Bitcoin sets new 2022 lows as analyst says trip to $24K realized price ‘entir...
Below $30,000 is now traders’ preferred prognosis for Bitcoin price action with no let-up in the sell-off this week. Bitcoin (BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price sinks under $36,700Data from Cointelegraph Markets Pro and TradingView confirmed the firmly bearish achievement for BTC/USD, which hit $32,637 on Bitstamp.With the latest installment of a string of losses in May, the pair continued to trade under $33,000 at the time of writing,....
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Active addresses did not mimic previous successful price breakout this month, one analyst says, while seemingly realized price returns as resistance. Bitcoin (BTC) is staging a repeat of price action from May with its latest drop, the latest data shows.As the dust settles on a 6% comedown for BTC/USD, analysis argues that its trip to $25,000 was never meant to last.Realized price comes back to haunt the BTC chartAfter taking some by surprise with its magnitude, the latest snap losses for BTC price action are still playing out.After falling from $23,800 to as low as $21,400 in a single....
On-chain data shows Solana is hovering around its Realized Price right now, a level that has historically served as the boundary for major trend shifts. Solana Has Plunged To The Realized Price Recently In a new post on X, CryptoVizArt.₿, senior analyst at the on-chain analytics firm Glassnode, has discussed about the Realized Price of Solana. The “Realized Price” refers to an indicator that, in short, keeps track of the cost basis of the average investor or address on a given cryptocurrency network. Related Reading: Don’t Call Bitcoin Bottom Just Yet, CryptoQuant Head Says:....
On-chain data shows the Bitcoin price has now once again dipped below the realized price, suggesting the bear market may not be over afterall. Bitcoin Earlier Broke Above Realized Price, But Has Now Fallen Back Again As pointed out by an analyst in a CryptoQuant post, the BTC price has re-entered into the historic bear […]
An analyst has explained how an important Bitcoin indicator is back to levels that may be considered healthy for a bull-market uptrend. Bitcoin Short-Term Holder Realized Price No Longer Growing Too Fast In a new post on X, analyst James Van Straten has talked about the 7-day rate of change in the Realized Price of […]
Following the Terra LUNA network collapse back in 2022, the price of Ethereum followed the general market downtrend. As a result of this, the ETH price had fallen to a new cycle low of $900, before recovering once more. However, now that the altcoin is still deep in the throes of the bear market, questions have arisen once more about the chances of the price returning to its 2022 lows. Crypto Analyst Says Ethereum Could Drop To $900 In an analysis posted on TradingView, crypto analyst FieryTrading presents a scenario in which the price of Ethereum could fall back toward its 2022 lows. The....