Bitcoin (BTC) rose more than 5% on December 21 as a sharp change in the value of the Turkish pound boosted investor confidence.

BTC / USD 1 hour candlestick (Bitstamp). Source: Trade Type
Congratulations on your emotional excitement
According to Cointelegraph Markets Pro and TradingView, the BTC / USD jumped overnight as the pound rose 40% against the US dollar.

The move comes after Turkish President Recep Tayyip Erdogan announced a number of measures to protect consumers and attract pound investors. USD / TRY has already reached a high of about 19, half of which has been in the last two months.

In a paradigm shift, Erdogan himself opposed the cryptocurrency in September and said he was “fighting” the Turkish industry.

The changes fed Bitcoin and Altcoin 5% on major cryptocurrency charts on Tuesday.

Cointelegraph partner Michael van de Pope is one of the analysts interested in the relationship.

“It simply came to our notice then.

“The feeling changes after we’re here.”
Looking at the widespread sentiment of cryptocurrency and the index of pores, the mood has risen to an average of 27/1 of the two points, or the mood has risen from “extreme fear” to “fear”.

Crypto Fear and Greed Index. Source: Alternative.me
Analysts point out that unrealistic gains are evaporating
At the same time, information that includes Hodder’s behavior indicates a recurring turning point in bitcoin earnings.

Related: Don’t expect retailers to lower bitcoin prices – Analyst

The release of the Wallmap source indicates that the loss-making BTC will soon surpass BTC with unrealized gains. Historically, such cracks have turned the other way around.

The Welmap team told Telegram subscribers, “It’s not there yet, but the future looks great.” “

Source: CoinTelegraph

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