Bitcoin Delays Christmas Market, Fund Predicts New Year's 'Short Press'

QCP Capital said the current situation can be a bit boring, but the "non-functioning" market is increasingly giving birth to a gold market agent.

After the c (BTC) hit a 10-day high on December 22, the market rallied well after recent "consolation" warnings.

How jajangmyeon new year?

Data from Cointelegraph Markets Pro and TradingView tracks BTC / USD differences, consolidating after BTC / USD hit around $ 50,000 overnight.

The bulls hit a large eye wall near their main brain, with analysts saying they need to touch and hold $ 50,500 to turn around well in the short term.

A popular Pentosh trader tweeted on social media: "Today, Bitcoin will explode from the sea to lower levels."

"Give me the bear, let's go, the boat. Go safe. Come with us to the 53 km dry land, where we can all conquer and keep the glory."

Neither the cryptocurrency market nor the market has traditionally experienced the 'Santa Gathering' until now, but there is gambling that could experience a renaissance in the New Year.

At the heart of a stable market is QCP Capital, which is likely to have a short-term water supply during the holiday season, which could also lead to short-term sales in the cold market.

"We believe the market has slowed down due to the narrowing of the channel space from 45,500 to 49,500. Now is a good time to buy chicken wings."

"... We argue that the market will remain high (possibly rising) with the holidays in 2022 and income falling. If that turns out to be true, it will have every interest in having wings.

According to Coinglass data, at the time of writing the exchange rate is good or bad, but the exchange rate is moderate, indicating that the assumptions are insufficient.

The US dollar gave further gains

At the same time, even when Wall Street opens, the macro signal is not true that Tesla stock rose 4.3%, but this does not affect Bitcoin's performance.

The S&P 500 has risen slightly since launch and last week the coronavirus alert went away.

Further losses in the US dollar weakened the stock market and the US Dollar Currency Index (DXY) reached 96 support levels throughout the day.