28.12.2021 Crypto Analytics Almost all of Monday the dol | INSIDER says (EN, ES, RU)

28.12.2021

Crypto Analytics

Almost all of Monday the dollar was falling across the entire market spectrum except for the European currency. Crypto also took advantage of its weakness, allowing bitcoin and altcoin to show strong growth. In my last review, I wrote about a major influx of funds to the Binance exchange and the emergence of a new player. Now it becomes clear that the aim was to organize a bull trap in the thin market with a false breakdown of the level of 52000. The fall in the rate of almost $3500 allowed this whale to go well into the stabelcoin. As a result, the upward momentum is lost, the area of 51500-52000 remains unpassed, the support in the area of 49600-50000 is broken.

In the pre-holiday days with low liquidity in the market, the dynamics can unfold at any moment and the rebound can start as quickly as the fall. It is desirable for the bitcoin to return above the 50,000 level in the near future and not let it go below 47500. A break above 52000 would open the way to the key levels of 53500 and 55500, overcoming which would complete the correction phase and eventually return the bitcoin to the 55000-60000 range and higher. A drop below 47500 will put the 45000 and 42000 levels back on the agenda.

Forecast for today: Trading in the 47500-50000 range. Despite the weekdays liquidity in the market remains quite low and trading during this period carries increased risks.

The next review will be if the picture on the market changes significantly.

Information background

Iran has banned miners again

CryptoCom CEO Chris Marszalek accused Coinmarketcap of undervaluing exchanges

Mexican billionaire Ricardo Salinas Pliego called fiat money fake and urged to invest in bitcoin

Binance exchange has received regulatory approval from the Central Bank of Bahrain

Cardano founder Charles Hoskinson talks about plans to grow the network in 2022

Decentraland will hold a fashion week in the meta universe

Binance has received regulatory approval in Canada

Dogecoin co-founder Billy Marcus says he will never go back to work on the project because of people's attitudes