Yesterday I read an interesting article by one of my favorite columnists, I'm talking to you about William Suberg of Cointelegraph, who to say "Bitcoin held near the USD 40,000 mark on December 3 after weekend gains reinforced a "strong" uptrend."
In Suberg's notes, Bitcoin leaves USD 60 million to shorts dangling, and according to data from Cointelegraph Markets Pro and TradingView tracked a new BTC price surge, driving the BTC/USD pair to new 2023 highs of USD 39,730.
To quote "With derivatives leading into the end of the trading week on Wall Street, some commentators argued that spot buyers needed to step up to keep the momentum going."
According to experts "Whenever BTC is in a strong trend (up or down) and especially when it's trading at yearly highs or discovering prices. You tend to have these weekend moves that break out and leave a lot of people behind."
From the technical for Daan Crypto Trades, "Because I thought it was quite likely that a big move would occur over the weekend, I did not share the usual CME chart. So far, the suspicion was correct and people who tried to bet on the downside on this move would have been liquidated."
SOURCES CONSULTED
Cointelegraph. BTC price nears $40K as as Bitcoin trader eyes return to all-time high. Link
OBSERVATION:
The cover image does not belong to the author: 
, the image was taken from: Cointelegraph
, the image was taken from: Cointelegraph 
