A key long-term price indicator for Bitcoin, the 200-day simple moving average (SMA) appears to be losing its bullish momentum as the US economy added fewer jobs in August 2024. Bitcoin Must Overcome The 200-Day SMA To Reverse Trend The 200-day SMA is considered one of the more reliable long-term indicators to gauge an asset’s…
Crypto analyst CryptoCon stated in his recent market analysis that the Bitcoin current price action is reminiscent of December 2016. He further explained what he meant and provided insights into what to expect from the flagship crypto going forward. “It Is September 2016 All Over Again For Bitcoin” CryptoCon mentioned in an X (formerly Twitter)…
Crypto Analyst Says It’s September 2016 For Bitcoin Again, What This Means Read More »
Arthur Hayes, the co-founder of BitMEX, today expressed a bleak outlook for the Bitcoin price’s immediate future. On his X profile, Hayes revealed his personal market maneuver, stating, “BTC is heavy, I’m gunning for sub $50k this weekend. I took a cheeky short. Pray for my soul, for I am a degen.” Why Hayes Possibly…
Arthur Hayes Predicts Bitcoin Price Crash Below $50,000 This Weekend Read More »
Data shows three popular Bitcoin momentum indicators recently formed a death cross pattern. Here’s what usually follows this formation. Bitcoin Momentum Indicators Have Seen Bearish Crossovers Recently In a new CryptoQuant Quicktake moving averages (MAs) related to the cryptocurrency. The first is the “Active Address Momentum,” which involves the 30-day and 365-day MAs of the…
Bitcoin Momentum Indicators Are All Showing Death Cross: Say Hello To Bear Market? Read More »
As the November elections draw near, former President Donald Trump is ramping up his support for Bitcoin and the broader cryptocurrency industry, positioning digital assets as a central theme in his campaign for the White House. America As The Bitcoin Capital During a recent address at the Economic Club of New York, Trump articulated his…
Bitcoin (BTC) has been on a severe downward trend for the past few months, experiencing multiple price fluctuations amidst broader market volatility. A crypto analyst has predicted that Bitcoin could witness an even steeper drop to $50,000 if its price does not hold this key support level. Bitcoin Risks $50,000 Drop If Support Fails Elja…
Bitcoin Forecast: BTC Price Could Crack $50,000 If This Important Level Does Not Hold Read More »
Bitcoin (BTC) and Ethereum (ETH) have started September in the red, having already suffered price declines since the beginning of the month. This bearish sentiment towards the foremost cryptocurrencies and, by extension, the broader crypto market is due to several macroeconomic factors. Market Still Feeling The Effects Of The Yen Carry Trade Recent developments suggest…
What Was Behind The Bitcoin And Ethereum Price Crash? Read More »
Summers have historically been very bearish for the Bitcoin price, and the year 2024 has been no different. Since summer began in June, the price of Bitcoin has been very weak, with multiple flash crashes rocking the pioneer cryptocurrency at various points. So far, the Bitcoin price has gone from over $70,000 to below $50,000…
Crypto Analyst Says The Bitcoin ‘Summer Chop’ Is Nearing Its End, Here’s Why Read More »
Data shows the crypto derivatives market has suffered a lot of liquidations in the past day as Bitcoin and others have plummeted. Bitcoin Has Declined More Than 3% In The Last 24 Hours Bitcoin has continued its recent bearish momentum in the past day as its price has observed a further plunge, coming down to…
$170 Million In Crypto Longs Bite The Dust As Bitcoin Plunges Under $57,000 Read More »
The crypto market has been struggling with prolonged sideways movement in recent months. Since March 2024, the market has failed to make a successful breakout above previous peaks, leaving investors frustrated. According to a recent significant rebound. While there are some short-term factors that may provide relief, the overall sentiment in the crypto space remains…
Crypto Market Stuck In A Rut? Here’s Why 2024 Bitcoin Breakout May Be Delayed Read More »
Ethereum is down nearly 35% from July highs and roughly 40% from 2024 peaks. While there is hope among holders that the coin will expand, breaking local resistance, the short-term trend favors sellers. From the daily chart, not only is ETH struggling to gain momentum and push above $2,800, but sellers have been relentless, diffusing…
Ethereum Slides But Flips Bitcoin In This Key Metric: Time To Load Up? Read More »
