Don’t Call Bitcoin Bottom Just Yet, CryptoQuant Head Says: Here’s Why
The Head of Research at CryptoQuant has revealed why it may be too early to call a bottom for Bitcoin, based on the trend in on-chain data. Bitcoin MVRV Z-Score Has Plunged Under Its 365-Day MA In a new post on X, CryptoQuant Head of Research Julio Moreno has talked about why Bitcoin may not…
Market Jitters: Bitcoin Dives, $80K Breakout in Jeopardy
Bitcoin price started a fresh decline below the $85,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $86,500 zone. The price is trading below $82,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming…
Bitcoin Price Could Crash Further To $70,000 If This Happens
The Bitcoin price has experienced such severe downward pressure and volatility that many are starting toUS election rally. Popular crypto analyst and Co-founder of BitMEX Arthur Hayes has shared a bearish prediction for the Bitcoin price. Hayes projects a further breakdown in Bitcoin’s value, suggesting an imminent drop between $70,000 and $75,000. Bitcoin Price Crash…
Bitcoin Mega Whales The Primary Sellers During Price Crash, Analytics Firm Reveals
The market intelligence platform IntoTheBlock has revealed how the largest of Bitcoin holders have been the ones applying selling pressure amid the price decline. Bitcoin Mega Whales Have Been Reducing Their Supply Recently In a new whales‘ broadly refer to the entities who own more than 1,000 tokens of the cryptocurrency. At the current exchange…
Flash Crashes On The Rise: Understanding The Recent $300 Billion Crypto Drop
The crypto market is experiencing a significant upheaval, with a staggering $300 billion erased in just 24 hours. This massive sell-off has raised concerns among investors, prompting analysts to explore the underlying causes of this dramatic decline. Bitcoin And Ethereum Plummet According to insights from the Kobelsi Letter, a global commentator on capital markets, the…
Bitcoin Price Drops Again—Is $80K the Last Defense for Bulls?
Bitcoin price started a fresh decline below the $88,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $92,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming…
Bitcoin Plunge Below $89,000: Are We Nearing a Bottom? Analyst Weighs In
Bitcoin’s downward trajectory continues, with its price slipping below $89,000, marking an 8.5% loss over the past week. This extended decline has raised concerns among investors about whether the bottom is finally in. Recent market behavior suggests that significant capitulation is taking place, which some analysts believe could indicate a turning point. Massive Bitcoin Sell-Off:…
Market Signals Point To Caution: Bitcoin’s 3-Day Chart Shows Potential Sell Alert
Bitcoin (BTC), the market’s leading cryptocurrency, has officially entered a new downtrend phase following a period of consolidation around the mid-$90,000 levels. After reaching an all-time high of $109,000 in January, Bitcoin has now seen a significant drop of 7%, bringing its current price to approximately $87,400. This decline raises concerns about the sustainability of…
Bitcoin Loss Holders Highest Since October As BTC Crashes To $87,000
On-chain data shows the number of Bitcoin loss addresses has shot up following the cryptocurrency’s dive toward $87,000. Bitcoin Market Delivered Shock As Price Plummets 7% In Past Day Bitcoin had already been following a bearish trajectory during this month, but it appears the asset’s decline has seen an acceleration in the last 24 hours…
Not Time To Buy Yet? Bitcoin Faces Pressure As Standard Chartered Predicts Further 10% Drop
Earlier this morning, Bitcoin (BTC) hit a yearly low of $86,888 amid a broader market downturn. According to data from CoinGlass, the crypto market sell-off led to over $1.5 billion in liquidations in the past 24 hours, impacting 394,944 traders. More Downside For Bitcoin? After trading in the mid-$90,000 range for several weeks, BTC crashed…