BTC price bounces 5% as investor says Bitcoin ETF ‘99.9% done deal’

December 19, 2023 Coin Telegraph

Bitcoin

New updates to BlackRock's Bitcoin spot ETF filing come as BTC price strength narrowly retains $40,000 as support.

Bitcoin (BTC) returned above $43,000 into Dec. 19 amid fresh news over the United States’ would-be first spot price exchange-traded fund (ETF).

Data from Cointelegraph Markets Pro and TradingView showed a BTC price recovery taking the market to local highs of $43,456 after the daily close.

After starting the week on an uncertain footing, BTC/USD swiftly gathered strength, with the Dec. 18 candle closing over 5% above the day’s low.

Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst

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

December 18, 2023 Coin Telegraph

Bitcoin

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.

Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst

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

December 17, 2023 Coin Telegraph

Algorand

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.

Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst

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

December 15, 2023 Coin Telegraph

Bitcoin

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.

Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst

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

December 15, 2023 Coin Telegraph

Bitcoin

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 multi-month lows in U.S. dollar strength.

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

Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst

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

December 14, 2023 Coin Telegraph

Bitcoin

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.

Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst

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

December 13, 2023 Coin Telegraph

Bitcoin

Bitcoin traders eye BTC price levels of interest as U.S. PPI preserves declining inflation narrative ahead of Fed 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.

Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst

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

December 13, 2023 Coin Telegraph

Bitcoin

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

Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst

BlackRock revises spot Bitcoin ETF to enable easier access for banks

December 13, 2023 Coin Telegraph

bitcoin etf

BlackRock said the new ETF model offers "superior resistance” to market manipulation — something the SEC has long used as a reason to reject spot Bitcoin ETFs.

BlackRock has revised its spot Bitcoin (BTC) exchange-traded fund (ETF) application to make it easier for Wall Street banks to participate by creating new shares in the fund with cash, rather than just crypto.

The new in-kind redemption “prepay” model, will allow banking giants such as JPMorgan or Goldman Sachs to act as authorized participants for the fund — allowing them to circumvent restrictions that prevent them from holding Bitcoin or crypto directly on their balance sheets.

The new model was presented by six members of BlackRock and three from NASDAQ in a Nov. 28 meeting with the United States Securities Exchange Commission.

Ethereum Showing Serious Strength as One Low-Cap Altcoin Flashes Bullish Signal for First Time Since 2022: Analyst

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

December 12, 2023 Coin Telegraph

$<div>'Take some rest and GO' — Bitcoin price copies 2020 bull run fractal</div>$

Bitcoin

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 (formerly 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.

BTC price

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