Sunday, December 4, 2022

Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC By Cointelegraph

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Bitcoin price still due $12K dip, says trader as ETF guru backs GBTC

(BTC) stayed undecided on Nov. 24 as one trader reinforced a $12,000 BTC price target.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $16,500 as an eerie calm continued on the market.

BTC/USD annotated chart. Source: Il Capo of Crypto/ Twitter
GBTC premium vs. asset holdings vs. BTC/USD chart. Source: Coinglass