Crypto News Cryptonaire Weekly Magazine 214th Edition Is Out Now

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    CRYPTONAIRE WEEKLY MAGAZINE 214TH EDITION IS OUT NOW


    {filename}-Cryptonaire Weekly Magazine 214th Edition Is Out Now


    The #1 CRYPTO TRADING MAGAZINE

    The US equity markets are witnessing a Santa rally but Bitcoin has been left behind as it has been trading near the $50,000 level for the past few days. As the year comes to an end, the focus shifts to what Bitcoin could achieve in 2022.

    Mexico’s third-richest person Ricardo Salinas Pliego in his Twitter message called out fiat currencies, the Dollar, the Euro, or the Yen as “fake money made of paper lies.” He told investors to “steer clear of fiat money” and “invest in Bitcoin.”

    Bitcoin broke and closed above the downtrend line on December 23 but the bulls could not sustain the momentum and push the price above the overhead resistance at £39,299.

    This suggests that bears have not yet given up and are selling on rallies. The BTC/GBP pair has turned down from the overhead resistance and could now drop to the 200-day simple moving average.

    The downsloping 50-day SMA and the relative strength index (RSI) in the negative zone indicate that bears are in control. If bears pull the price below £34,000, the
    selling could intensify and the pair could extend its downtrend. Alternatively, if the price rebounds off the 200-day SMA or the support at £34,000, it will suggest that bulls are aggressively buying at lower levels. The pair could then remain range-bound between £39,299 and £34,000 for the next few days.

    A break and close above £39,299 and the 50-day SMA will indicate that the downtrend could be over. The pair could then rally to £45,000 and later retest the all-time high at £51,000. We will wait for the price to break and sustain above £39,299 before recommending a trade in it.

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

    Enjoy the issue!

    Featuring in this weeks Edition:

    - Xanto

    - Bitshiba

    - bitcci

    - World Mobile Token

    - Smartchem (SMAC)

    - DeGethal

    - Deepsquare

    - Mirai Labs

    - Candao

    - Solidus

    - Fren


    Read More
    CRYPTO TRADE OPPORTUNITIES

    Binance Sets Sights on Crypto License in Bahrain

    DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap

    Turkish President Erdogan Says Cryptocurrency Law Is Ready as Crypto Regulator Fines Binance 8 Million Lira

    Nearly 50% of the blockchain industry’s usage comes from games

    bitcci – Revolutionising The Sex Industry

    Intelligent Fluids: The chemical industry embraces blockchain!

    The Importance of DeGethal and DTM Tokens

    Mirai: A sustainable ecosystem based on DeFi, NFTs and GameFi

    XAN – Xanto Biotech Firm Launches Native Token XAN

     
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