Educação e acessibilidade são cruciais para tornar o DeFi mais acessível ao fluxo de entrada de investidores de varejo.

O envolvimento nos mercados financeiros tradicionais tornou-se menos atraente para os consumidores e investidores institucionais recentemente

As novas oportunidades são abundantes, com o financiamento descentralizado recebendo muita atenção. No entanto, esse novo movimento também apresenta riscos e falhas.

Por décadas, consumidores e investidores institucionais exploraram as muitas opções diferentes apresentadas a eles no mundo financeiro. Essa abordagem funcionou muito bem, já que alguém poderia até ganhar uma receita passiva em sua conta poupança. Hoje, as coisas parecem muito diferentes, já que muitos bancos cobram taxas de juros negativas e continuam a explorar seus clientes.

Outro problema que aumenta o apelo cada vez menor das finanças centralizadas são os impedimentos contínuos no setor. Mais especificamente, os bancos são forçados a resolver ações judiciais regularmente, principalmente devido a suas irregularidades . Isso vai desde abrir contas para clientes sem seu conhecimento, mascarar produtos com nomes diferentes e ao mesmo tempo fornecer o mesmo serviço, lavagem de dinheiro e assim por diante.

Apesar de tudo isso, muitas pessoas permanecem leais a seus bancos ou outras instituições financeiras. Ou costumava ser o caso, já que as finanças descentralizadas têm hoje muitas pessoas interessadas. Ao contrário das finanças tradicionais, DeFi não tem taxas exorbitantes, termos injustos ou exclusão financeira. Em vez disso, é um movimento que visa levar serviços financeiros a todos, independentemente de seu acesso atual a esses produtos.

Tornando o DeFi mais acessível

Embora possa parecer que as finanças descentralizadas estão destinadas a perturbar as finanças tradicionais, ainda há muito trabalho a ser feito. Em seu estado atual, o DeFi atende principalmente aos usuários que têm conhecimento suficiente do mercado de criptomoedas. Infelizmente, a indústria de criptografia continua sendo um nicho de mercado até hoje, apesar dos preços do Bitcoin ( BTC ) e do Ether ( ETH ) subindo rapidamente nos últimos meses.

Na verdade, não existem guias viáveis ​​sobre como se preparar para essas novas oportunidades financeiras. Todo guia existente presume que o leitor já conhece os meandros da criptomoeda, o que geralmente não é o caso.

A educação é o primeiro grande passo

Vagar pela natureza complexa do DeFi requer uma educação clara e concisa. Há uma necessidade crescente de plataformas educacionais que atendam aos níveis de investimento dos iniciantes. Publicações que contribuem com conteúdo educacional em torno de DeFi observaram um crescimento significativo ao longo de 2020 e início de 2021. As iniciativas educacionais têm como objetivo reduzir as barreiras de entrada para finanças descentralizadas, educando as pessoas sobre criptomoedas e as oportunidades que a indústria em geral oferece. Em última análise, uma boa meta para a DeFi seria que mais 100 milhões de pessoas depositassem pelo menos $ 1 cada uma nas finanças descentralizadas até 2025. Pode parecer uma meta fácil, mas convencer milhões de pessoas a participar desse setor não é fácil. Muitas pessoas não se convencem das criptomoedas em geral e provavelmente sentirão o mesmo em relação ao DeFi.

Is Bitcoin a Ponzi scheme? The Crypto Duel examines pros & cons.

 

Is bitcoin a fraudulent pyramid scheme? This question is explored in the latest Cointelegraph Crypto Duel by Pierre Rochard, an analyst at crypto exchange Kraken, and Jorge Stolfi, a computer science professor at Brazil’s Campinas State University.

Stolfi takes on the role of critic, as the professor has often defined Bitcoin as a Ponzi scheme. His main argument is that the market-leading cryptocurrency does not generate any cash flow. Rather, the Crypto Code money investors receive when selling would come from new investors.

