News list for " sideways"
On November 25th, although Bitcoin has been trading sideways for four consecutive days, according to the highest price forecast of Bitcoin this month on Polymarket, the probability of Bitcoin hitting 110,000 US dollars this month is reported to be 12%, and the probability of hitting 105,000 US dollars is still as high as 32%. As of press time, the forecast has 32.72 million US dollars involved in trading.
PlanB, a crypto analyst, said in a post on the X platform: "The market is still trading sideways, and the trading range is around 60k, so I can re-enter the market. In addition, Bitcoin is in a bull market, but the rise has not yet come. Miners are still struggling with the consequences of the halving. We need another doubling of the bitcoin price to start the bull market." Renowned cryptocurrency analyst Willy Woo commented below his tweet, "At current BTC pricing, only the latest models will b...
According to @ai_9684xtpa monitoring, smart money F4Kpk spent $730,000 to buy 19.43 million MOTHER when the currency price was sideways on July 11, with an average cost of only $0.03756. And there has been no transfer or sale operation since the opening of the position, and it has been floating 923,000 dollars (current price 0.08505 dollars), with a return of 126%.
According to Santiment data, Bitcoin faced "sustained FUD" on social media platform X during the sideways trading at the $65,000 mark. Such sustained FUD levels are rare due to traders' constant capitulation. In addition, its weighted sentiment index (a measure of Bitcoin mentions on X and comparing the proportion of positive and negative comments) has been negative since May 23. It is reported that FUD represents fear, uncertainty, and doubt.
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