{"id":385709,"date":"2021-12-25T13:19:04","date_gmt":"2021-12-25T10:19:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-battles-bears-on-offense-as-christmas-delivers-a-50k-btc-gift\/"},"modified":"2021-12-25T13:19:04","modified_gmt":"2021-12-25T10:19:04","slug":"bitcoin-battles-bears-on-offense-as-christmas-delivers-a-50k-btc-gift","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-battles-bears-on-offense-as-christmas-delivers-a-50k-btc-gift\/","title":{"rendered":"# Bitcoin battles bears &#8216;on offense&#8217; as Christmas delivers a $50K BTC gift"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4cf6522fe70\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4cf6522fe70\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-battles-bears-on-offense-as-christmas-delivers-a-50k-btc-gift\/#%E2%80%9CBears_become_bulls%E2%80%9D_short_term\" >&#8220;Bears become bulls&#8221; short term?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-battles-bears-on-offense-as-christmas-delivers-a-50k-btc-gift\/#100000_halving_cycle_average_not_dead_yet\" >$100,000 halving cycle average not dead yet<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin battles bears &#8216;on offense&#8217; as Christmas delivers a $50K BTC gift <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) held $50,000 into Dec. 25 as BTC bulls avoided an unwelcome Christmas Day surprise.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/a7ecabef-89f0-4c35-91dc-6d24575a953e.png\"><figcaption style=\"text-align: center;\"><em> <\/em><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CBears_become_bulls%E2%80%9D_short_term\"><\/span>&#8220;Bears become bulls&#8221; short term?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\">TradingView<\/a>\u00a0showed BTC\/USD maintaining $50,000 support into the weekend, having ranged after local highs above $51,500.<\/p>\n<p>The pair was calm as the holiday season got underway, with thinner liquidity yet to show itself in the form of volatile price moves.<\/p>\n<p>With most taking a break from trading and analysis, the nearest target to the upside remained the $1 trillion market cap valuation level at $53,000.<\/p>\n<p>For popular trader Pentoshi, a point of friction could come in the form of sellers actively driving down BTC\/USD to liquidity at $46,000, only to then buy back in for a rebound.<\/p>\n<p>&#8220;Right now beras on offense. They take price down to 46k but there was a lot of resting liquidity there = stop price from moving. They begin to close shorts and buy some spot back,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1474162617606361093\">offered<\/a> as a forecast. <\/p>\n<blockquote><p>&#8220;Bears become bulls short term like myself.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/f4107382-2d44-4d09-a516-0ee3e1aef18d.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD scenario chart. Source: Pentoshi\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>Further out, the yearly close was yet to form a major topic of interest, with Bitcoin nonetheless up $21,000 versus the start of 2021.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"100000_halving_cycle_average_not_dead_yet\"><\/span>$100,000 halving cycle average not dead yet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Taking stock at the end of the year, meanwhile, was stock-to-flow model creator PlanB.\u00a0<\/p>\n<p><strong><em>Related:\u00a0Missed out on hot crypto stocks in 2021? It paid just to buy Bitcoin and Ethereum, data shows<\/em><\/strong><\/p>\n<p>Having attracted fresh criticism over Twitter comments he says were misconstrued, the popular analyst said that Bitcoin was still abiding by his model&#8217;s predictions this month.<\/p>\n<p>As Cointelegraph reported, stock-to-flow&#8217;s parameters provide significant room for maneuver when it comes to spot price, this nonetheless of value to PlanB and others.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Ad2 &#8211; S2F model intact<br \/>Key is that BTC $51K is still within 1 standard deviation band of S2F model (roughly $50K-$200K, see chart). If BTC stays within 1sd band for the next 2.5 yrs, then S2F model is still valid and indeed useful for me. Of course you should make your own call. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/cFpRdewUJ5\">pic.twitter.com\/cFpRdewUJ5<\/a><\/p>\n<p>\u2014 PlanB (@100trillionUSD) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1474396754212794373?ref_src=twsrc%5Etfw\">December 24, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While $135,000 this month, a forecast from the newly invalidated floor model, turned out to be overly optimistic, that figure as an average price this halving cycle remains in play.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-battles-bears-on-offense-as-christmas-delivers-a-50k-btc-gift\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin battles bears &#8216;on offense&#8217; as Christmas delivers a $50K BTC gift &#8221; Bitcoin (BTC) held $50,000 into Dec. 25 as BTC bulls avoided an unwelcome Christmas Day surprise. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView &#8220;Bears become bulls&#8221; short term? Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD maintaining $50,000 support into the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":385710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvMGFhMGMyNDgtNmVhZC00NzllLTkxNDUtZmIzN2QyYjQyZWVkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-385709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/385709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=385709"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/385709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/385710"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=385709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=385709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=385709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}