2021 was a year when adoption for cryptocurrencies and Bitcoin peaked.
The market, which created new millionaires in price fluctuations, made its early investors smile.
As investors prepare to bid farewell to 2021, expectations for 2022 continue to be voiced.
Investors, who are preparing for 2022 and are enjoying the New Year holiday, will also follow the monthly closing.
On the last day of the year, Bitcoin is currently trading at $48400 with a 3% premium.
Looking at the short-term 4-hour period, we seem to be correcting the decline from $52,000. At this point, $49700 and $50700 will be our resistance zone. Our supports are at $48263 and $47360.
The drop from $69,000 has caused many investors to walk away from the market and surrender to the bears.
Although the desired reaction did not come and the risk appetite continues to avoid risky products with the US markets, our past experience shows that the market gives real opportunities in such moods.
When we look at Bitcoin on a monthly basis, we see that we have tested the previous demand zone.
At this point, monthly close above $47100 and maintaining this level will be quite positive. A one-month close below this level could bring $43,000 back into the spotlight.
In the monthly close above $47,100, we can see a test of $53,600 again in the coming days. It is necessary to re-evaluate according to the price movements that will occur at this level.
If you are wondering how Bitcoin is moving in the New Year, you can check out the news below.
*Not Investment Advice.