Monthly Archives: Januar 2023

• Bitcoin continues its upward trajectory as it revisits $23K.
• Buyers have attempted to break through the $23,000 resistance level twice without success.
• The high of $25,212 is Bitcoin’s next stop on the climb.

Bitcoin is back on the move as the largest cryptocurrency continues its upward trajectory and revisits the $23K level. After reaching a high of $25,212 on January 21, Bitcoin experienced selling pressure and was rejected twice at the $23,000 resistance level. As a result, the asset has been forced to fluctuate between $22,300 and $23,000 for the last five days.

The recent price action has caused buyers to attempt to break through the $23,000 resistance level two times in the last few days. The first attempt occurred on January 21 when the asset reached a high of $23,353, however, buyers were unable to keep the momentum and Bitcoin dropped to a low of $22,300. The second attempt was more successful as the asset climbed to a high of $23,178, however, buyers were again unable to maintain the upward trajectory and the asset has since returned to its range-bound behavior.

At the time of writing, the Bitcoin price today is $22,679.43 and has a market cap of $437,325,437,116. It has a circulating supply of 19,271,812 BTC and a total supply of $476,441,890,599. Its Coinmarketcap ranking is #1.

The Bitcoin asset is currently in a horizontal trend and the resistance level of $23,000 will be tested once more as the market continues its journey. If buyers can successfully break through the resistance level, the price of Bitcoin could reach a high of $25,212. On the other hand, if the resistance holds, a support level of $25,000, $20,000 and $15,000 will be tested.

Despite the recent price action, market sentiment still remains bullish. Analysts are confident that Bitcoin will eventually break through the $23,000 resistance level and reach its next stop of $25,212. If Bitcoin can close above $23,000, it could be a sign of further bullish momentum and the asset could continue its climb.

• Three Arrows Capital, the collapsed crypto hedge fund, is making a comeback with the launch of GTX, a new cryptocurrency exchange.
• They are planning to raise $25 million for the exchange, which will fill the gap that FTX has left behind.
• The GTX executive team will include several executives from CoinFlex, including the chief technology officer and the general counsel.

After its collapse in 2022, Three Arrows Capital (3AC) is making a comeback with the launch of a new cryptocurrency exchange. The exchange, called GTX, is aiming to raise $25 million to fill the gap that FTX has left behind.

The 3AC co-founders, Su Zhu and Kyle Davies, are teaming up with Mark Lamb and Sudhu Arumugam, the co-founders of CoinFlex, to launch the exchange. The GTX executive team will include several executives from CoinFlex, such as the chief technology officer and the general counsel. In addition, the exchange’s legal team will oversee the recent claims triggered by multiple bankruptcies, including those of firms like Celsius and Voyager.

According to a report by The Block, two separate pitch decks have been circulated which reveal the plans of the 3AC co-founders. One of the pitch decks even uses the phrase “because G comes after F”, indicating that the exchange will be a spinoff from FTX. The exchange aims to allow depositors to transfer their FTX claims to the GTX exchange and receive credit in the form of a token known as USDG.

The launch of the GTX exchange is expected to take place as early as February, and it is sure to be watched closely by the crypto community. It remains to be seen whether the 3AC co-founders will be able to turn the tide with their new venture and redeem themselves after the collapse of their previous hedge fund.

• Curve Price Prediction for Today, January 9: CRV/USD spikes above $0.65 level
• Curve Price Prediction: Curve (CRV) Ready for More Spikes
• Technical Indicator Relative Strength Index (14) moving into the overbought region

The Curve price prediction sees a 14.32% price increase over the past 24 hours of trading as the cryptocurrency touches a $0.69 daily high. Curve (CRV) is trading at $0.65, with a market cap of $346.5 million, a circulating supply of 531.5 million, and a total supply of 1.8 billion. The coin is currently ranked at #84 on Coinmarketcap.

The Curve price may face the upside as the red line of the 9-day Moving Average (MA) crosses above the green line of the 21-day MA. At the time of writing, the movement is shifting in the bullish favor, with the technical indicator Relative Strength Index (14) moving into the overbought region.

The Curve price may need to rise above $0.70 if the buyers keep the price above the 9-day and 21-day moving averages. On the contrary, traders may consider the market as bearish if the sellers bring the market movement below the support level of $0.55. Moreover, if the sellers bring the market below the $0.55 support level, the next support levels lie at $0.40, $0.35, and $0.30.

On the other hand, if the buyers push the market above the $0.70 resistance level, the first level of resistance could be found at $0.75, while the potential resistance levels lie at $0.95, $1.00, and $1.05. It is important to note that the market may be deemed bullish if the buyers break above the $1.05 resistance level.

Overall, the Curve price prediction shows that the cryptocurrency is ready for more price spikes. If the buyers keep the market above the $0.70 resistance level, there is a potential for the price to surge higher, with the first level of resistance lying at $0.75. Moreover, if the buyers break above the $1.05 resistance level, the market may be deemed bullish.

• Bitcoin (BTC) is following two straight bullish days as it moves towards the north.
• Technical indicators suggest that the Bitcoin price is ready for upward movement as the signal line crosses above the 60-level.
• If the bulls increase buying pressure, BTC/USD could hit the resistance level of $18,000 and potentially rise to the resistance levels of $18,500, $20,500, and $22,500.

The Bitcoin price prediction for today, January 9th, shows that BTC is following two consecutive days of bullish trends as the king coin moves towards the north. Technical indicators are suggesting that the Bitcoin price is ready for an upward movement as the signal line crosses above the 60-level. If the bulls continue to increase buying pressure, BTC/USD could hit the resistance level of $18,000 and potentially rise to the resistance levels of $18,500, $20,500, and $22,500.

The Bitcoin price is currently trading at around $18,500, with a market capitalization of around $333.7 billion. There is a circulating supply of 19.2 million Bitcoin and a total supply of 19.2 million. Bitcoin is currently ranked #1 on Coinmarketcap.

Looking at the daily chart, BTC/USD is showing positive signs and might rise further above the $17,500 resistance. However, the Bitcoin price could move with strong bullish momentum after a sustainable break towards the upper boundary of the channel. The Relative Strength Index (14) is also showing that the Bitcoin price is ready for upward movement as the signal line crosses above the 60-level.

On the upside, if the bulls increase the buying pressure, BTC/USD could hit the resistance level of $18,000. However, a daily close above this could lift the price to the resistance levels of $18,500, $20,500, and $22,500. On the downside, the Bitcoin price could struggle around the resistance level of $17,200, suggesting that the king coin could retreat a little bit, before attempting to break higher again.

Overall, the Bitcoin price is expected to continue its bullish trend and could potentially rise to the resistance levels of $18,500, $20,500, and $22,500. Investors should remain cautious and monitor the market for any signs of a reversal.