„Every time you invest in Bitcoin, the money you put in goes to a previous investor or miner and is gone,“ as Stolfi explains to that effect.

Digital money that works

Bitcoin advocate Rochard counters that it is online money, via peer-to-peer (P2P) exchanges from user to user, rather than a form of digital money that works like any other form of money and therefore, by definition, should not generate any cash flow at all.

„This is a fundamental property of money, because it is cash (cash). Accordingly, it naturally has no cash flow, but that does not make it a Ponzi scheme,“ says the crypto analyst.

In addition, Rochard points out that Bitcoin has another important difference from fraudulent pyramid schemes, as the cryptocurrency does not guarantee profits, but is widely known as a high-risk financial product.

„Even Bitcoin advocates keep stressing that there is a risk of loss. If we look at the empirical data, this risk has been realised very often,“ as he elaborates in this context.

Stolfi, in turn, finds this unconvincing, because in his opinion, good fraud schemes do not advertise fixed profits, because this would be „a clearly visible distinguishing feature“. The US Securities and Exchange Commission would otherwise have a fairly easy game.

As an example, he cites the machinations of the notorious investment fraudster Bernie Madoff, who defrauded his investors out of 65 billion US dollars: „Madoff didn’t promise anything. […] People invested because he paid off those who wanted to book their profits.“

The Swedish financial regulator believes that private investors should stay away from financial products based on volatile cryptocurrencies.

The Swedish financial supervisory authority Finansinspektiven (short: FI) has issued a new warning to private traders because of the high risks and low consumer protection associated with crypto investments

In an announcement on Monday, the regulator wrote that while it had already issued a warning regarding the risks associated with Crypto Legacy trading, it would publish further advice after a more comprehensive study of the crypto asset space.

The FI said it had „conducted a thematic review of the market for financial instruments based on crypto-assets.“ The FI General Director Erik Thedeén said:

„Products based on crypto-assets are unsuitable for most, if not all, retail customers. Existing consumer protection is inadequate and crypto-assets are difficult, if not impossible, to value on a credible basis.“

Thedeén’s view is reinforced by the fact that consumer protection legislation in Sweden does not fully protect investors from the risks of purchasing financial products or instruments that use crypto assets.

There is currently high volatility in the spot and derivatives markets for cryptocurrencies. Bitcoin has lost over 17 percent in value in the past 24 hours and BTC futures positions worth $ 5.64 billion have been liquidated over the same period .

The Swedish financial authorities are skeptical about the health and impact of the cryptocurrency markets. The country’s central bank is currently running a research and development pilot project for a centrally issued e-krona that is intended to complement cash.

Miljardierisijoittaja ja kaivosrahoittaja Frank Giustra varoittaa, että hallitukset ja keskuspankit tekevät kaikkensa tukahduttaakseen Bitcoinin matkan kohti yleismaailmallista käyttöönottoa.

Stansberry Research -haastattelussa Daniella Cambonen kanssa Giustra huomauttaa, että jos keskuspankit onnistuvat laskemaan liikkeeseen omat keskuspankin digitaaliset valuutat (CBDC), he eivät todennäköisesti halua kilpailua Bitcoinilta.

„Olen erityisen huolissani siitä, mitä hallitukset ja keskuspankit tekevät, jos Bitcoinista tulee koskaan uhka, todellinen uhka omille suvereeneille valuuttoilleen. Kuten tiedätte, monet keskuspankit harkitsevat oman digitaalisen valuutan liikkeeseenlaskemista. Eikä he halua sitä kilpailua sinne ja tekevät sen hyvin vaikeaksi. Hallitukset ja keskuspankit vaikeuttavat Bitcoinin yleistymistä. He asettavat tiesulkuja matkan varrelle. ”

Kanadalainen hyväntekijä viittasi muutaman kerran historiassa, jossa viranomaiset pitivät kiinni rahoitusvälineistä edistääkseen omaa asialistaa

