Bitcoin's Bullish Pattern
On Monday, Bitcoin rose 5.5%, ending the day around $44,100. Ethereum added 5%, and other leading altcoins from the top ten also showed growing dynamics: from 4% (Solana) to 18.5% (XRP). The total capitalization of the crypto market increased by 5.5% over the day to $2.10 trillion. The Bitcoin dominance index has not changed, remaining at 39.2%. The Bitcoin chart continues to paint a bullish picture. With the price at $45K on Tuesday morning, BTCUSD is trading above the 50-day moving average just above the mid-January pivot area and above the down channel resistance level.
At the same time, the RSI on the daily charts has not yet entered the overbought area, leaving room for further growth. The same can be said about the entire cryptocurrency market, where the fear and greed index has reached a neutral point of 48 and is still far from the greed area. The next target for the bulls looks to be $48K, the December support area in December. Further targets are $49-50K, where the 200-day moving average and significant round level are concentrated.
The XRP token soared amid reports of a significant approach to the resolution of Ripple's legal dispute with the US Securities and Exchange Commission (SEC). Cryptocurrencies briefly stopped responding to movements in US stock indices, which started the week with a decline.
The purchases probably included retail investors, who were driven by the desire not to miss the beginning of the market growth (FOMO). However, their buying potential is unlikely to be enough if stock indicators intensify their decline and large institutional investors come into play, wishing to resume profit-taking.
KPMG, one of the world's largest auditors, has added Bitcoin and Ethereum to its Canadian division's corporate reserves. This is the firm's first direct investment in cryptocurrencies.
Meanwhile, at the end of 2021, Tesla received a loss of $ 101 million from a decrease in the cost of previously purchased bitcoins, which it spent $ 1.5 billion on. Previously, Elon Musk called the decision to acquire BTC as a reserve asset quite risky.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 90.4% | 4 | $26 210.63 | 0.14% | -3.74% | $511 042 042 519 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 94.4% | 6 | $1 595.67 | 0.61% | -2.12% | $191 853 154 532 |  |
|
| 3 |  USDT |
Tether predictions | 92.8% | 1 | $0.999302 | -0.03% | -0.08% | $83 208 764 786 |  |
|
| 4 |  BNB |
Binance Coin predictions | 91.6% | 4 | $211.82 | 0% | -1.92% | $32 587 966 771 |  |
|
| 5 |  XRP |
XRP predictions | 91.6% | 8 | $0.502536 | -0.41% | -3.20% | $26 757 645 992 |  |
|
| 6 |  USDC |
USD Coin predictions | 93.6% | 1 | $1.000082 | 0% | 0.01% | $25 524 583 774 |  |
|
| 7 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 85.6% | 16 | $0.084835 | 1.21% | 0.19% | $8 625 708 807 |  |
|
| 9 |  ADA |
Cardano predictions | 90% | 10 | $0.243814 | -0.40% | -4.25% | $8 564 830 439 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 91.6% | 6 | $0.060492 | 0.30% | -3.04% | $8 540 349 300 |  |
|
| 11 |  SOL |
Solana predictions | 84.8% | 23 | $18.92 | -1.40% | -6.80% | $7 810 238 767 |  |
|
| 12 |  TRX |
TRON predictions | 85.6% | 20 | $0.085185 | 0.79% | 0.50% | $7 589 746 104 |  |
|
| 13 |  TON |
Toncoin predictions | 58.8% | 86 | $2.17 | 0.23% | -11.19% | $7 446 763 148 |  |
|
| 14 |  DAI |
Dai predictions | 91.2% | 1 | $0.999141 | -0.05% | -0.07% | $5 343 294 102 |  |
|
| 15 |  DOT |
Polkadot predictions | 85.2% | 16 | $4.00 | -0.11% | -2.82% | $4 915 661 831 |  |
