It was a day of stability in the crypto currency market as the serpin of SEC’s sanction against Kraken.
The growth of my ecosystem can be prevented
The decision will prevent the growth of the ecosystem by limiting the amount of interaction of the US crypto owners in the central platforms, but this can be a good thing for the decentralized finance (defi) because Hodler is more likely to use the options in Defi that US regulators can no longer reach.
The data provided by TradingView shows that Bitcoin (BTC) bulls could defend the attack of bears trying to bring down another foot in the best crypto currency, stopped the decline in $ 21,530 and increased BTC over $ 21,600 in the afternoon.
As a result of SEC’s move and then the sprinkler in the market, ‘The price increase in the daily bar graph was wasted and the bulls lost short -term technical advantages’ According to the technical analyst Jim Wyckoff, ‘Bears are now gaining momentum on their sides.’
The Head of the Research reported his views
Markus Thielen, President of Matrixport, presented an insight on how to play an inspirational decline from SEC, and in the last issue of the Matrix on Target news bulletin, at this point, we recommend selling Bitcoin Strike of $ 19,000. The end of the period is March. ‘ Thielen, ‘Bitcoin was financially financially $ 20,000, it was at the FTX explosion and potentially would take a similar risk to break the lower side, so the breaking of $ 19,000 does not seem relatively possible’ he wrote.
As for the horizontal price movement seen in Bitcoin in the last few weeks, Thielen stated that ‘Bitcoin tends to move very quickly with 4,000 points’ and’ Bitcoin can re -test the resistance in $ 24,000 and successfully pass the price potentially to $ 28,000.
Researcher, 2022 rising inflation and the decisions of central bankers negatively affected the crypto market, but in 2023 so far ‘is experiencing the opposite’ he said. ‘Therefore, most people missed this powerful rally this year.’ Shortly after the FOMC meeting minutes in the middle of December were published on January 4, Bitcoin entered a rally. In the news bulletin, it was emphasized that a similar movement was seen on January 12th that Bitcoin was rally after the US inflation came lower than expected.
Thielen, ‘all the Central Bank events (meetings and minutes) and also when we map the release dates of CPI data, Bitcoin rally will continue to continue in the first half of 2023. Based on the ‘January effect’, Bitcoin can reach $ 45,000 by the end of the year. ‘ he said.
Crypto coins that stand out in the red sea
The Altcoin market, traders, which entered the market during the last increase in prices, came out of the stage within the last 24 hours to wait for more calm market conditions, and the inspiration from the SEC was harshly affected by the decline.
As always, a 55.6 %increase for SKAL (SKL), a 20.75 %increase for Mobilcoin (MOB), and a 12.62 %increase for SYSCOIN (SYS), including many tokens managed to reversed the decline trend to provide double -digit gains. Kriptokoin.comAccording to data, the general crypto money market value is currently $ 1.014 trillion and Bitcoin’s dominance rate is 41.1 %.