„Luulen, että hallitusten ja keskuspankkien päättäväisyyttä ei voi koskaan aliarvioida, kun he yrittävät suojata valuuttansa. Olet kuullut valuutan ja pääoman valvonnasta. Ne ovat olleet osa historiaamme monissa maissa, myös Yhdysvalloissa. Se tapahtui tekemällä kullan omistaminen laittomaksi vuonna 1933, joka kesti 40 vuotta. Se oli eräänlainen pääomanvalvonta Yhdysvaltain dollarin suojaamiseksi. Näit sen ennen vuotta 1979 Britanniassa, jossa oli valuutanvalvonta. Näit sen Etelä-Afrikassa. Näit sen ennen sotaa Saksassa. Näit sen vasta vuonna 2015 Kreikassa.

Valuutta- ja pääomavalvonta tai menetelmä, jolla tätä filosofiaa voidaan käyttää Bitcoinia vastaan, on mahdollisuus, ja se on otettava huomioon. “

Giustra vie askeleen pidemmälle ja korostaa, että keskuspankit omistavat kultaa

„[Keskuspankit] eivät omista Bitcoinia. Kulta on keskeinen osa heidän valuuttavarantoaan ja tulee olemaan. Jos he tekevät jotain, he laskevat liikkeeseen oman digitaalisen valuuttansa. He eivät aio ostaa Bitcoinia, koska he yrittävät kaikin voimin heikentää Bitcoinia. “

Vaikka Giustralla voi olla synkät pitkän aikavälin näkymät Bitcoiniin, hän uskoo, että johtavalla kryptovaluutalla on mahdollisuus nousta korkeammaksi tulevina kuukausina.

„Tällä hetkellä [Bitcoin] on siinä maniavaiheessa, että se on ostettu tästä syystä, että se saavuttaa lopulta kyseisen vaiheen, ja se voi, mutta mielestäni se on pitkä, pitkä matka monista syistä, mutta se ei tarkoita, että se ei menisi paljon korkeammalle, mikä mielestäni tulee. Luulen, että [Bitcoin] tekee sen, mitä jotkut näistä ihmisistä ennustavat, ja saa paljon korkeamman hinnan. „

  • Forudsigelse af Bitcoin-pris forventer en korrektion til $ 39.500
  • Stærk modstand ligger på $ 42.000.
  • Stærk støtte ligger på $ 38.400.

Kryptovalutamarkedet blomstrer, og alle større kryptokurver stiger lynhurtigt. Kongen af ​​kryptokurver har krydset det dobbelte af sit sidste rekordhøje niveau på omkring $ 20.000 og drejer sig i øjeblikket tæt på $ 40.000-mærket. Kongen bliver stadig mere ustabil. Det daglige lavpunkt for kongen af ​​kryptokurver var $ 38.320, mens det døgnlige højdepunkt var $ 41.950. Kongen står på $ 41.200 i skrivende stund.

Markedet er underkøbt, som det har været de sidste par dage. Nitten af ​​de otteogtyve tekniske indikatorer giver et købsignal med fem neutrale og fire salgsindikationer. 3 af oscillatorerne observeres ved salgssignaler sammen med 4 købs- og neutrale signaler hver. Femten af ​​de samlede sytten glidende gennemsnit observeres ved købsindikationer med 1 salg og neutral indikation hver.

Forudsigelse af Bitcoin-pris: Hvad er det næste?

Analytiker Vince Prince har identificeret, at kryptovalutaen fungerer i en faldende kanaldannelse i sin forudsigelse af Bitcoin-pris. Bitcoin har hoppet frem og tilbage inde i den faldende kanalformation og testet både modstands- og supportniveauer.

