Bitcoin 
$89,143 Investors, who are used to the price seeing new peaks one after the other, are calmly waiting for what will happen for now. The recent BTC decline was not good for altcoins, and such moves are normal even in bullish markets. Uninterrupted rises are not in the nature of cryptocurrencies, and continuous gains without psychological pressure do not make sense.
Bitcoin and Bull Season
USA based companies BitcoinInterest in has increased significantly and the fact that Trump won the elections is the biggest source of motivation. MicroStrategy, which alone holds more than 250 thousand BTC, aims to continue purchasing for the next 3 years. This means he will avoid selling. Kyle drew attention to the demand here in his evaluation today.
“Public companies are accumulating Bitcoin like never before; There are currently approximately 400,000 BTC in institutional reserves!
Chief among these is MicroStrategy, which holds 252 thousand BTC. Michael Saylor’s bold move paves the way for Bitcoin to become a core institutional asset. This is just the beginning!”
The second analyst, nicknamed Z3usCrypto, mentions that historical conditions for the 12-month bull market have begun to form.
“Breakout bands are a great tool when it comes to identifying Bitcoin bull market phases. Usually, we see the first touch of the bands before the halving and then the correction around the halving.
After the halving, it enters the upper channel again and remains there for 12 months – indicating the parabolic phase of the bull market. “I think there’s a lot of upside room from here.”
Dogecoin and ETH
DOGE The rise has stopped for now and the meme coin king, which found buyers at $ 0.36, continues the day with a 10 percent decline. Ali Charts, on the other hand, focuses on the main thing to pay attention to, namely the whale accumulation, despite the fluctuation in the chart.
“dogecoin
$0.375533 whales Bought 140 million $DOGE in the last 24 hours, worth approximately $56 million!”
Continued whale interest reflects confidence for further upside. However, the BTC price should not break away from the six-digit price target by closing above $ 90,000. In his assessment today, Cowen reiterated his view that the ETHBTC parity will bottom by the second week of January.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
