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.