Bitcoin eyes $20K as the crypto market is firing on all cylinders Bitcoin BTC Bitcoinprice
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
Data provided by TradingView shows that Bitcoin saw its fifth consecutive day of gains as bulls looked to push toward $20,000 after the close of the traditional markets, hitting a daily high of $19,920 at the time of writing. The increasingly bullish nature of the Bitcoin price action has led many cryptocurrency traders to declare an end to the crypto winter.
Brandt didn’t go so far as to declare that the bottom is definitely in, but said “Bitcoin has been very predictable with multiple X advances followed by 80% declines and multi-quarter consolidations prior to new ATHs and then another multiple X advance.”“I do not expect Bitcoin to run away to the upside, but rather work higher toward late 2023/early to mid 2024 when the ATHs are retested,” Brandt concluded.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin: U.S. Inflation, debt crisis, and more might threaten BTC’s 2023Bitcoin is in the accumulation zone according to the BTC pricing model. Demand for BTC experiences a recovery as hopes for a recovery bloom. Bitcoin [BTC] investors are going through renewed hope for a long-term recovery. As such, it is important to juxtapose those expectations with an economic outlook. Perhaps this might help gauge whether […]
Read more »
Bitcoin: Why betting against a BTC price rally might not be the way aheadBTC logged its largest profit-take ratio day for the first time since 28 March 2022. Its price has grown by 5% since the beginning of the year An assessment of the aggregate amount of coins across all Bitcoin [BTC] transactions on the network that moved in profit or loss revealed that the king coin had […]
Read more »
Bitcoin extends its longest winning streak since pandemic days - BNN BloombergA prolonged rally in Bitcoin is giving crypto enthusiasts a smidgen of something to be happy about during a dark period for the industry.
Read more »
Bitcoin Jan. 12 daily chart alert - Bulls gain power to suggest more upside
Read more »
How is Hong Kong’s new crypto policy beneficial to Bitcoin investors?Hong Kong’s securities regulator will limit the retail investors’ exposure to crypto assets with high liquidity. Samsung’s investment arm will list Bitcoin futures ETF on the local stock exchange. Hong Kong has moved to embrace the crypto industry despite a ruthless winter that has discouraged neighboring countries like Singapore from investing in this volatile industry. […]
Read more »
Samsung Asset Management to launch a Bitcoin futures ETF in Hong KongSamsung Asset Management Hong Kong (SAMHK) has been approved to list the “Samsung Bitcoin Futures Active ETF” on the Hong Kong stock market beginning Jan. 13.
Read more »