Bitcoin’s selling pressure may be easing as momentum stabilizes, miners capitulate and liquidity conditions turn supportive. Bitcoin (BTC) may establish a local bottom after dropping by over 35% from its record high of around $126,200 established two months ago, based on a mix of technical and on-chain indicators. Key takeaways: Momentum, miner capitulation and liquidity indicators point to fading selling pressure. Read more
Bitcoin price predictions include an initial $100,000 target after completion of the Boxing Day options expiry, worth a record $23.7 billion. Bitcoin (BTC) frustrated traders on Christmas Eve as rangebound BTC price action contrasted with record highs in gold and silver. Key points: Bitcoin plays a “waiting game” as bidders stay focused on precious metals. Read more