Bitcoin buying algos 'seldom care about price' in 2021, says analyst
A blow-off top may yet appear but market composition has changed and 20% dips are being bought with "aggression," says filbfilb. Bitcoin (BTC) is not far from a blow-off top price implosion but investors are "aggressively" buying the dip.Speaking to Cointelegraph on Jan. 8, popular analyst filbfilb revealed that Bitcoin was due a corrective phase given the pace of recent gains.filbfilb: I don't think we're far from blow-off topOn Thursday, BTC/USD exceeded $40,000 before a spectacular reversal saw a $2,200 drawdown in under give minutes. Thereafter, fresh attempts to flip $40,000 to....
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Traders are buying every dip and pushing Bitcoin price to new highs on a daily basis, triggering many altcoins to follow suit. Bitcoin (BTC) again rose to a new all-time high on Friday as bulls continued to buy on every minor dip. As the price reached a new high, Bitcoin’s market capitalization soared above $775 billion, taking it past Facebook’s market cap, according to the website Companies Market Cap. This means, there are only six companies in the world that currently have a greater market cap than Bitcoin. The pace of the rally seems to have caught several traders off guard. Popular....
On-chain data shows the Litecoin whales have participated in a significant amount of buying recently, a sign that could be bullish for LTC’s price. Litecoin Whales Have Added Big To Their Holdings Recently As explained by analyst Ali Martinez in a new post on X, the LTC whales have been busy buying during the last […]
The XRP price is nearing the final stages of an ABC correction, potentially setting the stage for a strong recovery. According to a crypto analyst, the XRP price may decline further before making a move to the upside. As the final leg unfolds, the altcoin may soon present new price targets for a compelling buying […]
Crypto analyst Ali Martinez has identified similarities between Solana’s current price action and the 2021 bull run. Based on his analysis, Solana (SOL) could rise above $1,000 if it mirrors its move from 2021. Solana Could Rise To As High As $1,400 Related Reading: Solana Set For 900% Rally With Breakout From This Pattern — Analyst Martinez predicted that Solana could rise to as high as $1,400, revealing that Solana is looking “a lot like July 2021.” July 2021 was when SOL began its parabolic run in the last market cycle, going from about $30 to its current all-time high (ATH) of $260 in....