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Reasons why Bitcoin shot up above $21k.The value of bitcoin has changed since the start of 2022 and now stands at fresh lows. The market value of BTC has just grown as it surpassed $21.8K. Washington's concentration on cryptocurrencies is one factor that has contributed to the advancement. The price of bitcoin dropped to new lows in November and December 2022 as a result of increased vulnerability. The continuous lows, both long-term and short-term, worried investors. Its value was constant in the last week of December, although there had been no discernible rise. The most recent changes show that Bitcoin's value has increased since crossing $21,000 and is probably going to rise even further. Here is a quick overview of recent Bitcoin developments and the elements that have led to its current rise. Because of the current trend, it is time to buy Bitcoin once more. For a week, the trend has been good, and now is the perfect time for investors to capitalize on it. It is conceivable that Bitcoin's price will retest its all-time high, which might be a sign of good things to come. The preferred course of action for interested investors is to go on a spending binge. The value of Bitcoin has persevered through numerous setbacks, and the current trend may mark the end of the crypto winter. An improvement in client security may create a beneficial climate for investors. When big brands crumbled and there was no way to stop it, investors felt in the dark. When a result, anxieties grew as the global market cap value fell below the $1 trillion threshold. There is a possibility that its worth will increase further if the market continues favourable.
CRYPTO:BTCUSDLong
by IPatrice
2
🎯 HISTORICAL EDGE - 🟢 RESULT FOR 15FEB💁‍♂️ TRADER: Did you take the signal, Newbie? 👶 NEWBIE: No, what happened? 💁‍♂️ TRADER: We anticipated a move to the upside ⬆️ on the 15FEB since we had a rare historical setup on the 14FEB. 👶 NEWBIE: And...? 💁‍♂️ TRADER: SPX posted a move to the upside with 1.5%🟢 AND given this an estimate for the general market, the move to the upside dragged many names up (NEW+5.5%, OXY+5.6%, CTRA+4.87%, PSX+4.18% etc etc.). These setups move the whole market - pay attention next time, Newbie.
SP:SPXLong
by TintinTrading
HDFCBANK at an important levelNSE:HDFCBANK is an important stock as it has the power to really move the Indian broad market index, NSE:NIFTY . After some rather strong moves towards the end of last week, we can see it closing in on its next resistance (highlighted red) soon. With a strong Earnings reported over this weekend (double-digit growth), one of two possibilities emerge: Strong moves were due to favorable earnings expectations and it can be a "buy the rumour sell the news" scenario The momentum continues and we see some more positive moves ahead for HDFCBANK. If HDFCBANK is able to power through its coming resistances, it will become that much easier for NSE:NIFTY to be comfortable at higher levels, too.
NSE:HDFCBANK
by MarketsWithKR