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More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap

Bitcoin News

After enduring a substantial drop to a seven-month low earlier this week, Bitcoin (BTC) showed resilience by reclaiming ground above the $57,000 threshold on Tuesday, sparking optimism among bullish investors who hoped that the worst of the downturn was behind them.  However, the leading cryptocurrency has quickly retraced over 3% in the past few hours,…

More Pain Ahead: Analyst Warns Of Imminent Bitcoin Plunge Below $54,000 To Fill CME Gap Read More »

MicroStrategy’s Michael Saylor Reveals Bitcoin Holdings Top $1 Billion

Bitcoin News

In a bold display of faith in the future of the largest cryptocurrency on the market, Bitcoin (BTC), MicroStrategy co-founder and executive chairman Michael Saylor has disclosed that he owns around $1 billion. Saylor’s Bitcoin Vision Unshaken In a recent interview with Bloomberg Television, Saylor disclosed that he has been steadily accumulating Bitcoin over the…

MicroStrategy’s Michael Saylor Reveals Bitcoin Holdings Top $1 Billion Read More »

Bitcoin Funding Rates Turn Negative: Shorts’ Turn To Get Squeezed?

Bitcoin News

Data shows the Bitcoin funding rates on exchanges have turned negative, a sign that the shorts have now become the dominant force in the market. Bitcoin Funding Rates Have Turned Negative After Market Crash As pointed out by an analyst in a CryptoQuant Quicktake funding rate” refers to a metric that keeps track of the…

Bitcoin Funding Rates Turn Negative: Shorts’ Turn To Get Squeezed? Read More »

Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again?

Bitcoin

Crypto analyst Altcoin Sherpa recently suggested that the Bitcoin bottom isn’t yet in and that the flagship crypto could still drop to new lows. Meanwhile, other crypto analysts like Mikybull Cypto have made a case for why the bottom is in and suggested that it is unlikely that Bitcoin will drop below $50,000 again.  Bitcoin…

Analyst Says Bitcoin Bottom Is Not In, Will Price Crash Below $50,000 Again? Read More »

Analyst Predicts Bitcoin Could Plunge Back To $51,000 On Wedge Pattern Breakdown

Bitcoin News

Bitcoin may be experiencing a price recovery towards the $57,000 level after a sharp 20% drop on Monday that sent the largest cryptocurrency on the market to a low of $49,000 not seen since February. Still, BTC is not out of the woods yet, as a concerning pattern has emerged on its 10-day chart.  Analysts…

Analyst Predicts Bitcoin Could Plunge Back To $51,000 On Wedge Pattern Breakdown Read More »

Is Bitcoin In A Bear Market Now? Here’s What On-Chain Data Suggests

Bitcoin News

Bitcoin has gone through a major crash recently, but has the asset yet breached the historical bear market boundary? Here’s what on-chain data says. Bitcoin Is Currently Under Realized Price Of New Whales In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed what the Realized Price of different key…

Is Bitcoin In A Bear Market Now? Here’s What On-Chain Data Suggests Read More »

Bitwise CIO Believes The Crypto Crash Sets The Stage For Bitcoin To Thrive – Key Reasons Why

Bitcoin News

In the aftermath of a tumultuous week that saw Bitcoin (BTC) plummet to a seven-month low of $49,000 on Monday, global financial markets were rattled by a significant downturn, sparking concerns across stock exchanges and the crypto sphere.  However, amid the chaos, Bitwise’s Chief Investment Officer Matt Hougan analyzed the drivers behind the recent market…

Bitwise CIO Believes The Crypto Crash Sets The Stage For Bitcoin To Thrive – Key Reasons Why Read More »

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