Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &

Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &
Key item features Ultimate Security: Generates a private key that remains on the card, safeguarding crypto and NFTs from hackers with EAL6+ certification and audited firmware. Versatile Compatibility: Manages over 13,000 tokens across 70+ blockchains, supporting DeFi, NFTs, and DeEx without wires, Bluetooth, or USB. Effortless Operation: Utilizes NFC for secure transactions via a mobile device and the Tangem app, enabling buying and selling crypto with various payment methods. Smart Backup: Features a second Tangem Wallet as a backup, eliminating the need for paper, pictures, or seed phrases for recovery. Durable Design: Boasts IP68 protection against environmental conditions, ensuring longevity and robust physical security. Comprehensive Support: Compatible with Bitcoin, Ethereum, Solana, XRP, USDT, and over 6,000 cryptocurrencies, integrating with dApps and WalletConnect.

LBANK

LBANK

Why Bitcoin Bulls Have 48 Hours To Defend This Key Level

By the time you’re reading this, Bitcoin will have closed its daily candle, leaving only 48 hours or less to defend a key level.

With a monthly, quarterly, and even higher timeframe close coming up in less than two days, the pressure is on for crypto bulls to fully reclaim the area.

The One Line In The Sand Bitcoin Bulls Must Defend

Every now and again, a psychological level forms that is of emotional importance to the market. A great example of this is Bitcoin at $10,000, $20,000 and now, $30,000. However, none of those are the line in the sand we are referring to.

Instead, a key technical level absolutely must be defended at all costs, or the crypto market could see another leg down. The level in question doesn’t involve complex technical signals, moving averages, or otherwise. It involves drawing one horizontal line from 2020 to now.

This level is of particular importance, because it is the 2020 yearly close, and the 2021 yearly open. Yearly opens and closes act as high timeframe support and resistance. Passing through it and reclaiming it as support is crucial to continuation.

Bitcoin

Highlighting The Importance Of The BTCUSD Yearly Open & Close

As we’ve discussed in past content, the highest timeframe signals tend to be the most dominant. This means that a support or resistance level on the yearly chart holds significantly more weight than the daily.

Roughly $28,888 is the price Bitcoin opened at in 2021. This area was first tested as support in the summer of 2021. It held the first time, but it didn’t hold the second time when it was tested again in 2022.

More than a year since the area of support was lost has passed, and BTCUSD is above the zone now acting as resistance. Bulls are hoping to flip the 2020 close and 2021 open back to support. If successful, the cryptocurrency market could make a run back toward former all-time highs.

Tony is the author of the CoinChartist (VIP) newsletter. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com



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