Price Analysis 12/30: #SPX، DXY, #BTC, #ETH, #XRP، #BNB, #SOL, #DOGE, #ADA, #AVAX
Bitcoin needs to find support in the $90K to $85K range for altcoins to recover and find new buyers.
Bitcoin started the last week of the year on a quiet note, suggesting that bulls are in no hurry to buy the dip. Analysts are divided on Bitcoin’s short-term price action. Some expect a strong rally leading up to the inauguration of US President-elect Donald Trump in January, while others expect increased volatility. Arthur Hayes, co-founder of BitMEX, expressed a contrary view in his blog post on December 17, where he said that markets are likely to see a “terrible drop” around Trump’s inauguration day. #xrp #avax #ada #spx
While short-term traders may be waiting for the uncertainty to pass before buying, MicroStrategy has continued its Bitcoin buying spree for the eighth straight week. The trading intelligence firm reported buying 2,138 BTC between Dec. 23 and Dec. 29 at an average price of around $97,837.
