Bitcoin surpasses US$ 40 thousand in new historical record

Valorization in 2021 is almost 40%

Three weeks after passing the US$ 20 thousand mark, Bitcoin decided to keep rising and doubled its value. The digital currency has just broken a new record and is traded above US$ 40 thousand.

Since last October the digital currency has started to appreciate, driven mainly by institutional investors and now has gained momentum due to high retail demand.

In 2020 alone the digital asset had a valuation of over 300%. In early 2020 the currency was quoted at $7,000 and ended the year worth $29,000.

In 2021 the currency has already appreciated 38%, starting the year at US$ 29 thousand and now surpassing US$ 40 thousand.

In Brazil the bitcoin circuit is already traded in the range of R$ 220 thousand. High also maximized by the dollar, which is now quoted at R$ 5,10.

The demand for the asset has increased on the last days, reaching the highest level of interest since January 2018.

In other words, retail finally seems to have taken an interest in the digital currency and the high demand has taken the currency to land never explored before.

The high interest has also made Brazil’s largest brokerage firm face instabilities, something common in the market when demand explodes.

No one wants to be left behind, everyone wants to buy the asset that appreciated 300% in 2020 and can appreciate even more.

However, history has already shown that when Google demand increases it is probably time to sell.

But if there’s one thing Bitcoin has shown, it’s that past events don’t usually repeat themselves in the future. Digital currency is a new asset that is being adopted by those who have courage.

The total market value now is US$ 747 billion, making Bitcoin the 8th most valuable asset in the world.

Prijsvoorspelling Bitcoin Cash: BCH tot $ 600, analist

De prijsvoorspelling van Bitcoin Cash verwacht een stijging tot $ 600.

Een sterke weerstand ligt rond de $ 480.

Sterke steun ligt op het $ 430-teken

De prijsvoorspelling van Bitcoin Era door Akhi Prajapati laat een drievoudig bodempatroon zien in de grafieken van de cryptocurrency. De analist verwacht dat het actief vervolgens een uitbraak zal waarnemen en over het $ 800-niveau zal stijgen. De BCH- prijs was op 7 januari over het $ 480-niveau gestegen, terwijl Bitcoin BTC een grote prijsstijging waarnam en naar een nieuw record boven de $ 40000 klom.

Terwijl de koning van de cryptocurrencies hoger op de hitlijsten komt, lijken de altcoins hun aanvankelijke bullish momentum vanaf 7 januari te hebben gevolgd met een korte correctie vanaf 8 januari. Bitcoin Cash begon zijn tweedaagse reis vanaf het $ 350-teken en bereikte geleidelijk zijn weg naar het $ 480-niveau voordat het een prijscorrectie observeerde.

De hoogste prijs die Bitcoin Cash BCH op 8 januari bereikte, was $ 458,77, terwijl de laagste $ 404,65 was op Bitstamp

Op het moment van schrijven handelde Bitcoin Cash op $ 442,07. BCH observeerde prijsschommelingen tussen de $ 430 en $ 460 niveaus voordat de transactie werd gesloten. Deze zijwaartse beweging kan doorgaan voordat de dagelijkse handel is afgelopen.

Wat de technische zaken betreft, geven zeventien van de achtentwintig hiervan een koopsignaal aan, terwijl zeven technische zaken neutraal zijn en vier in de verkooppositie. De meeste hiervan zijn voortschrijdende gemiddelden, die duiden op een sterke koop, terwijl de oscillatoren de voorkeur lijken te geven aan een verkooppositie voor het BCHUSD-paar.

Op het 1D-tijdsbestek kunnen we de BCH- prijs zien terugkeren van de bovenste Bollinger-band. Dit kan een indicatie zijn van een zijwaartse beweging voor het BCHUSD-paar.

Tron (TRX) price moves towards massive 2-year resistance

Tron’s price is facing long term resistance at $ 0.043, and is supported at $ 0.024.

The TRX broke a descending resistance line.

It is probably in an extended wave 3.

Tron (TRX) has been trading below resistance at $ 0.043 for over two years.

The price of Tron is expected to gradually rise and attempt to break through this resistance again.

Long-term resistance of Tron

The Crypto Comeback Pro has been trading below the resistance of $ 0.043 since June 2018. This is also the 0.382 fibonacci retracement of the last descending move to date. So far, the TRX has attempted to break through this resistance four times without success, the most recent dating back to November 2020.

If it does manage to break through it, the next resistance would be at $ 0.066, which is the 0.618 fibonacci retracement level of the entire previous bearish movement.

That said, the technical indicators are neutral and fail to confirm a passage of resistance.

The daily chart shows a strong support area at $ 0.024. The latter was last tested on December 23, and has catalyzed the current upward movement.

Unlike weekly data, daily technical indicators are clearly bullish. This suggests that the TRX should likely move up and try again to break above the long term resistance at $ 0.043.

Cryptocurrency trader @Bleeding_Crypto presented a chart of the TRX, saying the next upward move could take it up to $ 0.05

The information provided by the daily data supports this possibility. The six hour chart also indicates that the TRX broke through a descending resistance line and then validated it as support.

The closest resistance zone is at $ 0.033. If the TRX manages to regain this area, its rise will likely accelerate.

The wave count suggests that the TRX would have potentially completed waves 1 to 2 of a long-term bullish pulse (white below) and is currently in wave 3.

A possible target for the top of the move would be between $ 0.092 and $ 0.093. This margin is obtained by projecting the length 1.61 of the wave (fibonacci level in white) and the external 2.61 retracement of wave 2 (fibonacci level in black).

The sub-wave count is shown in orange. The TRX appears to be in sub-wave 3.

A decline below the low of Subwave 2 (red line), at $ 0.023, would negate this wave count.