The cryptocurrency market on the first day of the year.

Greetings to all the readers of this great platform, in the present I want to share information regarding the cryptocurrency market, which is referred to its behavior in the market taking into consideration what is being done by the BTC, and how is its behavior on this first day of the year, remember that the year 2021 is over and a new year begins where you should closely follow the behavior of cryptocurrencies, mainly the BTC.

Recalling what was done by the BTC a few days ago, beginning the month of December the BTC made a strong setback, touching the support of 42k, this was due to the massive sales of some "whales" where an approximate of 6,000 tokens were sold, the price sought an area to stabilize managing to reach 49k and start what I personally consider as an accumulation zone, looking for investors and continue its path.

Being the BTC the ruling currency in the world of cryptocurrencies, with the setback it made left the market in the red, now the BTC has almost 1 month in that accumulation zone which is hovering between 46k and 51k, while it manages to get the necessary investors and achieve strength in the market to resume a bullish path.

As you can see in the image above, that is the behavior of BTC in the cryptocurrency market, this behavior is clearly marked the area where the price is accumulating, which I highlighted between 2 blue lines for better visualization, with this momentum of the price should go in search of the 51k, to touch the resistance in the coming days.

Personally, I consider that this moment of the market in general is an area where we must be patient, wait calmly that can generate the market, having a definite trend is easier to operate the trading and get our profits, despite this people who are a little riskier decide to operate these sideways movements where they can also generate a good profit margin.

The new year 2022 begins without any strange variation in the behavior of the BTC, that is why we must always be attentive, and follow the current behavior as well as the behavior of the beginning of the year 2021, comparing possible scenarios, thus having a little clearer perspective of what may happen in the coming weeks, for me it will be in that area until the end of the month or early February, thanks for reading my article.