At the core of cryptocurrencies is the blockchain technology hat serves a secure and accurate public ledger of all transactions.

The massive rally was driven by increasing demand from retail traders who were keen not to miss out on the abnormal price gains which the primary cryptocurrency continually posted. There was cooling interest in cryptocurrencies in general, with traditional investments, such as stocks, proving to be more lucrative and safer as well. The year looked like a bubble, and the characteristic of cryptocurrencies as stores of value seemed to be largely an illusion.

But changed the fortunes of cryptocurrencies yet again. In a year that global economic activity was impacted by U. There was a multitude of factors that created a perfect storm for BTCUSD during the year. First, in contrast to when retail money entered the crypto space, in it was big, institutional money flowing into the scene.

Several big companies, such as Visa and PayPal, announced massive entry into crypto, and some major central banks, as well as hedge funds, also produced positive headlines for the crypto market. The EV maker also started accepting it as a payment method. dollar as the Federal Reserve announced massive stimulus packages that were designed to curb the negative economic impacts of COVID lockdown restrictions implemented by the government.

Also, there was the May Bitcoin halving event that reduced the incentive to mine Bitcoin, further limiting the supply of the cryptocurrency. The correction was largely attributed to profit-taking, as well as some negative comments on the use of cryptocurrencies by U. Treasury Secretary, Janet Yellen. The USD is also the denominator for major commodities such as gold , silver and crude oil in the global markets.

The genesis of Bitcoin came during the global financial crisis, and initially, crypto was touted as the future of money , essentially as an alternative to fiat. Based on this, the major influential body that can impact the BTCUSD pair is the U. Federal Reserve, which has the mandate over the most powerful fiat currency, the USD.

The Fed releases rate decisions 8 times a year, and these are important events for the BTCUSD price. A rate hike would pressure the BTCUSD price lower, while any rate cut would provide tailwinds for the crypto pair. But as major regulatory bodies sought to impose strict rules governing the space, the crypto party has faced challenging times. Regulation will continue to be a mixed pill for Bitcoin and other cryptocurrencies.

Good headlines will push the BTCUSD price higher, while bad headlines will pressure it lower. Regulators, such as the US SEC, are capable of literally deciding the fate of any underlying crypto coin or token.

The suit even led to major crypto exchanges delisting Ripple from their platforms. Going forward, cryptocurrency investors will particularly be buoyed by flexible, principle-based, and collaborative regulation efforts by the relevant agencies. This will likely create an environment where the adoption and circulation of Bitcoin will be enhanced.

There is a realistic expectation of this happening with major institutions now among the big players in cryptocurrencies as well as the underlying blockchain technology. On the other hand, any regulation that will cause friction with the idea of decentralisation and blockchain will see investors express pessimism in the value of BTCUSD. This has partly been observed when Bitcoin retraced during the start of BTCUSD trading is known to be very volatile, and such comments from a senior US administrator can always cause jitters among investors.

The major regulatory bodies for BTCUSD traders to watch out for are: U. The year has been a whirlwind for the flagship cryptocurrency, Bitcoin. The pairing, BTCUSD started the year with strong momentum, having already broken above the highs. After accelerating the bull run in early , institutional money is expected to continue being a major price driver in Major companies, such as Tesla and MicroStrategy Incorporated, invested big money in Bitcoin, paving the way for other corporations to rethink their cryptocurrency strategy.

While institutional money is a major positive for cryptocurrencies, the launch of a Bitcoin ETF would go a long way in rubberstamping its legitimacy. Investors were confident that would be the year that a Bitcoin ETF would finally start trading, but the SEC has routinely frustrated several proposals to launch one. The SEC has cited the unregulated nature of the coin as the major reason for not approving any Bitcoin ETF. A Bitcoin ETF would allow investors to conveniently buy and sell the digital currency and integrate the coin easily into their portfolios.

Nonetheless, there already exists an ETF for crypto mining and mining infrastructure companies trading on the NYSE; investors can only be hopeful a true Bitcoin ETF is on the way. Regulation continues to cast a huge shadow over Bitcoin in In particular, China has been consistent in its aggression towards cryptocurrency.

The country instituted a ban on financial institutions and payment services companies offering crypto-related services and even made some mass arrests on people using cryptocurrencies in controversial ways. Did you like what you read? Let us know what you think! Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions.

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This is Richard, as known as theSignalyst. As per my last analysis here, If BTC breaks below the lower bound of the pennant and previous lows, then expect that bearish continuation pennant to get activated.

In this case, we will be Beginning of a new cycle I am starting from time cycles. I have been talking about November since December November is not over yet, and we are near the bottom or at the bottom.

