From the idea that Bitcoin could start a parabolic rally towards the $ 200,000 region, Samsung’s plan to enter the NFT market comes from. Here are some highlights from the crypto market.
The analyst, nicknamed TechDev, previously predicted a big boom for Bitcoin in late 2021 or early 2022, but now, he says, the peaks of the BTC cycle will come sometime this year.
Using a two-week candle combined with logarithmic and Fibonacci growth curves, TechDev says that an above-average closing price will likely act as a trigger and help Bitcoin start a parabolic rally towards the $ 200,000 area.
The next (likely final) pulse will come two weeks after the 1,618 cycle ends, he said.
BTC Technical Analysis | Source: TechDev
While the analyst still accounts for cycles based on Bitcoin’s halving, he does not provide an exact point in time when Bitcoin is likely to peak.
TechDev says BTC will build on previous cycles by breaking above the Fibonacci level of 1.472, which is currently around the $ 48,000 region.
BTC Technical Analysis | Source: TechDev
The South Korean presidential candidate accepts Bitcoin donations.
The Democratic Party of Korea wants to open its doors in the crypto space by accepting Bitcoin donations and supporting the NFT.
In particular, the South Korean politician Lee Jae-Myung, who is running for the presidency, will accept Bitcoin and Ethereum as well as 3 other cryptocurrencies.
South Korean politician Lee Jae-myung’s presidential campaign will accept Bitcoin and Ethereum, as well as three other cryptocurrencies that have yet to be selected by his election committee. https://t.co/U8KLLhpBQ2#CryptoNews # Cryptocurrency # Cryptocurrency news #BTC #ETH
– Virarosi English (@virarosi_en) January 3, 2022
According to several domestic sources, Jae-Myung announced his intention to run for president in July 2021 and became a candidate for the Democratic Party of Korea on October 10, 2021.
Whales move Bitcoin.
A giant whale displaced nearly half a billion USD worth of Bitcoin (BTC) in a single transaction.
– Whale alert (@whale_alert) December 31, 2021
According to Whale Alert, the whale transferred 9,901 BTC worth $ 466 million from US crypto exchange giant Coinbase.
According to Blockchain.com, the whale had to pay 0.00245662 BTC in transfer fees, which is currently worth $ 115.89.
The owners of large amounts of Dogecoin (also known as “whales” in the crypto community) made 14 large transactions and brought in more than $ 15.5 million worth of meme coins.
The largest transaction is $ 15,499,637 or $ 2,684,336 with fees of up to 103.37 Doges or $ 17.90. The amount of doge produced by other trains is between 1 and 8 million dogecoins. The lowest fee is 0.014 Doge (about $ 0.002 USD).
15,499,637 $ DOGE ($ 2,684,336) was transferred from multiple wallets to an unknown wallet.
Fee: 103.37 ($ 17.90)
– Dogecoin Whale Alert (@DogeWhaleAlert) January 2, 2022
Samsung wants to enter the NFT market with its next series of smart TVs.
The spectacular growth of the NFT sector has caught the attention of electronics giant Samsung. The Korean company announced that it will integrate the new “NFT Aggregation Platform” on its smart TVs this year.
Notify January 3rd contains a number of updates that Samsung is planning to incorporate into its new range of smart TVs.
The NFT Aggregator platform will include a number of features that customers can use to view their digital collections.
It will be available for Samsung’s MicroLed, Neo QLED, and The Frame TV models, and it will also allow users to purchase NFT directly from the TV.
News Shiba Inu
The Shiba Inu price has moved sideways after the recent rally. Additionally, this accumulation followed a retracement that sent SHIB into a deep bear market prepared for a reversal.
Shiba Inu price rose around 40% between December 20 and December 23, 2021, hitting a reversal high at $ 0.000399.
As a result, SHIB took profits, causing it to fall 18% to the USD 0.000327 zone. Since then, Shiba Inu’s price has been accumulating and not showing great volatility. Going forward, the market could reverse – trigger an uptrend for the SHIB or retest the daily demand zone between $ 0.000269 and $ 0.000293.
In a bullish fall, Shiba Inu can soar 18% to its recent reversal high at $ 0.000399. Alternatively, the meme coin could retest the resistance at $ 0.000441 which is a 30% increase from where it is now.
In the latter case, the Shiba Inu could retest the daily demand zone and create a triple bottom, adding more weight to the reversal scenario. With that in mind, investors can expect the SHIB to rise 36% to retest its December 23rd high of $ 0.000399.
SHIB Price Chart | Source: TradingView
If the 4 hour candle closes below the $ 0.0000269 area, it will create a lower low, invalidating the bullish signal for Shiba Inu price. In this case, the SHIB can retest the immediate support at $ 0.0000237.
Solana price is preparing to pull back to the ATH level at $ 261 as the bullish histogram pattern shows that SOL is on the verge of an uptrend of 27%. However, this is only possible when SOL is trying to break above the $ 203 critical resistance.
Solana has formed an ascending triangle on the 4 hour chart making higher lows. If the pattern progresses well, the SOL can rise 27% from the upper bound of the technical pattern to the ATH at $ 260.
SOL price table | Source: TradingView
The first resistance appears at the 21 SMA at USD 174, which coincides with the 23.6% Fibonacci retracement level. Headwinds can occur at $ 181 where the 50 SMA and 100 SMA intersect.
Other obstacles could come up at the 200 SMA at $ 185 and then at the 38.2% Fibonacci retracement level at $ 190.
If the bulls continue to drive the price higher, SOL can target USD 203 where the 50% retracement and the resistance line of the Momentum Reversal Indicator (MRI) meet.
SOL will face resistance at the 61.8% Fibonacci retracement level at $ 216 and the 78.6% Fibonacci retracement level at $ 234 before the bulls attempt to hit the upside target.
However, if sell orders rise, SOL is likely to return to immediate support at the bottom of the technical pattern at $ 170. If the market does not hold this support, a bullish signal. The price of SOL will decline and the SOL could continue lower towards the January 1st low of $ 167 and then towards the October 6th high of $ 161.
Warena Mystery Box said the project will be integrated into Binance NFT this January.
The Mystery Box contains unexpected NFTs that are not revealed until the user opens the box. There are four types of NFTs that users can find: super rare (SSR), super rare (SR), rare (R), and normal (N).
???? Warena Mystery Box continues @TheBinanceNFT soon this january
The countdown starts on https://t.co/emTlFkMDl7
Get ready, because you are going on a great adventure with Warena ️????
– Warena (@WarenaOfficial) January 1, 2022
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