Crypto analyst Crypflow has explained what the Bitcoin relief rally above $71,000 means for the leading crypto and hinted that BTC could still drop lower. This came as the analyst alluded to the previous bear markets and how recent rallies are mirroring price action in past cycles. Analyst Warns Relief Rallies Are Getting Weaker Amid…
Bitcoin price may be showing signs of holding steady, but that alone does not confirm a bottom is in place. A recent post by crypto analyst @CryptoTice_ argues that the current market phase does not yet meet the conditions historically associated with a true Bitcoin price bottom. Instead of focusing on short-term stability, he points…
Over the last week, the Bitcoin bulls looked to have taken control of the price, eventually pushing it back above $73,000 again. There has been a slowdown since then, with bears trying to retest the $70,000 level over the weekend. For now, the bulls are still open, but there is still the possibility that the…
Bitcoin price started a fresh decline from the $73,800 zone. BTC is consolidating and might struggle to stay above the $70,500 support. Bitcoin failed to stay above $72,500 and corrected gains. The price is trading below $72,000 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance at…
The current price range of Bitcoin may not relay much, but a change in ownership structure is taking place under the surface. Related Reading On-chain data from CryptoQuant shows that one cohort of market participants is stepping back from exchange activity at a pace not seen in nearly a year, while another is quietly rebuilding…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in…
Bitcoin’s weekly chart is showing an uncomfortable comparison to one of the most brutal sell-offs in its history, and at least one analyst believes the worst may still be ahead. This technical outlook is looking at the current price action as a mirror of the 2022 macro fractal sequence that sent Bitcoin from $69,000 to…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing…
Over the years, there have been different metrics, technicals, and ways in which investors have tried to predict the Bitcoin price bottom with each bear market. Some of these have reportedly done so with some accuracy, while others have seen a deviation. Recently, a pseudonymous crypto analyst who goes by @cryptocupra on the X (formerly…