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Bitcoin Overcomes $49k Resistance Price Due To Turkish Lira - Know Why?
2021-12-21 | Daniel Smith
BTC/USD 1 DAY PRICE CHART: SOURCE - COINMARKETCAP.COM
In an unexpected twist, Erdoan had previously spoken out as opposed to bitcoin, proclaiming Turkey to be "at war" with the sector. The change fueled Bitcoin and altcoins equally, with 5% increases seen throughout the main cryptocurrency charts on Tuesday. A peek at the Crypto Dread & Greed Index, a prominent trend barometer, revealed some comfort owing to the rise, with the mood increasing two points to 27/100, or from "severe fear" to "fear." Analysts are concerned about dwindling anticipated profits Moreover, data on hodler activity suggested that a pivotal era in Bitcoin profitability was on the horizon. It was revealed by the monitoring site Whalemap that BTC at a loss will shortly pass BTC hoarded with unrealized gains. Traditionally, when such crossings occur, the upswing resumes.
