BTC price

Bitcoin (BTC) bears will probably be too “stoneless” to keep prices down much longer, fresh BTC price analysis argues. In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin’s recent 39% correction. Sheep in bear’s clothing A combination of macro factors and smart action from big players left retail investors holding the bags in both Bitcoin and altcoins, Light explained. This was apparent before the comedown from $69,000 accelerated into December’s liquidation cascade — smart money knew that such levels were unsustainable, and reacted accordingly. “25% of derivatives OI was closed or liquidated. Billions upon billions lost. If people were cautious before, they were now properly risk averse,” the acc...

Bitcoin (BTC) may be flagging below $50,000, but its bull market is actually three years old this month. Data from Cointelegraph Markets Pro and TradingView confirms that Bitcoin bulls have at least something to celebrate as 2021 draws to a close. Three years, 2,125% upside Despite disappointing when it comes to end-of-year price expectations, BTC/USD remains an order of magnitude higher than where it was even 18 months ago. March 2020 marked a brief return to near cycle lows in what had otherwise been a solid bull market ever since December 2018. At that time, Bitcoin capitulated to lows of $3,100 — a level that was never seen, and likely never will be seen again. SAME DAY THREE YEARS AGO #Bitcoin  BOTTOMED OUT THE BEAR MARKET OF 2018 — CRYPTO₿IRB (@crypto_birb) December 15, 202...

Bitcoin (BTC) traders may be experiencing some “extreme panic,” but one analyst argues that practically all the technical metrics point to price upside. Speaking to Cointelegraph on Dec. 16, filbfilb, co-founder of trading platform Decentrader, listed more than 20 signs that bullish momentum should be next for Bitcoin. “Enough there” for Bitcoin upside breakout BTC/USD gained with equities late Wednesday thanks to comments on policy from the United States Federal Reserve. Reaching $49,300, the pair then began to consolidate below the $49,000 mark, a point at which it remains at the time of writing. Crypto Fear & Greed Index. Source: Alternative.me Sentiment, however, has yet to show any faith in the short-term future of BTC price action, with the Crypto Fear &am...

Bitcoin (BTC) whales are the center of attention this week as buying and selling habits split the BTC price narrative. New findings from on-chain analytics firm CryptoQuant show derivatives investors leading the way when it comes to bullish bets on Bitcoin. “Sick” BTC price indicator favors bulls The second half of November produced a marked uptick in the buy/sell ratio on major derivatives trading platform Deribit, and for contributing analyst Cole Garner, this is a sure sign that price action will react positively in the near term. “I recently discovered the ratio of market buys & sells of perpetuals on Deribit Exchange is a sick leading indicator,” he commented. “This is a 30 day WMA. Strong bullish trends in the metric have preceded every strong bullish price trend of this bull. An...

Bitcoin (BTC) declined into the Wall Street open on Dec. 13 as stocks came off Friday’s record close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD diving below $48,000 to reach multi-day lows at the time of writing. Equities had been tipped to add to all-time highs prior to the start of trading, this getting off to a cold start on the day with gains slipping. Correspondingly, Bitcoin added to losses which totaled over $3,000 in 24 hours. Traders thus continued to eye sideways or consolidatory movements for the near term, steering clear of any outright bullish calls. “Something like this would drive people nuts,” Scott Melker, known as the Wolf of all Streets, commented on a fresh chart ...