Bitcoin started the new year on a good note
Bitcoin, started the new year at $16,650, closed the first day of the new year with a rise.
While the cryptocurrency market continued its narrowband movement on Friday and over the weekend, Bitcoin closed the year at $16,500. Ethereum also continues to move just above $1200. Solana, which has caused a decrease in risk appetite for a while due to hacking events on the blockchain, received a strong reaction from the $10 region and relatively cheered up the crypto money market. Solana, which has risen up to $ 12 in the morning, is currently priced in the $ 11 region.
Bitcoin started the new year on a good note
Bitcoin, which started the day at $ 16,650, closed the first day of the new year with an increase. US and European markets continued to retreat on the last trading day of 2022. While Wall Street indices had their worst period since 2008, the S&P 500 and Nasdaq composite indices lost 20% and 33% respectively this year.
We will start the new year with intense data flow. Today, the US and European stock markets are closed for New Year's Eve. PMI and CPI data will come from many regions, but the eyes of the markets will be on the FED minutes, which will be released on Wednesday, and the Non-Farm Employment figures, which will be announced on Friday. Bitcoin, which shows volumeless activity in the new year, tests the rising trend many times and is priced at $ 16,700 during the day. Although it had a pullback to $ 16,300 on December 30, the first resistance level can be met at $ 16,830, in the continuation of the positive scenario for Bitcoin, which makes daily closings above the rising trend. Then, the $17,000 levels can be tested. In the negative scenario, the trend line at $16,550 can be expected to act as support. If it fails to hold this level, $16,200 can be met.
