Jay Hatfield, chief executive of Infrastructure Capital Advisors said: “Cryptocurrencies are likely to remain under pressure as the Fed reduces its liquidity injections.” He projects Bitcoin to end below $20,000 in 2022. However, the bearish projections are not shared by all analysts.

Bloomberg Intelligence analyst Mike McGlone said in a recent analysis that Bitcoin may find support closer to $30,000 and Ether near $2,000. From there, McGlone expects both coins to start a bull run, with Bitcoin heading to $100,000 and Ether to $5,000.

Former Legg Mason fund manager and billionaire Bill Miller revealed in a recent interview with WealthTrack that direct and indirect crypto investments make up about 50% of his personal portfolio.

We had mentioned in our previous analysis that Bitcoin’s failure to rebound off the 200-day simple moving average (SMA) was a bearish sign and could lead to further downside and that is what happened.

The BTC/GBP pair plunged below the strong support at £34,031.76 on January 4. This intensified the selling and pulled the pair to the strong support at £29,000. The long tail on the day’s candlestick shows that bulls are attempting to defend the level aggressively.

If buyers push the pair above £32,353.68, the pair could pick up momentum and rally to the breakdown level at £34,031.76 which is likely to act as a strong resistance. The moving averages are on the verge of forming a death cross and the relative strength index (RSI) is near the oversold zone, indicating that bears are in command.

If the price turns down from the overhead resistance, the pair could consolidate between £29,000 and £34,031.76 for a few more days. The next leg of the downtrend could begin on a break and close below £29,000. If that happens, the pair could plummet to £26,845 and then to £21,462.10.

This negative view will invalidate if the price breaks and sustains above the moving averages.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue!

– Fren
– Mine Network
– Bitshiba
– Onino
– Hubble Protocol
– Deepsquare



We had mentioned in our previous analysis that Bitcoin’s failure to rebound off the 200-day simple moving average (SMA) was a bearish sign and could lead to further downside and that is what happened.

The BTC/GBP pair plunged below the strong support at £34,031.76 on January 4. This intensified the selling and pulled the pair to the strong support at £29,000. The long tail on the day’s candlestick shows that bulls are attempting to defend the level aggressively. Read more


We had warned that if Ether broke below £2,653.66, the selling momentum could pick up and the decline could reach £2,258.36 and that is how it played out.

The bulls are attempting to defend £2,200 which could start a rebound that is likely to face resistance at the 200-day SMA. The downsloping 50-day SMA and the RSI in the oversold territory indicate that the path of least resistance is to the downside.  Read more


XRP turned down from £0.64 on January 2 and plunged below the support at £0.56 on January 5. The long tail on the day’s candlestick indicates that bulls bought the dip and tried to start a recovery. Read more


Cardano continued its gradual decline and slipped below the support line of the descending channel on January 5. The bulls pushed the price back into the channel on January 6 but could not sustain the level.

This suggests that bears continue to sell on every minor rally. If bears sustain the price below the channel, the ADA/GBP pair could drop to £0.70.  Read more


Binance Coin broke and closed below the strong support at £377 on January 4, indicating that the bears had overpowered the bulls.

The selling momentum picked up and the BNB/GBP pair plunged below the 200-day SMA on January 8. A minor positive is that the bulls are attempting to defend the psychological level at £300.   Read more

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Fren Social Space and Social token

Through social networks and the internet, like-minded individuals are now able to communicate, no matter where they are located. The availability of digitally native money and finance has allowed a large number of individuals to coordinate around the capital as well as communicate with each other. These networks are unbound by geographical boundaries and can be formed on a massive scale or with a smaller group of select participants.  Read more


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Bitshiba: A token for the community built on DeFi!

Introducing Bitshiba

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Fren Tokens lead the way for community tokens

What are Fren Tokens

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UK Lawmakers Form Crypto and Digital Assets Group to Ensure Regulation Supports Innovation

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PayPal Exploring Launch of Its New Stablecoin in Push for Crypto Adoption: Report

PayPal is reportedly planning to launch its own stablecoin as part of its strategy to take advantage of crypto adoption. PayPal’s senior vice president and general manager of blockchain, crypto and digital currencies, Jose Fernandez da Ponte, confirmed to Bloomberg that the payment giant is considering having its own regulated stablecoin. “We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.”

Kim Kardashian, Floyd Mayweather, Paul Pierce Sued Over Ethereum Max Promotion

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Disney Moves Toward the Metaverse With Approved US Patent to Create a ‘Virtual-World Simulator’

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