Bitcoinprice continues to sell-off and the knock-on effect is an even sharper correction in altcoins and decentralized finance (DeFi) tokens. At the time of writing, BTC price sunk to itslowest level in six monthsand most analysts are not optimistic about an immediate turnaround. ...
Bitcoin price, which had moved sideways for the last couple of weeks, crashed to its lowest level this year. The cryptocurrency shed approximately 13% of its value in less than five hours, bottoming out at $5523 yesterday morning before recovering. Its overall valuation also fell below $100 b...
Over a period of six months, BTC formed a lower high and lower low pattern, which saw the price drop from a high of $73,881 to a low of $49,000. However, the lowest candle close was around $54,839. BTC/USDT 1 week chart. Source: TradingView The worst-case scenario for Bitcoin...
Another reason for Bitcoin's price appreciation is its growing adoption as a payment method. Recently, PayPal (PYPL) announced that it would soon allow its users and merchants to buy, sell, hold, and accept Bitcoin and other cryptocurrencies as a form of payment. This news pushed Bitcoin's ...
This is a special number, because if bitcoin reaches this price level, its market capitalization will be equal to gold’s market valuation. Jeet Signh An important portfolio manager that worked for more than six years in the cryptocurrency world, predicted this year that Bitcoin could reach $...
Williamson%R (14):The Williams %R for Bitcoin is -9.05, indicating a bearish trend. This suggests downward momentum, with potential sell or short opportunities as prices continue to fall. Momentum:The momentum for Bitcoin is above zero, suggesting a bullish trend. The price is rising, and the...
Related Reading |Start Of Bear Period? Current Bitcoin Trend Looks Similar To June Incidentally, the day in July when such low values occurred was also around when the Bitcoin price bottomed out. However, the quant in the post notes that this doesn’t necessarily mean that the current price ...
Currently, bitcoin “is looking to form a local bottom between the $20-$22k range, with a potential bounce towards $26k, however, the likely scenario is that price will further fall below towards $14-$17k range where a cyclical bottom can potentially form,” Abdul...
Bitcoin dropped to a six-month low on Saturday, extending a steep fall recorded in the previous session as the cryptocurrency market was swept up in a powerful shift by investors out of speculative assets. The price of the biggest digital token by market value fell 4.3 percent in the European...
Bitcoin's current "no man's land" price behavior has commentators split on whether the next decisive move will be up or down. While some are calling for $32,000 or more next, many argue that last week's trip to $23,800 was not the lowest that BTC/USD will manage going forward...