Bitcoin has shown a slight recovery following a significant sell-off this week that drove the price down toward $80,000, raising concerns that a nightmare scenario of a bitcoin price crash could be imminent. The recent sell-off in bitcoin prices, following its remarkable ascent to a record high of $126,000 per bitcoin just last month, has … Read more
Bitcoin price is exhibiting unmistakable signs of weakness, and the recent drop back below six figures has necessitated a reevaluation of the near-term outlook. With several critical technical and on-chain levels now breached, I have adjusted my base case, indicating that the likelihood of revisiting new all-time highs in the upcoming weeks has dropped below … Read more
Richard Teng noted that the notable drop in bitcoin over the past month resulted from investors reducing their cryptocurrency holdings and showing risk aversion akin to patterns seen in most major asset classes. The leading cryptocurrency by market capitalization has experienced a decline of 21.2 percent in November, bringing its total losses over the last … Read more
Bitcoin has recently fallen below key cost-basis models, indicating a decline in spot demand and ETF flows, according to the latest report. This shift reflects a wider market trend as derivatives markets exhibit signs of heightened caution, characterized by declining open interest and cycle-low funding rates. The cryptocurrency giant, Bitcoin, has faced challenges in sustaining … Read more
The crypto markets are experiencing a pullback today, with Bitcoin’s price lingering around a seven-month low, while prominent crypto stocks are witnessing significant drops. Bitcoin is presently valued at $89,090, reflecting a 4% decline in the last 24 hours, accompanied by a trading volume of $71 billion during that period. The cryptocurrency currently sits 4% … Read more
Bitcoin has encountered a significant decline in the current cycle, falling 25% from its peak to trade below $94,000, according to the data. The cryptocurrency’s momentum is presently declining in the short term, yet signs indicate that the market could be entering a consolidation phase rather than experiencing a lengthy downturn. BTC is currently positioned … Read more
Bitcoin prices experienced a significant decline, continuing a trend of recent losses and hitting their lowest level in more than six months. The leading digital currency experienced a drop to $90,128.00 throughout the day, as per reports. Currently, the cryptocurrency is trading at its lowest point since around April 21, according to additional figures. In … Read more
Bitcoin is navigating a pivotal moment, with technical indicators delivering a blend of signals for the leading cryptocurrency in the market. At the current price of $95,376, our in-depth Bitcoin technical analysis uncovers potential opportunities and risks on the horizon. Leading analysts have reached a consensus on the latest BTC price prediction, revealing a notable … Read more
Bitcoin price dropped to new six-month lows, decisively falling below the key $100,000 threshold and exacerbating a sell-off that has erased nearly a quarter of its value in just over a month. By midday, the bitcoin price was hovering between $94,000 and $97,000, marking its lowest point since early May and a significant drop from … Read more
On Thursday, November 13, Bitcoin prices took a hit, dropping below the $100,000 mark and hitting their lowest point in more than six months. The world’s largest digital currency by total market value fell to $96,682.00 late in the day, as per reports. The cryptocurrency is currently down approximately 23% from its all-time high of … Read more