Bitcoin and several altcoins are getting sold into rallies, increasing the risk of a downside breakdown.
Bitcoin is finding it difficult to rise above the overhead moving averages, indicating that the bears are trying to flip the level into resistance.
RWAs to match stablecoin market cap by end-2028 says Standard Chartered
Bitcoin’s rise above $66,500 could open the doors for a rally to new highs and altcoins look set to follow.
Cryptocurrency Prices Eye SEC Bitcoin ETF Decision
December 29, 2022
Bitcoin and select altcoins are trading above their respective support levels as traders await the SEC’s decision on each spot Bitcoin ETF application.
Bitcoin’s fall below $60,000 signals near-term weakness, but longer-term investors continue withdrawing coins from exchanges, signaling a bullish outlook.
Bitcoin’s dull range-bound action is likely to continue for a few more days as the bulls and the bears battle for control of BTC price.
Bitcoin Price Soars Above $93K Amid ETF Inflows
December 28, 2022
Bitcoin is showing no signs of stopping its advance toward $100,000, and several altcoins look poised to follow.
Bitcoin hit a new all-time high at $77,000, boosting buying in several altcoins, which have also broken above their respective resistance levels.
