Buy the dip, or wait for max pain? Analysts debate whether Bitcoin price has ...
BTC is flashing a few early bottoming signals, but analysts question whether “buying the dip” is a wise maneuver given the strength of the dollar and other factors. It has been a rough week for the cryptocurrency market, primarily because of the Terra ecosystem collapse and its knock-on effect on Bitcoin (BTC), Ethereum (ETH) and altcoin prices, plus the panic selling that took place after stablecoins lost their peg to the U.S. dollar.The bearish headwinds for the crypto market have been building since late 2021 as the U.S. dollar gained strength and the United States Federal Reserve....
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Bitcoin price action is currently confusing crypto traders and analysts and the reaction after reaching a new all-time is not what anyone expected. The leading cryptocurrency by market cap was thought to explode once a new high was made, but instead, another up to six months of sideways could bring max pain to eager investors […]
Historical data calculates Bitcoin's next 10X price surge only in two years' time, but analyst Peter Brandt is not convinced. Bitcoin (BTC) may track sideways for another two years before reigniting its bull run, new data argues.In a tweet on April 6, veteran trader Peter Brandt highlighted historical patterns suggesting that hodlers will have to wait until 2024 for their next moonshot.8 months down, 25 to go?Bitcoin has surprised analysts with its performance over the past year, as the highly anticipated "blow-off" top in Q4 2021 was much lower than expected.After BTC/USD lost over 50% of....
Bitcoin (BTC) is once again moving within a narrow band, with price swings contained despite shifting macro signals and fresh debate over whether the cryptocurrency’s long-observed four-year cycle still applies. Related Reading: Upcoming Crypto Market Structure Bill Markup Likely Pushed To Post-Holiday As traders react to mixed Federal Reserve messaging, institutional flows, and rising caution […]
With a strong correlation between stocks and the bitcoin price in recent months, analysts say a stimulus package could boost BTC as well.
XRP holders could be facing another prolonged stretch of downside pressure as the cryptocurrency continues to lose ground in a weakening market. XRP’s performance this period has been underwhelming enough that analysts have seemingly given up hope of the price challenging higher resistance levels in the near term. They revealed that XRP has slipped below key support zones, leaving few technical barriers to slow further declines. XRP Faces Further Decline As All Support Fails A crypto market analyst who goes by the name ‘Guy on the Earth’ on X has shared a rather bleak outlook on XRP’s....