‘Dip,’ ‘Buy’ and ‘Fed’ top trending topics on social media, per survey
Panic sellers, hold your horses because dips are still for buying, according to data from Santiment behavior analysis.
Auto Added by WPeMatico
Panic sellers, hold your horses because dips are still for buying, according to data from Santiment behavior analysis.
Prices of $42,000 per Bitcoin were more than enough ammunition for well-known Bitcoin bears to reload.
The bearish crossover between Bitcoin's 20-day and 200-day exponential moving averages hints at a drop toward the $40,000-$42,000 area.
The analytics provider reported that long-term BTC holders are reducing their spending, and adding to positions.
The latest BTC price jump above $65,000 has all the signs of a classic bullish breakout.
The number of "hodled" and presumably lost Bitcoin tokens continues to surge in sync with the BTC price.
The report also found that one-tenth of all Bitcoin miners control 90% of network hash rate.
The world's leading payment services provider processed $145.60 million worth of Bitcoin trades on the day BTC rallied to its record high of $67,000.
Bitcoin price increases will also be less dramatic moving forward, the report suggests.
Open Interest surged to $3.22 billion Thursday to levels not seen since February.