Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone By Cointelegraph



© Reuters.

(BTC) price lost 11.3% between Dec. 14 and Dec. 18 after briefly testing the $18,300 resistance.

The move followed a seven-day correction of 8% in the S&P 500 futures after United States Federal Reserve Chair Jerome Powell issued hawkish statements after raising the interest rate on Dec. 14.

Bitcoin 12-hour price index, USD. Source: TradingView
Bitcoin 2-month futures annualized premium. Source: Laevitas
Exchanges’ top traders Bitcoin long-to-short ratio. Source: Coinglass