Monday, December 6, 2021
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Bitcoin’s Bullish Trajectory Intact, but December Pump to $100K Looks Unlikely: Analysts

Bitcoin needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. While analysts are bullish on the cryptocurrency, they don’t foresee a rally to six figures in the short term.“The latest Commitment of Traders report shows net-long positioning on the

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Bitcoin Still Trading in Bullish Channel Despite Price Support Break: Analysts

Mumbai-based crypto asset management company, MintingM, said that the cryptocurrency is still in a clear uptrend, making higher highs and higher lows on the daily time frame. As seen in the chart below, the upward or bullish channel, representing higher highs and higher lows, can be identified by trendlines connecting

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Bitwise bullish on pure Bitcoin ETF after dropping futures filing

Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) futures-based exchange-traded fund (ETF) amid a number of such products launching in the United States.While dropping its futures-linked ETF, the firm is still bullish on a spot Bitcoin ETF, which is designed to track Bitcoin directly, Bitwise chief investment

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How cautiously bullish Bitcoin traders use options to maintain BTC exposure

Bitcoin (BTC) traders appear undecided on the next step and this is reflected in the price oscillating between $58,400 and $63,400 over the last 14 days. There are some bearish signals coming from the United States regulatory front, but at the same time,the Bitcoin exchange-traded funds (ETF) surpassing $1.2 billion

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