Why Bitcoin’s [BTC] move in this direction seemed likely after this breakdown

AmbcryptoPublicado a 2022-11-13Actualizado a 2022-11-13

Resumen

Bitcoin’s previous bounce-backs from its vital support range (rectangle, cyan) kept up the near-term recovery hopes alive. But its recent plunge below the daily 20 EMA (red) and 50 EMA (cyan) have reaffirmed a robust selling edge.

Bitcoin’s [BTC] previous bounce-backs from its vital support range (rectangle, cyan) kept up the near-term recovery hopes alive. But its recent plunge below the daily 20 EMA (red) and 50 EMA (cyan) have reaffirmed a robust selling edge.

”“

The price action entered into a relatively low liquidity region as it broke into high volatility after the recent pullback. At press time, BTC was trading at $16,818.49, down by 3.65% in the last 24 hours.

”“

BTC hovered near a vital trendline

Source: TradingView, BTC/USDT

”“

At the time of writing, the king coin marked a reliable rebound from the $15.9K support. Consequently, the bulls strived to challenge the limitations of the $17.6K ceiling.

”“

The trendline resistance (white, dashed) could play a crucial role in influencing the coin’s trajectory. Should the bulls inflict a close above this level, BTC could stop the bears from retesting fresher lows.

”“

In such circumstances, the first major resistance level would lie in the $17.6k zone. The crypto entered a high volatility phase immediately after taking a U-turn from the $21.2K resistance. A sustained position below the trendline resistance could induce a pulldown toward the $15.9K support.

”“

The bearish cross on the 20/50 EMA further improved the chances of bears maintaining their immediate advantage in the market.

”“

The Relative Strength Index (RSI) kept plunging while depicting a bearish market. Similarly, the Moving Average Convergence Divergence (MACD) line and the Signal line fell below the zero mark to reveal an increasing bearish edge over the past few sessions.

”“

A decline in the MVRV ratio and development activity

Source: Santiment

”“

Post its relatively high levels of development activity in October, the metric marked a steep downtrend over the last month.

”“

To top it up, the king coin’s 30-day MVRV ratio declined well below the zero mark to depict an edge for the sellers. The last time this ratio fell to such lows was in May 2021.

”“

Nonetheless, the targets would remain the same as discussed. Also, investors/traders should factor in macro-economical factors affecting the broader sentiment. This analysis will help them increase the chances of a profitable bet.

Lecturas Relacionadas

Those Who Use AI to 'Quickly Finish the Job' Are Ruining the Workplace

Some people are using AI tools to quickly produce superficially complete work, like reports, proposals, or performance reviews, just to "check a box." This results in "Workslop" – workplace AI output that looks polished but lacks factual verification, professional judgment, and real value. The core problem is the shifting of work costs: while the generator saves time, the receiver must spend hours verifying information, correcting errors, and deciphering vague conclusions. This undermines team efficiency and trust. Examples include a manager using AI for vague, unactionable employee feedback, an analyst generating weekly reports with misleading AI-interpreted data, and a team producing extensive project documents with no one able to justify the underlying assumptions. The issue isn't AI itself, but how it's used. It amplifies existing work habits. Responsible users treat AI as an assistant for drafting and organizing, then add firsthand verification and judgment. Those merely looking to "hand in" work delegate responsibility to the AI and their colleagues. Ultimately, the value of work should be judged not by its speed or polish, but by whether it provides new facts, clear judgments, and an accountable owner. AI cannot understand context, make critical decisions, or bear the consequences – those remain irreplaceably human responsibilities.

marsbitHace 4 min(s)

Those Who Use AI to 'Quickly Finish the Job' Are Ruining the Workplace

marsbitHace 4 min(s)

From 'Western Learning Ants' to Korean Pension Funds: Why Does Korean Capital Continue to Flow to the US?

Summary: "From 'Western Ants' to National Pension: Why Korean Capital Continues to Flow to the U.S.?" South Korea’s capital is increasingly moving toward U.S. markets, driven by two key investor groups. Individual retail investors, known as "Western Ants," actively trade U.S. stocks overnight, seeking exposure to major tech firms and higher returns often unavailable in Korea’s concentrated domestic market. Simultaneously, the National Pension Service (NPS), managing over $1.16 trillion in assets, is expanding its global investment footprint. Facing demographic pressures and the sheer size of its fund, NPS has steadily increased overseas allocations, with over half its financial assets now invested abroad. A recent memorandum of understanding with six top U.S. venture capital firms (including Sequoia and a16z) marks a strategic extension into Silicon Valley’s private investment ecosystem, aiming to access growth-stage tech opportunities while leveraging external managers’ expertise. While both flows reflect limitations of Korea’s home market, their risk profiles differ sharply: retail investors often pursue speculative, concentrated bets, whereas NPS must ensure long-term, diversified returns for national retirement security. This outward shift also creates macroeconomic tensions, as demand for dollars from both groups pressures the Korean won, prompting coordinated measures between NPS and the central bank to mitigate currency volatility. Ultimately, Korea’s growing financial integration with global markets—especially the U.S.—signals a broader structural shift where citizens’ wealth and pension sustainability are increasingly tied to worldwide economic dynamics.

