Is There a Bullish Breakout Ahead for Bitcoin?
Needham & Co. Vice President John Todaro discusses his positive assessment of the crypto markets despite continuing to see red over the past week. “We’re still in a bullish macro set up here for bitcoin and cryptocurrencies more broadly,” Todaro said. “We do have around $100K bitcoin [price target] in Q1 2022.”
Bitcoin Still Trading in Bullish Channel Despite Price Support Break
New data reveals bitcoin’s broader outlook remains constructive despite the recent pullback. The largest cryptocurrency by market cap fell below its support level of $57,653, the Oct. 23 low, which has paved the way for a deeper pullback. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Jury Deliberations Begin in Kleiman v. Wright Trial
The 10 jurors now must decide whether Craig Wright had a partnership with the late Dave Kleiman and if so what Kleiman’s share of the entity’s assets is worth.
First Mover Asia: Bitcoin Edges Toward $58K; Altcoins Recover From 7-Day Lows
The dominance of the largest cryptocurrency by market capitalization dipped to 42%, far off its October high.
Según el FMI, bitcoin no debería ser de curso legal en El Salvador
La institución financiera dijo que los planes del país centroamericano de adquirir más bitcoin requerirán un “análisis muy cuidadoso” de las implicaciones para su estabilidad financiera.
Market Wrap: Altcoins Outperform as Bitcoin Stabilizes
The rise in altcoins suggests a greater appetite for risk among traders.
Bitcoin Should Not Be Legal Tender in El Salvador: IMF
The financial institution said the Central American country’s plans to acquire more bitcoin will require a “very careful analysis” of implications for its financial stability.
Bitcoin Holds Support at $56K, Resistance at $60K-$63K
Momentum is improving as oversold readings appear on the chart.
