Bitcoin Price and Ethereum Prediction; CB Consumer Confidence in Highlights
During the Asian session on December 21, Bitcoin price prediction remains bearish under $17,000, as investors await US consumer confidence data. Similarly, Ethereum traded bullish to $1,220, but the bulls appear to be exhausted, keeping ETH below the $1,222 resistance.
The global crypto market cap gained 1.50 percent to $811.88 billion on the previous day, as major cryptocurrencies traded in the green early on December 21. The overall crypto market volume over the last 24 hours has increased by 9.38 percent to $36.06 billion.
The entire volume in DeFi is currently $1.71 billion, accounting for 4.74 percent of the overall 24-hour volume in the crypto market. The overall volume of all stablecoins is now $33.20 billion, accounting for 92.08 percent of the total 24-hour volume of the crypto market.
2022 Retail Bitcoin Ownership Rises Despite Crypto Contagion
In spite of the collapse of some well-known enterprises, retail investors have amassed more Bitcoin this year. Bitcoin long-term holders also control a record proportion of the currency. When it comes to crypto, things aren’t always bleak. Despite a price drop of 75%, Bitcoin’s on-chain metrics remain good.
Glassnode’s on-chain data shows that the percentage of BTC held by retail traders has hit an all-time high of 17%. Retail investors are individuals who have less than ten bitcoin in their wallets, according to the business.
In addition, the data shows a dramatic increase in retail ownership during the past month. Will Clemente, the co-founder of Reflexivity Research, made the following observation on December 20:
“Not perfect yet, but solid for a 12-year-old asset and definitely trending in the right direction.”
Whenever the media starts spreading fear, uncertainty, and doubt (FUD), retail investors are often the first to sell (fear, uncertainty, and doubt). As was the case in 2018 after the crackdown on ICOs (initial coin offerings), this has occurred in 2022.
CB Consumer Confidence in Highlights
The consumer confidence index will be released Wednesday, half an hour after the market starts. Like last month’s event, this might have a significant impact on the market, especially because the holiday season is traditionally characterized by increased spending.
There is a risk of a recession if this comes out as weak as it is expected to. This might be a highly significant report leading up to the holidays, considering the increase in interest rates, the potential for changes to the employment numbers, and the slowdown in wage growth.
Bitcoin’s current price is $16,810, and the 24-hour trading volume is $19 billion. The BTC/USD pair has gained nearly 0.15% in the last 24 hours, while CoinMarketCap currently ranks first with a live market cap of $323 billion.
The BTC/USD is facing immediate resistance at $17,000, and a bullish breakout of this level could lead BTC to $17,500. Bitcoin’s immediate support is at $16,500, and a break below this level can expose BTC to $16,320.
The 50-day moving average is keeping Bitcoin under pressure, while the RSI and MACD are in a buying zone. Let’s keep an eye on $17,000 today, as it’s likely to act as a turning point for Bitcoin.
Ethereum’s current price is $1,208, with a $5.5 billion 24-hour trading volume. In the last 24 hours, Ethereum has gained nearly 0.20%, and CoinMarketCap currently ranks second, with a live market cap of $147 billion.
On the 4-hour chart, Ethereum is struggling below $1,220, and the closing of a doji and bearish engulfing candle suggests a strong possibility of a bearish reversal.
On the downside, Ethereum’s immediate support is found at $1,180 and $1,150. A break of the $1,150 support zone could push the selling trend all the way to $1,110. On the bullish side, a cross above $1,220 can extend the buying trend until $1,280.
High-Profitability Alternative Coins
The entire cryptocurrency market is negative, but only a few coins are generating news.
FightOut (FGHT) – Presale Launches
FightOut, a new move-to-earn (M2E) fitness app and gym chain aiming to bring the fitness lifestyle to web3, has opened its presale, attracting the attention of investors who see the initiative as having the ability to disrupt the present web3 M2E landscape.
While other M2E applications like StepN only count steps and require pricey non-fungible token (NFT) buy-ins to participate, FightOut takes a more comprehensive approach to tracking and paying users for exercise and activity that does not require any such buy-ins.
The FightOut crypto ecosystem will be powered by the FGHT token. Because the presale raised more than $2.75 million in just a few days, investors are urged to act soon to acquire their FGHT tokens at the current price of 60.06 USDT per 1 USDT.
Visit FightOut Now
Dash 2 Trade (D2T) – Final Stage of PreSale
Dash 2 Trade is an exciting cryptocurrency trading platform company in which to put your money. The new analytics and social trading platform are expected to take the crypto trading business by storm due to its unique characteristics.
Among the features are trading signals, social sentiment and on-chain indicators, a presale token scoring system, a token listing alert system, and a strategy back-testing tool.
The D2T token, which users must purchase and retain in order to use the platform’s services, will fuel the Dash 2 Trade ecosystem. Dash 2 Trade is now holding a token pre-sale at dramatically reduced prices, with sales just exceeding $10.3 million.
Tokens are now available for purchase for $0.0533 per token and will be offered on a variety of centralized exchanges over the next month.
Visit Dash 2 Trade here
Calvaria (RIA) – Final Presale Stage Now
RIA, a new play-to-earn battle card crypto game, could become a reality. Calvaria’s goal is to increase cryptocurrency acceptance by building a bridge between the real world and cryptocurrencies in the form of an engaging and simple-to-play crypto game. Investors may be interested in Calvaria’s RIA token pre-sale.
Calvaria has raised $2.5 million and is nearing the end of its fundraising campaign, with only 18% of tokens remaining.
Visit Calvaria Now