Bitcoin saw a rather rapid correction at the start of the week which brought it back to the $40,000 level. This correction understandably shook up some investors in the market, who rushed to panic sell in order to avoid more losses. Once the selling began to die down, the price of the cryptocurrency has been…
The Bitcoin price experienced a notable downturn as selling pressure intensified, resulting in a decline of over 4% from its annual peak of $44,500. This downturn was further exacerbated by the loss of the crucial $42,000 support level. However, the largest cryptocurrency in the market received a substantial uplift from the US Financial Accounting Standards…
Recent reports have revealed that Bitcoin (BTC) is experiencing a significant surge in whale activity, which has since caused quite a stir in the entire crypto community. Bitcoin Experiences Surge In Whale Transactions According to Whale Alert, Bitcoin has been displaying a surge in whale transactions over the past 24 hours. The crypto tracker recently…
Cryptocurrency analyst Miles Deutscher has provided insights into potential altcoin opportunities as the crypto market experiences a sharp correction and many altcoins consolidate after recent gains. Deutscher’s analysis focuses on several altcoins that he believes could be poised for significant upside movement. BTC, AVAX, And INJ Stand Out Amid Market Correction Bitcoin (BTC), although not…
Bitcoin price struggled to start a fresh increase above the $42,300 resistance zone. BTC is declining and is now at a risk of more downsides below $40,000. Bitcoin failed to start a fresh increase above the $42,000 resistance zone. The price is trading below $42,500 and the 100 hourly Simple moving average. There is a…
Jim Cramer, the host of CNBC’s Mad Money show, has come to be known in Bitcoin circles for his constantly wrong predictions about the asset. Cramer has, at various points, called for investors to sell their Bitcoin but with the crypto’s price continuing to go up after his calls, here’s how much Bitcoin has gained…
A crypto expert has explained why a Bitcoin pullback (possibly to around $40,000) isn’t a bad thing. This comes as there is a growing concern that the flagship cryptocurrency could soon lose all the gains it has achieved in recent times. A Bitcoin Correction Is Necessary In a post on his X (formerly Twitter) platform,…
Bitcoin price dived again and retested the $40,000 support zone. BTC is rising, but it must clear $42,350 to move into a positive zone. Bitcoin is attempting a fresh increase from the $40,000 support zone. The price is trading below $43,600 and the 100 hourly Simple moving average. There was a break above a connecting…
Earlier today, Bitcoin (BTC) flash crashed to as low as $40,400 before rebounding to spot levels. This sudden drop triggered what Mike Alfred, a crypto value investor, said was a “textbook washout” necessary to liquidate speculators. The drop and bounce, Alfred further explained, has “wiped out open interest and is exactly what you want to see” before…
Bitcoin is currently witnessing a decline in price, with its value dropping below the $42,000 mark. This movement comes on the heels of a significant uptick in the circulating supply of profitable Bitcoin, prompting a wave of profit-taking among investors. ETC Group’s Head of Research, André Dragosch, highlights this trend, noting an increase in Bitcoin…