cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
News/Bitcoin trades in tight range ahead of jobs report this week
last month6 mins read

Bitcoin trades in tight range ahead of jobs report this week

news-markets.jpg

While the markets have been quiet over the holidays, Bitcoin may be getting ready for a volatile move as its trading range tightens. The jobless claims report this week, on Dec. 29, could catalyze such price action.

At the current price, BTC rests at levels last seen two years ago. According to Glassnode, as of Dec. 26, Short-term holders held Bitcoin at a loss totaling 1,889,585 BTC, with the Long-term holders tally at 6,057,858 BTC.

Meanwhile, the S&P 500 is forming a double top on the hourly. If it can hold 3,830 we’ll have our first higher low, which could lead to a further move toward the upside. DXY remains stable at 104.2.

Coin360 (119).png

Top  altcoin gainers and losers

Gainers

Losers

Bitcoin Technical Analysis

Bitcoin tested $17,000 again and had a swift rejection heading down to $16,800. We can see some bullish momentum forming on indicators. However, some buy orders are sitting at $16,000, which is, coincidentally, an area of interest for sell-side liquidity, given how a significant number of long positions will have their stops in that area. Considering all this, a sweep of that range before the price moves up to $18,500 - $19,800 is possible.

btc27dec.png

Ethereum Technical Analysis

Ethereum wicked up to $1,233 once again and is now back down to $1,217. Anything below $1,190 is part of the discounted range and should be a good place to build long positions. As far as expectations go we can see $1,150 before $1,300 as it would not break the previous low while still maintaining a bullish structure.

eth27dec.png

NFT Market Map

ETH GOBBLERS (+14.75%) and TABZ (+723.57%) are making waves on the NFT leaderboard as the no.2 and 3 projects by daily trading volume.

The Omakasea team shared the idea behind ETH GOBBLERS as they dropped it on Christmas. Meanwhile, TABZ caught the community’s eye thanks to its relationship with Degenz and creative collaboration with OSF.

LilPudgys (+517.57%) tracked PudgyPenguins (+104.94%) closely as the two projects ranked no. 5 and 4 on the top volume list, respectively.

Coin360 (120).png

Coin360 Daily Digest

Here's a rundown of the major crypto market news from today.

dailydigestdec27.jpg

For more daily updates and news, follow us on Twitter.

Disclaimer: None of the information here constitutes financial advice and market participants are advised to conduct their own research since cryptocurrencies are speculative assets with considerable risks.

cryptocurrency widget, price, heatmap
v 5.4.1
© 2017 - 2023 COIN360.com. All Rights Reserved.