There exists a Wall Street Cheat Sheet that depicts the natural psychology that investors go through during a market cycle, and frighteningly, Bitcoin and the rest of the crypto market appear to be following this course nearly exactly after the latest collapse.Is the crypto market entering the anxiety phase, with real panic, capitulation, anger, and…
Yesterday, the cryptocurrency market was a complete bloodbath, bringing Bitcoin to under $4,000 briefly before a rebound occurred.Despite the carnage, according to the asset’s most serious valuation models, the price action wasn’t anything radical and the first-ever cryptocurrency is still tracking along healthy as can be.Bitcoin Bloodbath Wasn’t Enough to Break Serious Valuation ModelsThe leading…
Today has been a bloodbath for Ethereum (ETH) and the aggregated cryptocurrency market, with Bitcoin’s overnight drop below $7,700 catalyzing a massive selloff that has led virtually all digital assets to plummet 20% or more.Ethereum is now nearing a critical support level that bulls must defend if they want to guard against further losses, as…
Bitcoin did the unthinkable early this morning and lost support at $7,500, causing the cryptocurrency to plunge to $5,800 in a 30-minute long hell candle.The sell0ff driven by growing coronavirus and recession fears, has led to the highest level of Bitcoin trading volume on Binance ever recorded. This could indicate that the latest move may…
When a crisis hits, investors move their capital into safe-haven assets like gold and silver. Bitcoin shares similar attributes as these precious metals, and a growing narrative suggesting it too will become a safe haven asset like gold has followed the asset over the last two years.However, growing fears and concerns over the coronavirus reaching…
Bitcoin (BTC) saw an unprecedented selloff today that led it to plummet to fresh yearly lows of $5,200, which is where it was able to find some support that has since led its price to rebound back up to the $6,000 region.This intense selloff was extraordinary and has sparked extreme fear amongst cryptocurrency investors, although…
Everything is moving far faster than anyone expected; Bitcoin, after managing to register a daily close above the crucial $7,700 level, started faltering under that level just minutes ago, falling as low as $7,575 as the crash continues.The drop in the leading cryptocurrency, which comes after a temporary relief rally to $7,950, comes as the…
Bitcoin (BTC) investors are heavily accumulating the cryptocurrency despite its ongoing downtrend, which could be a positive sign for the benchmark crypto’s macro outlook.This growth is elucidated while looking at the number of investors who hold over 1 BTC – commonly referred to as “wholecoiners” – which has been skyrocketing over the past several weeks.This…
According to technical analysis, the firm bull market that Bitcoin has found itself caught within throughout January and February has officially come to a close, as the benchmark crypto has now declined below a critical support level that was an integral part of its bullish market structure.One well-respected crypto-focused economist is now noting that the…
Bitcoin has been in a death spiral for the last two weeks, as concerns over the coronavirus continue to peak. The leading cryptocurrency by market cap has plummeted by over 20% in just two week’s time.But after such a violent decline in such a short period of time, last night’s daily close may have given…