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“# Bitcoin price aims for $52K as stocks rebound fuels bullish return ” Bitcoin (BTC) attempted to crack $51,600 resistance throughout Dec. 7 as BTC/USD gained in line with an equities rebound. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: “The trend is still up” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency…
“# Third-biggest Bitcoin whale’s holdings total $6B after ‘whopping’ 2.7K BTC buy-in ” Bitcoin (BTC) returning to $50,000 overnight inspired one of the largest wallets to buy the equivalent of $137 million more. Blockchain data from on-chain monitoring resource BitInfoCharts highlights how one entity “bought the dip” like no other. Someone “buys the dip” to the…
“# This Bitcoin price metric just hit ‘oversold’ for only the 7th time in 8 years ” A Bitcoin (BTC) price metric, which made BTC “look seriously cheap” at $56,000, is now in rare oversold territory. In a tweet on Dec. 6, Philip Swift, creator of analytics platform LookIntoBitcoin, returned to potentially bullish signals coming…
“# Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market ” Looking at the winners and losers of the past week clearly shows that traders endured some serious heat as the total crypto market capitalization dropped by 12.7% when Bitcoin fell to $41,000. This sharp downside move knocked the figure from…
“# Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market ” Looking at the winners and losers of the past week clearly shows that traders endured some serious heat as the total crypto market capitalization dropped by 12.7% when Bitcoin fell to $41,000. This sharp downside move knocked the figure from…
“# Price analysis 12/6: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, LUNA, AVAX ” Bitcoin (BTC) is attempting to extend its recovery by rising above the psychological mark at $50,000, but several popular analysts believe that BTC could remain range-bound for a few weeks or even months. On-chain analytics firm CryptoQuant said that Bitcoin…
“# Here’s why analysts expect ‘choppy’ Bitcoin price action between $42K and $53K ” The wider cryptocurrency ecosystem is in a heightened state of fear on Dec. 6 after the Dec. 3 market sell-off continues to send ripples across the the sector and Bitcoin (BTC) price remains pinned below $50,000. Data from Cointelegraph Markets Pro…
“# Bitcoin could ‘drive people nuts’ for months with $53K BTC price ceiling — analyst ” Bitcoin (BTC) may spend “months” ranging between recent $42,000 lows and $53,000 and cause panic in the process, popular analysis warned on Dec. 6. Discussing the BTC price outlook on Twitter, Scott Melker, known as the Wolf of All…
“# Ethereum bulls retain hopes of $10K despite ETH price chart bear flag ” Ethereum’s native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000. ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so,…
“# Bitcoin whales move fresh coins to exchanges in repeat of behavior before $42K BTC price dip ” Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on…