BTC Update:- BTC is bouncing from the $46,600. In our previous post we told you that if BTC did not manage to hold $49k then we can see more dump and exactly that happened.

What we expect now:- We expect a short term relief bounce but for another bullish rally first BTC has to break the $49k resistance (previously support). We expect a good bounce in the first week of January or might be we can see a new ATH in the month of January but for that BTC must break the $53k resistance.

Let's wait for some bullish confirmation from BTC. Stay tuned and pin our channel at top.

https://www.latestly.com/socially/technology/almost-6b-notional-of-bitcoin-options-are-set-to-expire-on-31dec21-what-a-way-to-end-latest-tweet-by-bitcoin-3197463.html

Expect some volatility in the market. Avoid leverage trading as of now.

MicroStrategy has purchased an additional 1,914 bitcoins for ~$94.2 million in cash at an average price of ~$49,229 per #bitcoin. As of 12/29/21 we #hodl ~124,391 bitcoins acquired for ~$3.75 billion at an average price of ~$30,159 per bitcoin.

https://www.microstrategy.com/en/investor-relations/financial-documents/microstrategy-acquires-additional-1914-bitcoins_12-30-2021

BTC is pumping and traded above $48k. We already told you that market could be volatile on this day. First we need to break and hold above $49k resistance. Otherwise this pump can become just another fakeout. Right now don't take any trade and don't fomo. Wait for the right time.

Enjoy your New Year Eve with your friends and family. Stay tuned and pin our channel at top.

According to data provided by on-chain data platform Santiment, out of the top 20 publicly visible cryptocurrency projects development activities on Github, Cardano, kusamanetwork & Polkadot are recognized as the top projects with the most development activity in 2021.

ADA is slightly ahead of both kusama and PolkaDot in terms of overall development activity in the past year.

Samsung launches first smart TV with NFT browsing and trading option

https://coingape.com/samsung-launches-first-smart-tv-with-nft-browsing-and-trading-option/

BTC DOMINANCE WEEKLY UPDATE:-

Bitcoin dominance is trading near a very strong support level and trying to breakdown the lower trendline. If we get a weekly close below the trendline or below 39.5 level then we experienced a mega Alt season.

So keep an eye on this support level and stay tuned.

BTC Update:- BTC is still stuck between the demand zone and supply zone. BTC still hasn't shown any strength in upward direction. No good volume is detected till now. The only good thing is BTC is holding the support demand zone well even after so many retest. The range is becoming tight day by day and we will see a breakout very soon. Be prepared for it.
All we need is close above the supply zone but in any case if BTC closes below supply zone($44k-$46k) then thing might get bad so keep an eye.

Stay tuned and pin our channel at top.

Once again BTC tested the support of $45,600. No need to be bearish yet till then BTC hold the $45k support. Currently, It is bouncing again from the support zone. Keep an eye on the $45k support zone.

Stay tuned and pin our channel at top.

BTC update:

Things are pretty simple here. BTC broke the $45k support and like we said, things went bad.
Currently, BTC is at the crucial support level $41k. It must bounce from this level or else $38k is next.
BTC has already dropped -40% after reaching it's all time high ($69k).

Let's keep an eye on this support level. We will keep things updated so stay tuned.

BTC update:

Like we said on our previous analysis, a bounce from the support or a drop to $38k support.

Well, BTC is bouncing back. We can expect BTC to bounce back around $45k level.
The $41k support level is still valid.

Stay tuned for more updates.

BTC isn't looking good here but we are yet to see the daily close. The daily close shouldn't be below the $40k to $41k support level. The RSI is already oversold and we don't see what's beyond oversold level. BTC must hold this level if not then we may see BTC dropping up to $38500 level.

Let's wait for the daily close, guys.

BTC update:

Alright guys, the daily close was at $41800 which wasn't bad at all. As expected BTC did not drop below the support level.

Now, here's clear picture of what could happen next if BTC maintains the $41k support level. Last Sept 2021, BTC was at the same support level and it consolidated back and forth from this level but once when it broke out, it reached a new all time high.
What we are assuming here is if BTC makes a similar move then we may see some consolidation here and then a massive move to reach the new all time high. This is possible only if BTC sustains the $41k support level. Breaking below this level will create a different scenario and situation which will discuss according to the price movement.

We have the weekly close after few hours and it is very important for BTC to either close above $42k to stay above $41k.

Pin our channel to the top for more exclusive updates.

Stay tuned.

Bitcoin long liquidation dominance has hit 69%, the highest level since the May 2021 deleveraging event.

This means that the majority of liquidations in futures markets over recent weeks were long traders attempting to catch the knife.

Breaking:- BITFARMS BUYS $40M WORTH OF BITCOIN

https://www.trustnodes.com/2022/01/10/bitfarms-buys-40-million-bitcoin

#BTC
The largest option expirations continue to be 14Jan22 and 28Jan22. The max-pain is located at 44k and 50k, respectively. In the last 24 hours, the calls prevail. This indicates a possible uptrend for the coming weeks.

Top traded instruments are $50k Calls for 28Jan22

BTC update in 4 hours timeframe:

We have seen some positive moves coming lately on BTC. This move is certainly creating a bullish vibe in everyone's mindset. It will be great if BTC makes a bullish move but we can't make fake promises.

So, here's a straight talk according to our T.A.
BTC bounced back from the support level of $41k which we talked about in our previous update. Currently, it is at $42700 which is a good bounce so far. We all are expecting BTC to bounce further or rally higher but we have resistance at the $43500 level. That's the area where we also have the upper trendline. This could be a critical area for BTC and to continue its bullish move, BTC must break above it.

If you have gone through our 8 hours BTC update then you will surely notice that so far it is following the path. Now, all we need is a breakout above this resistance level to continue the bullish move.

Note: If BTC fails to break this resistance level then BTC will possibly drop down to retest the $42k or $41k level.

Miners are accumulating #Bitcoin at the fastest rate since May 2021