Big gaps and bigger buys: 5 things to watch in Bitcoin this week

Cointelegraph

Published Dec 14, 2020 03:00AM ET

Updated Dec 15, 2020 05:00AM ET

Bitcoin (BTC) begins a new trading week within 5% of the mythical $20,000 price level — but can it get there this time?

As the largest cryptocurrency lines up for another shot at overcoming seminal resistance, Cointelegraph looks at the market factors influencing price performance on Monday.

BTC/USD year-to-date performance. Source: Digital Assets Data
U.S. dollar currency index month-to-date chart. Source: TradingView
BTC/USD 3-day chart. Source: TradingView
CME Bitcoin futures chart showing two latest gaps. Source: TradingView
Bitcoin wallets with a balance of at least 1 BTC. Source: Glassnode
Bitcoin exchange balances historical chart. Source: CryptoQuant

Continue Reading on Coin Telegraph