Bitcoin ធ្លាក់ចុះក្រោម $33K ដើម្បីបំពេញចន្លោះពេលអនាគតចំពេលមានកំណត់ត្រា BTC 'hodling'

Bitcoin (BTC) set new multi-month lows on Jan. 24 as the new week began with some classic price behavior.

“Rangeplay” for BTC after CME gap fill

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $32,967 on Bitstamp prior to the Wall Street open Monday.

That level represented the start of a CME futures gap left over from July 2021, Bitcoin “filling” it almost to the dollar before reversing upwards to add over $1,000 in minutes.

With volatility clearly in the air, expectations were running high for the start of trading on United States equities markets.

Weekends are scams. (Low volume markets)

- អាដាមត្រឡប់មកវិញ (@ adam3us) ខែមករា 23, 2022

“Now, Bitcoin will fight $34.1-34.4K. If that reclaims, potential test at $38K possible,” Cointelegraph contributor Michaël van de Poppe សង្ខេប to Twitter followers, noting the CME gap closure.

“Rangeplay at this point.”

At the time of writing, BTC/USD traded just below $34,000, with aroud an hour and a hal until the U.S. open.

Zooming out, អាកប្បកិរិយារបស់វិនិយោគិន meanwhile appeared to counter concerns over short-term sellers. As noted by investor and entrepreneur Alistair Milne, the proportion of the Bitcoin supply that has remained stationary for a year or more hit levels not seen during previous capitulation events.

% នៃ # ប៊ីធាក់ មិន​បាន​រំកិល​រយៈពេល 12 ខែ​ឬ​ច្រើន​ជាង​នេះ​គ្រាន់​តែ​ទទួល​បាន 60%
... ដែលខ្ពស់ជាងបន្ទាប់ពីការធ្លាក់នៃ COVID ខែមីនា ឆ្នាំ 2020
... ខ្ពស់ជាងនៅចុងឆ្នាំ 2015/16 ទីផ្សារធ្លាក់ចុះ
... ខ្ពស់ជាងនៅចុងឆ្នាំ 2018/19 ទីផ្សារធ្លាក់ចុះ

/ ការបញ្ជូនចុងក្រោយ

- Alistair Milne (@alistairmilne) ខែមករា 24, 2022

Even beating the 2018 bear market bottom, when Bitcoin reached $3,100 after a drawdown of over 80%, current resolve among long-term investors was thus palpable.

HODL Waves data from on-chain analytics firm Glassnode confirmed the presence of active hodlers.

Ether attracts $1,800 bid target

The situation looked bleaker for major altcoins on the day, as Ether (ETH) shed almost 11% to near $2,000.

ពាក់ព័ន្ធ៖ Bitcoin 'ចូលទៅក្នុងតំបន់តម្លៃ' នៅពេលដែលម៉ែត្រតម្លៃ BTC មានពណ៌បៃតងម្តងទៀត

The largest altcoin by market cap was not alone in its precipitous fall, the top 10 led by Solana (SOL), down almost 18% at the time of writing. 

For popular trader and analyst Pentoshi, bid levels to watch now lay below $2,000 support — more than 60% under recent all-time highs

“$ETHto me is a great buy at $1800 and I still believe in time we get there,” he បាននិយាយថា: ថ្ងៃអាទិត្យ, លោកបានបន្ថែម a SOL/USD target of $40 as a “fair target.”