Bitcoin hodlers targeting $100K is what’s preventing 40% price drawdown, data suggests
Long-term holders are in command amid a lack of speculators — and they're showing little interest in selling.
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Long-term holders are in command amid a lack of speculators — and they're showing little interest in selling.
The precious metal is stealing the limelight as Bitcoin languishes under $40,000 after the Easter weekend.
USD runs the show behind the scenes as the Easter weekend sparks pain for Bitcoin bulls.
Expectations remain that Bitcoin will head lower in the short term as price compression becomes the main chart feature of the Easter weekend so far.
With little comfort on the daily chart, analysts once more zoom out to explain the lack of momentum on the market.
Bitcoin's copycat moves leaves traders with few options but to wait monitor equities and hope for a correlation breakdown.
Bitcoin may be threatening lower levels but behind the scenes, demand is "up only," data suggests.
A spike higher on April 13's Wall Street open is not enough to rescue the trend, one trader warns.
Things are looking precarious for Bitcoin this week, with concrete rebound predictions absent for the short term.
The Fed gets some serious heat as CPI numbers show just how quickly prices are rising for U.S. consumers.