Speculators Show Interest Amid Bitcoin’s Decline

As the market reacted negatively to the outcomes of the Fed meeting on December 18, the proportion of bitcoin holders who conducted their last transactions within a three-month horizon increased. These figures were reported by CryptoQuant.

The kids are in bed and I’m grateful that we’ve got a bunch of presents under the tree for them. Taking a quick look at charts before bed and was struck by the fact that BTC is wedged between the 21-Day and 50-Day Moving Averages that coincidentally have Xmas colors.

Which one… The corresponding indicator jumped by 3% in a week.

At the same time, analysts recorded a surge in the so-called “kimchi premium,” indicating high demand for the asset among South Korean investors.

Co-founder of Material Indicators Keith Alan noted that the price is “stuck” between the 21 DMA ($99,600) and 50 DMA ($94,650).

href=»https://t.co/l4ZNJWIVHF»>pic.twitter.com/l4ZNJWIVHF

— Keith Alan (@KAProductions) December 25, 2024

“Which one do you think will break first?” the expert inquired.

Earlier, QCP Capital described the bitcoin Christmas rally as a non-event.

K33 Research pointed to a high probability of a bull run peak forming on January 17.