- Bitcoin has broken into the $39,000 price range.
- The king coin’s Funding Rate climbed to 0.01% at press time.
Bitcoin [BTC], hovering around the $40,000 price range at press time, has approached the brink of crossing this threshold in the past 48 hours.
Bitcoin moves closer to $40,000
Over the past few weeks, Bitcoin has experienced fluctuations in its value, alternating between increases and declines. Despite this, it consistently maintained a position within the $37,000 price range.
Recent discussions have revolved around the anticipation of Bitcoin’s potential movement toward the $40,000 mark. A closer examination of the daily timeframe revealed that over the last three days, BTC has inched closer to this threshold.
As of the close of trading on the 1st of December, Bitcoin witnessed a 2.6% increase in value, settling at around $37,200. Subsequently, on the 2nd of December, it further surged by 2.0%, concluding trading at over $39,000.
At press time, there was a marginal decline of less than 0.5%, marking its highest point since May 2022.
Source: TradingView
AMBCrypto’s analysis of the above chart also showed that Bitcoin’s Relative Strength Index (RSI) was indicating a strong bullish trend. As of this writing, the RSI line was nearly crossing into the oversold zone.
Furthermore, the short moving average (yellow line) continued to provide support at around the $35,000 price region.
More Bitcoin addresses are yet to become active
AMBCrypto’s examination of the Active Addresses metric on Santimet showed that, despite the recent increase in price, the number of active addresses has remained the same.
On the 2nd of December, the Active Addresses numbered around 5.3 million. Also, the day before that, there were nearly 3.5 million active addresses. At the time of this analysis, the Active Addresses metric numbered 5.2 million.
This suggests that the surge in Bitcoin’s price had not yet translated into an increase in the active addresses trading BTC.
Source: Santiment
This observation was further supported by the volume metric, which also showed no significant uptick. At press time, the volume was around $15.8 billion, maintaining regular trends.
A breakthrough above the $40,000 price range might trigger more reactions in both active addresses and trading volume.
Read Bitcoin’s [BTC] Price Prediction 2023-24
Derivative traders place more bets on BTC
The upswing in Bitcoin’s price prompted noteworthy responses from derivative traders. An examination of the Funding Rate on Coinglass revealed persistent positivity, coupled with a price rise.
At the close of trading on the 2nd of December, the Funding Rate stood at around 0.008%. However, at the time of this writing, the Funding Rate had risen to around 0.01%. Thus, more traders were betting on Bitcoin’s rising prices.
- Bitcoin has broken into the $39,000 price range.
- The king coin’s Funding Rate climbed to 0.01% at press time.
Bitcoin [BTC], hovering around the $40,000 price range at press time, has approached the brink of crossing this threshold in the past 48 hours.
Bitcoin moves closer to $40,000
Over the past few weeks, Bitcoin has experienced fluctuations in its value, alternating between increases and declines. Despite this, it consistently maintained a position within the $37,000 price range.
Recent discussions have revolved around the anticipation of Bitcoin’s potential movement toward the $40,000 mark. A closer examination of the daily timeframe revealed that over the last three days, BTC has inched closer to this threshold.
As of the close of trading on the 1st of December, Bitcoin witnessed a 2.6% increase in value, settling at around $37,200. Subsequently, on the 2nd of December, it further surged by 2.0%, concluding trading at over $39,000.
At press time, there was a marginal decline of less than 0.5%, marking its highest point since May 2022.
Source: TradingView
AMBCrypto’s analysis of the above chart also showed that Bitcoin’s Relative Strength Index (RSI) was indicating a strong bullish trend. As of this writing, the RSI line was nearly crossing into the oversold zone.
Furthermore, the short moving average (yellow line) continued to provide support at around the $35,000 price region.
More Bitcoin addresses are yet to become active
AMBCrypto’s examination of the Active Addresses metric on Santimet showed that, despite the recent increase in price, the number of active addresses has remained the same.
On the 2nd of December, the Active Addresses numbered around 5.3 million. Also, the day before that, there were nearly 3.5 million active addresses. At the time of this analysis, the Active Addresses metric numbered 5.2 million.
This suggests that the surge in Bitcoin’s price had not yet translated into an increase in the active addresses trading BTC.
Source: Santiment
This observation was further supported by the volume metric, which also showed no significant uptick. At press time, the volume was around $15.8 billion, maintaining regular trends.
A breakthrough above the $40,000 price range might trigger more reactions in both active addresses and trading volume.
Read Bitcoin’s [BTC] Price Prediction 2023-24
Derivative traders place more bets on BTC
The upswing in Bitcoin’s price prompted noteworthy responses from derivative traders. An examination of the Funding Rate on Coinglass revealed persistent positivity, coupled with a price rise.
