After much anticipation in the cryptocurrency market, the action has begun. The upward movement that started with the leading cryptocurrency Bitcoin quickly gained attention. Those who like to hold their investments in the cryptocurrency market for more than a year, Investments that melt and those who appreciate the time of money get excited again.
Along with Bitcoin, other cryptocurrencies also fell quickly and some of them added 2 more zeros and became even more valuable.
As investors fled due to the loss of confidence in cryptocurrencies and their unwarranted decline, the remaining investors recorded large losses.
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Sounds like $1 trillion
A drop below $1 trillion has kept investors from coming in for a long time. Due to the loss of confidence, Bitcoin was sold at the level of 15-16 thousand dollars for a long time.
BITCOIN shows 19 thousand thousand dollars
After a long time, Bitcoin saw 19 thousand 74 dollars. After rising above the $16,000 level, Bitcoin gained almost 19 percent in a short period of time.
LITERATURE SAYING TO AFA POSITIVE
Ethereum rose from the $1,200 level to the $1,400 level. Thus, Ethereum also gained about 17 percent in a short period of time.
Don’t be fooled by the bull trap
A bull trap appears after every drop in the cryptocurrency market. Bulls try to keep the market positive by buying lightly, believing that other investors will be bearish. Then when the bulls see a return of around 7-10 percent, they start dumping crypto assets by placing sell orders, and small investors’ money turns into brands.
Rules must come
A huge gap in the cryptocurrency market causes wealth to evaporate. Although the government continues to work on the regulation of cryptocurrencies, a legalized and regulated market has not been achieved for a long time. The lack of space, the abundance of cryptocurrencies with no money and no history, and the fact that cryptocurrency entities are not subject to any laws that cause hundreds.
Don’t get carried away by the RIGHT HELP
For the leading cryptocurrency Bitcoin, you should not believe those who make predictions like “will see 100 thousand dollars, see 250 thousand dollars”, deep fundamental and technical analysis must be analyzed, and if they give the price of the token, you must pay. attention to the date.
Professionals are paid
Self-proclaimed professionals make money on social media or work as salaried employees on digital currency exchanges. If the experts who analyze when cryptocurrencies will rise and fall can also analyze themselves, they can become millionaires and have a very good life instead of working for a salary. With this in mind, you should be wary of people who claim to be experts.
HOW CAN CRYPTO MONEY COME?
Cryptocurrencies do not have margin gaps, so your money can be in the thousands at once and suddenly drop to zero. Since it does not depend on any authority, it is not subject to rules and laws. Coins purchased from any cryptocurrency exchange may evaporate when the digital currency exchange closes. Known as the most logical way to store cryptocurrency received in a cold wallet. Cryptocurrency exchanges only act as intermediaries, and keep the coins in cold wallets. Cryptocurrency exchanges can slow down their system to protect themselves in the event of a rise or fall, so investors can suffer as trades cannot take place. Since it is not bound to any authority, almost anyone can make a statement about cryptocurrency and claim to be an expert. Although most ordinary people on social media do not have access, they give advice and sacrifice to investors. Although the interpretation is made graphically, a single change affecting the global economy can destroy the entire analysis. That is why you should be careful and aware of the risks when investing in cryptocurrencies and update your stop orders daily.
“19 THOUSAND DOLLARS Appear After a Long Time”
ONUR ALTAN TAN is the CEO of BITCI HOLDING
The positive mood continues in the cryptocurrency market led by the BTC / USD parity. Leading cryptocurrency BTC/USD tested the $19,000 level after a long break. Now the focus will be closing weekly this week. This is because the point of resistance and equity rising has crossed above the lower channel corresponding to the level of $18 thousand 100 and started in the week of August 15, 2022. Therefore, for this move to be meaningful, the pair must complete the weekly closing of this resistance. Otherwise, it is useful to note the possibility of a positive technical outlook turning negative again.
“Across the trend”
While this trend is happening in Bitcoin, there is a similar development in the leader of altcoins, ETHEREUM. With this increase, the equity exceeded the decline that has taken place since the week of November 8, 2021. Again, after some time, the parity tested above the resistance of $ 1,420. The continuation of the uptrend depends on this point exceeding the volume and closing above. However, the failure to break the $1,420 resistance after several attempts may threaten a pullback to the $1,350 level in the first phase of parity.
“It’s worth 21,500 dollars in bitcoin”
The pair must break above the resistance of $21,500 for the FTX event pressure to be removed. If this happens, there may be an intermediate resistance zone of $22,800-$23,000 and a gradual rise between $25,000 and $25,500. Before talking about the bearish reversal in the pair, this group should be broken down by size.
“SHORT HANDS”
STAR AVAL- BITEXEN Research Manager
US inflation data continues to decline after the Federal Reserve hike. Annual inflation data for December was also announced at 6.5%. The continuation of the downward trend in inflation is one of the key factors that signal the easing of the Fed’s strict interest rate policy. Lower interest rate hikes and a possible Fed Pivot in 2023 are events that are reviving risk appetite in the market. This led to a boom in the cryptocurrency ecosystem, especially Bitcoin, in a short period of time.
“WHAT IS THE RISK AND WHAT IS THE MONEY”
Markets were positively influenced by US inflation data which was in line with expectations in the short term. Almost two months later, Bitcoin again topped $19,000. Global risk appetite needs to be closely monitored to maintain a positive outlook. The market, especially if US inflation data in 2023 is in line with the Fed’s expectations, could see a scenario where risk appetite and money flow increase in the market.
“BRIEF DEVELOPMENT ACCELERATION RULE”
In 2022, cryptocurrencies also experienced a significant stress test, when many platforms experienced problems and we received bankruptcy notices from important institutions. In the process, strong projects that survive provide important tests and gain confidence. Overall, it has been a busy year for cryptographic regulatory research. We expect that the negative developments we have experienced will have a rapid impact on the regulatory process and that significant regulatory steps will be taken in 2023.
“THE SECOND SMALL INVESTOR ANALYZES ONE MARKET”
Cryptocurrency markets have higher volatility compared to traditional markets. This means that in the short term, market price movements can be rapid or bearish. What differentiates investors at this point is their investment vision and maturity. Small investors should be able to analyze the market well before investing based on short-term movements. Keeping current with data and developments and being able to interpret market direction are key considerations in market behavior.
Due to the nature of financial assets, it is inevitable that there will be periods of ups and downs in prices. This cycle occurs in several processes in the cryptocurrency market. During the last phase of the bull market, most investors entering the market should wait. In doing so, these investors can take steps to better familiarize themselves with the market cycle by learning about cryptocurrency, market analysis, and investment. Bear periods occur when projects and all stakeholders in the ecosystem can recover from price volatility.