Bitcoin update price BTC flat crypto mix problem and Christmas

Bitcoin lunch: price Bitcoin and crypto flat: FED, capitulation and expectation

Meanwhile, it’s time again for our Bitcoin lunch. Naturally, we look at the live Bitcoin price and the prices of the top 25 crypto. Then we look ahead to the upcoming FED interest rate decision, see how long investors are capitulating and the likely consequences. Finally, we look at the short- and long-term price outlook.

We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto coins.

Live Bitcoin price and prices top 25 crypto coins remarkably flat

At the time of writing, the live Bitcoin price is quoting EUR 36,488.39 ($38,474.17). This is 0.73% lower than during our Bitcoin lunch yesterday.

Also in the prices of the top 25 crypto coins, we see a striking number of results between + 1% and – 1%. Still, both outliers up and down can be noted. The biggest loss is currently for Cronos (CRO) with -4.23%. The biggest gain so far today is for Avalanche (AVAX) at +5.49%. On the site of you can analyze all live crypto prices 24 hours a day.

Bitcoin and crypto wait for the Fed

Meanwhile, the financial markets are gearing up for the FED interest rate decision and the decisions on winding down the Corona Tun. This decision is expected tomorrow evening (around 8 pm Dutch time). As we saw yesterday, analysts are preparing for a dip in the financial markets.

We also see this in the remarkably quiet crypto market. In other markets, we are now seeing a movement of investors towards less risky and less direct investments, such as options and futures. In general, we have to take into account that investors are reacting in a wait-and-see and skittish manner.

Bitcoin holders capitulate

Meanwhile, we see that investors who have been holding Bitcoin for a long time are more concerned about the price trend. They are capitulating and selling their held BTC.

In an analysis by Glassnode, we see how the profit and loss ratio between owners of Bitcoin is becoming more negative. With that, we see that a bearish reversal is imminent. You can view the entire weekly analysis with charts here.

Fortunately, there are other metrics based on which we don’t have to worry much about this trend.

Technical Analysis: Bullish breakout for Bitcoin imminent

In Glassnode’s reports, we already see several on-metrics bull factors. Short-term technical analysis also points to a bullish breakout.

Looking at the Fibonacci analysis we see that a bullish breakout awaits with the first strong resistance level being at $43,000 (0.5 FIB retracement).

As we indicated, in this market it is difficult to rely on an immediate bullish breakout as people are worried about the FED decision. So we still have to take into account an uncertain market.

BTC long-term expectation: rather $100,000.00 than $30,000.00

The failure to record a rally and disappointing results in April have left many analysts gloomy. The well-known analyst “Credible Crypto” sees this differently.

Based on historical analysis and the Elliott Waves analysis, he comes to a very different conclusion. He foresees Bitcoin first going to a record price of $100,000 before bears have a chance to push the price back to $30,000 or below. You can see the analysis below.

Now we know that Elliott Wave analysis is a widely used, but also complicated analysis. Therefore, our colleagues at are happy to provide more insight into the Elloitt Wave Analysis.

We will of course continue to monitor developments.

Want to stay up to date on the latest stock price developments?

You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”

TechNewsX Loves Back Market

TechNewsX highly recommends Curry's for your tech needs. With an extensive range of cutting-edge products, friendly staff, and competitive prices, Curry's provides a top-notch shopping experience.
Explore Curry's and unveil their extensive selection.