Bitcoin’s inability to reclaim the 20-day EMA is a sign that selling in BTC and altcoins remains a threat.
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Bitcoin’s inability to reclaim the 20-day EMA is a sign that selling in BTC and altcoins remains a threat.
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The recent bout of buying in the Yearn Finance market accompanies meager volumes, suggesting there are not enough buyers backing YFI’s price rally.
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LUNA, FTM, ATOM, and ONE could rally if Bitcoin rises above the 50-day SMA.
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Ethereum network saw a nine-fold increase in its smart contract deposits, but a descending channel continues to pressure the price.
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Bulls had a 90% higher open interest coming into Dec. 31 options expiry but bears managed to balance the scales at $47,175.
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After this year’s monster rally, Bitcoin’s price is at a critical juncture. Analysts expect $100,000 in 2022, but what does technical analysis suggest?
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Bitcoin and most major altcoins are attempting a recovery from their strong support levels, indicating that traders continue to buy on dips.
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BTC price retests the recent lows at $46,000 as institutions appear to be “selling for tax reasons” while $52,000 remains a major hurdle in the path higher.
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