Jackobian Forums

Invesco strategist Paul Jackson said that Bitcoin could fall below $30,000 and he gives it a 30% chance of happening. "The mass marketing of bitcoin reminds us of the activity of stockbrokers in the run-up to the 1929 crash," Jackson said in a note, Business Insider reported.

Seba Bank CEO Guido Buehler said to CNBC that the firm’s “internal valuation models indicate a price right now between $50,000 and $75,000. I’m quite confident we are going to see that level. The question is always timing.” Goldman Sachs and Bloomberg Intelligence’s Mike McGlone are uber bullish on Bitcoin as they expect the price to reach $100,000.

We had mentioned in our previous analysis that Bitcoin could pick up bullish momentum if it breaks above £32,353.68. Although the price sneaked above this resistance on January 12 and 13, the bulls could not sustain the higher levels.

This suggests that bears continue to sell on rallies. The failure to rise above the resistance has attracted profit-booking. The bears will now try to pull the price to the strong support at £29,000.

The moving averages have completed a death cross and the relative strength index (RSI) has dipped below 35, suggesting that bears have the upper hand. If sellers sink
the price below £29,000, the BTC/GBP could start the next leg of the downtrend.

Alternatively, if the price rebounds off £29,000, the bulls will make one more attempt to clear the overhead hurdle at £32,400. If they succeed, the pair could rise
to £34,031.76.

The trend favours the bears hence, we suggest traders remain on the sidelines. We will wait for the price to rise above the moving averages before turning positive.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue!

Featuring in this weeks Edition:

- Candao

- Onino

- Digital Arms

- bitcci

- Mine Network

- Hubble Protocol

- Deepsquare

Read More
CRYPTO TRADE OPPORTUNITIES

Solana Could Become the Visa of Digital-Asset World: Bank of America

NFT Platform OpenSea Hits Record $3.5B in Monthly Ethereum Volume

Cardano Hits 3-Week High Amid Flurry of Activity

UK 3rd for ETH ownership as crypto adoption grows 1% in December

Digital Arms – The only Cryptocurrency and Firearm NFT trading Platform in the World

bitcci – Adult Industry Problems

CANDAO: ADVANCING DECENTRALISED SOCIAL CONNECTIVITY WITH DAO’S!

MINE NETWORK: ELIMINATES LIQUIDITY PROBLEMS WITH EASE!

Jay Hatfield, chief executive of Infrastructure Capital Advisors said: “Cryptocurrencies are likely to remain under pressure as the Fed reduces its liquidity injections.” He projects Bitcoin to end below $20,000 in 2022.

However, the bearish projections are not shared by all analysts. Bloomberg Intelligence analyst Mike McGlone said in a recent analysis that Bitcoin may find
support closer to $30,000 and Ether near $2,000. From there, McGlone expects both coins to start a bull run, with Bitcoin heading to $100,000 and Ether to $5,000.

Former Legg Mason fund manager and billionaire Bill Miller revealed in a recent interview with WealthTrack that direct and indirect crypto investments make up about 50% of his personal portfolio.

We had mentioned in our previous analysis that Bitcoin’s failure to rebound off the 200-day simple moving average (SMA) was a bearish sign and could lead to further
downside and that is what happened.

The BTC/GBP pair plunged below the strong support at £34,031.76 on January 4. This intensified the selling and pulled the pair to the strong support at £29,000. The long tail on the day’s candlestick shows that bulls are attempting to defend the level aggressively. If buyers push the pair above £32,353.68, the pair could pick up momentum and rally to the breakdown level at £34,031.76 which is likely to act as a strong resistance.

The moving averages are on the verge of forming a death cross and the relative strength index (RSI) is near the oversold zone, indicating that bears are in command.

If the price turns down from the overhead resistance, the pair could consolidate between £29,000 and £34,031.76 for a few more days. The next leg of the downtrend
could begin on a break and close below £29,000. If that happens, the pair could plummet to £26,845 and then to £21,462.10.

This negative view will invalidate if the price breaks and sustains above the moving averages.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue!

Featuring in this weeks Edition:

- Fren

- Mine Network

- Bitshiba

- Onino

- Hubble Protocol

- Deepsquare

Read More
CRYPTO TRADE OPPORTUNITIES

Single inactive volcano has 90% chance of powering El Salvador's Bitcoin City, according to president

Associated Press to Launch NFT Marketplace on Polygon to Support Journalism

JPMorgan Analyst Predicts Coinbase Will Be ‘Leading Beneficiary’ of Crypto Growth This Year:

Building a Secure Crypto Infrastructure for Institutional Investors

Bitshiba: A token for the community built on DeFi!

Fren Tokens lead the way for community tokens

ONINO – The multi-purpose cross-chain metadata registry | Pre Sale filled in 3 min

Fren Social Space and Social token

Bitshiba: An Innovative Community-owned Token