Bitcoin Sell Off Shatters Bulls Hope

Current Market Sentiment:

Resistance level to watch out: $45k
Support level to watch out: $41.5k

https://bit.ly/btcselloff

With 2021 ending with a 150% increase in total crypto market capitalization, it can be said that we have seen tremendous growth. Congratulations to those investors who benefited from the crypto market in 2021.

What are your plans for 2022 to continue earning more for yourself? What do you think about the crypto market in 2022? Are we surpassing the uptrend and will the market soon enter the crypto winter? What will you do.

My talk & main points:
+ The crypto market continues to grow and peaks in 2022 with a total capital of 5.5T;
+ Then we will see the fall of the whole market and winter will come;
+ BTC price may then go back to MA 200W at 25-30K, but I think it will only come in 2023 and not in 2022

Over the years in cryptocurrency, through ups and downs, gains and losses, mistakes and learning, I finally feel a sense of satisfaction. Good news for me when the market is bad. ‌‌ I too have heard stories of growing up overnight and felt the need to get involved. Dog coins and 100,000 $ ++++++ ... I heard the strange joy of owning something. Anything but all this was just a lack of knowledge and clarity. It was as easy as gambling. Like growing up overnight?
I heard a lot about Kipto last year. After hearing that, I sold my tokens. Towards the end of 2021, I had some successes and some failures, yet there is no direction and zero certainty. I was disappointed. Turns out, I have to start from scratch, educate myself, read books, listen to experts and I did. I didn’t skip investing.
I ate a lot of los at one time. But did not give up the investment. Forget trading, forget short-term gains and losses. I traded a lot and got caught, but for the sake of my future, I wanted to accumulate a small amount of this finite resource. I felt the urgent need to acquire a full bitcoin and I halved it. For the first time in my crypto journey, I felt a sense of certainty that I was lacking. So far I have been able to achieve half of it. This achievement of mine is a lot to me. Have I expanded my investment to achieve this? Yes. Would I personally be okay if it went to 0? Yes. This is a risk I am willing to take, and the more I learn, the more confident and more I make my investment.

Now that I have half a bitcoin, I need to cherish it. My next step is to make a bitcoin with it.

Yes, at the beginning of the year the cryptocurrency situation is a bit miserable. This is because at the beginning of the year, the price of all the coins in the cryptocurrency, including Bitcoin, is a little lower. There is no reason to be discouraged because it is miserable every year at the beginning of the year. Later, the market's momentum picked up again.

Cryptocurrency is going to pass two weeks so far this year but still no positive is found. I think it could be even longer. In other words, it will take some time for the market to get better.

The broader cryptocurrency market is set to see sideways price action, with Bitcoin hitting 17 41,650 at noon on January 17. Across the market, trading volumes remain low and U.S. The financial markets were closed, according to Martin Luther King Jr.

BTC/USDT 1 day chart. Source: TradingView
Here is what analysts say about the price action of Bitcoin and how today's correction could affect the market structure of BTC

Resistance at $ 43,120
Crypto trader and pseudonymous Twitter user 'Rect Capital' provides weekly Bitcoin price action analysis who posted the following chart showing that BTC is trading near a well-established support and resistance zone.

BTC/USDT 1 week chart. Source: Twitter.

Rekt capital said,
"The new BTC Weekly Close shows that the black - $ 43,120 level is being portrayed as a new resistance. Technically, BTC is in the upper region of its current $ 38000- $ 43,100 range."

Bitcoin's 4-year cycle is starting to lengthen
The long-term trend of Bitcoin has been discussed by market analyst and Cointelegraph contributor Michael van de Pope, who posted the following charts looking at Bitcoin's 4-wave pattern and implemented cap HODL wave. According to analysts, the typical 4-year cycle for BTC is likely to be prolonged.

Bitcoin 4-wave pattern and realized cap HODL waves. Source: Twitter

van de Poppe said,
"Honestly, it would make a lot of sense. This cycle is longer than the previous one. The 4-year cycles aren't happening anymore due to macroeconomic impacts. Therefore, this cycle will be higher & longer than everyone expects."

