A Daily Outlook: BTC/USD; Dec 31, 2021

Top 5 Headlines on Digital Currency:

  • Tesla and Spacex CEO Elon Musk says dogecoin is “fundamentally better than anything else” he has seen while he criticizes bitcoin – Investing.
  • Shark Tank celebrity Kevin O’Leary, also known as Mr. Wonderful, says he would be ready to increase his crypto allocations up to 20% as soon as there are clearer regulations around stablecoins – Investing.
  • The biggest bitcoin investor purchased an additional amount of 1,914 bitcoins during December – Investing.
  • Cryptocurrency and stock trading app Robinhood plans to roll out the beta version of its digital wallet feature starting in January 2022 – Investing.
  • Mexico has announced that it would introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet posted on Thursday – Investing.

Technical View:

  • The BTC moves in rigid boundaries and remains well supported below $48,000 mark.
  • The pair made intraday high at $47,386 and low at $46,840 mark.
  • Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $48,650 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $46,280 will check further supports.
$46,280 $48,650
$46,150 $49,100
$45,800 $49,550
$45,220 $49,980
$44,800 $50,200

Take a look and do trade wisely!
Good Luck