Bitcoin faces mounting pressure as crucial indicators signal a potential drop to the $53,541 mark. With sellers gaining momentum and technical charts flashing red, the cryptocurrency is struggling to find a foothold in a volatile market. Traders are watching closely to see if the bearish trend will continue or if a reversal is on the…
Bitcoin Bearish Move: Indicators Suggest Next Stop Could Be $53,541 Read More »
A crypto pundit has identified striking similarities between the Bitcoin (BTC) market behavior in 2023 and 2024. Based on the analyst’s observation, he believes that Bitcoin is experiencing a comparable cycle of decline, characterized by widespread investor sell offs, which could precede a significant price breakout to new levels. Comparing The Bitcoin Markets Of 2023…
Bitcoin Breakout: Pundit Shows Similarities Between 2023 And 2024 Read More »
Bitcoin has been under intensified selling pressure since the start of the week, with the largest cryptocurrency experiencing a nearly 4% drop in value over the past seven days. This decline brought Bitcoin to a one-month low of $55,690 earlier on Wednesday, raising concerns among investors about its near-term trajectory. Could Fed Rate Cuts Drive…
Bitcoin Analyst Points To $55,000 As Potential Bottom – US Liquidity The Key Read More »
In a recent essay titled “Boom Times … Delayed,” Arthur Hayes, co-founder and former CEO of BitMEX, delves into why impending Federal Reserve rate cuts may not initially rejuvenate the crypto markets as many investors hope. Published on Substack, Hayes presents a detailed analysis interwoven with his perspective on broader economic policies and their implications…
Crypto Guru Arthur Hayes Is ‘Short-Term Bearish’: Here’s Why Read More »
After stealing the thunder of cryptocurrency in September 2021, Cardano fell about 90%. Its native token, ADA, lost its position in the top 10 cryptocurrencies as a result of significant losses in market capitalization. Related Reading: RENDER Flashes Red With 18% Short-Term Loss – Details This slump in market share sends quite a few questions…
Stunning Fall From Grace: Cardano Suffers 90% Plunge In Market Share Since ’21 Read More »
On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Z-Score is currently giving a bearish signal for the BTC market. Bitcoin MVRV Z-Score Has Seen A Bearish Crossover Recently In a newMVRV Z-Score refers to an indicator that keeps track of the difference between the BTC market cap and realized cap, divided by…
Bitcoin Investors Beware: MVRV Has Given Bear Market Signal Read More »
The Bitcoin price has been unable to break out of its current downtrend after losing the $60,000 mark this week, trading as low as $57,790 on Tuesday. However, one indicator is pointing to further price corrections for the largest cryptocurrency on the market that could send the coin well below current levels. Bitcoin Faces Major…
Critical Bitcoin Indicator: Analyst Foresees Major 75% Correction Ahead Read More »
Following its renewed peak above $73,000 back in March, Bitcoin has been experiencing a prolonged period of price stagnation ever since, leaving many investors wondering about the potential for future movements. According to a recent analysis by a CryptoQuant analyst under the pseudonym ‘Avocado,’ this stagnation may bear a resemblance to a similar pattern observed…
Will Bitcoin Repeat History? Analyst Sees This 2019 Pattern In Current Market Read More »
August proved to be one of the toughest months for the crypto market, marked by a significant decline in overall market capitalization, which fell to a six-month low of $1.96 trillion amid what analysts called “Black Monday.” This downturn saw Bitcoin (BTC) plummet from $68,000 to approximately $49,000, igniting concerns among bullish investors. However, market…
Crypto Market Update: Expert Anticipates Bull Run After Choppy August, Here’s Why Read More »
After briefly trading above $59,000 in the early hours of Tuesday, Bitcoin price has now seen a significant retracement, dropping below the $58,000 price mark once again. However, despite this struggle to rally, a CryptoQuant analyst named Kripto Mevsimi recently shared an intriguing observation regarding Bitcoin price on the CryptoQuant QuickTake platform. Bitcoin’s Sharpe Ratio…
Bitcoin Price Drops Below $58K Again, BTC To Make A Comeback Says Key Metric Read More »
Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone. Bitcoin is gaining pace below the $58,000 support zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with…
Bitcoin Price Slips Again: Is This the Start of a Bigger Drop? Read More »
