{"id":393461,"date":"2022-01-13T13:31:33","date_gmt":"2022-01-13T10:31:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/topped-or-bottomed-traders-at-odds-over-whether-bitcoin-will-keep-rising\/"},"modified":"2022-01-13T13:31:33","modified_gmt":"2022-01-13T10:31:33","slug":"topped-or-bottomed-traders-at-odds-over-whether-bitcoin-will-keep-rising","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/topped-or-bottomed-traders-at-odds-over-whether-bitcoin-will-keep-rising\/","title":{"rendered":"# Topped or bottomed? Traders at odds over whether Bitcoin will keep rising"},"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-6a39b7ad6c478\" 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-6a39b7ad6c478\" 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\/topped-or-bottomed-traders-at-odds-over-whether-bitcoin-will-keep-rising\/#How_long_can_the_relief_last\" >How long can the relief last?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Topped or bottomed? Traders at odds over whether Bitcoin will keep rising <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is \u201cin.\u201d\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/99cb9de7-7585-455e-96d7-b33aed01062f.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0showed the $44,000 mark acting as local resistance Thursday, following forecasts that $46,000 could soon return.<\/p>\n<p>Bitcoin stayed broadly higher overnight following the previous day\u2019s United States inflation data, but for some, now was not the time to become overly confident.<\/p>\n<p>\u201cBTC starting to feel a little toppy (local), although asks are diffused through some key resistance levels,\u201d <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account Material Indicators\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1481353046835748865\">commented<\/a>\u00a0as part of a recent update. <\/p>\n<blockquote><p>\u201cSome bitcoin bulls may show up to clear a few levels, but the whole herd is going to have to show up to clear them all.\u201d\u00a0<\/p><\/blockquote>\n<p>Suggesting a good opportunity to \u201cde-risk,\u201d Material Indicators highlighted order book flux, which, on Wednesday, had formed the focus of a graver warning about a possible incoming crash.<\/p>\n<p>By contrast, others believed that a price \u201csqueeze\u201d may ultimately be to the\u00a0upside and punish latecomer short traders.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Observing perp funding going increasingly negative as price grinds higher, it <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears that the real liquidation wave may be on the upside <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ml8h5t0Skg\">https:\/\/t.co\/ml8h5t0Skg<\/a><\/p>\n<p>\u2014 Zhu Su  (@zhusu) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/zhusu\/status\/1481407006598705169?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Popular trader Crypto Ed, meanwhile, began to show optimism over significantly lower levels being gone for good.<\/p>\n<p>Having uploaded a predictive chart snapshot, he argued that should BTC\/USD grind higher on the day, the stage would be set for a higher low construction as part of a more solid recovery.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Good Morning all! <br \/>Tnx for giving me some time to have a twitter break, but I&#8217;m back to tell you that my feeling about &#8220;bottom is in&#8221; is getting stronger when seeing the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> chart. <\/p>\n<p>Want to see more confirmation, but if we do get that 5th leg today, I&#8217;m getting excited! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/yW07BSdrYC\">pic.twitter.com\/yW07BSdrYC<\/a><\/p>\n<p>\u2014 Crypto_Ed_NL (@Crypto_Ed_NL) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1481541428987711488?ref_src=twsrc%5Etfw\">January 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_long_can_the_relief_last\"><\/span>How long can the relief last?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A brief look at <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/funding\/BTC\">funding rates<\/a> across exchanges revealed only a slight change overnight, with neutral to negative values dominating.\u00a0<\/p>\n<p><strong><em>Related:\u00a0Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December\u2019s \u2018nuke\u2019<\/em><\/strong><\/p>\n<p>Such behavior runs in contrast to recent weeks, in which a declining spot price was met by positive funding.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/3ba35cc3-a4d7-48cc-9c23-da534e1dea77.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin funding rates chart. Source: Coinglass<\/em><\/figcaption><\/figure>\n<p>At the time of writing, BTC\/USD continued to attempt a breakout of the $44,000 zone, buyers preventing each drawdown.<\/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\/topped-or-bottomed-traders-at-odds-over-whether-bitcoin-will-keep-rising\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Topped or bottomed? Traders at odds over whether Bitcoin will keep rising &#8221; Bitcoin (BTC) touched $44,000 a second time on Jan. 12 amid increasing divergence of opinion about whether the price bottom is \u201cin.\u201d\u00a0 BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView\u00a0showed the $44,000 mark acting as&#8230;<\/p>\n","protected":false},"author":1,"featured_media":393462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvNjgyZTYzODEtMDhhNC00ZjY4LWIxYWQtYmU2ZWU0ZDMwMjFlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-393461","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\/393461","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=393461"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/393461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/393462"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=393461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=393461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=393461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}