Related: Bitcoin stays in tight range as analyst eyes potential 'interesting week' in BTC
"At least one more upward impulse"
A tweet from cryptdev analyst and pseudonymous Twitter user Techdev echoed the sentiment of the expanding bitcoin price cycle, posting the following chart, providing an analysis of the impact and correction on the bull market based on the chain's new address trends.

Number of new Bitcoin addresses and impulse waves. Source: Twitter

Compared to the previous Impulse Wave described by TechDev, Bitcoin is still responsible for a green shaded price breakout in the current cycle before it is reset and the next one starts.

Techdev said,
"At least one more upward impulse to come in my opinion before an impulsive downtrend (bear market) begins."

The overall cryptocurrency market cap now stands at $ 2.02 trillion and Bitcoin's dominance rate is 39.6%.

The opinions and opinions expressed herein do not necessarily reflect the views of the author and not necessarily marketplace. Every investment and trading step involves risk, so you should do your own research when making a decision.

Bitcoin and all the other Altcoins that are now the price of all coins is going to be love. All the coins are eating down because the market conditions are so bad now that you can never imagine. It is not possible to get a good position without those who invest. Therefore, we urge all investors that only you can bring the market to the right place.

From crypto advocates to former skeptics, pundits are exaggerating themselves to predict a higher price for bitcoin.
Despite the current battle between bitcoin bulls and bears in the 40,000 to 50,000 price range, a raft of analysts and commentators have found their crystal ball for a brighter future for the price of bitcoin.
Bloomberg Intelligent Senior Commodity Strategist Mike McGlon points to historical data to suggest that Bitcoin is going for 100,000.
McGlon's argument revolves around the growing discount of shares in the Grayscale Bitcoin Trust, which is at the same level as last year's black time fall. Discount refers to when shares of Grayscale Bitcoin Trust trade at a price lower than the value of the underlying bitcoin (usually they trade at a premium).

I wonder when the price of Bitcoin will reach $ 100k +. Because at present the approval of bitcoin is increasing in different countries. And different countries based cryptocurrencies keep coming to the market. From that point of view, it is expected that the price of Bitcoin will increase the most. But in the next few years, the price of Bitcoin will continue to rise, so long-term Bitcoin will continue to improve. What is your opinion?

Bitcoin is the most popular and best coin in cryptocurrency. The importance of Bitcoin in maintaining cryptocurrency is immense. Because in Bitcoin, the value of the token depends on the other coins. But since 2020, the condition of Bitcoin has been getting better.
Since 2020, Bitcoin's position has improved and is in a much better position. In 2021, the Bitcoin situation further improved, touching the highest level but not staying there for long, deteriorating and declining again. From here, the condition of the market place is getting worse again.
In 2021 there is a detailed discussion of Bitcoin on Bitcointalk.org site where I see many people talking about Bitcoin. Do or will not exceed one hundred thousand by the end of 2021. Then I replied to their post to find out how they said it was possible considering the state of the market.
But now at the present time I was promised to see something new in the new year but without seeing that I have to see something opposite. It is very sad to imagine that this will be the case in the new year 2022. I want to know the reason why Bitcoin is such a valuable coin. What is the reason for the market situation? Bitcoin prices are expected to fall further at this time?
This is because the price of Bitcoin has been falling for a short period of time, causing a lot of losses.
If this situation can be overcome, it can be said that the position of Bitcoin is much more likely to move forward.

What is the next generation trend of blockchain? Is it GAMEFI? WEB 3.0, or is it another unknown?

I do not believe in the dramas of those countries, which constantly talk about the approval and suspension of cryptocurrency. Gives different negative news at different times. In fact, they want to dominate the cryptocurrency industry.
It is necessary to approve the beating but it is different.
So according to them many traders follow them in panic. I think cryptocurrency should be trusted for trade. So that a trader can make a profit at some point. To trade with cryptocurrencies, it is best not to listen to this negative news. Because it is possible to get benefits if you have more patience. Post your valuable comments.

I have been trading for a long time. However, it is not always possible to benefit. In some cases there is a possibility of loss. After facing huge losses, I have benefited again after a long time. Bought 3k$ from a seller with current price of k 10k$. However, the dollars have not been set at present. Currently using trading. So I think the most beneficial. What do you think?