Permainan judi slot online terbaik

slot hoki terpercaya

  • About
  • Contact
  • Privacy Policy
  • bitcoinBitcoin$19,206.71-0.28%
  • ethereumEthereum$1,043.00-0.98%
  • xrpXRP$0.313049-0.35%
  • bitcoin cashBitcoin Cash$103.163.01%
Cryptovibes.com - Daily Cryptocurrency and FX News
  • Home
  • News
  • Analysis
  • Crypto
  • Autotrading
    • Bitcoin Robot Guide
    • Bitcoin Future
    • Bitcoin Millionaire Pro
    • Bitcoin Pro
    • Bitcoin Loophole
    • Bitcoin Up
    • Bitcoin Storm
    • Bitcoin SuperSplit
    • Bitcoin Supreme
    • Bitcoin System
    • Bitcoin Fortress
    • Immediate Edge
    • Bitcoin Profit
    • Bitcoin Trader
    • Bitcoin Bank
    • Bitcoin Union
    • BitQT
    • Bitcoin Prime
    • Profit Compass
    • Bitcoin Champion
    • Bitcoin Optimizer
    • PBN Invest
    • Quantum AI
    • Celebrities
      • Teeka Tiwari Investment plan
      • Kate Winslet Bitcoin
      • Holly Willoughby Bitcoin
      • Ant McPartlin Bitcoin
      • Nicole Kidman Bitcoin
      • James McAvoy Bitcoin
      • Jim Davidson Bitcoin
      • Peter Lim Bitcoin
      • Jonathan Ross Bitcoin
      • Bear Grylls Bitcoin
      • Phillip Schofield Bitcoin
      • Mike Hosking Bitcoin
      • Ryan Reynolds Bitcoin
      • Dick Smith Bitcoin
    • Broker Reviews
      • Herdos Review
      • FXTB Review
  • Disclaimer
  • PR
No Result
View All Result
Cryptovibes.com - Daily Cryptocurrency and FX News
No Result
View All Result

Bitcoin Might Consolidate Until 2022 After A Violent Plunge Sends It To $41K

John Wanguba by John Wanguba
December 4, 2021
in Analysis
Reading Time: 4min read
Bitcoin Might Consolidate Until 2022 After A Violent Plunge Sends It To $41K

Around $2.5 billion was liquidated across the crypto market in a mass rout that sent the price of Bitcoin back to the levels seen at the end of September. Bitcoin traded near $47,000 on December 4 after an abrupt crash confirmed the bulls’ worst nightmares with around 23% daily losses.

BTC/USD 1-day candle chart (Bitstamp). Source: TradingView
BTC/USD 1-day candle chart (Bitstamp). Source: TradingView

Data acquired from TradingView showed BTC/USD reaching local lows of $41,960 on Bitstamp, which is its lowest level since September 30. As a lot of panic set in, leveraged positions unwound and traders capitulated, after 24-hour cross-crypto liquidations passed $2.5 billion.

Crypto liquidations chart. Source: Coinglass
Crypto liquidations chart. Source: Coinglass

The co-founder of trading platform Decentrader, filbfilb, summarized in a fresh synopsis after the latest market move:

“$50k is likely to be resistance for a decent amount of time now unless stonks to incredible things. Size of dump & distribution likely to mean consolidation into Q1 next year. Moon mission is not dead but some will think cycle over.”

The scale of that dip wiped out some of the most important support levels, including the $1 trillion asset valuation for bitcoin that was previously a popular choice for the long bets.

According to previous reports, worries over traders’ behavior were present as recently as December 3, as data showed that the market might easily be overleveraged at past levels that had formed near $60,000. With that leverage now flashed out, optimism among familiar faces has remained. Some analysts are saying that the $42,000 spike is the ‘bottom’.

Another analyst added that Bitcoin is still in the bull market.

In the meantime, Bitcoin has managed to avoid an attack on the $40,000 support. That is something that might be a reason to ‘flip bearish’ in case it forms a weekly resistance, as highlighted by analyst TechDev. He told Twitter followers:

“Wait. Relax. The market will reveal. If cycle bull phase deviates substantially from history, expect any bear phase to do the same.”

Close week below 20W SMA (50.8) ➡️ Concerning
Macro LL on a weekly close (40K) ➡️ Flip bearish
Lose the 2W RSI Floor ➡️ Flip bearish

Wait. Relax. Market will reveal.

If cycle bull phase deviates substantially from history, expect any bear phase to do the same. https://t.co/6smUaIWlKY

— TechDev (@TechDev_52) December 4, 2021

Ethereum Maintains Strength On Bitcoin Pair

There is a small silver lining from Ether (ETH) on the day that neared a rematch of its highest level since mid-2018.

ETH lost less than Bitcoin in the crash compared to the dollar, ETH/BTC bucked this trend to pass 0.0831.

ETH/BTC 1-hour candle chart (Bitstamp). Source: TradingView
ETH/BTC 1-hour candle chart (Bitstamp). Source: TradingView

All of the top ten cryptos by market capitalization were down by more than 10% against the United States dollar, led by Polkadot (DOT) that had lost 21% at the time of writing.

Like what you're reading? Subscribe to our top stories
Tags: AltcoinBitcoinBTCBTC PriceETHETH priceEthereummarket analysisMarkets

Related Posts

Deutsche Bank Analysts Expect Bitcoin To Surge To $28K By December
Analysis

Deutsche Bank Analysts Expect Bitcoin To Surge To $28K By December

July 2, 2022
US Government Suspends Enforcement Of Crypto Broker Reporting Laws
Crypto news

US Government Suspends Enforcement Of Crypto Broker Reporting Laws

June 29, 2022
NYDIG Study Analyzes Global Regulation Value In BTC Price Gains
Analysis

NYDIG Study Analyzes Global Regulation Value In BTC Price Gains

June 29, 2022
Facebook Twitter Instagram Telegram RSS Youtube

Newsletter

Like what you're reading? Subscribe to our top stories
situs qq online terpercaya
probola
Menyajikan live score bola terkini
www.jamberrynails.net
adtoken.com
Agen bola
judi online slot
daftar judi slot terbaru
situs BandarQQ Online
Situs judi online Terpercaya
poker online
judi bola
slot pragmatic
situs judi bola
situs judi bola
pragmatic play
judi bola
Situs Slot TOS885

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

No Result
View All Result
  • Home
  • Crypto news
  • Analysis
  • Editors’ Choice
  • Entertainment
  • Press Releases
  • ICO
  • Wisdom
  • Coins List
  • Advertising
  • About FXTimes
    • Privacy Policy
    • Terms of Use
    • Donate

Copyright © 2017-2019 Cryptovibes.com. Price data provided by our official partner CoinGecko.

Situs sbobet resmi terpercaya. Daftar situs slot online gacor resmi terbaik. Agen situs judi bola resmi terpercaya. Situs idn poker online resmi. Agen situs idn poker online resmi terpercaya. Situs idn poker terpercaya.

situs idn poker terbesar di Indonesia.

List website idn poker terbaik.
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.