Bitcoin Stands Above $47K
As 2021 was coming close to its end, bitcoin seemed stuck around $47,000, but a sudden price pump drove it to above $48,500, as reported on December 31st.
However, the landscape changed quite quickly in the following hours. Instead of charting more gains, BTC reversed its trajectory and dumped by $3,000. This culminated in a drop to well beneath $46,000, which became the lowest price tag in 11 days.
Nevertheless, bitcoin started to reclaim some of its lost value in the past 24 hours. The bulls added over $1,000 within this timeframe, and BTC now stands well above $47,000 following a minor 24-hour increase. Consequently, the asset’s market capitalization is now at just under $900 billion.
BTC is currently trading a $4700
In my opinion this is the best time to Buy Bitcoin in 2022
As per chart #45000 is strong weekly resistance.
December monthly close price is $4628 which act like a strong support and #4400 also monthly good support level.
$46400 is weekly strong support.
Perfect stop loss for spot Entry :$42000
If Hold $44000 monthly support then My 1st Target will be $65000
Most important point
If $Bitcoin Break $65000 resistance then we can see New All time High Top could be $250000 per Bitcoin.
Bear view: if break $44000 support and any weekly candle close below $44000 then BTC bearish.
Support levels
Weekly-$4400
Monthly-$46400
Daily-$45000