginning of a new bear market for Bitcoin and the entire cryptocurrencies. Bitcoin declined nearly 75% since its all-time high of $69,000 in 2021. Many analysts made different predictions for Bitcoin prices in 2022. For example, at a tech conference in Amsterdam in 2018, Tim Draper predicted that Bitcoin would reach $250,000 by the end of 2022. However, when 2022 finally came, Bitcoin price turned opposite Draper’s prediction. The asset plunged below the $20k mark and hit $16,441 in November after the FTX crisis, but it is now moving toward the $17,000 mark and will likely cross it if the bulls stay intact. Michael Van De Poppe Releases Bullish BTC Price Prediction For 2023 As the new year unfolds, other analysts besides Svesons have projected a new outlook for BTC in 2023. For example, Michael van de Poppe has made a new prediction for BTC prices in 2023. According to the analyst, BTC will experience a massive price surge in the coming months. Related Reading: Bottom Signal: Bitcoin MVRV Ratio Falls To Three-Year Lows De Poppe predicts a rally between $30,000 and $35,000 as the U.S. Federal Reserve pauses interest rate hikes and reduce inflation. He also made peak high predictions for BTC’s 2023 bull cycle between $275,000 and $350,000.
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“VR has always been part of Decentraland’s vision,” a developer working on the platform’s VR client told Cointelegraph.
The U.S. Department of Justice (DOJ) is in the process of seizing Robinhood shares, worth about $460 million, that are linked to former FTX CEO Sam Bankman-Fried (SBF). “We believe that these assets are not property of the bankruptcy estate or that they fall within the exceptions … of bankruptcy code,” a DOJ attorney told […]
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Ethereum climbed higher and tested the $1,275 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh move above the $1,300 resistance. Ethereum struggled to climb higher above the $1,275 and $1,280 resistance levels. The price is now trading above $1,230 and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $1,230 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if the price stays above the $1,220 support zone. Ethereum Price Remains Stable Ethereum price started a decent increase above the $1,220 level. ETH gained pace and was able to clear the $1,240 resistance zone, similar to bitcoin. The price even spiked above the $1,250 level and tested the $1,275 level. A high was formed near $1,271 and recently started a minor downside correction. There was a move below the 23.6% Fib retracement level of the upward move from the $1,204 swing low to $1,271 high. Ether price is now trading above $1,230 and the 100 hourly simple moving average. There is also a connecting bullish trend line forming with support near $1,230 on the hourly chart of ETH/USD. Source: ETHUSD on TradingView.com An immediate resistance is near the $1,260 level. The next major resistance is near the $1,270 level. A clear move above the $1,270 resistance could a decent increase. In the stated case, the price may perhaps rise towards the $1,320 resistance. The next major resistance could be $1,350, above which the price could rise towards the $1,450 resistance zone. Dips Supported in ETH? If ethereum fails to clear the $1,260 resistance, it could correct further lower. An initial support on the downside is near the $1,240 level. The next major support is near the $1,230 level and the trend line. It is near the 61.8% Fib retracement level of the upward move from the $1,204 swing low to $1,271 high. A downside break below the trend line support might send the price towards the $1,200 support. Any more losses might call for a test of the $1,180 zone. Technical Indicators Hourly MACD – The MACD for ETH/USD is now losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now near the 50 level. Major Support Level – $1,230 Major Resistance Level – $1,275
