• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision

Bitcoin Slips Back Under $18,000 as Selling Pressure Picks Up Again

Nick Chong by Nick Chong
2 years ago
in BTC
Reading Time: 2 mins read
Advertisement

Bitcoin is slipping lower despite the rally earlier today. BTC is down another 2% since the trading session began an hour ago, pushing under $18,000 yet again.

The price of the leading cryptocurrency currently is $17,925, with Ethereum and altcoins also dropping rapidly.

According to ByBt, the funding rates of leading Bitcoin futures markets are currently around baseline of 0.01% per eight hours. On OKEx, they have even dipped into the negative, meaning that short positions are paying long positions on a regular basis.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

This may be a sign that the market has reset after leverage took the market rapidly higher and rapidly lower at the end of November. The funding rates resetting could be a sign that Bitcoin is primed to move back toward the upside.

Related Reading: Here’s Why Ethereum’s DeFi Market May Be Near A Bottom

Comes in Spite of Positive Adoption Trends

This drop comes in spite of institutional demand for Bitcoin. Matt Kaye, a managing partner at Blockhead Capital, recently asked his followers why Bitcoin isn’t rallying as MicroStrategy is primed to buy $550 million worth of BTC:

“The one thing I can not wrap my head around is the lack of front running on Saylor’s $550MM raise. You’d expect rational market participant to want long before that fiat is allocated. The deal is set to close as soon as tomorrow. What am I missing?”

The one thing I can not wrap my head around is the lack of front running on Saylor's $550MM raise.

You'd expect rational market participant to want long before that fiat is allocated.

The deal is set to close as soon as tomorrow.

What am I missing?https://t.co/pDlKwRmBgh

— Matt ? (@Matt__Kaye) December 11, 2020

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Related Reading: Tyler Winklevoss: A “Tsunami” of Capital Is Coming For Bitcoin

Losses Ahead for Bitcoin Holders?

Some think that Bitcoin is primed to move lower in spite of the institutional inflows that are taking place. One crypto-asset analyst commented that the fact BTC printed stong “SFP” candles at the highs of $19,950 may indicate that there are further losses on the way:

“I’ve been bearish on #Bitcoin near the highs based purely on TA. Literally HTF SFPs on Eth and Btc at the top. My TA says this can come back way lower, $11k-13k. With these large players buying in at these levels maybe this time it’s different? What do you all think?”

Another reason why investors are concerned is on-chain trends. Willy Woo, a leading on-chain analyst, recently commented that he thinks there is a good likelihood there is consolidation or further losses in the weeks ahead:

“Bitcoin on-chain structure saying to bulls “thou shall not pass”, not without a reset. A reset means many weeks of sideways or a decent bearish dip. Will we get a dip? There’s no impulse of coin movements that’s strongly bearish just yet. Waiting game.”

Many are confident that BTC will retain its macro ascent, though, as the U.S. dollar continues to drop and as investors increasingly prefer BTC.

Related Reading: 3 Bitcoin On-Chain Trends Show a Macro Bull Market Is Brewing
Featured Image from Shutterstock
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
Bitcoin Slips Back Under $18,000 as Selling Pressure Picks Up Again
Tags: btcusdBTCUSDTxbtusd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Related Posts

Bitcoin

Bitcoin Price Trims Losses But Remains In Range, What Could Trigger Fresh Rally

3 days ago
Bitcoin

Bitcoin Price Corrects But Uptrend Is Still Intact and BTC Could Rally Again

4 days ago
Bitcoin Price Retests $27K Following Fed Rate Decision

Bitcoin Price Retests $27K Following Fed Rate Decision

4 days ago
Bitcoin

Bitcoin Price Looks Ready For Another Leg Higher Over $28.5K

5 days ago
bitcoin bullish bottom rsi

This Bullish Bitcoin Technical Signal Suggests The Bottom Is In

5 days ago
Bitcoin

Bitcoin Bulls Take Break, What Could Trigger A Downside Correction

6 days ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Bashar DAO Launches BASHAR Token: For the Betterment of the Arab Region

March 26, 2023

Futures of metaverse tokens like The Sandbox (SAND), and Decentraland (MANA) are very blurry, while Defi Giant RenQ Finance (RENQ) remains the hottest crypto of 2023

March 26, 2023

TMS Network (TMSN) Poised to Become the Next 1000x Token, Magic (MAGIC) Down 8.38%, and Binance (BNB) among the few Cryptos with an Exciting Future

March 26, 2023

ShibaLauncher: First Community Driven Launchpad on Shibarium Opens Token Pre Sale To SHIB Holders

March 25, 2023

As the competition in the derivatives market heats up, BitMake is poised to stand out

March 25, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.