Today news
About the same in other media
Bitcoin holds off on Santa rally as fund forecasts a new year 'short squeeze'
Reading now: 635
Bitcoin (BTC) stayed rangebound after hitting ten-day highs on Dec. 22 amid fresh warnings over market "complacency."
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it consolidated after coming within $400 of $50,000 overnight.
Bulls were up against a significant sell wall around the psychologically significant level, with analysts calling for $50,500 to hit and hold in order to flip positive on short timeframes.
"Today the seas will be parted making way for a shot at a higher low on BTC," popular trader Pentoshi tweeted in a characteristic social media post.
While the "Santa rally" has so far evaded both crypto and traditional markets, looking ahead, some were betting on a turnaround over the new year period.
For
Read more on cointelegraph.comAbout this in other media
Cryptocurrency Prices Today: Markets ring the new year in red as Bitcoin, Solana fall moneycontrol.com /2 years ago
Cryptocurrency Prices Today: Markets ring the new year in red as Bitcoin, Solana fall moneycontrol.com /2 years ago
Bitcoin price reverses gains on New Year’s Eve; hodlers continue stacking sats cointelegraph.com /2 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.
