Cryptocurrencies close the year calmly
The year-end complacency is having an effect on the markets, which are trying to get out of the Christmas holiday mode.
As global markets prepare to exit the Christmas holiday mode, year-end calm prevails in general. This calmness continues in the cryptocurrency market. Bitcoin price is fluctuating between $16,800 - $17,000, which is a fairly narrow band. In Ethereum, it is watching with the narrow band movement between $1210 and $1230.
Cryptocurrencies close the year calmly
There is a positive mood in the first post-Christmas futures in the morning, with US futures indices advancing by 0.5 percentage points. This positive atmosphere is also reflected in European indices. China has opened its doors to the world by ending the latest Covid restrictions. The mandatory quarantine application, which is also applied to tourists and citizens entering China, has been lifted, Chinese assets are rallying in the morning.
After the New Year, the outlook may return to normal conditions and fluctuations in price may be seen in both the global markets and the cryptocurrency market.
Bitcoin, which continues its horizontal movement, is priced at $ 16880 during the day. We can say that it is very important for Bitcoin to make daily closes above the 50-day moving average of $ 16885. If this level is exceeded, it can be expected to test the $ 17000 level and then create a bullish expectation up to the upper bollinger band of $ 17670. In the negative scenario, $16620, which is the uptrend level, can work as the first support level. If it fails to hold this level, the lower bollinger band $16320 appears as an important support level.
