Bitcoin dipped further below the $20,000 zone to chart another weekly low just above $18,200, indicating a lot of selling pressure on the market.
However, Ripple (XRP) is up 11% today, and The Hideaways (HDWY) takes the top gainer spot after its 100% price move yesterday.
With the 75bps rate hike by the US Fed now priced in, it seems that the whole crypto market is making an excellent recovery.
Bitcoin (BTC) Price Still Below EMA21 1D Resistance
Bitcoin (BTC)’s current price is $18,699 and is at its last support. If this breaks, there is a lack of bullish liquidity, and we could see quite a devastating crash.
On the daily timeframe, BTC is still below the EMA-21, and selling pressure is starting to increase again. The key support at $18,000 will test the bull’s resolve.
Our analysts predict that the lows will be swept, but with a lack of liquidity in the market, they see a possible $11k BTC inbound.
This is backed up by the head and shoulders pattern that $BTC has made under the downward diagonal resistance.
Ripple Gains 11% Amid US SEC Lawsuit.
During the early hours of today, while BTC was down, Ripple (XRP) went up 8% despite its ongoing lawsuit with the US Securities and Exchange Commission.
XRP is now up 11%, trading at $0.3761, and is approaching the $0.4 resistance zone.
If XRP breaks out of this zone, we might meet the next resistance at $0.5. Buy pressure has been steady today on XRP with a calm but steady bullish trend.
The Hideaways (HDWY) Celebrate New High at $0.02 With $0.03 Coming Up
The ongoing The Hideaways (HDWY) presale has been a saving grace for BTC holders – and rightfully so as our fundamental analysts pick up on.
The Hideaways (HDWY) allows you to get more than 20% minimum passive income on your investment, and they’re transparent about how it’s made:
- Secure off-the-market real estate for $HDWY holders and fractionalize them into NFTs
- Handle all rental and events management, securing high yields in luxurious destinations
- Expose NFT holders to capital appreciations as the property prices increase
Its revolutionary plan to merge blockchain, crypto tokenomics, and real estate investment has successfully brought in many old and new investors in the crypto market.
On Friday night, as promised, The Hideaways (HDWY) hit an astonishing 100% price increase, showing the sustainability and credibility of this project.
On top of that, they have audited their token contract and passed with flying colors – they did this with SolidProof and now look to firms like CerTik and SlowMist to double check.
The Hideaways (HDWY) is currently at the presale price of $0.02, and prices are expected to hit 8,500% by the end of 2022. Still a good time for you to invest and join this profit-taking come January 1st – its launch date.
For more information, check out The Hideaways (HDWY);
Website: www.thehideaways.io
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
