CME Bitcoin derivative traders had ‘paper hands’ as BTC broke $55K — Report
Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals.
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Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals.
The flagship cryptocurrency has closed October in profits seven out of nine times since 2013, raising hopes that it would be able to log a fractal bull run in the…
Nonfarm payroll data shows the worst U.S. jobs gain in seven months, limiting concerns of Federal Reserve tapering this year.
Bitcoin addresses holding 1,000 to 10,000 BTC have resumed accumulating coins.
Bitcoin bulls remain pressured under $50,000 in the week that would shed more light on the Federal Reserve's taper outlook based on non-farm payroll numbers.
The relative strength index is making lower highs while correcting from its overbought area.
The indicators, coupled with a strong bid momentum versus the offers, suggest that Bitcoin’s price could push above $50,000 in the coming sessions.
“Watch carefully, maybe take some profits or hedge a bit,” advises John Bollinger.
Bitcoin correcting after a big announcement of Michael Saylor and facing crucial resistance at $51K.
Bitcoin’s fundamentals remain strong but analysts pinpoint $46,500 as the key level to reclaim as support in order to preserve the current uptrend.