Calls for Bitcoin Breakdown Grows amid Global De-Risking Sentiment
Bitcoin prices jumped during the European trading session on Monday even though traders assessed the potential of its massive declines against a stronger US dollar. The flagship cryptocurrency topped at $31,935, up 5 percent ahead of the New York opening bell. Traders flocked back into the BTC/USD markets after the pair breached $30,000-support on Wednesday. […]
Related News
Bitcoin advanced Tuesday after falling 8.5 percent in the previous session, displaying bullish continuation signs amid global re-risking sentiment.
It feels like a case of "too much too soon" for many, but only a shallow retracement is expected. Bitcoin (BTC) sentiment is seeing its first significant test of the rally to year-to-date highs as bullish gains dry up.The start of Wall Street trading on March 30 failed to induce a fresh advance on BTC/USD, which threatened to lose support at $47,000. From "extreme fear" to "greed" in one weekAfter gaining nearly 30% since March 14, Bitcoin has managed to cling to its yearly opening price as support, this previously marking the resistance ceiling of its trading range for throughout 2022.....
Bitcoin is now trading in the low $40,000 range after a swift and sharp sentiment change. With the top cryptocurrency on the ropes currently, a massive breakdown in the stock market could be the fatal blow that puts the final nail in the bull market coffin. Here’s how turning stock market sentiment, a change in […]
Bitcoin has exploded higher over the past few weeks amid mass institutional and retail buying pressure. There are some that are calling for a correction, though. A historically accurate analyst recently said that Bitcoin may soon be sent to “$15,500-16,000.” Another analyst agreed with this sentiment, noting that BTC is breaking below a parabolic uptrend. Bitcoin Could Be Preparing For a Correction, Analysts Say Bitcoin has exploded higher over the past few weeks amid mass […]
Amid one of the worst crypto winters, polls and research indicate that crypto enthusiasm is still high. Public opinion about cryptocurrencies like Bitcoin continues to trend positively. Polls from The Ascent, made in May 2022, suggest crypto could become a significant political force moving forward. Analysis from a StarkWave survey in March 2022 found that 53% of American respondents believe crypto will be ‘the future of finance.’ Within the 25-34 age range, this figure swelled to 68%. A late September report from VC firm Haun Ventures found somewhat similar sentiment even amid bear....