Bitcoin Triggering Market Anxiety Cryptocurrency analyst MilkyBull predicts that the Bitcoin price will continue to decline before it rebounds. He believes that the current price drop has caused outflows from Blackrock iShares Bitcoin Trust, a sign of fear in the market. MilkyBull also notes that historically, negative news often precedes a Bitcoin market bottom. Technical…
Price Drop Sparks Liquidations Bitcoin’s recent dip below $59,000 sent shockwaves through the market. This triggered $120 million in liquidations of futures contracts that bet on a price increase. Not a Mass Exodus Unlike previous selloffs, this liquidation doesn’t indicate a panicked sell-off. Investors are taking a measured approach, suggesting a short-term correction rather than…
The recent market crash has left Bitcoin hovering below $60,000, exposing several crucial support levels. Crypto analyst Norok has identified $51,800 as the key level Bitcoin must hold to maintain its bullish trend. Support and Resistance Norok notes that Bitcoin has fallen below its previous support level of $62,000, which has now become a resistance…
Market Sentiment and Bitcoin’s Resemblance to 2016 Despite dwindling market sentiments, cryptocurrency analyst Rekt Capital has noticed striking similarities between the current Bitcoin price action and the 2016 bull cycle. Post-Halving Price Decline Similar to 2016, Bitcoin has experienced further declines in the three weeks following the Halving, falling below the Range Low of its…
Is the Bull Run Over? Bitcoin’s recent drop below $60,000 has raised concerns, but analyst Marco Johanning believes it’s just a correction in an ongoing bull market. Indicators of a Bullish Trend Bitcoin reached its bear market bottom in 2022. It broke above the 200-day moving average in October 2023. Bitcoin achieved a new all-time…
Bitcoin has taken a beating in the past month, with a 20% drop from its all-time high. But amidst the chaos, some analysts see a glimmer of hope. A Tough Start for Bitcoin May has been a rough month for Bitcoin, which has fallen back to levels not seen since March. This is the biggest…
The Dip: Not a Cause for Panic Despite Bitcoin’s recent drop below $60,000, investors remain optimistic. Experts like Raoul Pal emphasize that such corrections are normal, with Bitcoin experiencing four similar dips in the past year. Bull Run Still on Track Alex Thorn and Rekt Capital remind us that bull markets are not linear. Bitcoin…
Raoul Pal, a financial expert, believes that the recent 20% correction in Bitcoin’s price is temporary. He predicts that the market will rebound and enter a period of intense euphoria known as the “Banana Zone.” “Banana Zone” Rally Pal has analyzed Bitcoin’s price movements over the past few years and identified a pattern that suggests…
Bitcoin has dropped below $60,000 for the first time in two months. After a period of excitement, the crypto market is starting to calm down. Fading Euphoria Glassnode, a data analysis company, reports that the hype surrounding Bitcoin has cooled off. Investors are now more inclined to sell than buy. Selling Pressure After reaching a…
Bitcoin (BTC) has taken a hit, dropping to $56,556 on Wednesday morning in Europe. This is the lowest point since late February. The downturn is the sharpest monthly decline since November 2022, with BTC falling about 7.5% in the last 24 hours. Reasons for the Dip 1. Anxiety Before FOMC Meeting Investors are anxious about…
