*Popular Analyst: "Bitcoin is at a crossroads, but this altcoin may rise up to 200 percent!"*
ㅤㅤ

ㅤ
Stating that Bitcoin is consolidating in a channel, Ali Martinez said that the current focus support level for BTC is $ 42,400.

Saying that this support level is a distinction for BTC at this point, the analyst claimed that BTC will either go to $ 40,700 or $ 44,400.

Accordingly, if BTC cannot recover from its current level and continues its downward trend, it may fall to $ 40,700, and if it recovers, it may rise to $ 44,400.

“On the 4-hour chart, Bitcoin is consolidating in a parallel channel, which puts all the attention on the $42,400 support.

A sustained decline below could see BTC continue towards $40,700. “On the other hand, a recovery from here could pave the way for a rise to $44,400.”

Bitcoin continues to trade at $42,670 at the time of writing.

In the 4-hour chart, #Bitcoin is consolidating within a parallel channel, which puts all the focus on the $42,400 support.

A sustained drop below could see $BTC head to $40,700. On the flip side, a rebound from here might set the stage for an upswing toward $44,400

If you like the analysis, try giving a tip, it will really help, as a small trader even 1 dollars means a lot

$BTC $ETH #BTC #sol #xrp #INJ #BullishAltcoins

Crypto Market Selloff: Why Bitcoin, ETH, SOL, XRP And Other Crypto Fell Suddenly
ㅤ
ㅤㅤ
ㅤㅤ
ㅤ
Here’s Why Crypto Market Is Falling Suddenly
Investors expected a Santa Claus rally, but the high funding rates are causing panic among traders. The market needs to cool down in order to continue moving upwards. Coinglass derivatives exchange data platform reported that “Funding Rates going crazy. Expect huge volatility.”

This caused traders to move away from their long positions, causing a broader crypto market selloff. The crypto market saw $40 million longs liquidated within just an hour. In the past 24 hours, 70,611 traders were liquidated and the total liquidations is at $170 million. Among this, over $90 million of longs and $79 million of shorts were liquidated.

BTC, ETH, SOL, ORDI, XRP, SATS, AXS, and 1000SATS are most liquidated in the last 24 hours, with ETH leading the liquidation in the last 1 hour.

Meanwhile, Mt. Gox creditors have reportedly started receiving their Bitcoin payments. It will cause some to sell their Bitcoin gains, with miners looking closely at the event.

BTC, ETH, And Other Crypto Prices Tumble
CoinGape reported that the coming Friday’s annual options delivery will be a key event, with nearly half of Bitcoin and Ethereum options positions facing delivery. With high funding rates, traders could be looking to shift their positions, considering various factors including an anticipated spot Bitcoin ETF approval, Bitcoin halving, and technical charts.

BTC price fell from a 24-hour high of $43,765, with the price currently trading at $42,759. Moreover, trading volume has increased by 26% in the past 24 hours, indicating interest from traders. It happens as BTC OI-weighted funding rate jumps significantly higher.

ETH price trades at $2231, down over 2% in the past 24 hours. The trading volume has increased slightly in the past 24 hours

If you like the analysis, try giving a tip, it will really help, as a small trader even 1 dollars means a lot

$BTC $ETH $SOL #BTC #sol #xrp #INJ #BullishAltcoins

Top Altcoins to Buy in Christmas: AXS, MINA, ORDI$BTC #sol #BTC #NEAR #ORDI #SATS $SOL

Top Altcoins: Amid the Santa Claus Rally sentiment, the crypto market has taken a bullish turn since last week. While the top two leading cryptocurrencies Bitcoin and Ethereum have 5-9% weekly, several altcoins have witnessed a buying inflow.

However, a few tokens Axie Infinity (AXS), MINA, and Ordinals(ORDI)have even aggressively projected their potential for a higher rally.

The global cryptocurrency market capitalization now stands at $1.68 trillion, marking a slight rise of 0.10% since yesterday. Additionally, the total trading volume in the crypto market over the past 24 hours has reached $62.75 billion, representing a significant increase of 8.31%.

In addition, the market participant’s growing anticipation of potential approval of a Bitcoin spot ETF gets another boost: the SEC has set a deadline of December 29, 2023, for the completion of applications for a Bitcoin Spot ETF. This decisive step may generate a wave of optimism among investors, as it suggests a possible imminent approval of these highly anticipated financial instruments.