Per analytikeren står bitcoin også over for stærk modstand på $ 41.200 niveau, da det tidligere ikke har krydset niveauet. Analytikeren har også identificeret en modstandsklynge ved skæringspunktet mellem den vandrette modstandslinje – til $ 41.200 og den øvre grænse for den faldende kanalformation. Analytikeren forventer, at Bitcoin forsøger at bryde ud af formationen, men det vil sandsynligvis mislykkes at krydse modstandsklyngen.

Der kan forventes en stærk tilbagetrækning fra kryptovalutaen, når den ikke bryder ud på modstandsniveauet. Tilbagetrækningen vil resultere i, at Bitcoin rører den nedre grænse for den faldende kanaldannelse på omkring $ 38.000. Bitcoin vil finde stærk støtte på dette niveau, da der også ligger en vandret supportlinje på $ 38.000.

Per Vince Prince kan to scenarier udfolde sig på dette tidspunkt; i det første scenarie bryder Bitcoin ud af formationen til nedadrettede og gennemfører en bølgetælling. Bitcoin vil gå ind i C-bølgeudvidelsen og vil sandsynligvis gå ned til $ 36.000. I det andet scenarie, hvis Bullish pres fortsætter, genoptager Bitcoin sin opadgående bane og vil forsøge at teste modstandsniveauet igen.

Analytiker Pawel Hodurek har forventet yderligere bullish momentum fra Bitcoin i deres forudsigelse af Bitcoin-pris. Per analytiker brød Bitcoin ud af den stigende kanaldannelse og forventedes at gå lavere. De seneste prishandlinger viser imidlertid, at Bitcoin er kommet ind i kanalen igen, hvilket antyder øget bullish pres på kryptovalutaen. Analytikeren forventer også, at RSI’s bearish momentum mindskes, da det er ved at bryde et modstandsniveau. MACD er ved et bullish kryds.

Alan Masters identificerede også en stigende kanaldannelse i sin Bitcoin-prisforudsigelse. Kanalen er ekstremt stejl, og analytikeren forventer, at kryptokurrency fortsætter sin vandretur. Masters har udtalt, at markedet giver stærke indikationer på yderligere bullish divergens. Analytikeren forventer snart et udbrud mod $ 50.000.

The proposed IPO of the large crypto exchange could become a new reference point for the entire crypto industry.

After the crypto exchange Coinbase applied for its IPO with the US Securities and Exchange Commission yesterday , the crypto market research institute Messari estimates the current market value of the company at 28 billion.

The calculation model looked at the company’s various business areas , including crypto trading, crypto custody and crypto debit cards

Bitcoin Superstar is one of the largest crypto exchanges in the world, with a daily volume of more than $ 1 billion. The total value of the assets under management now stands at 20 billion US dollars, after it was “only” 7 billion US dollars in 2019.

A financing round in August 2017 saw Coinbase’s market capitalization rise to $ 1 billion, making it a so-called “ unicorn ”. The most recent financing round from October 2018 then screwed the market value of the crypto exchange up to 8 billion US dollars.

A rating by the market research institute Hurun did not improve this number upwards in August 2020, although the crypto exchange now has a significantly increased trading volume and the assets invested in it have also increased significantly.

In connection with their revaluation to US $ 28 billion, the market researchers highlight the importance of the Coinbase IPO for the entire crypto industry:

„This IPO is also important for the evaluation of crypto projects, because Coinbase can serve as a reference point for tradable crypto currencies.“

Meanwhile, an unconfirmed report states that the Palm Beach Research Group has calculated a future market value of $ 242 billion for the DeFi platform Synthetix.

The corresponding report gives the „conservative“ estimate that the decentralized crypto exchange and its associated crypto currency Synthetix (SNX) „could achieve a market value up to five times higher than traditional crypto exchanges“. This would correspond to almost ten times the market value of Coinbase calculated by Messari.

A market value of US $ 2,192 per currency unit would mean a gain of 41,000% at the current exchange rate.

However, some Twitter users point out that the Research Group has made similarly daring predictions in the past that have not come true.

