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Bitcoin price hits $23K as on-chain analyst says $55K is the ‘next landmark’

The Bitcoin price (BTC) has surpassed the $21,000–$22,000 resistance range to rise above a new high of $23,000 on Dec. 17. Meanwhile, on-chain analyst Willy Woo now says $100,000 is a “ridiculously low” target.BTC/USD weekly chart (Bitstamp). Source: TradingviewThe $21,000 level was particularly important for Bitcoin to continue its rally

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Record $7.9B Bitcoin futures open interest shows bears are watching BTC price

Today Bitcoin (BTC) price blasted through the $20,000 level and in the process, a record $7.9 billion in futures open interest was set. Although the price increased by 74% over the past two months, the total accumulated short-seller liquidations amounted to $4.3 billion, which is lower than the $4.8 billion

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