Биткоин может преодолеть сентябрьские минимумы в $30K, предупреждает трейдер
Биткоин (BTC) зачерпнул ликвидность на новых минимумах 7 января, поскольку 2022 год продолжал демонстрировать неутешительную ценовую динамику.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Trader: BTC price should close above $42,400
Data from our site Markets Pro and TradingView showed BTC/USD hitting its lowest levels since September overnight and reaching $40,938 on Bitstamp.
The pair had initially bounced at $42,000 but then renewed its descent, surpassing the floor seen in December’s liquidation cascade.
Among traders, the discussion focused on a similar event occurring, with targets even including a crash below September’s $30,000 lows.
“Could even go lower with a liquidation wick, below September lows,” popular Twitter trader Crypto Ed warned as part of his latest forecast.
At current levels, Bitcoin thus also threatened to disappoint trader Anbessa on daily timeframes.
Quote.
#Bitcoin price action explained (3/4)
Zoomed in:
Bearflag channel support hit after fakeout ✔️
Inv H&S support hit again (2nd time) ✔️
While I would tolerate a fakeout to $39.333 intraday
this support right now $42,4k should hold DAILY pic.twitter.com/Qv69dekie9
— AN₿ESSA (@Anbessa100) January 6, 2022
End of Quote.
Macro odds were stacked against both Bitcoin and crypto, commentators argued, headwinds coming from — among other things — events in Kazakhstan, home to an estimated 18% of Bitcoin’s hash rate.
Following mass internet outages across the country this week, hash rate estimates began to show an abrupt dip of around 20 exahashes per second (EH/s) from what were previously all-time highs of 192 EH/s — evoking last year’s Chinese miner exodus.
“The money printer ain’t going BRRR”
Looking forward, others likewise remained subdued on crypto market prospects thanks to macroeconomic policy.
Among them was Arthur Hayes, former CEO of derivatives exchange BitMEX, who pointed at the United States Federal Reserve’s scheduled rate hikes and reduced asset purchases as souring the allure for risk-asset holders.
Easy money, he wrote in a fresh blog post released, is essentially drying up.
Quote.
The money printer ain’t going BRRR, so #crypto is about to get bludgeoned with a two-by-four studded with rusty nails. Read my essay «Maelstrom» to find out why. pic.twitter.com/sKUA4i9dF5
— Arthur Hayes (@CryptoHayes) January 6, 2022
«Учитывая закон больших чисел, простое возобновление прежней тенденции в покупке активов не приведет к внезапному и резкому ускорению роста денежной массы. Поэтому, хотя рискованные активы будут ликовать — в том числе и криптовалюты, — в лучшем случае покупки активов будут медленно расти к своим прежним историческим максимумам», — утверждает он.
«Даже если это произойдет, криптовалютные рынки будут расти только в том случае, если ФРС публично включит краны, и тогда фиат хлынет в криптовалюту».
Остается неизвестным, когда ФРС повысит ставки, в то время как сокращение покупок уже началось.