Mentre i prezzi Bitcoin sono saliti ai loro prezzi più alti di sempre, gli osservatori del settore e gli investitori hanno celebrato l’inevitabile pietra miliare che molti di loro sapevano che stava arrivando.

Poche ore fa, durante la sessione mattutina di trading in Asia, i prezzi Bitcoin hanno brevemente superato i 22.000 dollari per la prima volta in assoluto. Nelle ore successive i prezzi si sono un po‘ tirati indietro, con un conseguente lieve calo a 21.750 dollari.

Tuttavia, al momento della stampa, hanno spinto di nuovo più in alto per superare la pietra miliare dei 22.000 dollari, ancora una volta scambiando ad un nuovo massimo di 22.250 dollari secondo Tradingview.com.

L’ultimo rally Bitcoin ha aggiunto il 14% ai prezzi nelle ultime 24 ore e non sembra che si sia fermato lì. I mercati sono ora in un territorio inesplorato, poiché l’asset forma nuove zone di supporto e di resistenza. Ha anche portato l’intera capitalizzazione del mercato cripto ad un massimo di quasi tre anni di 630 miliardi di dollari, anche se il 67% è puramente Bitcoin.

I leader del settore lodano il Bitcoin

Il nuovo record di tutti i tempi è stato ampiamente anticipato da analisti ed esperti del settore e molti di loro hanno espresso il loro pensiero nelle ultime ore mentre il rally continua.

Il co-fondatore e chief investment officer di BlockTower Capital, Ari Paul, ha lamentato il fatto che BTC non sarà mai più un investimento così attraente come lo è stato finora.

L’azione sui prezzi di Bitcoin mi rende un po‘ triste. Alla fine di questa tappa dell’encierro (la migliore ipotesi è 12-18 mesi), BTC non sarà mai più un investimento così attraente come lo è stato fino ad oggi. Ho fatto del mio meglio per „impilare i satelliti“ prima di questo, ma ti chiedi sempre cos’altro avresti potuto fare.

– Ari Paul (@AriDavidPaul) 16 dicembre 2020

Attualmente, ogni singola persona che ha acquistato Bitcoin (a parte quelle che l’hanno perso in truffe o hackeraggio) è in profitto. Questo lascerà la sensazione che forse non si sono accumulati abbastanza satelliti, come sottolinea Paul.

Cameron Winklevoss era altrettanto entusiasta, affermando;

„Oggi, Bitcoin si è tolto la scimmia di dosso. Ci sono voluti tre lunghi anni di duro lavoro, ma il soffitto di vetro da 20.000 dollari è andato in frantumi. Un punto di svolta per il nostro movimento“.

Nel frattempo, Max Keiser di RT ha chiesto cosa succederà dopo aver acquistato Bitcoin all’inizio per combattere contro quella che lui descrive come una „Insurrezione globale contro l’occupazione dei banchieri“;

Ho iniziato a comprare #BTC nel 2011 (1 dollaro) per protestare contro il $USD, la Fed e le banche Wall St corrotte. Si è sempre trattato di #GIABO (Global Insurrection Against Banker Occupation)

Il mio obiettivo non era quello di entrare nella top .001%.

Non ho ambizioni e sono fondamentalmente molto pigro…

E adesso?

– Max Keiser (@maxkeiser) 16 dicembre 2020

Altri grandi Crypto Movers

Ci sono solo una manciata di asset criptati che hanno superato la Bitcoin nelle ultime 24 ore e includono l’XRP di Ripple che, dopo aver scaricato pesantemente, ha superato il 26% di un occhio innaffiato fino a raggiungere 0,566 dollari.

Anche il token XLM di Stellar, che è un fratello dell’XRP, ha pompato di più con una mossa del 18% nel corso della giornata, portandolo a 0,189 dollari. Naturalmente, l’argento all’oro di Bitcoin – Litecoin – va sempre bene quando lo fa il fratello maggiore. LTC ha guadagnato oltre il 15% nelle ultime 24 ore per raggiungere i 93 dollari, il suo prezzo più alto dai tempi della pompa prealimentazione del giugno 2019.

