Analyst: “Don’t Sweat” Bitcoin Buy In Price, $300K Is Coming
Bitcoin is trading at just below $30,000 per coin at the start of 2021, and all signs point to the coming year being the cryptocurrency’s best year yet. FOMO has only just begun, and is so strong currently, any corrections have been minimal and bought up in days. Those who keep waiting for a “dip” to buy shouldn’t “sweat” a thousand dollars per coin here or there, as according to one of the industry’s top […]
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Data shows around 300k in ETHUSD long positions have been closed on the Bitfinex Ethereum futures market, something that could provide impedance to the latest rally. Ethereum Long Positions Have Dropped By More Than 300k During The Last Few Days On Bitfinex As pointed out by an analyst in a CryptoQuant post, the past data of the ETHUSD long positions on the crypto exchange Bitfinex would suggest the current pattern may prove to be bearish for the value of the coin. The relevant metric here is the total number of Ethereum long positions (ETHUSD pair) currently open on the Bitfinex exchange.....
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According to Willy Woo, a prominent on-chain analyst, Bitcoin is likely going to move toward $200,000 to $300,000 in the coming year. He cited a technical price model that has accurately predicted some key inflection points in Bitcoin’s price history. Bitcoin Could Hit $200,000 in the Coming Year: Willy Woo According to Willy Woo, a prominent on-chain analyst, Bitcoin is likely going to move toward $200,000 to $300,000 in the coming year. Referencing the chart […]