As Bitcoin (BTC) returns to the $41,000 area after an uptrend that briefly surpassed the $44,000 price reference point, crypto traders and investors are discovering that now is the time to invest in major decentralized financial assets (DeFi) and are wondering if this is a bullish move. It’s a good time to trade and buy some. .
According to an observation shared by crypto trading expert Michael Van de Poppe in an interview, BTC in particular rose to the $39,500-$40,000 level, followed by the $36,500-$38,000 level. . . Posted by X on December 11th
Bitcoin price action analysis. Source: Michaël van de Poppe
Not a ‘Farewell’, but a Good Purchase
With institutional investors in buy-sell mode following the 1,000BTC rally, BTC whales are not wasting the opportunity to fill their coffers with the crypto industry’s largest asset by market cap
Bitcoin whales with more than 1,000 BTC. Source: Ali Martinez
In fact, as the market corrected and the stock fell sharply for the first time in four months, “borderline buy” calls also rose. Crypto analysis platform Santiment said on December 11 that this actually points to “a degree of over-exuberance and low-price FOMO.”
‘Buy the bottom’ calls amid crypto market consolidation Source: Santiment
Bitcoin Fiyat Analizi
Meanwhile, the first crypto asset was trading at $41,874 at the time of writing. There was a decrease of 0.29% in the last 24 hours, a very modest increase of 0.02% in the last 7 days, and a slightly more significant increase at 13.11. Percentage on the monthly chart based on data received on December 12.
Bitcoin 30 day price chart. Source: Finbold
Overall, the approval of the first Spot BTC Exchange Traded Fund (ETF) is expected to capitalize on the opportunities presented by the recent sell-off and encourage more. There may still be time to accumulate BTC. to start). ) and the halving event in April 2024.