Traders are buying Bitcoin price dips below $95,000, but will it be enough to prevent a sharper correction in BTC and altcoins?
Bitcoin (BTC) dipped below $95,000, but lower levels attracted buyers. Undeterred by Bitcoin’s sharp rally toward $100,000, the two largest corporate holders of Bitcoin, MicroStrategy and MARA Holdings, have continued to build their stockpile with fresh purchases in the past few weeks.
Traders remain optimistic about Bitcoin’s prospects in December following the 37% gains in November. 10x Research founder and CEO Markus Thielen told Cointelegraph that Bitcoin has averaged “a remarkable +28%” in December during halving years, posting positive returns in all of them.
Daily cryptocurrency market performance. Source: Coin360
