Bitcoin can still drop to $20K but holding remains winning strategy, data shows
A majority of Bitcoin investors that held the cryptocurrency during its turbulent periods stand profitable. Unloading Bitcoin (BTC) spot positions when it starts crashing violently upon forming its all-time highs is a bad investment call, at least according to its historical price action.The flagship cryptocurrency's eleven-year lifetime has seen it undergoing many bullish and bearish cycles. The BTC/USD exchange rate typically rises parabolically. It later trims more than half of those gains down as profitable traders sell the top. But, at the same time, traders who buy bitcoin around its....
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Bearish signals are growing in the crypto markets as tighter regulations and environmental concerns cast a dark shadow over Bitcoin. Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBearish signals grow as Bitcoin price drops to $35,000 and traders ignore the dipBitcoin is struggling right now. The cryptocurrency has struggled to keep its head above $40,000....
Various on-chain data shows that Bitcoin whales are holding onto their funds and have little interest in selling in the short term. The price of Bitcoin (BTC) is experiencing a volatile time. After achieving $14,100 for the first time since 2017, a sharp pullback followed. Yet, key on-chain data and whale clusters show that high-net-worth individual investors are holding onto their positions.This trend shows that whales are not expecting a major pullback in the near term. A low level of activity from whales is a positive metric following a large uptrend. It shows that whales are not....
Bitcoin price failed to clear the key $40,000 resistance zone against the US Dollar. BTC is correcting gains and it remains at a risk of more losses towards $36,000 or $34,000. Bitcoin is struggling to clear the $40,000 and $40,500 resistance levels. The price is currently holding the $37,000 support and the 100 hourly simple […]
XRP price shows the market how to run the show as the price remains bullish with good volume and strength. XRP trades above support as the price aims to continue its trend movement as the price keeps holding above 8 and 20-day EMA. The price of XRP eyes a rally to $1 as key resistance was flipped into support with more buy orders. The price of Ripple (XRP) has continued to show its strength as price trends with a key breakout from a downtrend range against tether (USDT). With the crypto market cap bouncing from its weekly low as the market continued to look promising, the price of Ripple....
Lack of hedging demand for long-term put options shows institutions remain unconcerned by Monday's price drop.