Bitcoin Consolidation Phase: Why Chop Is A Normal Aftermath Of Extreme Volati...
Following a period of intense volatility and a significant price movement, Bitcoin’s market is now experiencing a predictable consolidation phase, characterized by what traders call intraday chop. This is not a sign of weakness but rather a natural and often necessary stage in any market cycle. A Necessary Foundation For The Next Move In an X post, a dedicated crypto enthusiast, Uniswap Gems, provided a clear-eyed view of Bitcoin’s current price action, stating that the market is in a predictable phase of intraday chop after a period of extreme volatility. Related Reading:....
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Bitcoin has yet to break above any key resistance levels over the past couple of weeks, with the resistance at $16,000 holding strong The selling pressure here has proven to be significant and has stopped the cryptocurrency’s immense uptrend right in its tracks Where the entire market trends next will likely depend on how Bitcoin trades as it nears this crucial level One prominent trader is stating that he expects Bitcoin to see further chop […]
When you think of bitcoin and extreme sports, you may not necessarily put the two together. And yet, for many in the extreme-sports world, the digital currency provides the perfect avenue for funding and exposure. Take motorcycle racing and paragliding. Two completely different sports, but they have one thing in common: bitcoin. Paraglider Rhys Fisher is not your normal 9-to-5 kind of guy. U.K.-born, the 26-year-old professional pilot is blazing an uncommon trail and attempting to demonstrate that bitcoin is a viable solution for extreme sports. Brought up amongst the vineyards of....
As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections in the past, but will the trend be similar this time? Bitcoin Fear And Greed Index Starts Pointing At Extreme Greed As per the latest weekly report from Arcane Research, the fear and greed index is now pointing at extreme greed as BTC makes a new ATH. The fear and greed index is a Bitcoin indicator that shows what the current crypto market sentiment is. The metric uses a numeric scale that ranges from zero to hundred to display the....
The crypto market is in full fledged fear for the longest phase in more than a year, coinciding with a massive Bitcoin drop of more than 50%. The once trending cryptocurrency has yet to recover, leaving the market and participants in a state of extreme fear. But past data shows, fear is often a good […]
Dash Price Key Highlights. Dash price continued to trade in a tiny range with a monster support around 0.0116BTC. Sellers are struggling to clear 0.0116BTC, which poses a threat of a bounce. As mentioned yesterday, buyers need to break the 100 simple moving average to take the price higher. There was an upside reaction in Dash price yesterday, but buyers failed to maintain gains as the price moved back lower. Consolidation Phase. Looking at the current price action, it looks like the price is under a major consolidation phase, as both buyers and sellers struggling to take the price in one....