BTC price

‘Inherently bearish’ below $41.5K — 5 things to know in Bitcoin this week

BTC price action keeps traders nervous going into the holiday period as Bitcoin faces the pressure of the yearly close.

Bitcoin (BTC) starts a new week in risky territory as sell-offs from whales mark a change in mood.

The latest weekly close has done little to comfort nervous traders as a pause in “up only” BTC price activity continues.

With just two weeks to go until the yearly candle concludes, the countdown is on — together with the pressure — across risk assets.

Bitcoin's 8-week win streak is in danger, but ATOM, FIL, EGLD, and ALGO don't care

Bitcoin is set to break its eight-week winning streak, but that has not affected the prospects of ATOM, FIL, EGLD, and ALGO, which look strong on the charts.

Bitcoin’s (BTC) eight-week winning streak is likely to end as the price is down nearly 4% this week. The recent weakness indicates profit-booking by traders but it does not change the short-term uptrend. The pullback will also help reduce the froth that may have been building.

After the initial shakeout, strong hands are likely to re-enter the crypto market as the macro environment remains bullish for risk-assets. The decision by the Federal Reserve to pause rate hikes and possibly reduce rates in 2024 could further boost demand for crypto products.

However, nothing goes up in a straight line. After sharp rallies, traders generally book profits and shift their focus to other coins. As Bitcoin takes a breather, traders’ are likely to turn their attention to select altcoins.

Bitcoin whales aim to reclaim $42K after BTC price dives over 3%

Bitcoin bulls face a battle for support on multiple timeframes as BTC price action stays volatile.

Bitcoin (BTC) tapped lows beneath $41,700 after the Dec. 15 Wall Street open as BTC price action fielded fresh sell-side pressure.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD diving over $1,300, or 3.2%, on the day.

The largest cryptocurrency, fresh from a recovery from snap volatility the day prior, failed to hold its ground at $43,000 as Bitcoin bulls were denied upside continuation.

US dollar hits 4-month low as Bitcoin trader predicts 10% drop to come

Bitcoin stands to enjoy further relief if its standard relationship to DXY weakness holds firm as the dollar shrinks on Fed “pivot” bets.

Bitcoin (BTC) may enjoy a familiar tailwind in the coming weeks and even beyond if new macro forces continue to play out.

In a post on X (formerly Twitter) on Dec. 14, popular trader Crypto Ed, founder of trading group CryptoTA, eyed multimonth lows in United States dollar strength.

Bitcoin and dollar strength have in the past exhibited inverse correlation. While this has decreased recently , changes to U.S. macro policy are now broadly seen to boost Bitcoin but pressure the greenback going forward.

Bitcoin bulls eye BTC price comeback as cash inflows echo late 2020

Bitcoin traders’ cold feet subsides as BTC price strength takes the market back to $43,000.

Bitcoin (BTC) is displaying fresh bull run signals as BTC price strength produces 7% daily gains.

Data from Cointelegraph Markets Pro and TradingView hints that upside momentum may continue as on-chain metrics reset.

Bitcoin “needed to cool off” after hitting $44,000 this month, analysis believes, and after a trip to near $40,000, conditions are improving.

BTC price clears $41K as Bitcoin digests US macro data on Fed FOMC day

Bitcoin traders eye BTC price levels of interest as the U.S. PPI preserves the declining inflation narrative ahead of the Fed’s rates decision.

Bitcoin (BTC) recovered above $41,000 at the Dec. 13 Wall Street open as eyes focused on the United States Federal Reserve.

Data from Cointelegraph Markets Pro and TradingView showed BTC price strength gaining momentum on the latest U.S. macro data releases.

November’s Producer Price Index (PPI) print came in below expectations, further bolstering the extant narrative of declining inflation. The Consumer Price Index (CPI) print, while less encouraging, did not induce fresh pain for risk assets.

Bitcoin ‘sodlers’ dump $4B in two days as BTC sales hit 18-month high

BTC price weakness clearly makes speculators nervous as single-day selling pressure hits its highest since after the Terra collapse.

Bitcoin (BTC) speculators panic sold as the BTC price corrected toward $40,000, the latest on-chain data suggests.

Figures from on-chain analytics firm Glassnode show short-term holders (STHs) offloading more than $2 billion in BTC on Dec. 12 alone.

Bitcoin saw its biggest single-day drop of 2023 this week — one which at one point totaled 8.1%, data from Cointelegraph Markets Pro and TradingView confirms.

‘Take some rest and GO’ — Bitcoin price copies 2020 bull run fractal

Bitcoin is nowhere near done with its bull market, should a chart fractal from several years ago continue to play out.

Bitcoin (BTC) should not worry traders after the biggest one-day drop of 2023 if one chart fractal plays out.

In a post on X (Twitter) on Dec. 12, popular trader Alan Tardigrade revealed uncanny similarities between Bitcoin now and four years ago.

Bitcoin may be struggling to clear key long-term resistance, but one comparison suggests that it is “business as usual” for BTC price action.

Buy the dip, sell the rip? BTC price levels to watch as Bitcoin taps $42K

Bitcoin preserves $40,000 as support and bounces higher as traders eye the impact of “institutional sized” moves on BTC price.

Bitcoin (BTC) faces an uphill struggle to reignite its uptrend after its biggest one-day losses of 2023.

The largest cryptocurrency continues to claw back lost ground after falling to lows of $40,200 after the Dec. 10 weekly close, the latest data from Cointelegraph Markets Pro and TradingView shows.

With BTC price action taking a break from relentless gains — one which many argue was overdue — new key support and resistance levels are coming into play.

Why is the crypto market down today?

The crypto market is down today as the impact of large liquidations temporarily shakes the bulls’ confidence.

The crypto market is down today after a sharp correction hit Bitcoin (BTC), Ether (ETH) and altcoin over the weekend.. Bitcoin price dropped by 6.5%, losing nearly a week of gains in 20 minutes on Dec. 10.

Opening the week, crypto market price action remains tilted to the downside as investors and money managers further digest the factors behind the abrupt correction.

The decline across major cryptocurrencies has led to a rush of liquidations across the derivative market. Bullish traders were caught off guard, leading to a quick spat of long liquidations.