La crypto-monnaie bellwether semble imparable après avoir atteint un nouveau record absolu.

Ne manquez pas les nouvelles de l’évolution du marché

Recevez des briefings quotidiens sur la cryptographie et des rapports hebdomadaires sur le marché Bitcoin directement dans votre boîte de réception.

Le Bitcoin Trader a grimpé à 19860 dollars, battant de quelques dollars les précédents records de tous les temps.

La récente reprise semble être alimentée par une demande croissante des investisseurs institutionnels.
Une fermeture de chandelier de 4 heures au-dessus ou en dessous de 19500 $ déterminera où BTC se dirige ensuite.

Le Bitcoin a atteint un nouveau sommet historique pour la première fois depuis la mi-décembre 2017. Alors que la spéculation monte sur de nouveaux gains à l’horizon, de multiples mesures en chaîne indiquent une forte baisse.

Briser de nouveaux sommets de tous les temps

Bitcoin a réussi à récupérer toutes les pertes subies après le retracement de 17% du 25 novembre.

Même si plus de 200000 traders ont été liquidés lors de la dernière correction sur le marché des crypto-monnaies, les investisseurs n’ont pas attendu longtemps pour réintégrer leurs positions longues.

La hausse de la pression d’achat a vu le BTC augmenter de plus de 22%. Il est passé de 16 200 dollars le 26 novembre à un nouveau record de 19 860 dollars.

Paolo Ardoino , directeur technique de Bitfinex, soutient que la récente action des prix peut être attribuée à la demande croissante des investisseurs institutionnels.

«L’ascension de Bitcoin aujourd’hui à un nouveau record absolu de 19 844 $ captivera. Les fondamentaux qui ont alimenté ce rallye, notamment la présence croissante des investisseurs institutionnels, ont néanmoins une conséquence bien plus grande. Le Bitcoin est encore naissant, et même des allocations relativement petites dans la classe d’actifs provenant de fonds d’investissement peuvent avoir un impact sismique.

Si la pression d’achat continue de monter , Bitcoin pourrait atteindre 23000 $.

Une clôture de chandelier de 4 heures au-dessus de 19 500 $ ajoutera de la crédibilité aux perspectives optimistes car elle augmente les chances de cette reprise potentielle.

Today, the price of Bitcoin plummeted by 12%. The market’s leading crypto-currency is trading below USD 17,000.

The crypto market is in the red. The crypto market is in the red. When the leading crypt currency by market value fell from over USD 19,300 to USD 16,320.

Thus registering a drop of -12.39% in the last 24 hours. According to our internal online crypto tool, the price is quoted at USD 16,700.

This drop in the price of Bitcoin Pro comes just when the digital currency was close to reaching new all-time highs. That would exceed what was seen at the end of 2017.

Although this generated surprise among enthusiasts and investors. Analysts point out that this was to be expected given the route that Bitcoin took to reach USD 19,000 in the last few days.

They described this fall as a correction of the market in the face of what seemed to be a sustained rise. This is precisely because of the departure of certain investors who are looking to secure their profits in the short and/or medium term.
Main altcoins also registered, as well as Bitcoin, a fall on November 26th

The fact that the price of Bitcoin plummeted this Thursday It also led to a sort of domino effect among the main altcoins of the ecosystem. These are also going down this November 26th with quite remarkable percentage reductions.

Among the main altcoins with falls above two digits we have the cases of Ethereum (ETH) -15.99%, XRP -29.32%, Bitcoin Cash (BCH) -23.91%. And many more like Chainlink (LINK), Litecoin (LTC), Cardano (ADA), Polkadot (DOT), Binance Coin (BNB), Stellar (XLM), Bitcoin SV (BSV), EOS, TRON (TRX), Monero (XMR), among others.

