Bitcoin hodlers targeting $100K is what's preventing 40% price drawdown, data...
Long-term holders are in command amid a lack of speculators — and they're showing little interest in selling. Bitcoin (BTC) dropping to $25,000 or lower is unlikely thanks to hodlers hoping for all-time highs, not speculative traders, new research says.In a series of tweets on April 19, popular analyst Root argued that there is “no real reason” for a dramatic Bitcoin sell-off.No major selling from "maturing" hodlersBitcoin has yet to wow the market with its all-time highs this halving cycle, and this has contributed to a loss of faith among some investors.At the same time, on-chain....
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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 […]
On-chain data shows the Bitcoin long-term holders locked in a significant amount of gain around the time of the latest price plunge. Bitcoin HODLer Whales Have Shown Profit-Taking Spree Recently As explained by analyst Ali Martinez in a new post on X, long-term holder whales have participated in some profit-taking recently. “Long-term holders” (LTHs) refer to the Bitcoin investors who have been holding onto their coins since more than 155 days ago. Related Reading: Bitcoin Whales Sell 147,000 BTC Since August, Fastest Selloff Of Cycle This cohort is considered to represent the....
Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.”
The Probability of Bitcoin Hitting $100K — ‘Don’t Rule It Out’
Many bitcoin speculators and investors believe the road to $100K is not only probable, but guaranteed. Bitcoin.com News has covered numerous individuals, experts, analysts, and advisors this year....
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 […]
Billionaire and crypto-asset supporter, Mark Cuban has identified bitcoin hodlers’ endurance as a model that stock investors can follow. According to the billionaire, after acquiring the asset at high prices back in 2017, the hodlers “held on because they believed in the asset.” Following in the Footsteps of BTC Hodlers These long term hodlers were unmoved even when the crypto asset lost more than two-thirds of its value after the 2017/18 bull run ended. Cuban’s remarks about BTC hodlers were in response to a request for advice to stock traders that incurred losses....