Catch the very bottom - it would be great, but based on the experience of the previous cycle, buying at 3k, 4k, or 5k was not a mistake. Of course, I have been waiting all This is Richard Nasr, as known as theSignalyst. I truly appreciate your continuous support everyone! Let me know if you like the series, and if you would like me to change or add anything.

Always follow your trading plan regarding entry, risk management, and trade management. BTCUSD is entering the beginning of a new phase based on cycle formation. The breakdown of the consolidation indicates a continuation of the movement to critical marks, which may motivate many holders of the asset to capitulate. Market maker continues to destroy investors and miners? Lost support of and we can attempt to buy again only over or lower at I am not even in any kind of mood to mention which according to my book is the 'buy like there is no tomorrow kind of level'.

Hopefully we don't ever go there. FOOD FOR THOUGHT: FTX was selling 'Bitcoin' without holding any. That means a lot of innocent people thought Hi Everyone! We have multiple new candles since the publication I posted yesterday. Yes, we still have a green light for Stage 2 Expansion DOWN in the 2-Day time frame. I also pointed out several other time frames in which Stage 1 Expansion Down can "continue" - AND - Stage 2 Expansion Down about to BEGIN in other time frames.

BOTTOM LINE: Odds are still VERY BITCOIN fell sharply today And the price hit the horizontal support level From where we are already seeing A local bullish reaction So I think a rebound to the upside Might continue and the price Might retest the target above Buy!

Like, comment and subscribe to boost your trading! See other ideas below too! Furthermore, based on information published by various news outlets, Genesis Global Trading Inc. warned its investors about potential bankruptcy proceedings.

As a result, this exchange joins our list of deeply troubled cryptocurrency institutions. Some of the troubled financial institutions in include This is what has been on my mind lately Not that I go searching for it nor see it anywhere it just pops up in my mind What do you make of this chart, longs vs shorts?

Hit like, boost, transfers, send, deposit, cash, good luck, share, comment TD Sequential formed a reversal signal upwards 1H TF The price along with the RSI chart formed a hidden bullish divergence 30m TF I expect a bounce in price after overcoming resistance. Two weeks ago, we saw the strongest weekly volume in more than a year, fueled by the collapse of FTX. This is a good opportunity to historically examine the effect of such huge volume spikes on Bitcoin BTCUSD. On this 1W chart, we see that such volume spikes tend to be associated with trend reversals on BTC.

In recent price action in particular, we've had a I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section.

this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Bitcoin BTC continued to trade lower on Tuesday, as Best time and price range to enter DEC The first possible climbing range and the time to reach this range JUL-SEP Corrective range after climbing FEB-JUL Bitcoin's highest price and the end of the uptrend.

NOV-DEC Hey, traders. Good to see you again. Today's chart is Bitcoin. Let's check quickly. We can see 1. the price broke ~ box pattern. the box pattern had extended.

support on Around a week ago I made an analysis on BTC where I shared my thoughts on the near-term price movement. The main point was that BTC is more likely than not to see sideways price action, with a clearly defined horizontal support and resistance area. In my Our last call was sell at now u have another chance to get out as big drop below 10K is coming BTCUSD chart.

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God damn it - Lost Support. BTC: 2 Day TF Still a Green Light for DUMP November 23rd or 24th. WyckoffMode Premium Updated. BITCOIN Very Risky Long! TopTradingSignals Premium. A new low, potential Genesis bankruptcy, and a new price target. Tradersweekly Premium. Killing The Bitcoin Longs My Theory. Solldy Premium. BITCOIN Huge volume signaling the end of the Bear Market? CryptoSanders Premium. Possible volatility of Bitcoin in the next three years. KhaniTechnical Premium.

Two ways to calculate a potential BTC bear market bottom price. BitCoin Insight. FieryTrading Premium. BTC Ready to plunge again.

Show more ideas. It was the first digital coin and as such, remains the most famous and widely-adopted cryptocurrency in the world. It's the original gangster in whose footsteps all other coins follow. The birth of Bitcoin was the genesis of an entirely new asset class, and a huge step away from traditional, centrally controlled money. Today, many advocates believe Bitcoin will facilitate the next stage for the global financial system, although this — of course — remains to be seen.

Going forward, cryptocurrency investors will particularly be buoyed by flexible, principle-based, and collaborative regulation efforts by the relevant agencies. Best Forex Broker About Us Privacy Policy Terms Risk Disclosure Sitemap Contact. We can see 1. However, that has completely fallen apart, and it looks as if the market is ready to continue dropping. The suit even led to major crypto exchanges delisting Ripple from their platforms. BTCUSD is a cryptocurrency CFD because of the presence of Bitcoin as the base currency. There was a multitude of factors that created a perfect storm for BTCUSD during the year.

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