Today news
About the same in other media
Analysts say Bitcoin’s behavior at $47.5K mirrors the pre-breakout 2017 market
Reading now: 943
Crypto markets tanked again after Bitcoin (BTC) price slipped to $47,500 on Dec. 9, but most analysts agree that the price is destined to remain in the $40,000 to $55,000 range until the holiday season has passed.
Data from Cointelegraph Markets Pro and TradingView shows that the early morning defense of the $50,000 support level was overwhelmed by sellers and according to independent market analyst Ben Lilly, bids at underlying support levels are not inspiring much confidence from bulls.
Low bid pressure, return to neutral funding. This is starting to feel reminiscent of the price action we saw earlier this year as price bled to sub $30k.
Here’s a look at what analysts and traders are saying about the recent price action and whether or not
Read more on cointelegraph.comAbout this in other media
Stocks making the biggest moves in the premarket: Nike, Micron Technology, Braze and more cnbc.com /3 years ago
LassoCoin Launches with the Premier League in its Sights cryptonews.com /3 years ago
How bitcoin’s ‘one percent’ control greater shoar of the crypto fnlondon.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
