The Bitcoin exchange rate was able to overcome the 4,000 US dollar hurdle again on 20 December. This raises the question: Has the correction been overcome or are we in a bull trap? The situation on the crypto market.
The cryptosoft side: Resistance maintained
The Bitcoin rate breaks the $4,000 barrier. What led to hair scuffles and panic selling last time is currently giving rise to hope. With a good seven percent plus in the last 24 hours, the Bitcoin cryptosoft exchange rate was able to recover somewhat. Here is the cryptosoft review.
IOTA is also looking a little better again. The token for the Internet of Things has gained a good five percent in the last 24 hours. The rate for a token is currently 0.30 US dollars.
The Stratis project was able to make the biggest profits in the last 24 hours. With a total profit of 45 percent, the Strat rate is currently 1.50 US dollars.
Bitcoin rate: Are the cops taking a run for the trap?
Now the question arises as to whether the current rebellion is just a twitch or whether the bottom has been reached for Bitcoin & Co. On the fundamental technological side at least, things are looking good. Binance and other stock exchanges are still preparing for institutional investors. Meanwhile, the entire ecosystem also seems to be maturing – the developments in the Lightning Network segment speak for themselves.
The Bitcoin course also offers hope from a technical point of view. The support area held between 3,132 and 3,303 US dollars. The low for the year of 3,159 US dollars heralded an upswing and also offered an entry point for all those who are going long. The resistance of 3,655 US dollars also appears to have been outbid. If the current hurdle of 3,929 US dollars is maintained for longer, we will have some room for improvement. The price analysis in detail can be found here.