Bitcoin update price BTC flat crypto mix problem and Christmas

Bitcoin update: price BTC and crypto rises. Bitcoin price path and swim

Meanwhile, the US markets have closed again. We look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at how insiders estimate the course of the BTC price in the short and longer term. Finally, we see how shark Kevin O’Leary swims through the crypto market. How much Bitcoin would he have?

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

Live Bitcoin price rises, prices top 25 crypto coins also remain positive

At the time of writing, the live Bitcoin price is quoting EUR 38,437.71 ($42,536.12). This is 3.34% higher than during our Bitcoin update yesterday.

The prices of most of the top 25 crypto currencies also remain positive. The biggest exception is Terra (LUNA), which is down the most over the past 24 hours at -2.47%. The biggest gain in the past day is for Bitcoin Cash (BCH), which is up 13.64%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.

How far can Bitcoin grow in the short term?

As the price rises, so do the support and resistance levels. Meanwhile, we see that Bitcoin is trading above the $42,500 level. In fact, earlier today the BTC price was even well above $43,000.00, but it declined slightly. If the virtual day’s close is above $42,300, investors say a further rise in prices is likely.

The short-term price target is then around $45,500. Other traders, however, are still cautious and warn of a bearish flag. For now, however, the market seems to remain bullish. How this came about we discussed this afternoon.

Can we already speak of a BTC bull market?

After the hefty price corrections at the end of last year and in the first months of this year, we are seeing price increases again from the end of February. The question is, of course, whether we can already say for sure whether we are still or again in a bull market. The fact that BTC’s short-term growth is in small steps and that bearish comments are also regularly made already gives the answer a little away.

Traders are optimistic, but cautious and are still looking for further confirmation of price growth to be able to talk about a bull market. Analysts at AvaTradre are clear. They see all the movements we are seeing now as a consolidation trend. They only want to speak of a bull market when Bitcoin is able to struggle through these small steps to above $50,000.

He indeed foresees a possible growth $45,300 in the short term, the upper point of a symmetrical triangle pattern. To get really excited again, the BTC will need to rise above $46,000 (above its February high) after $45,300 to give solid buy signals to the market. These signals should cause volume to rise. After that, further growth is needed above $50,000. You can read the entire analysis including charts here.

Are there any sharks swimming in Bitcoin?

Most investors are familiar with whales swimming in BTC. In fact, this term is a nickname for the grand owners of the largest crypto. Sharks are also becoming an increasingly common “crypto animal. By this we mean the multi-millionaires and billionaires who are the sharks in America in the popular ‘Shark tank’ (a kind of Dragons’ Den). Shark Marc Cuban is now a well-known figure in the world of NFT.

Meanwhile, the next shark is emphatically reporting in the crypto pond in the person of Kevin O’Leary. This multi-entrepreneur and TV star nicknamed Mr. Wonderful started his own crypto platform WonderFi (WONDF), which is entirely focused on DeFi developments. Shares in WonderFi are also publicly available for sale.

Nasdaq thought it was high time for an interview, which you can watch below. In this interview, he explains his views on investing in crypto and interest rate trends. Of course, they also discuss the rapid growth of the WonderFi platform and its differentiators. Finally, they try to entice Mr. Wonderful to discuss his own investments. How much BTC has this shark already caught? Watch and listen for yourself.

We will of course continue to follow the market and serve you another crypto lunch tomorrow with quotes and crypton news.

Want to stay up to date with the latest 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.”