Happy Birthday, Teenager!
3 min read

Happy Birthday, Teenager!

Cryptic ball: Chancellor on brink of.

Happy new year, dear readers! I hope you reflected on how extraordinary 2021 was and wished that 2022 could bring us similar excitement and upside. Because everyone's tired of the current range: after all, bitcoin has been trading between $45k and $49k for the most part of the past 30 days! And such sideways boredom has paralysed the rest of the market, some low-cap gems and jewels aside.

Fortunately, as explained last week, New Year's Eve options expiry turned out to be uneventful and bears failed to break the $45k support. That means the road is clear for fresh funds to be deployed this Q1. While I'm not anticipating any fast pump, I'm optimistic about the year ahead, as bitcoin's range implies heavy accumulation. Even if BTC itself doesn't go wild in 2022, it's very likely we see ETH going to the moon and flipping it at the top of this cycle.

However, as I extensively discussed over the past months, the market is changing due to the Fed's policy shift and we need to adapt. As Gainzy reminds us, traders have been de-risking and that's what creates the current chop. Worse, such chop is where traders who didn't de-risk typically lose money. While this mostly refers to big money, it's also applicable to those overtrading major alts stuck in similar ranges. So look out for easier opportunities where you have a hedge instead of seeing your stop losses get eaten up and down. And remember this game is all about long-term survival. Bitcoin was launched 13 years ago today and it took time to become the global network it is today. Are you able to be that patient?

Chart art: second bailout for banks.

Let's see if the Fed is really serious about this hike. In any case, 2022 will likely mark the top of this cycle, even if some sectors don't face such a bear market like in 2018/19.

Three things: 2022 will be blue.

Tweet tip: genesis rule.

Make sure you check this thread too.

Meme moment: genesis block.

Satoshi chose an interesting timestamp: "Chancellor on brink of second bailout for banks".

B21 Celebrates: the teenager birthday.

Get started: download the B21 Crypto app!

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Our newsletter offers opinions and insights from analysts in the cryptoasset space. It is not intended to be investment advice, and should not be treated as such. You must not rely on its information as an alternative to financial advice from a qualified professional. Without prejudice, we do not undertake or guarantee that its information is correct, complete or non-misleading; or that the use of guidance in the report will lead to any particular outcome or result.