Today news
About the same in other media
Don't expect retail sell-off to crash Bitcoin price — analyst
Reading now: 388
Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry's best-known analysts suggests.
In a Twitter discussion on Dec. 20, Willy Woo, creator of on-chain data resource Woobull, said that popular retail exchanges will not spark a further BTC price rout.
Woo was debating the odds of fresh downside with veteran trader Peter Brandt, a commentator revered for calling Bitcoin price bottoms in recent years.
Brandt argued that volume spikes which accompany price crashes have been absent in December versus previous episodes. As such, the "real" capitulation phase is yet to occur.
Responding, Woo argued that speculative derivatives traders had featured in the cascade to $41,800 earlier this month,
Read more on cointelegraph.comAbout this in other media
Bitcoin price fell short of analysts’ $100K target, but what about 2022? cointelegraph.com /2 years ago
Bitcoin price reverses gains on New Year’s Eve; hodlers continue stacking sats cointelegraph.com /2 years ago
Institutional tax-loss harvesting weighs on the Bitcoin price as 2021 comes to a close cointelegraph.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.
