Bitcoin has been able to regain some of its footings over the last 24 hours after it had fallen to the $18,000 level, taking the entire crypto market down with it. Now, as the Tuesday trading day opens, the digital asset has made its way above $19,000. But despite bitcoin looking to be forming support…
In this episode of NewsBTC’s daily technical analysis videos, we examine the total cryptocurrency market cap (TOTAL) following Ethereum Merge-related disappointments and sideways Bitcoin price action, and attempt to understand how long crypto winter might last. Take a look at the video below: When Will The Cryptocurrency Market Bottom And What Next? Sentiment, price…
On-chain data shows selling from Bitcoin long-term holders may have been behind the recent dip in the crypto’s price below $19k. Bitcoin Exchange Inflow CDD Has Recently Observed A Sharp Increase As pointed out by an analyst in a CryptoQuant post, there has been some possible selling pressure coming from the long-term holders recently. The…
The Bitcoin price has been moving sideways on low timeframes after experiencing a rejection north of $20,000. The number one cryptocurrency by market cap was benefiting from Ethereum’s “Merge” bullish momentum, but with that factor gone, bears seem to be back in control. At the time of writing, the Bitcoin price trades at $19,200 with…
As the integration has progressed, Ethereum’s price has slid precipitously. Since the general financial markets are facing a period of extreme pessimism, ETH could continue to fall over the next few days. On the morning of September 15th, the Merge went into effect. The price of ETH dropped 11.91 percent during the day, wiping off all…
The overall financial market is discouraging this week. Stocks and cryptos are plummeting as anticipation of the upcoming rate hike grows. The latest CPI for August was a force that pushed the market towards the edge. The figure was higher than expected, increasing fear in the industry. As the Feds prepares to hit the market…
Bitcoin price sliding deeper into the pit can likely happen before this year ends. Last week, the cryptocurrency market shed $165 billion of its total market capitalization with crypto frontrunner Bitcoin slumping into a bearish streak. With this development, both traders and investors are now making conscious efforts to look ahead of the leading digital…
The Merge hasn’t pushed crypto prices as expected. Instead, the third week of September has kicked off with more reds than greens. The entire market has plunged, and even the overall market cap dropped. Currently, many crypto assets are losing every hour. Many crypto exchanges are forcefully liquidating leveraged positions. According to Coinglass, the total…
Bitcoin started an upside correction from the $18,223 low against the US Dollar. BTC climbed above $19,000, but it is now facing resistance near the 100 hourly SMA. Bitcoin traded as low as $18,223 before it started an upside correction. The price is still trading below $20,000 and the 100 hourly simple moving average. There…
An analyst has suggested that two on-chain signals may be used to predict Bitcoin falls as they seem to have historically preceded drops in the crypto’s price. Bitcoin Selling Of 7yrs-10yrs Old Coins Spiked Up Recently As pointed out by an analyst in a CryptoQuant post, BTC dumping of coins aged between 7 years to…