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Mark Cuban hasn’t given up on cryptocurrencies, even though the abrupt collapse of the cryptocurrency exchange FTX has left many investors with a very poor impression. The billionaire also hurled an expletive at gold speculators in what appeared to be a sign of his support for Bitcoin.
Key Bitcoin levels To watch – December 26
The owner of the NBA team Dallas Mavericks offered his opinions on gold and Bitcoin in an episode of the “Club Random” podcast, hosted by comedian Bill Maher and scheduled to premiere on Monday.
Cuban claimed that bitcoin is a great investment and that he wants the price to go even lower so that he can buy more.
Early in November, there was a recent break in the market structure, which gave a blatant indicator of the market’s bearish inclination. The current state of the market is one of retreat, which is anticipated to last for some time.
Price is anticipated to fill the Fair Value Gap (FVG) while maintaining the $20000.10 resistance level during the market’s pullback. The Relative Strength Index is anticipated to be in an overbought area upon filling the Fair Value Gap (FVG).
Due to Mark Cuban’s encouraging comments, the news sentiment suggests that the market may go in a favorable direction. However, the market is anticipated to display a bias change or reversal statement before the possibility of coming into action.
Bitcoin key levels
Resistance level – $20000.10, $21400.00, $22600.70
Support level – $18000.90, $16400.80, $15000.80
Total Market Capitalization: $811.69B
Bitcoin Coin Market Capitalization:$324.72B
Bitcoin Volume: $12.70B
Market rank:1
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