Bitcoin has been struggling to hold above $19,000 for the past couple of days, with the selling pressure above this price level proving to be significant. If sellers continue suppressing the cryptocurrency’s price action and hold it below this level for an extended period of time, it could lead to some serious losses. One trader is now noting that Bitcoin could still be on the cusp of seeing further upside in the hours ahead, noting that $19,400 is his near-term target. This is the last resistance level before the crypto rallies towards the resistance between $19,800 and $20,000.
A break above this level could mean that fresh all-time highs are imminent for the entire crypto market. Bitcoin and the rest of the crypto market have been consolidating throughout the past few days.

Despite the countless rejections that the crypto has seen within the $19,000 region, BTC has been able to avoid seeing any sustained move lower over the past few days and weeks. weeksontinued ability to hold above this level does favor bills and seems to indicate that further upside could be imminent in the days and weeks ahead.

One trader echoed this sentiment, explaining that a move up towards $19,400 could be imminent. A break above this level would be technically significant.

See more for yourself here

Tons of gold have been taken off ETFs while bitcoin was rising in price, showing a striking correlation between the two.

According to analysts at JPMorgan Chase & Co., family offices and other funds are selling their gold exchange-traded funds for crypto with gold-backed ETFs dropping 93 tons of metal, worth some $5 billion since Nov. 6.

Gold’s price has been falling since August of this year when bitcoin began rising to now near $20,000.

That has led many to suggest bitcoin is a better hedge against the trillions of new money being printed as it has responded more quickly to events

Furthermore a study in 2018 found that replacing gold with bitcoin can provide higher risk adjusted returns.

“We find that it is possible for an investor to substitute bitcoin for gold in an investment portfolio and achieve a higher risk adjusted return,” they said. “These results are robust to the inclusion of trading costs.”Since then studies have found bitcoin is a hedge against geopolitical risk and that the price of both the dollar and the euro can affect it, but there is no correlation with stocks.

See more for yourself here

Awareness -
        Tingan nyo muna baka scam project kabayan.

• pekeng team
• unsecured website
• wlang masyadong updates tungkol sa project nila sa social media
• plagiarized white paper

Discussion Comment-
      Basahin nyo din muna kabayan comment ng higher rank sa bounty campaign, kasi kaminsan sila na nagsasabi na scam or legit yung project.

Exchange-
     Kabayan mas maganda din if listed na sila sa maayos na exchange to minimize the risk na mapasali kayo sa scam at failed projects.

Maximize Reward-
    Mas maganda kung kasali din kayo sa iba't ibang campaign hnd lng sa iisa, para mas mataas ang chance na makakuha kayo ng high rewards.
Kung kinakailangan na mag pataas kayo ng friends/followers gawin nyo kabayan kasi sayang naman kung mababa makukuha nyo.

High rank-
     Mas ayos kung mataas rank mo kabayan lalo na kung kasali ka sa signature campaign kasi mataas makukuha mong reward kesa sa social media campaigns.
Guide sa pag Rank
Rank update (Bilang ng Post per rank).

Always Update-
    Mas maganda if makaonline kayo ng gabi or madaling araw kabayan kasi, nagpopost lng kasi ang mga bounty manager ng mga ganun oras.
    Kung may telegram yung bounty manager mas okey nakikiupdate kayo sa knila kung may bago sila campaign na ilalabas.
    Kasi minsan puno na slot ng campaign bago pa kayo makasali lalo na at nililimit na ng mga bounty manager ang mga participant ngayon.

Ito ang ilan sa list ng mga active Bounty Manager sa ating forum

• Bounty Detective .
• Small Rabbit Bounty Management
• Fatema's Bounty .
• deloodin

Rules-
    Mag basa muna kayo ng mga rules kabayan para di kayo mareject o magkamali sa pag sali sa campaigns.

     Good luck sa pag sali sa bounty campaigns mga kabayan lalo na sa nabalitaan ko sa mods naten nandito na pala yung dalawang sikat na bounty manager sa kabila (btt) magandang senyales ito.

    Kung may idadagdag kayong Tips at Guide wag kayong mahiyang mag comment mga kabayan.

Bitcoin has the potential to be revolutionary and has drawn comparisons to many of the most powerful assets and technologies on the planet. On the asset side, it is earning its place alongside gold and currencies, while as a technology could be as groundbreaking as the personal computer or the internet.

The author of the book Bitcoin Billionaires even believes, based on his close experience with the social network, that the cryptocurrency could become as dramatically world-changing as Facebook. Here’s why this could be true, and the potential of the cryptocurrency could be far wider reaching than anyone expects

See more for yourself here

The amount of Ethereum locked in DeFi has dropped by 2.23 Million ETH since mid-November.The current amount of ETH locked in DeFi is 6.7M compared to 8.929M in mid-November.The drop coincided with ETH staking on ETH2.0.Staking on ETH2.0 might be a safer alternative to DeFi where rug pulls and flash loans are normal

The amount of Ethereum locked in DeFi protocols since mid-November has seen a drastic drop. According to data from DeFiPulse.com, the amount of Ethereum locked in DeFi has dropped by approximately 2.23 Million since November 15th.

The Drop Coincided With Ethereum Staking on ETH2.0
The drop in the amount of Ethereum on DeFi protocols coincided with the staking of Ethereum on ETH2.0. According to data from CryptoQuant.com, the number of Ethereum deposited to the ETH2.0 contract started to increase exponentially around mid-November. The chart below, courtesy of CryptoQuant.com, further demonstrates this fact.

See more for yourself here

Bitcoin is in the process of pushing higher today, with bulls aiming at sending the cryptocurrency up towards the resistance that it has long faced within the mid-to-upper $19,000 region.

If the selling pressure here remains constant and continues hampering the cryptocurrency’s growth, then bears may be poised to gain some control over BTC’s price action and send it reeling down towards $18,000 once again.

Where it trends in the mid-term will depend largely on whether or not it can maintain the trend of setting higher-lows after each rejection around its highs.

Last week, BTC plunged as low as $16,400 after facing a rejection around $19,500. Earlier this week, a rejection around the same price level caused it to plunge to lows of $18,200.

If it faces another rejection at these highs, bulls must hold it above $18,200 to continue setting higher-lows.

See more for yourself here

At the time of press, Bitcoin was making another attempt at moving above the level after breaking out from a short-term pattern.

Bitcoin Deviates Above Resistance
The BTC price has been facing resistance from $19,400 since it was rejected by the level on Nov. 24, causing a sharp drop.
Since reaching a local low on Nov. 26, BTC has been increasing and has deviated above this $19,400 resistance area on Dec. 1 However, BTC is also following an ascending support line, which combined with the resistance area creates an ascending triangle of sorts.

The MACD and RSI are bullish and support the possibility of an upward move and an eventual breakout, which could take the price to a new all-time high.

See more for yourself here