Today news
About the same in other media
Victory is for the taking in Friday’s $950M Bitcoin options expiry
Reading now: 244
Bitcoin (BTC) price is down this week, and naturally, bears will always find some reversal signal whenever the price shows strength, such as the 8% gain on Nov. 28. Of course, technical analysis is not an exact science, so there is a margin for interpretation and most traders look at multiple timeframes to find a narrative that suits their bias.
Currently, BTC price is in a descending channel that started on Oct. 31, and if this pattern plays out, Bitcoin could drop to $50,000 in the short term.
Cryptocurrency markets crashed on Nov. 26 after concern over a new COVID-19 variant sparked a global market sell-off. As Bitcoin dipped below $54,000, bears saw a $215 million potential profit on Friday’s options expiry, but that changed after BTC
Read more on cointelegraph.comAbout this in other media
Expert calls El Salvador’s Bitcoin volcano bonds, ‘Michael Saylor playbook for a country’ ambcrypto.com /2 years ago
Bitcoin too volatile to be adopted as legal tender, says BoE chief cointelegraph.com /2 years ago
Bitcoin tumbles nearly 8% as new coronavirus variant shakes markets business-standard.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.
