{"id":9063,"date":"2022-12-09T12:35:03","date_gmt":"2022-12-09T12:35:03","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=9063"},"modified":"2022-12-09T12:35:05","modified_gmt":"2022-12-09T12:35:05","slug":"bitcoin-price-targets-stretch-to-19k-as-btc-jumps-4-from-daily-lows","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=9063","title":{"rendered":"Bitcoin price targets stretch to $19K as BTC jumps 4% from daily lows"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) stayed higher after a $17,000 liquidity grab on Dec. 9 as traders targeted further upside.<\/p>\n<p><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/p>\n<h2>Bitcoin attempts new monthly high<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD cooling volatility once more after hitting $17,300 on Bitstamp.<\/p>\n<p>The pair had begun by taking liquidity at the Dec. 8 Wall Street open, this snowballing to see it challenge one-month highs from Dec. 5.<\/p>\n<p>For those already betting on upward continuation, the move came as little surprise, with the coast still clear to add to the gains.<\/p>\n<p>\u201cThe move to 18-19k $BTC continues,\u201d popular trader Credible Crypto summarized.<\/p>\n<p>A previous tweet from Dec. 7 explained the rationale, with invalidation set at $16,000 support.<\/p>\n<p>\u201cLows cleaned up and as if on cue Binance apes showing up to support the mid 16k\u2019s,\u201d part of accompanying comments read:<\/p>\n<p>\u201cMaybe one more push into 16.4-16.5k and then expecting a reversal back up and continuation to 18-19k targets.\u201d<em>BTC\/USD annotated chart. Source: Credible Crypto\/ Twitter<\/em><\/p>\n<p>Fellow trader Cheds, meanwhile,\u00a0eyed potential continuation of volatility, with BTC\/USD tagging its upper Bollinger Band on 4-hour timeframes.<\/p>\n<p>At the time of writing, 4-hour candles remained near the upper band, with both still expanding in a classic prelude to increased volatility.<\/p>\n<p><em>BTC\/USD 4-hour candle chart (Bitstamp) with Bollinger bands. Source: TradingView<\/em><\/p>\n<p>\u201cExpecting continuation for Bitcoin as long as we stay above $17K,\u201d Micha\u00ebl van de Poppe, founder and CEO of trading firm Eight, added, likening the overnight move to the breakout from the end of November.<\/p>\n<h2>Liquidations fuel BTC price run-up<\/h2>\n<p>Further analysis of overnight BTC price action highlighted increased liquidations of short positions.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin 2022 bear market \u2018usual\u2019 despite key trend line loss \u2014 Analyst<\/em><\/strong><\/p>\n<p>In a sign of the extent to which market participants assumed further downside would enter, short liquidations on BTC totaled $7 million in a single hour on Dec. 8, data from Coinglass shows. Altcoin short liquidations added another $11 million to the tally.<\/p>\n<p>\u201cLiquidations have been relatively small since the early November crash but short liquidations helped fuel that recent move,\u201d analytics resource On-Chain College confirmed.<\/p>\n<p><em>BTC liquidations chart. Source: Coinglass<\/em><\/p>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-targets-stretch-to-19k-as-btc-jumps-4-from-daily-lows\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) stayed higher after a $17,000 liquidity grab on Dec. 9 as traders targeted further upside. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin attempts new monthly high Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD cooling volatility once more after hitting $17,300 on Bitstamp. The pair had begun by taking liquidity at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-9063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9063"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9063\/revisions"}],"predecessor-version":[{"id":9065,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9063\/revisions\/9065"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/9064"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}