Bitcoin rates are still low despite the price increase, but Vitalik says it’s only a matter of time

Despite the sudden increase in Bitcoin to re-test its 2017 highs. A combination of low chain transactions and reduced retail speculation has kept transaction fees low.

Ethereum (ETH) co-founder Vitalik Buterin doesn’t think Bitcoin’s current low rates will last. In a Twitter thread, the co-founder of Ethereum suggested that an inevitable increase in transaction fees will drive out most users:

I would say it’s more like „why do Bitcoin’s unique features matter given that any wide adoption scenario will lead to base chain fees pricing out most of those users and it’s proving hard to extend those features to the L2s intended to circumvent those limitations?
– vitalik.eth (@VitalikButerin) November 25, 2020

„Why are Bitcoin’s unique features important given that any scenario of wide adoption will lead to base chain rates discounting most of those users and it’s proving difficult to extend those features to L2s intended to circumvent those limitations,“ Vitalik Buterin said in a tweet.

However, the data do not suggest that high rates are likely in the current environment. To understand what is happening in the background It is important to look at the number of transactions that are processed, the value of these transactions, and the amount of BTC that is retained over the long term.

In short…

Coinbase is experiencing another disruption of its website and mobile applications, a re-emergence of a problem that seems to plague the leading crypto currency exchange every time the price and volume of Bitcoin increases.
After suspending all user withdrawals for five weeks, the OKEx kryptonie exchange resumed its services at 8:00 am UTC on November 26.
Teams representing the mathematics and science departments of the universities of Cambridge and Oxford are competing to design cryptocommerce algorithms.

 

Bitcoin is in a wedge formation which could determine the further course of the upward trend.

Bitcoin’s (BTC) current climber seems to be taking a short breather after reaching an annual high so far of USD 15,960 on 5 November.

In the one-hour and four-hour charts, the price contracts in a wedge formation that has found solid support at USD 15,500. Bitcoin must now break through the $15,750 mark to make another attempt to jump above $16,000.

With the last downturn, a Dragonfly doji candle has formed as the price tested support at the lower end of the wedge formation at $15,166. The more the formation moves towards its end, the more investors hope to jump above the $15,500 or $15,600 mark where a VPVR node is located. So resistance is likely to be expected here.

Although on the surface Bitcoin News Trader is clearly on an upward trend, behind the scenes there is a pulling and stabbing between the bears and bulls. A jump over US$15,600 would be important for the latter to tackle the US$16,000 hurdle again.

The Relative Strength Index (RSI) continues to climb above 70, which is a positive signal, although daily buying volumes have eased somewhat after some traders booked out partial profits at $15,900.

A downturn out of the wedge formation or under its support at $15,100 would open the door for a decline to the 20-MA at $14,680. During the brief crash on 4 and 5 November, no „new supports“ have emerged, and there is also a gap in the VPVR between $13,900 and $15,500.

So if the price falls below the USD 15,100 mark and investors do not interpret this as a buying opportunity, a downward pull to USD 14,000 or even USD 13,800 could follow.

A downturn of 9% or $1,400 sounds severe, but in this case it would be perfectly normal for the lower supports to be tested again after generating strong gains this week.

So while Bitcoin is waiting for the next directional move, the Altcoins, i.e. the remaining „alternative“ crypto currencies, have been able to recover some of their losses in the last two months. Ether (ETH) has made up most of the ground with an upswing to 447 US dollars and is pushing towards the 450 US dollar mark.

Yearn Finance (YFI) has also made strong gains, climbing more than 30% to USD 11,100. The Uniswap UNI token gained 15.5 %, which is enough for a price level of USD 2.53.

According to CoinMarketCap, the current total market capitalisation of the crypto markets amounts to 444.6 billion US dollars, of which 64.7% market share is accounted for by Bitcoin.