After almost $100 Billion dollars worth of longs were liquidated on December 4th (likely due to the official default of Evergrande) BTC looks like it's gathering strength to push back to the mid $55,000 level.
Ethereum which took a slightly larger dip has also been trading a bit higher looking to break out of the $4,400 level and retest the possibility of $5k.
It seems clear there are market forces trying to push down the price, or maybe just attempting to provide liquidity in a time of uncertainty, but the crypto markets still continue to bounce back and show strength and buying after each dip.
It was a great firesale and black Friday deal for anyone who was looking to add to their crypto bag, and I still see a bull market running into at least mid 2022, assuming something crazy doesn't happen ????
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments