Bitcoin price may rise to a new 52-week high if it can break above the ascending channel and this move […]
Category: Bitcoin price
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Traders are accumulating Bitcoin on dips and a break above $11,600 could resume the uptrend to $12,000.
The recent weakness in the dollar is giving Bitcoin some momentum to possibly test multi-year highs.
Bitcoin volatility has fallen to a 16-month low, signalling that a sharp move in BTC looms.
Bakkt recorded an all-time high Bitcoin delivery in October, demonstrating a clear spike in institutional demand for BTC.
Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend.
“You’ll see some amazing things happen with Bitcoin in 2021,” the analyst said.
Tether’s USDT stablecoin dominates crypto market volumes but data shows its $15.7B market cap does not negatively impact Bitcoin’s volume.
Expect Bitcoin in the number one spot and Tether second by market capitalization before 2022.
The futures contracts premium and the long-to-short ratio show that top traders feel bullish about Bitcoin price.