0
0
0
4K
0
Konto

Bitcoin bounces off $24,100 mark – correction to $20,500?

przez
24 grudnia 2020 12:21
Nie ma komentarzy
Total
0
Shares
0
0
0
0
0
  • The Bitcoin price bounced off the $24,100 mark and dropped to $22,600 in the meantime, but managed to stabilize at $23,280 at the time of writing.
  • Industry experts continue to show bullishness, but BTC needs to crack the strong resistance along the 24,300 USD mark to continue the uptrend.

Bitcoin bounced off the $24,100 mark a few hours ago and fell to $22,600 in the meantime. However, the Bitcoin price managed to recover and stands at $23,440 at the time of writing, registering a drop of 0.41% in the last 24 hours. Bitcoin dominance has risen to 69.2% and market capitalization to $435 billion.

Big Chonis Trading states that a so-called CME gap has appeared on the 4-hour chart at the level of $23,925, which could be closed after the holidays. This supposed gap occurs when the closing price of Bitcoin differs significantly from the opening price on the Chicago Mercantile Exchange. The CME is closed on weekends and holidays, so the difference between the closing and opening price is even larger after Christmas.

CME gaps have often been closed in the past, so Bitcoin could also revisit the $24,000 mark in a timely manner. Overall, however, more analysts are bullish. “Byzantine General” describes on Twitter that Bitcoin’s fundamentals remain strong and the current sideways movement is a normal development. In his opinion, the market needs to attract new buyers and then show the next big move:

Same shit as always: the market is still bullish, but the global leverage needs to build up first and then we can make another big move. The market basically needs to reload.

Josh Rager also continues to be bullish on Bitcoin, stating that every trader should have Bitcoin in their portfolio. Bitcoin needs to stay above the $22,600 support and crack resistance along the $24,300 level to continue the recent uptrend. He advises his followers to study stablecoins of the DeFi market more closely, as there are some promising projects emerging there that could have a decisive impact on the future of the crypto market.

Trump rejects economic stimulus package

Meanwhile, the President of the United States of America, Donald Trump, has not signed the hotly anticipated Corona stimulus package for the time being. In the past, the Bitcoin price had always reacted positively to this news, as it allows new fresh capital to flow into the market. So far, however, the rejection or delay of this step has not yet shown any significant impact on the crypto market.

However, there is a mood of uncertainty among XRP investors as the SEC yesterday launched a lawsuit against Ripple and its CEO Brad Garlinghouse. The SEC accuses Ripple Labs of using XRP to sell an unregistered security to investors worth $1.3 billion. While Garlinghouse has tried to calm the community, the outcome of this case could have far-reaching consequences for the XRP price.

Der Beitrag Bitcoin bounces off $24,100 mark – correction to $20,500? erschien zuerst auf Crypto News Flash.

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Dodaj komentarz

Podobne Wpisy