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ARBITRUM PRICE ANALYSIS & PREDICTION (January 6) – ARB Regains Lost Ground But Yet To Recovery Fully, Up 20% Weekly

As volume troops back in the market, ARB advanced bullish and posted gains to test the $0.9 level today. This level has halted buying activity in the past hour but it is expected to continue if the volume level increases. Last December’s drop took many by surprise as several altcoins including ARB broke down to a month low during the market-wide correction. Technically, that correction was healthy for the market to enable robust growth in the future, although it caused a serious panic in the market but the sellers short-lived their expectations as the price bounced back. While the sellers aim to resume pressure during the brief consolidation phase, the bulls took advantage of the bounce this week and pushed higher amid current rising demand. Fortunately, the wide but short correction halted and the price increased consistently. Looking at the latest setup, the bulls are back in action, although they are yet to recover all the lost grounds. A clear break above the previous monthly high should set the stage for a massive bullish move. Conversely, a rejection there could subject the price to a consolidation before breaking up. Now that ARB is starting the new year in a grand style, we can expect an explosive move when a break-up occurs. ARB’s Key Level To Watch Source: Tradingview Aside from the close $0.96 resistance, the key target level for the bulls right now is $1.1. If they overcome it, the $1.24 level would be the next resistance to watch with a potential breakout to $2 in the near term. A drop from the current trading level could trigger a small pullback to $0.74. Meanwhile, the latest move is supported by $0.7. Lower levels to watch for a breakdown are $0.613 and $0.57. Key Resistance Levels: $0.96, $1.1, $1.24 Key Support Levels: $0.705, $0.613, $0.57 Spot Price: $0.89 Trend: Bullish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! U.Today

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Previous Bullish CEO Gives Good News for a New Rally for Bitcoin (BTC)! "The US Will Start It!"

As Donald Trump, who won the November elections and was re-elected as president, is expected to take office on January 20, one of Trump`s biggest promises, whether he will create a national Bitcoin (BTC) reserve, is being followed with great curiosity. While many experts are positive that the US will create a national BTC reserve, Nigel Green, CEO of the giant US company deVere Group, claimed that the US will establish a strategic Bitcoin Reserve together with Trump and purchase 300 to 400 thousand BTC. Nigel Green, who successfully predicted that Bitcoin would surpass $100,000, argued that the US would position Bitcoin as the cornerstone of its financial system with its reserve move. The famous CEO stated that this move by the US will trigger a bull run and take the Bitcoin price to unprecedented levels. “The US will make Bitcoin the cornerstone of its financial strategy, and this important decision will raise the value of Bitcoin to unprecedented levels. At this point, I expect the US to buy 300,000 to 400,000 Bitcoin. The creation of such a reserve would likely trigger a Bitcoin bull run of epic proportions. The BTC price would then rise exponentially, reshaping the financial markets. The dominance of Republicans and the role of Trump provide the perfect conditions for such a massive Bitcoin policy.” The deVere CEO’s Bitcoin prediction comes after US Senator Cynthia Lummis introduced the Bitcoin Act of 2024, which proposes to purchase one million Bitcoins over five years with Fed transfers. *This is not investment advice. Continue Reading: Previous Bullish CEO Gives Good News for a New Rally for Bitcoin (BTC)! "The US Will Start It!" U.Today