Dear Readers,

Having after the corrections of nearly 15% in the BTC price which has come down all the way from 108K to 92K last week following the hawkish comments from the SEC Chair Jerome Powell, has started to consolidate and move higher.

Normally, there will be a dip in crypto markets during the Christmas season and this time the FOMC outcome and Jerome Powell's comment coupled with this and made the markets a blood bath. 

But, the 15% fall is not a major thing.

As mentioned in all our previous articles that the 92K level is acting as a major support for BTC.

Moreover it has a strong trendline support and with the 50 day EMA at this price level. 

At the time of writing this article, the global crypto market is valued at 3.43 Trillion USD and it is with a marginal down of 0.02% from yesterday.

BTC is currently trading at USD 99085 which is nearly 1% up from yesterday.

The BTC dominance is at 57.1% and the fear greed index is at 63 which is greed.

While watching closely in the crypto markets, it is quite evident that whenever BTC is beaten heavily, there are much buying  happenings at the lower level to help BTC to travel upwards and the whales are not in a mood to let BTC down. 

The major other technical parameter is that though there is steep fall witnessed, it has not fallen the Fibonacci 0.786 level which was at 94317. I have attached the fibonacci levels here for all your easy understanding:

In addition to that BTC is also having various positive factors:

• The giant investment house BlackRock's Bitcoin ETF crossed $1.45 billion inflow and it acquired 4 times more BTC than mined this week. 
• The major Holder of BTC- Microstrategy has recently been included in the Nastaq 100 which is gaining its market value and boosted the BTC. 
• MicroStrategy added another 5262 BTC to their stack in from Dec 15-22 period.
• The major one from the President elect Donald Trump's announced Steve Miran is nominated as the head of the Council of Economic Advisers who is a known crypto supporter.  This appointment would add strength to the Trump Government with Pro Crypto Policies in the future along with the strong crypto supporters- Elon Musk and Vivek Ramasamy. 
• El Salvador said that it will continue to buy BTC in spite of the warning by IMF with its agreement with the country.

With all these technical and other developments, the BTC is expected to go high only.

It may fall bit and there are more chances to go high after having some travel in the side ways only. 

There is also expected a rally for Trump Presidential swearing in which is also due in the market.

Once Trump take over the President, the market will stabilise and there will be pump. So expect on this.

Now all these corrections at this point in time should be taken properly as a final entry point for all of us.

If you see the BTC liquidation map also, there strong liquidation levels at $ 97500 in the lower side and $100400 in the upper side which is an interesting points to note. So, we can expect BTC would be trading within this levels. 

Friends, also make a note of the BTC dominance at the market always- to have a review with all the alt coins.

But with these supportive factors of BTC, I don't think the BTC dominance will not coming down in the near term. 

Though this is not a alt season, we may expect to have it in the future. 

So stay invested in whatever the opportunities that the crypto market gives!

=

Are you looking for a regular & real passive income in terms of uncertain times?

Here is an excellent opportunity and the right place for you to earn with tangled.com 

tangled.com is the fastest growing social site where you can earn in handsome and automatically monetise all your contents- just like plug and play. Just explore and join with my referral: https://hiraj.tangled.com/join and enjoy earning Millix in a very simple way and cash out to your crypto wallets with a minimum threshold of $1 with a simple click! 

On you sign up, you need to create 2 wallets ( primarily and for reactions) with the Millix eco system to receive all your income generated incomes which is a simple easy process. 

I guarantee you all that this platform gives you super earning!