Bitcoin price is falling and the market is already fearful of a repeat of Black Thursday. But if massive “high net worth” whales have anything to say about it, another such plummet is extremely improbable. Why? Because since that day, these same whales have amassed a substantial amount of the BTC supply. But what is…
Bitcoin price recently collapsed from $12,400 to under $10,000 after the cryptocurrency presented a near-perfect distribution pattern. If the pattern continues, the market could form a massive head and shoulders top, with a price target of significantly lower. Distribution Pattern Costs Crypto Investors An Arm And A Leg Bitcoin price over the last several weeks…
Bitcoin price this week shocked the crypto world with an over $2,000 collapse from over $12,000 to under $10,000 in just two days flat. Although there’s certainly blood in the streets, and a sharp turn in sentiment toward fear and panic, the cryptocurrency is currently holding an important level. The fall retraced to a key…
After reaching a point of extreme greed, the crypto market in a flash turned to fear. But investors shouldn’t panic––according to stock market analysts, the recent crash was normal profit-taking and portfolio rebalancing. Could that also be the case with crypto, and the market will soon recover after what is a normal and healthy correction?…
Bitcoin price yesterday tanked by 10% and this week alone fell 17% from high to low. The 24-hour collapse not only cut down valuations across crypto but it also immediately turned sentiment from extreme greed, to fear. With three days left until the weekly close, and the market suddenly frightened, are things about to turn…
Bitcoin’s halving is now in the past, and stock-to-flow formulas predict that the asset is ready to rocket out from current lows. But that’s yet to happen, and the crypto market is even crashing currently. Here’s how this bull market is shaping up to have much “different” momentum this time around, according to one pseudonymous…
Bitcoin price just two days ago was trading above $12,000, but a failure to hold above the key resistance level has sent the cryptocurrency tumbling. Moments ago, the crypto asset fell below $11,000 for the first time in over a month. Can bulls hold this important support, or is this just a pit stop on…
Bitcoin price over the 24 hours plummeted from over $12,000 to as low as $11,150 in a violent selloff. As blood runs in the streets and the crypto market turns into a sea of red, investors must decide to buy the dip or sell before things get worse. According to a massive bearish divergence on…
The dollar’s impact on markets in 2020 cannot be overstated. Its weakness and decline in the face of the pandemic and a dwindling US economy, has allowed assets like Bitcoin, precious metals, and equities to surge. However, the DXY Dollar Currency Index just closed a monthly candle below an over decade-long trend line dating back…
Last night, Bitcoin closed out August and opened September with a new candle. At the same time, the leading cryptocurrency by market cap also closed its first monthly candle above the Ichimoku cloud since 2016. That year, BTCUSD closed above the key level twice, unable to hold the first time around. On the second, successful…