After The Bitcoin Crash: Will It Rise Or Drop Again? 5 Key Indicators
In the aftermath of yesterday’s Bitcoin crash, market participants are closely examining whether the leading cryptocurrency by market capitalization can rebound or if it faces the prospect of another decline. In a post shared on X today, February 4, on-chain analysis data provider Lookonchain offered insights into five critical indicators that may help traders and investors assess Bitcoin’s current position. “The price of Bitcoin experienced a major crash yesterday! Will it continue to rise or fall from the top? Let’s use 5 indicators to see if BTC is at its peak now,” Lookonchain writes.....
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Cardano (ADA) has not been left out of the massive flash crash that just occurred throughout the market. What seemed to be a good day for bitcoin as El Salvador’s “Bitcoin Day” began has now turned to nothing short of a nightmarish market opening. The crash saw bitcoin drop $6K in only a matter of hours. While the general altcoin markets have recorded crashes as high as over 20% in the same timeframe. With altcoins following bitcoin closely, the price of the ADA shows similar movement patterns to BTC following the flash crash. The number 1 crypto coin fell to the mid-$40K, taking the whole....
Bitcoin is currently experiencing a downward correction after the price moved past $50K on Monday. While corrections down are to be expected with such a rally, indicators point to this being a bearish scenario for bitcoin. The price looks set to drop further after this correction. This would most likely see bitcoin lost a good percentage of the gains it had made last week. Related Reading | South African Man Loses $900,000 Worth Of Bitcoin After Accidentally Deleting Keys Even though bearish scenarios look negative for the market at large, this scenario is most likely going to play....
In a tweet on June 20, the 41-year-old Internet entrepreneur Kim Dotcom advised his followers to invest in either Bitcoin or gold, claiming that values will rise once Greece prompts the global market to crash again. Dotcom is not stranger to controversy. He is best known for his now closed file storage and viewing service Megaupload. Formerly known as Kim Schmitz, he recently won a court decision preventing the U.S. government from seizing his property. Dotcom has been advocating on social media for the use of digital currency for quite some time now. As with most of his tweets, this one....
Ever since Bitcoin came to be, cryptos have been on a steady rise. Even the market crash couldn’t let the air out of Bitcoin’s lungs, and as prices drop, interest in the space is still high. So what does this mean for gambling? Simply put, it means that gambling with Bitcoin is here to stay. […]
Some analysts raised their concerns that Bitcoin might experience a possible crash which will be driven by the Chicago Mercantile Exchange (CME) gap leading to a huge drop in its price. Since Bitcoin needs to fill in the gap, crypto traders predict it might push the firstborn cryptocurrency near the critical CME gap, suggesting that its price could go as low as $77,000 per coin. Related Reading: Is Bitcoin Ending 2024 On A High Note? Analysts Say This Level Is Key Bitcoin Could Slide To $77,000 Crypto analyst Egrag Crypto suggested that the massive corrections that Bitcoin has been....