If you like the analysis, try giving a tip, it will really help, as a small trader even 1 dollars means a lot

Solana’s SOL Rallies Past $100, Continuing Torrid Month $SOL #sol #BullishAltcoins #BTC!💰 #BTC #

The Solana blockchain's native token SOL broke $100 Saturday, reclaiming a price level not seen since the eve of Terra's collapse a year and a half ago.
At press time SOL was valued at around $102 a coin. It has increased in value more than tenfold in 2023 and is up over 70% in December alone, according to CoinDesk Indices.
Saturday's price action capped weeks of frenzied trading that have – at least temporarily – vaulted the Solana blockchain up the leaderboard for on-chain activity. Solana-based decentralized exchanges are nearing Uniswap's multibillion-dollar trading volumes for the first time, according to DefiLlama.
Much of that energy is being driven by rampant speculation. Some of the most popular crypto assets being traded on Solana right now are dog-themed meme coins. But airdrops, too, are prompting droves of traders to test out Solana-based lenders, bridges and other infrastructure.

Solana is a smart contracts platform that supports fast and cheap crypto transactions. It has been compared to Ethereum, which despite Solana's ascendence, is still the most popular and best-known place for crypto traders to play on-chain

If you like the analysis, try giving a tip, it will really help, as a small trader even 1 dollars means a lot

Spot Crypto ETF Applications Will Be Considered, Hong Kong Regulators Say $BTC #BTC

Hong Kong regulators said they are ready to consider applications for spot crypto exchange-traded funds (ETFs).
In a joint statement, the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) said the virtual asset environment has changed since 2018, when the SFC formulated a "professional-investors only" regulatory approach.
Hong Kong has been loosening its approach to crypto this year, and the regulators' opinion on retail exposure to digital assets has shifted. In October, the SFC updated its rule book to allow a broader range of investors to engage in spot-crypto and ETF investing. Then, last month, SFC Chief Executive Officer Julia Leung said the regulator was moving toward allowing retail amidinvestors to buy spot crypto ETFs and would "welcome proposals using innovative technology that boosts efficiency and customer experience" provided any risks were addressed.
"The virtual asset landscape has evolved rapidly and begun to expand into mainstream finance," the two regulators said in Friday's statement. The SFC "is prepared to accept applications for the authorisation of other funds with exposure to virtual assets, including virtual asset spot exchange-traded funds (VA spot ETFs)."

The statement comes amount mounting speculation the U.S. Securities and Exchange Commission is likely to approve a spot bitcoin ETF in the first few weeks of next year.

If you like the analysis, try giving a tip, it will really help, as a small trader even 1 dollars means a lot

$BTC #Bitcoin prices on #Christmas over the years:

2013 - $666

2014 - $323

2015 - $455

2016 - $899

2017 - $13,926

2018 - $4,079

2019 - $7,323

2020 - $23,736

2021 - $50,822

2022 - $16,822

2023 - $43,665

If you like the analysis, try giving a tip, it will really help, as a small trader even 1 dollars means a lot

##MyFirstFeedPost Hello, Binance Square!

🪙 #BTC

Despite the holiday, the new week started with movement and some selling pressure. BTC broke below the lower boundary of the triangle, as previously mentioned, canceling the short-term growth scenario and delaying the medium-term outlook.

❗️ It is crucial now to monitor whether the price will establish below the breached support zone, around 43.4K. If it does, we can expect further decline, at least towards 42K. However, the price is currently being held back from further decrease by the 4-hour Ichimoku Cloud and the 50-100 Moving Averages, situated around ~42.8K.

📉Bitcoin dominance is also declining along with the price, so altcoins seem indifferent to the local movements on the Bitcoin chart.

⭐️ Additionally, it's worth noting that there are no significant market events scheduled for this week. Most participants are either preparing for holidays or celebrating, meaning few significant announcements are expected. I do not anticipate heightened volatility; there might be some local movements, but within reasonable bounds.

Bitcoin dominance: 52.11%;
Fear and Greed Index: 73 (Greed);
Altseason Index: 63;
Market capitalization: $1.62 trillion.

If you like the analysis, try giving a tip, it will really help, as a small trader even 1 dollars means a lot