Bitcoin closes the year with positive note
Cyrptocurrencies have been out of control for a while now and the year is almost over. Let's see how Bitcoin and and other currencies are doing.
Bitcoin, which has gone through quite volumeless days, is priced at $ 16800 in the morning. It has been rejected for two days at the 50-day moving average level. Macroeconomic data and shallow news flow in the crypto market in the past days have caused Bitcoin to be in sideways movement. Today, growth data from the US could increase volatility.
Bitcoin closes the year with positive note
Breaking above the 50-day moving average ($16,930) is very important in the upward movement. If this level is broken, a rise to $17780 can be observed. In the downside movement, the trend line of $16480 can be expected to act as support. If this level is broken, $15500 may work as the next support level.
CHZ, which has been in a downtrend for about a month, is priced at $0.1110 in the morning. Examining the daily chart, it shows activity below the 50-day and 200-day moving average. When the RSI is analyzed, it is in the oversold region at the 30 levels. Support from important levels seems positive for now.
It will be very important for it to break the minor downtrend ($0.1307) in the uptrend. If this level is broken and sustained above the $0.1410 level, the next resistance level can be met. After $0.1054 on the downside, $0.0819 levels can be expected to act as support.
