Today news
About the same in other media
Bitcoin dips below $47K but one trader is eyeing 'solid risk/reward' for longing BTC now
Reading now: 754
Bitcoin (BTC) added to its losses on Dec. 29 with a fresh tumble briefly taking BTC/USD below $46,600.
Data from Cointelegraph Markets Pro and TradingView showed the pair giving up ground prior to the Wall St. open to increase its 48-hour correction to 10.4%.
The latest move in a familiar pattern of behavior, the market showed that the range in which Bitcoin has acted in December remains very much in play.
As market participants resigned themselves to a lackluster end to the year, popular trader and analyst Scott Melker noticed a possible buying opportunity at current levels on short timeframes.
Bitcoin's relative strength index (RSI), in addition to other bullish signals, had entered "oversold" territory during the dip in what is a classic
Read more on cointelegraph.comAbout this in other media
Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022 cointelegraph.com /2 years ago
Bitcoin dips below $40,000 as crypto slump deepens in the wake of risk-off shift spurred by hawkish Fed markets.businessinsider.com /2 years ago
Bitcoin slides below $40,000 to a 5-month low livemint.com /2 years ago
Show more
The website gocryptonft.com 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.
