{"id":406575,"date":"2019-12-09T05:00:19","date_gmt":"2019-12-09T05:00:19","guid":{"rendered":"https:\/\/ktsl888.com\/?p=406575"},"modified":"2024-06-11T13:02:17","modified_gmt":"2024-06-11T13:02:17","slug":"make-or-break-time-for-bitcoin-how-likely-is-another-final-capitulation","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/make-or-break-time-for-bitcoin-how-likely-is-another-final-capitulation\/","title":{"rendered":"Make or Break Time For Bitcoin, How Likely is Another Final Capitulation?"},"content":{"rendered":"

Following a little momentum last week Bitcoin spent most of the weekend consolidating. It has been pretty flat for the past fortnight and analysts are now considering the unpopular premise of a final capitulation approaching which would mirror movements from this time last year.<\/p>\n

Bitcoin Bulls and Bears Poised<\/h2>\n

Crypto markets were lifted on Friday which resulted in BTC topping out over $7,600 briefly on Saturday. A Sunday dip to $7,400 was quickly recovered and the best part of the past two days has been spent at $7,500.<\/p>\n

\"bitcoin\"<\/a>
BTC price 1 hour chart – Tradingview.com<\/figcaption><\/figure>\n

Since the big dump on November 25, Bitcoin has remained at this level with very little momentum to take it higher. There have been two green weekly closes but nowhere near enough to cancel out last month\u2019s massive red candles.<\/p>\n

Sentiment is generally mixed at the moment with a number of analysts eyeing the possibility of another final capitulation<\/a> as charts are beginning to mirror patterns this time last year when BTC dumped into the $3k zone.<\/p>\n

Trader and analyst Jacob Canfield polled some of his followers to gauge sentiment of the two opposing groups of Bitcoin bulls and bears.<\/p>\n

\n

Bitcoin opened and closed within a half of a percent yesterday. <\/p>\n

There are currently two groups of people I see currently:
\ud83d\udcc91: This feels like November Before the massive break down<\/p>\n

\ud83d\udcc82: This feels l like December at the bottom<\/p>\n

Which one are you?<\/p>\n

— Jacob Canfield (@JacobCanfield) December 8, 2019<\/a><\/p><\/blockquote>\n