Bitcoin bears lack 'balls' to continue selling into 2022 — analyst

Bitcoin bears lack 'balls' to continue selling into 2022 — analyst

After the cascade to $42,000, it's likely that bears will show themselves to be "stoneless," says popular analyst Light. Bitcoin (BTC) bears will probably be too "stoneless" to keep prices down much longer, fresh BTC price analysis argues.In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin's recent 39% correction.Sheep in bear's clothingA combination of macro factors and smart action from big players left retail investors holding the bags in both Bitcoin and altcoins, Light explained.This was apparent before the comedown from $69,000....


Related News

Key Levels To Watch In Light Of XRP’s Macro Future

With XRP staring down the barrel of bears, there are now a number of levels that are important to watch as the month progresses. Crypto analyst EGRAG CRYPTO has outlined these important targets for investors to pay attention to, as they could be the make-or-break points for XRP. What To Watch Out For With XRP At the start of the analysis, the crypto analyst first implores investors to make sure that they adjust their perspective as things change. This is to ensure that they do not lose sight of the macro picture and are able to keep up with the market trends. That said, there are different....

Analyst: Bitcoin Likely to Sweep Its Highs as Bears Face Mass Liquidation

Bitcoin has been stable below $19,000 for the past few days, with each visit to this level sparking relatively strong pullbacks Where the crypto trends in the near-term will depend largely on whether or not bulls can take control of its price action and push it past $19,000 The selling pressure here is significant and may continue hampering its growth over the coming few hours and even days Meanwhile, Ethereum and other altcoins have been […]

Bitcoin Price Hard Crash Or Mega Pump: Why $31,000 Holds The Key

The Bitcoin price has been trading in a tight range around the $37,000 price level through the weekend. This tight trading suggests that there is a lot of fighting going on right now between the bulls and the bears as each camp tries to gain an upper hand over the other. As this tug of war continues, a crypto analyst has presented the most important level that will determine whether the bulls or the bears will claim dominance. $31,000 Is The Magic Number For The Bitcoin Price Crypto analyst Ben Vouh took to TradingView to share their analysis of where the price of Bitcoin will be depending....

Here’s Why One Analyst Expects Bitcoin to Surge Towards $12,000

Bitcoin and the entire crypto market aren’t providing investors with much clarity into their near-term outlooks BTC is in the process of battling the headwinds created by the ongoing turbulence within the stock market This turbulence has come about as a result of a lack of progress surrounding the second stimulus package If the White House and Congress fail to come to terms with an agreement, then the stock market may continue seeing immense selling […]

Autumn bulls vs. winter bears — Will October be bullish or bearish for Bitcoi...

October has historically been a green month for Bitcoin, but will this trend continue, keeping in mind the current macro market conditions? Join us as we discuss this and more with our host, Joe Hall, and Rekt Capital, a crypto trader and analyst. In this week’s episode of Market Talks, we welcome Rekt Capital, a cryptocurrency analyst who shares macro research, commentary and technical analysis related to crypto markets. He publishes a popular newsletter and provides courses that help educate traders on how to make informed decisions when buying and selling cryptocurrencies. He has more....