Bitcoin bears remain dissatisfied as BTC hovers near multi-month highs.
The pair had managed to conserve its trading range over the weekend, with a local low of $22,315 allowing bulls to avoid a major setback.
Gold, too, disappointed those hoping that a retracement would set in after weeks of impressive returns, something analyst Alisdair McLeod put down to classic principles of supply and demand.“While technical analysts point out a correction is due, they seem to be unaware that central banks are buying every ounce they can get their hands on.”
“There are signs this could be the start of the bull, and there are also signs it's a bear market rally. Until I see confirmations, I'm focused on the data that matters so I'll know whether a potential breakout is a justifiable move or a higher probability of being a fakeout,” Keith Alan, co-founder of on-chain data resource Material Indicators,Alan continued noting that one macro trigger in particular still needed to enter to call time on bears.
“Sure, maybe 'this time is different', but I'm looking for full candles above the 200 Week MA to consider it a confirmed breakout.”
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Aptos Explodes 95% Weekly to ATH, Bitcoin Calms Amid $23K (Weekend Watch)Aptos (APT) is the best performer on a weekly scale from the top 100 cryptocurrencies.
Baca lebih lajut »
First Mover Asia: Bitcoin Surges Past $23K Before RetreatingBitcoin surged past $23K over the weekend for the first time since August before retreating to the $22,750 level. PLUS: Sam Reynolds notes the significance of Microsoft's decision to effectively exit the metaverse. JPRubin23 and TheSamReynolds report
Baca lebih lajut »
Market Watch: AXS Soars 40% Overnight, Bitcoin Sits Close to $23KAxie Infinity's native cryptocurrency has skyrocketed by double digits in the past 24 hours.
Baca lebih lajut »
Bitcoin (BTC) Price Analysis for January 22Can BTC fix above the $23,000 mark by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Baca lebih lajut »
BTC metrics exit capitulation — 5 things to know in Bitcoin this weekHas anything really changed for Bitcoin? Here are five things to watch in BTC this week.
Baca lebih lajut »
Bitcoin (BTC) Shows Impressive Growth in January Alone, Beating Ethereum (ETH): Details$BTC has jumped by nearly 40% in first month of 2023, surpassing ethereum. BTC_Archive WuBlockchain
Baca lebih lajut »