Don’t expect retail sell-off to crash Bitcoin price — Analyst
High-volume candles associated with Bitcoin price dips already occurred on derivatives exchanges this time round, Willy Woo notes. Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry's best-known analysts suggests.In a Twitter discussion on Dec. 20, Willy Woo, creator of on-chain data resource Woobull, said that popular retail exchanges will not spark a further BTC price rout.U.S. retail stays calm throughout the routWoo was debating the odds of fresh downside with veteran trader Peter Brandt, a commentator revered for calling....
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The Bitcoin price has suffered a significant crash, falling from above the psychological $70,000 this week. Crypto pundit Nobler cited why the leading crypto was crashing, while analyst Chiefy revealed what to expect next from BTC. Why The Bitcoin Price Is Crashing In an X post, Nobler revealed that the USDT issuer Tether was liquidating some of its BTC holdings, which was contributing to the Bitcoin price crash. He noted that this was the first time they had sold directly from their BTC reserve wallet. The pundit added that things were not looking good for crypto. Related Reading:....
Recent technical analysis has revealed that the XRP price is consolidating after breaking key resistance levels to new highs. A crypto analyst has warned of an impending XRP price crash, urging investors not to get distracted as the RSI is still significantly above 50%. Discussing his predictions through short and long-term XRP price charts, the analyst shows that the cryptocurrency is firmly positioned in a bullish trend despite impending corrections. XRP Price RSI Hints At Potential Crash On the 4-hour XRP chart, a double tap structure is highlighted in the Relative Strength Index....
Crypto analyst TARA has predicted that the XRP price could still crash below the psychological $1 level. This came as she drew the altcoin’s correlation to Bitcoin’s price action, while highlighting how a BTC crash could also push XRP to as low as $0.87. XRP Price Could Drop To $0.87 If Bitcoin’s Crash Deepens In an X post, TARA stated that a Bitcoin crash to $52,200 would bring the XRP price down to its .786 support at $0.87. She noted that this level is also the .618 extension and the gap that was left by the October 10 liquidation event. The analyst made these comments while noting what....
Crypto analyst Stockmoney has assured that Bitcoin’s rally isn’t over despite the recent price crash to $112,000. The analyst explained how the cycle works, indicating that the crash is simply part of a broader move to the upside. Bitcoin Rally Not Yet Done Despite Crash To $112,000 In an X post, Stockmoney stated that Bitcoin is not yet done, even amid the mass liquidation events. He indicated that the mass liquidation events were all part of the plan and not something that should catch market participants unaware. The analyst went on to explain how the BTC cycle playbook works. Related....
XRP has bounced with the rest of the crypto market, but that rebound is exactly what analyst CasiTrades is warning traders not to misread. The cryptocurreny has just come off a little bounce above $1.35, but technical analysis shows that the setup can be more dangerous than it looks. CasiTrades’ rationale is that this is […]