2 Bitcoin price indicators suggest BTC has not bottomed yet

2 Bitcoin price indicators suggest BTC has not bottomed yet

Traders are using a variety of strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Traders are using various strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious.Has Bitcoin price bottomed yet? According to @noshitcoins, derivatives and on-chain data signal that further downside could be in store.Traders have been trying to time the much-anticipated trend reversal ever since Bitcoin (BTC) initiated its....


Related News

Key Bitcoin price metrics say BTC bottomed, but traders still fear a drop to ...

On-chain and technical analysis indicators suggest BTC price may have bottomed, but several traders are still wary that BTC price could fall as low as $10,000 in the short-term. The crypto market is currently going through a period of heightened volatility as global economic conditions continue to worsen amid a backdrop of rising inflation and interest rates. As the headwinds impacting global financial markets beat down all traces of bullish sentiment, many crypto investors are predicting that Bitcoin (BTC) price could drop to as low as $10,000 before a market bottom is found. BTC/USDT....

Indicators Suggest Biggest Bitcoin Buy Signal Since April 2020

As the bull rally continues, some Bitcoin technical indicators may suggest the biggest BTC buy signal since April 2020 is here. Bitcoin Closes Above 21 Week MA And 200 Day MA As pointed out by a CryptoQuant post, the cryptocurrency has made a weekly close above the 21-week and 200-day moving averages (MAs). The Bitcoin moving average is a method used to smooth out the price data by taking the average price over a specific period of time. For the 21-week MA, data from the past 21 weeks is used, while for the 200-day MA, prices from the last 200 days are used. This method “smooths....

Technical Indicators Say Bitcoin Price Will Rise — but When?

The most recent balance between bid and ask prices is over, setting the bitcoin price on an upward path to $820, where another congestion area may be observed. Aside from the market determined by the biggest traders, which can be seen through volume indicators during the previous two sideways lateral movements, natural demand supremacy allows prices to leave the $580-$600 support area. Now, the new technical objective is the $820 level without intermediate resistances, in a bull pattern that could be a fast rally to place the quotes into a new formation that would drive the action even....

3 developments signal that Verasity (VRA) price may have bottomed

Attractive staking offers, a patented approach to combating NFT fraud and an active user base all suggest that VRA price has bottomed following its May lows. The marketwide sell-off on May 19 triggered a 55% decline in the price of Bitcoin (BTC), and altcoins were hit even harder, with some tokens seeing declines of up to 90%.One project whose native token price appears to have bottomed out after an 87% decline from its all-time high is Verasity, an e-sports-focused blockchain protocol focused on increasing engagement and advertising revenues for video publishers.Data from Cointelegraph....

What Are On-Chain Cycle Indicators Telling Us About The Bitcoin Market?

Looking at current bitcoin market values over historical percentiles to show when the market is bottomed, topped or neutral.