After a severe crash in prices, the crypto market managed to recover. Most technical traders managed to perfectly set up their trades as most cryptos reached their respective strong support levels. Bitcoin managed to climb by more than 10%, pushing the entire cryptocurrency market upwards. This is no surprise as Bitcoin's dominance over the crypto market is still significant, making up 41.5% of the entire market. Why is Bitcoin up? Can you still get on board and buy Bitcoin?

After news of the Russian invasion surfaced, the crypto market along with equity markets around the world took a strong hit. Prices of Bitcoin specifically crashed from a high of $39,700 all the way towards $34,300 losing more than 13% in a single day. However, this drop was not entirely justified. It is true that investors tend to liquidate their holdings and substitute their investments into liquid cash. On the other hand, this narrative can be true in Eastern Europe but not in the entire world. The crash was but a mere snowball effect.

The $35,000 price of Bitcoin represents currently a very strong support area. When prices reached this support, prices rebounded higher. In figure 1, we can see how prices even made a fakeout right below the 35K support line, but recovered slightly afterward.

In order to have a better understanding of prices, we need to zoom out and have a look at the macro view. If we zoom out on the daily chart of Bitcoin, we can confirm the 35K support and the resistance of 40K. Earlier in August 2021, prices tended to retrace from the 40K psychological price in either direction.

In fact, Bitcoin technicals always responded well to psychological price levels, with occasional fakeouts. That's why it is always important not to place narrow stop-losses when trading those psychological areas. Important areas for Q12022:

• $35,000
• $40,000
• $45,000

The current fundamentals are a bit negative. However, in a previous article, we highlighted how the current war can make crypto prices crash in the short-term, but recover in the medium/long term. This deduction was taking into account a global pandemic, where we compared what happened to the crypto market when COVID-19 started back in March 2020.

It is a bit too soon to conclude that cryptos already recovered from the Russia/Ukraine war events. But to confirm the trend reversal, we need to see prices break the $45,000 price mark and consolidate around that area.

Failure to breach 45K and prices crashing back towards 33K should be alarming for crypto investors. This move will definitely signal an upcoming crash well below 30K. This is not likely to happen for now, but it is always beneficial to always keep a close eye on the overall cryptocurrency to know when to exit, and more importantly, to know where to enter and profit.

Stay Ahead, Stay Updated
Rudy Fares

The Bitcoin price has stabilized slightly in the last few days and could rise more strongly if it breaks above $38,000. But if Bitcoin cannot break through the resistance, there is a risk of another sharp drop lower. What does the near future of the Bitcoin price look like? Let's assess Bitcoin's newest price developments in this Bitcoin price prediction.

In the last few days, we have experienced another sharp drop in the Bitcoin price. It went from $43,000 to $35,000 in 2 days. The Bitcoin price has thus fallen below the $40,000 mark for the first time in months.

In the last 2 days, we have seen a slight stabilization of the Bitcoin price. It is now staying above $36,000 and trying to surpass $38,000 again and again. A resistance has formed here that needs to be broken.  Looking at figure 1, we can clearly see the formation of that $38,000 resistance. It first was a support level that was broken, then turned into a resistance. In fact, back in August 2021, that same area represented also an important area for traders.

If Bitcoin price breaks the resistance at $38,000, we could see a surge above $40,000, which would have seen the price recover from the last sharp drop. The $38,000 to $42,000 area has previously been cited as a key support zone from which Bitcoin could rally back towards $50,000.

Now is an ideal time to get into bitcoin cheaply. Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !

With the last Bitcoin crash, the bottom of the current price correction could have been reached. In the last 3 months, we saw several strong crashes, each of which we hoped was the bottom of the correction. Now that we reached the strong buy area of 30K, prices should be on their way to 40K thanks to the buying volume.

If we look at the analysis data on the Bitcoin price in figure 2, we can see that the so-called "Relative Strength Index" (RSI) is as low as it has been since March 2020. This value indicates that the bitcoin is heavily "oversold" at the moment.

This value and the strong fundamentals in the Bitcoin network, such as the further increasing hash rate, suggest that we only saw a strong correction, but could still be bullish in the long term. On top of that, the Fibonacci retracement suggests that prices can go as high as $46,000, which happens to be another support for BTC.

