Bitcoin dips to $92K in ‘optimal dip-buying’ move as PCE boosts …

Dec 20, 2024 · Bitcoin reverses the BTC price dip at December lows on the back of US PCE inflation relief. ... Bitcoin dips to $92K in ‘optimal dip-buying’ move as PCE boosts crypto ...

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Dec 20, 2024 · Bitcoin reverses the BTC price dip at December lows on the back of US PCE inflation relief. ... Bitcoin dips to $92K in ‘optimal dip-buying’ move as PCE boosts crypto ...

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BTC price retests December lows in leverage wipeout. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering past $96,000 on Bitstamp.. Still down 1.5% on the …

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Will bitcoin's dip reduce risk of downside volatility?

Bitcoin’s dip over the last week reduced the likelihood of downside volatility, say analysts from crypto exchange Bitfinex. Bitcoins’ near 10% plummet last week was a “healthy realignment” that should lower the risk of it suddenly dropping in the coming days and weeks, say analysts from crypto exchange Bitfinex. ...

What happened to bitcoin during a dip?

The resulting dip saw open interest in Bitcoin shrink from $35 billion to a more “stabilized” $31.8 billion, Bitfinex said. Additionally, on Oct. 1, over $450 million worth of long positions were liquidated during the dip, showing that the market is largely biased toward capturing the upside. ...

Is BTC/USD still down -15% on Bitstamp?

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering past $96,000 on Bitstamp. Still down 1.5% on the day, Bitcoin offered challenging trading conditions, but it was longs paying the price as the market revisited $92,000 lows from earlier in December. “Bitcoin is now down -15% on this pullback.” ...

Is bitcoin down -15% on a pullback?

“Bitcoin is now down -15% on this pullback.” Rekt Capital, who had earlier warned that Bitcoin often sees bull market corrections around six to eight weeks after breaking prior all-time highs, noted that the current dip “almost matches” a similar event from 2021. “They tend to last a few weeks,” he continued. ...

Is BTC's drawdown over?

With BTC's price dropping by more than 15% since its all-time high, one analyst said that most of the drawdown is potentially over for the largest cryptocurrency. With Bitcoin price falling under $93,000 on Dec. 20, Captain Faibik, an independent crypto trader, said that BTC’s correction was approaching a conclusion. ...

Could buyers still look to consolidate bitcoin at lower prices?

Source: Bitfinex Bitfinex analysts speculated that buyers could still look to consolidate more significant amounts of Bitcoin at lower prices. “As Bitcoin experienced its first consecutive series of four red days since early August, the market saw a healthy realignment.” ...