The Crucial Silver Lining to Bitcoin’s Recent $1,000 Drawdown
Bitcoin has faced a strong correction over the past few days after peaking at $11,200 last week. At the recent lows, BTC traded for $10,200, meaning it had dropped over $1,000 from those highs. The coin now trades at $10,500 as of this article’s writing, technically in no man’s land. A trader thinks that the prevailing trend is still bullish because the cryptocurrency held a pivotal support level during the drop. Other signs also show […]
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An analyst on social media platform X has highlighted a crucial support level for PEPE, as the meme coin faces a significant drawdown from its recent highs. Based on historical price trends, the analyst noted that PEPE has consistently experienced an average drawdown of approximately 64% following each local peak. The ongoing correction has placed […]
Bitcoin has undergone a strong rejection over the past two days. The coin dropped from the $11,200 highs it was trading at just days ago to a recent low around $10,200 on Coinbase. BTC now trades for $10,450, having slightly bounced in tandem with other legacy markets. Bitcoin’s Monday drawdown came as the S&P 500 fell over 2.5% during the session lows and as the U.S. dollar jumped. Despite uncertainity about BTC’s price action in […]
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Jeffrey Tucker, via Wikimedia Commons. It is no secret that the cryptocurrency industry is fraught with scams. Some of the more high-profile bitcoin scams-such as Mt. Gox-receive mainstream press coverage and reinforce the misguided stereotype that criminals are bitcoin's primary user group. Many in the Bitcoin community are understandably worried by this. However, Austrian economist Jeffrey Tucker sees a silver lining Tucker says the proliferation of bitcoin scams is actually a "bullish sign" for the bitcoin industry because scams tend to coalesce around budding industries with explosive....
Technical expert Tony Severino has revealed why he is no longer bullish on BTC and other crypto assets amid the recent Bitcoin price drawdown. The analyst had also earlier raised the possibility of the flagship crypto dropping to as low as $22,000. Expert Reveals Why He Is No Longer Bullish Amid Bitcoin Price Drawdown In […]