Bitcoin News Today – Headlines for December 9

发布时间:2019-12-10 14:49:25 发布人:TokenString

Bitcoin News Today – After a little upsurge last week, Bitcoin (BTC) spent almost the whole weekend consolidating. The digital currency has been somewhat flat over the past few days. Some industry analysts are now considering the unpopular idea of a final capitulation approaching, which would reflect movements from this time last year.

Will Another Final Capitulation Set In?

The digital currency markets were lifted on Friday, which pushed the price of BTC towards $7,600 on Saturday. A dip to $7,400 on Sunday was quickly recovered and BTC has been trading around $7,500 for the better part of the last two days. Since BTC plunged enormously on Nov. 25, the digital currency has been at this level with very little momentum to take it higher. There have been two green weekly closes, but none of them was close enough to cancel out the massive red candles last month.

Bitcoin (BTC) Price Today – BTC / USD

# Name Price 24H %
1
bitcoin
Bitcoin(BTC)
$7,385.96
-1.46%

There are currently mixed sentiments in the market, with some analysts eyeing the possibility of another final capitulation as charts are starting to mirror patterns last seen in December 2018 when the price of BTC plunged to the $3k area.

Jacob Canfield – crypto analyst and trader – polled some of his followers to gauge sentiments of two opposing groups of BTC bears and bulls.