In the past 24 hours, the cryptocurrency market rose by an average of +3.8%. The Bitcoin dominance rose to 41.7%, and Bitcoin's price increased also by +3.2%. Despite the crypto market being green, one should always proceed with care, as we are still considered in a bear market.

1- Bitcoin (BTC) : + 3.2 %

2- Ether (ETH) : + 6.7 %

3- Tether (USDT) : 0 %

4- Binance Coin (BNB): + 1.5 %

5- USD Coin (USDC) : + 0 % 

6- Cardano (ADA) : + 4.5 %

7- Solana (SOL) : + 9.1 % 

8- Ripple (XRP) : + 3.2 %

9- Terra (LUNA) : + 1.2 %

10- Polkadot (DOT): + 5.3 %

If you feel like you need guidance when tackling the crypto market, you need to check out our premium area. You’ll always be up-to-date with everything happening in the crypto market. Additionally, you will receive trading ideas and professional trading support. You will also receive information about the latest crypto trends at an early stage! If you want to read more about our Premium Area, click here.

Don’t forget to follow us on Google News to keep yourself updated with the latest Price Predictions 😉

Bitcoin prices fell from a high of USD 69,000 all the way to a current price just above USD 40,000. This 40% decline within 2 months definitely took a toll on crypto investors. The ones who opened positions higher than a Bitcoin 40K price are currently in the red. On the other hand, Bitcoin's technical formation is showing a sign of a potential reversal. Should you buy Bitcoin at today's price of around 40K? Let's see where the crypto market is currently at, and lay a trading setup.

It is true that Bitcoin prices started to freefall on the 10th of November 2021. In fact, good technical traders knew about this downfall since the 3rd of December. This is when Bitcoin prices breached the average uptrend deeply lower than anticipated. In figure 1, we can clearly see this break thanks to the red circle on the chart.

On another note, we at CryptoTicker offer a Premium Discord channel. There you will receive trading ideas and professional trading support. Our Premium Discord is not just about trading. You will also find out the latest crypto trends early enough, from which you can benefit massively or at least exit the market. That's why most of our traders are successful and managed to minimize their risk exposure during this current crash ;)

Well, it all depends on your strategy. But most traders and investors are interested in buying a Bitcoin 40K price. The reason comes from both a technical and fundamental angle:

• Most big tech and big firms entered the crypto market buying Bitcoins around that price. If the market was to rebound, the current price would be the perfect opportunity to do so.
• From a technical angle, prices hit a very strong support level. As shown in figure 2, prices did rebound from the 40K area several times in the past. Currently, it seems as if prices are prepping from a reversal.

When plotting the Fibonacci retracement, we can clearly see how the strong support of 40K highlights other psychological prices and give importance to the 50K area. If prices were to reverse upwards, they have to first reach a price of USD 43K for confirmation. If successful, we might be able to see a price of Bitcoin around 50K again, or a 20% gain. On the other hand, if prices fell below 40K, this is a huge indicator that the bear market is continuing lower.

----> Click here to Buy Bitcoin <----

In the past 24 hours, the cryptocurrency market continued dipping further lower. Sunday mornings are usually slow days for the crypto market. Despite Bitcoin consolidating for the day, other cryptos lost on average -1.48%. The top losers are ROSE, FTM, and NEAR losing respectively -15%, -12%, and -11%. On the other hand, the top gainers are ICP, LEO, and LINK gaining respectively +7%, +5%, and +4%.

1- Bitcoin (BTC) : + 0.06%

2- Ether (ETH) : – 2.75 %

3- Tether (USDT) : 0 % (surpassing BNB)

4- Binance Coin (BNB): – 4.45 %

5- Solana (SOL) : - 3.36 % 

6- USD Coin (USDC) : + 0 % (surpassing ADA)

7- Cardano (ADA) : – 5.73 % 

8- Ripple (XRP) : - 2.21 %

9- Terra (LUNA) : + 4.90 %

10- Polkadot (DOT): – 2.11 %

Stay Ahead, Stay Updated
Rudy Fares