Bitcoin Momentum Could Lose Steam<\/strong><\/h2>\nCoinGecko’s price updates show that Bitcoin has only shown slight variations over this period, indicating that it is in an equilibrium phase after its recent price spikes.<\/p>\n
The subtle fluctuations in the price of Bitcoin indicate not just a break but also a chance for market players to evaluate the situation as it stands.<\/p>\n
The well-known cryptocurrency trader Josh Olszewicz, who goes\u00a0by the handle CarpeNoctom on X, completed an empirical study that suggests there is a considerable chance that Bitcoin (BTC) could collapse and possibly drop below the $38,000 mark.<\/p>\n
\n$BTC<\/a><\/p>\nbear case = 35.7k (daily Kijun)<\/p>\n
SL on longs prob prudent around 42.8k pic.twitter.com\/NqyLsJS9Nq<\/a><\/p>\n\u2014 Josh Olszewicz (@CarpeNoctom) December 10, 2023<\/a><\/p><\/blockquote>\nBased on his analysis of the daily Kijun line\u2014a pivotal technical signal in the world of cryptocurrency trading\u2014Olszewicz maintains a gloomy outlook.<\/p>\n
A crucial medium-term trend indication in cryptocurrency trading is the Kijun Line, which is a component of the Ichimoku Cloud indicator.<\/p>\n
Averaging the highest high and lowest low across 26 periods, it helps traders determine levels of support and resistance as well as the general direction of the trend.<\/p>\n
![](\"https:\/\/www.tradingview.com\/x\/ljFXzund\/\")
Bitcoin slightly below the $42K level today. Chart: TradingView.com<\/a><\/pre>\nPrices may suggest a bullish or bearish trend depending on whether they are above or below the Kijun Line.<\/p>\n
When Goichi Hosoda created the Ichimoku Cloud in the late 1930s, the Kijun Line was one of the main components.<\/p>\n
\nShare this chart with your financial advisors (and the disclosures below).<\/p>\n
Based on your risk tolerance and investment objectives, the addition of #Bitcoin<\/a>, even in small increments like 0.5%, 1.5%, 2.5%, and 3%, has the potential to alter the dynamics of the traditional 60\/40\u2026 pic.twitter.com\/mfLFsmD4LK<\/a><\/p>\n\u2014 VanEck (@vaneck_us) December 10, 2023<\/a><\/p><\/blockquote>\nMeanwhile, prominent asset management company VanEck has emphasized that Bitcoin’s (BTC) historical performance does not guarantee future outcomes.<\/p>\n
Dark Road Ahead?<\/strong><\/h2>\nThis word of caution is important because VanEck is investigating the possible effects of adding Bitcoin to conventional portfolios, which puts the typical 60\/40 investment approach to the test.<\/p>\n
Related Reading: Cardano Rises $56% To Dominate Weekend\u2019s Top 10 Roster \u2013 Details<\/a><\/div>\nJustin Bennett, another\u00a0cryptocurrency trader and analyst, is issuing an alert that Bitcoin (BTC) might revers its upward trajectory following another surge.<\/p>\n
\nShare this chart with your financial advisors (and the disclosures below).<\/p>\n
Based on your risk tolerance and investment objectives, the addition of #Bitcoin<\/a>, even in small increments like 0.5%, 1.5%, 2.5%, and 3%, has the potential to alter the dynamics of the traditional 60\/40\u2026 pic.twitter.com\/mfLFsmD4LK<\/a><\/p>\n
$BTC<\/a><\/p>\n bear case = 35.7k (daily Kijun)<\/p>\n SL on longs prob prudent around 42.8k pic.twitter.com\/NqyLsJS9Nq<\/a><\/p>\n \u2014 Josh Olszewicz (@CarpeNoctom) December 10, 2023<\/a><\/p><\/blockquote>\n Based on his analysis of the daily Kijun line\u2014a pivotal technical signal in the world of cryptocurrency trading\u2014Olszewicz maintains a gloomy outlook.<\/p>\n A crucial medium-term trend indication in cryptocurrency trading is the Kijun Line, which is a component of the Ichimoku Cloud indicator.<\/p>\n Averaging the highest high and lowest low across 26 periods, it helps traders determine levels of support and resistance as well as the general direction of the trend.<\/p>\n Prices may suggest a bullish or bearish trend depending on whether they are above or below the Kijun Line.<\/p>\n When Goichi Hosoda created the Ichimoku Cloud in the late 1930s, the Kijun Line was one of the main components.<\/p>\n Share this chart with your financial advisors (and the disclosures below).<\/p>\n Based on your risk tolerance and investment objectives, the addition of #Bitcoin<\/a>, even in small increments like 0.5%, 1.5%, 2.5%, and 3%, has the potential to alter the dynamics of the traditional 60\/40\u2026 pic.twitter.com\/mfLFsmD4LK<\/a><\/p>\n \u2014 VanEck (@vaneck_us) December 10, 2023<\/a><\/p><\/blockquote>\n Meanwhile, prominent asset management company VanEck has emphasized that Bitcoin’s (BTC) historical performance does not guarantee future outcomes.<\/p>\n This word of caution is important because VanEck is investigating the possible effects of adding Bitcoin to conventional portfolios, which puts the typical 60\/40 investment approach to the test.<\/p>\n Justin Bennett, another\u00a0cryptocurrency trader and analyst, is issuing an alert that Bitcoin (BTC) might revers its upward trajectory following another surge.<\/p>\n Share this chart with your financial advisors (and the disclosures below).<\/p>\n Based on your risk tolerance and investment objectives, the addition of #Bitcoin<\/a>, even in small increments like 0.5%, 1.5%, 2.5%, and 3%, has the potential to alter the dynamics of the traditional 60\/40\u2026 pic.twitter.com\/mfLFsmD4LK<\/a><\/p>\nBitcoin slightly below the $42K level today. Chart: TradingView.com<\/a><\/pre>\n
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Dark Road Ahead?<\/strong><\/h2>\n
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