Bulls hesitate to buy the dip after Bitcoin price falls close to $35K
Bitcoin’s drop to $35,130 has bulls hesitant to buy the current dip but on-chain data shows long-term holders continue to accumulate. On June 18, Bitcoin (BTC) and traditional markets faced another day of downward pressure comments from the United States Federal Reserve about the possibility of raising interest rates sooner than expected has led to a spike in the price of the U.S. dollar at the expense of risk assets and treasury notes. The Fed doesn’t deserve all the bla, however, as concerns about a further downturn for BTC have been building for weeks with much of the discussion focused....
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Bitcoin has lost its footing at $37,000 and has now slipped into the $36,000 territory, sending the market into another frenzy of fear. It comes on the back of widespread speculations that the digital asset had indeed hit its bottom. But with the current trend, the digital asset may end up sliding down further. To this end, Fundstrat analyst Mark Newton has laid out the possibilities for bitcoin if it declines further than $35,511. What Happens Below $35,511 Technical analyst Mark Newton has put forward a bullish outlook for bitcoin if it falls below this point. He told Bloomberg that a....
Bitcoin price is trading at around $48,500 after last night’s August monthly candle close at around $47,150. Each monthly close is especially memorable, but bulls have a chance to make this September a month to remember. Past data from the month’s price action says that September has been historically bad for bulls, and in favor […]
Solana over the last 24 hours registered a loss of 7% and fell below the $35.50 price mark. The bears have mauled the cryptocurrency market and overall altcoins have fallen on their charts. Solana also is under the bearish price action despite registering minor gains on the hourly chart. Despite the gain, bears will try to hinder the price movement as technical outlook painted a negative picture. Bitcoin continues to remain close to the $20,000 mark while other market movers also keep struggling at the time of writing. The altcoin is dangerously close to the support line of $35. The bulls....
Ethereum has seen some intensely bullish price action throughout the past couple of days, with bulls sparking a massive upside movement as the cryptocurrency rallies against BTC Where it trends in the short-term should depend largely on whether or not bulls can close a high time frame candle around its current price levels This would […]