December 29 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


Bitcoin is down 1.01% over the last 24 hours and fell to an intraday low of $16,458.52. The largest cryptocurrency has been trading between $16,500 and its 20-day exponential moving average (EMA) of $16,852 for the past few days, suggesting traders are not clear about the next directional move. The 20-day EMA is sloping down gradually and the relative strength index (RSI) is near 43, indicating a slight advantage to bears. The BTC/USDT is likely to stay in the $16,000-$17,000 price zone for the next few days.

Today’s Cryptocurrency Headline

MicroStrategy to Launch Bitcoin Lightning Network Apps and Solutions in 2023

MicroStrategy executive chairman Michael Saylor said on Twitter Spaces that the company will launch software applications and solutions powered by the Bitcoin Lightning Network in 2023. Saylor mentioned that as part of his transition from CEO to executive chairman, the company’s Bitcoin division has been able to focus more deeply on how Bitcoin can not only be bought and held, but also contribute to the ecosystem. As MicroStrategy seeks to expand beyond conventional software applications into Bitcoin, it can leverage its existing knowledge to provide enterprises with tools for the Bitcoin and Lightning ecosystems.

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