At the close of trading on the 2nd of December, the Funding Rate stood at around 0.008%. However, at the time of this writing, the Funding Rate had risen to around 0.01%. Thus, more traders were betting on Bitcoin’s rising prices.
where to get cheap clomiphene tablets clomiphene tablets uses in urdu buying clomid without dr prescription average cost of clomiphene clomid for low testosterone can i purchase clomid for sale buy cheap clomiphene tablets
With thanks. Loads of erudition!
Thanks a lot for sharing this with all of us you really know what you are talking about! Bookmarked. Please also visit my web site =). We could have a link exchange agreement between us!
More text pieces like this would insinuate the интернет better.
order azithromycin 500mg generic – order floxin 200mg pills metronidazole 400mg over the counter
buy generic rybelsus online – purchase cyproheptadine sale buy cyproheptadine generic
domperidone cheap – buy flexeril online cheap flexeril price
You have brought up a very good details , regards for the post.
order inderal 20mg pill – order clopidogrel buy generic methotrexate over the counter
fascinate este conteúdo. Gostei bastante. Aproveitem e vejam este conteúdo. informações, novidades e muito mais. Não deixem de acessar para descobrir mais. Obrigado a todos e até mais. 🙂
fantástico este conteúdo. Gostei muito. Aproveitem e vejam este conteúdo. informações, novidades e muito mais. Não deixem de acessar para saber mais. Obrigado a todos e até mais. 🙂
augmentin 1000mg for sale – atbioinfo.com buy ampicillin generic
esomeprazole 20mg cost – anexa mate buy generic esomeprazole
medex over the counter – https://coumamide.com/ purchase cozaar without prescription
buy mobic 7.5mg pill – mobo sin mobic online buy
Woah! I’m really loving the template/theme of this blog. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between user friendliness and visual appearance. I must say that you’ve done a fantastic job with this. Additionally, the blog loads extremely quick for me on Opera. Exceptional Blog!
buy generic prednisone – corticosteroid buy deltasone 5mg
causes of ed – https://fastedtotake.com/ ed pills
cheap amoxicillin – https://combamoxi.com/ buy amoxil generic
order diflucan 200mg sale – click order generic diflucan 100mg
where can i buy cenforce – https://cenforcers.com/ cenforce 100mg sale
tadalafil tablets – https://ciltadgn.com/# buying cialis
ranitidine sale – buy generic zantac cost zantac 300mg
The thoroughness in this piece is noteworthy. https://gnolvade.com/
buy viagra hong kong – how to order viagra in australia sildenafil citrate tablets 50mg
More articles like this would make the blogosphere richer. https://buyfastonl.com/amoxicillin.html
Thanks for putting this up. It’s okay done. https://ursxdol.com/sildenafil-50-mg-in/
I am in truth delighted to coup d’oeil at this blog posts which consists of tons of profitable facts, thanks object of providing such data. https://prohnrg.com/product/atenolol-50-mg-online/
I would like to express some thanks to this writer just for rescuing me from this type of condition. As a result of surfing around through the world wide web and seeing advice which were not productive, I assumed my life was well over. Living without the presence of answers to the issues you have sorted out through your good site is a serious case, as well as the kind which could have in a negative way damaged my career if I hadn’t discovered the website. Your main talents and kindness in playing with all things was useful. I don’t know what I would have done if I hadn’t come across such a thing like this. I am able to now look ahead to my future. Thanks a lot very much for the high quality and sensible guide. I will not be reluctant to recommend the sites to anyone who should receive care about this problem.
More posts like this would create the online play more useful. https://aranitidine.com/fr/modalert-en-france/
This is the amicable of serenity I enjoy reading. https://ondactone.com/simvastatin/
I’ll certainly return to be familiar with more.
https://doxycyclinege.com/pro/celecoxib/
The depth in this tune is exceptional. http://forum.ttpforum.de/member.php?action=profile&uid=424434
My partner and I absolutely love your blog and find most of your post’s to be exactly I’m looking for. Would you offer guest writers to write content to suit your needs? I wouldn’t mind composing a post or elaborating on a number of the subjects you write related to here. Again, awesome blog!
Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.
Just wanna comment on few general things, The website style and design is perfect, the content is real wonderful : D.
Greetings! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in exchanging links or maybe guest writing a blog article or vice-versa? My website addresses a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you might be interested feel free to shoot me an e-mail. I look forward to hearing from you! Wonderful blog by the way!
order dapagliflozin 10 mg online cheap – https://janozin.com/# forxiga over the counter
how to buy orlistat – this xenical online order
Good day very nice blog!! Guy .. Beautiful .. Wonderful .. I will bookmark your site and take the feeds alsoKI’m happy to find a lot of helpful info here in the put up, we’d like work out extra techniques on this regard, thank you for sharing. . . . . .
This is a theme which is forthcoming to my callousness… Numberless thanks! Exactly where can I upon the acquaintance details an eye to questions? http://zqykj.com/bbs/home.php?mod=space&uid=303470