On December 22, the bitcoin (BTC) approached $ 50,000 as the price correction was likely to end.
1 hour candle line BTC / USD (Bitstamp). Source: TradingView
Be optimistic after the $ 50,500 break – analyst
Data from Cointelegraph Markets Pro and TradingView show that BTC / USD had a high of $ 49,600 on Bitstamp.
As the bitcoin and gold currencies continued to rise due to the Turkish lira turmoil on Monday, the cryptocurrency rally continued in the spirit, with the focus now on the New Year and the price level above $ 50,000.
“The first breakthrough was in bitcoin. But we still have to break our level to declare that we are optimistic, “said Michael van de Poppe, a member of Cointelegraph.
“Overall, the breakout is at the $ 50.5-51.5,000 level, and I believe that. And 2022 should be a good year overall. »
As the $ 50,000 represents a psychological resistance, others have turned to online standards, once again proving the strength of the bitcoin.
Among them is Dan Tapier, the fund’s director, who has given an uptrend to the MACD during the historical buying period.
“It simply came to our notice then.
The two indicators in the MACD BTC / USD include the relationship between the average line and the downtrend before the price rises.
One-day candlestick line with BTC / USD MACD (Bitstamp). Source: TradingView
When the last buy signal appeared, it was at the end of September, before the bitcoin hit its all-time high for more than a month.
The sensitivity index has doubled
On a more encouraging note, investors began to announce a stronger daily profit on Wednesday.
Topic: 12/20 Price Analysis: BTC, ETH, BNB, SOL, ADA, XRP, LUNA, AVAX, DOT, DOGE
The largest market cap on the market for alkaline ether (ETH) was $ 4,000, up 16% at the time of writing the famous Terra (LUNA).
Ripple’s XRP mark is up 9%, and none of the top 10 cryptocurrencies on the market cap are in red.
“If I want to put myself in a good position, I’m going to buy secret money at this stage,” Van de Poppe added.
“The mood is still not the best, many gold coins have fallen sharply, some even 80% after the ATH. ”
The Crypto Fear and Greed Index rose sharply overnight to 27 from 45, but still made the market a “scare”.