marsbitHace 8 min(s)

From 'Western Learning Ants' to Korean Pension Funds: Why Does Korean Capital Continue to Flow to the US?

marsbitHace 8 min(s)

SharpLink's Helm: Buy, Don't Sell, Let ETH Generate Income in the Crypto Winter

SharpLink co-CEO Joseph Chalom, in an interview at the Injective Summit 2026, argues that market pessimism about Ethereum is detached from its strong fundamentals. He highlights that Ethereum dominates stablecoin trading volume (over 50%), tokenized real-world assets (nearly 60%), and DeFi. To counter negative sentiment stemming from the Ethereum Foundation's restructuring, SharpLink, alongside ConsenSys and Bitwise, is funding three newly independent teams from the Foundation: ETH Labs (scaling), Ethereum Institutional (marketing/business development), and EthSystems (privacy/compliance). These initiatives aim to accelerate institutional adoption. Chalom outlines SharpLink's strategy: raising billions to acquire and hold ETH productively through staking and DeFi partnerships without using leverage or debt, contrasting this with Bitcoin-focused treasury models that may require selling assets. He sees tokenization of assets and 24/7 trading as key future drivers, with regulatory clarity (e.g., the Clarity Act) acting as a catalyst. He believes institutions will eventually prefer tokenized, programmable assets for their constant tradability. SharpLink's roadmap focuses on being an "ecosystem steward," investing in Ethereum's growth to align with its shareholders' long-term interests.

marsbitHace 22 min(s)

SharpLink's Helm: Buy, Don't Sell, Let ETH Generate Income in the Crypto Winter

marsbitHace 22 min(s)

This Strategy Earned Hefei One Trillion Yuan

This article analyzes the "Hefei Model" that enabled a municipal state-owned investment to generate paper profits exceeding one trillion yuan through the 2026 IPO of ChangXin Memory Technologies (CXMT). It argues against framing this success as a "lucky gamble," instead presenting it as the result of a deliberate institutional system designed to enable long-term industrial investment. The system comprises three core components. First, a **quantified risk-tolerance mechanism**, including a 40% loss allowance for venture funds and a clear "duty-fulfilled exemption" list, decouples project failure from personal career risk for decision-makers, allowing them to focus on industrial potential rather than personal liability. Second, **strategic investment in critical supply chain gaps**: Hefei doesn't just invest in "good" projects, but targets "missing" links essential for its key industries (appliances, displays, cars). The investment in CXMT aimed to fill the critical DRAM memory chip gap, subsequently attracting over 450 upstream and downstream firms and creating a full semiconductor cluster. Third, **institutional authorization for counter-cyclical investment**: Protected by the risk-tolerance framework, Hefei supported CXMT with increased investment during the 2023 global memory industry downturn, enabling it to scale production and capitalize on the 2025 AI-driven demand surge. The article concludes that the true lesson is not the specific investment but building the institutional infrastructure—quantified risk tolerance, deep industry chain analysis, and counter-cyclical mandates—that makes such long-term, strategic bets possible. It notes the final challenge is perfecting the exit mechanism to complete the investment cycle and transform paper gains into sustainable fiscal returns and reinvestment capacity.

marsbitHace 22 min(s)

This Strategy Earned Hefei One Trillion Yuan

marsbitHace 22 min(s)

Silicon Valley VC's On-the-Ground Observations of Chinese Entrepreneurship: A Harsher Capital Environment Breeding Fiercer Companies

A Silicon Valley VC's on-the-ground observations of China's startup ecosystem reveal a harsher capital environment forging more aggressive and execution-driven companies. Unlike Silicon Valley's patient capital focused on long-term growth, China's venture landscape is characterized by intense pressure for exits. Startups often face "equity in name, debt in reality" terms with strict timelines and personal founder liability, pushing IPO as the nearly mandatory exit path due to a virtually non-existent M&A market. This high-stakes system, while potentially fostering short-termism, cultivates extreme cost discipline, rapid execution, and formidable commercialization skills—traits evident as these companies expand overseas. The funding ecosystem comprises three main pools: local RMB funds (often government-backed with economic development mandates), domestic USD funds (more founder-friendly, like Sequoia China), and dwindling direct foreign capital. Financial Advisors (FAs) play a crucial intermediary role, packaging deals and navigating China's opaque, relationship-based business networks where platforms like LinkedIn haven't taken root. Underpinning it all is significant state influence through industrial policy, directing capital and incentives toward strategic sectors like semiconductors and AI. The result is a distinct, parallel innovation model—less forgiving than Silicon Valley's, but capable of concentrating resources, accelerating iteration, and producing fiercely competitive companies in targeted industries.

marsbitHace 28 min(s)

Silicon Valley VC's On-the-Ground Observations of Chinese Entrepreneurship: A Harsher Capital Environment Breeding Fiercer Companies

marsbitHace 28 min(s)

Trading

Spot