BTC Is on a Bullish Run to a High of $20.9K

Bitcoin Breaks over Further Barriers on Its Way to a High of $20.9K – January 13, 2022

Bitcoin’s upward pattern resumes because it breaks extra resistance ranges to a excessive of $20.9K. In retrospect, since November 9, BTC/USD has been restricted to a vary between values of $16,000 and $18,000. The largest cryptocurrency at one level was restricted to a tight vary between $16,000 and $17,066. Bitcoin has risen previous the psychological worth milestone of $20,000 at present.

Bitcoin Price Statistics Data:•Bitcoin worth now – $20,887.18•Bitcoin market cap – $402,377,527,835•Bitcoin circulating provide – 19,261,431 BTC•Bitcoin complete provide – $438,693,262,061•Bitcoin Coinmarketcap rating – # 1

Resistance Levels: $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000

Bitcoin has regained bullish momentum following the latest worth restoration. First, the preliminary resistance degree of $17,066 was overcome by purchasers who have been within the lead. BTC’s worth bounced again 3 times on January 11 after breaking by way of the $18,391 resistance degree. As Bitcoin prepares to retake the $20,000 psychological worth threshold, the cryptocurrency has surged past that degree at present. If consumers keep the present optimistic pattern, Bitcoin will advance to the following resistance at $21,470 on the upside. Despite this, the marketplace for Bitcoin is dangerously overbought. This may forestall the value of BTC from rising to the next resistance degree. The overbought state may not final in a market that’s strongly trending. At the time of writing, BTC/USD is at the moment buying and selling at $20,976. Additionally, in accordance to the Relative Strength Index for interval 14, Bitcoin is at degree 89 and is subsequently overbought.

Hong Kong Hopes to Become a Crypto Powerhouse Amid Industry Crisis

Hong Kong is working arduous to supervise the cryptocurrency market appropriately in order that applied sciences like Web3 can attain their full potential. Despite the present trade disaster introduced on by the FTX collapse, the Hong Kong authorities remains to be dedicated to constructing out the infrastructure for cryptocurrencies. Paul Chan, the monetary secretary for Hong Kong, claims that in 2023, native regulators and the federal government are prepared to work with fintech and cryptocurrency startups.

According to a report from the general public broadcaster Radio Television Hong Kong (RTHK) on Jan. 9, Chan remarked that Hong Kong has remodeled into a basis connecting high-quality digital asset companies whereas talking at an occasion organized by the government-run incubator Cyberport. Many business teams, in accordance to Chan, have expressed a want to develop their operations in Hong Kong or to record on regional exchanges. The official claims that Hong Kong is making each effort to supervise the cryptocurrency market appropriately to unleash the potential of applied sciences like Web3.

Nevertheless, the most important cryptocurrency manages to retake the psychological worth barrier, reaching a excessive of $20.9K. The cryptocurrency is predicted to attain the November 5, historic worth degree of $21,470 on . Bitcoin can be projected to obtain its all-time excessive of $22,794 on September 13. However, extra good points are unlikely because the market approaches overbought territory.

Furthermore, the cryptocurrency markets have continued a bullish pattern as the worth of Bitcoin rises. This is your probability to acquire the MEMAG token. Meta Masters Guild (MEMAG) is essentially the most quickly rising Play-to-Earn guild of this 12 months. It goes to be the most important cell gaming guild in Web3. Fun and attention-grabbing video games, that are appropriate with NFTs, are created. And there, neighborhood members are rewarded as they speculate and in addition make investments. The MEMAG presale is ongoing and shut to $500,000 has been raised up to now.

Related

• Meta Masters Guild – The Fastest Growing Play-to-Earn Guild of 2023• How to purchase MEMAG

Meta Masters Guild – Play and Earn Crypto

Innovative P2E NFT Games Library Launching in 2023
Free to Play – No Barrier to Entry
Putting the Fun Back Into Blockchain Games
Rewards, Staking, In-Game NFTs
Real-World Community of Gamers & Traders
Round One of Token Sale Live Now – memag.io