Why The 42% Crash From ATH Is Actually Good For Bitcoin And The Crypto Market
Bitcoin is moving through another major reset following its 42% crash from its all-time high. However, what appears to be a sharp decline may actually be laying the foundation for the next phase of growth. A crypto expert believes the pullback is revealing underlying strength, pointing to a structure that remains intact despite short-term pressure. Bitcoin Cycles Show Why Crypto Market Crashes Can Be Healthy The recent decline in the total crypto market cap, which pushed it down by about 46% from its $4.22 trillion peak, reflects a pattern that has often appeared before major rallies.....
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What’s a good reason to buy Bitcoin? Well, the fact that it’s not going to crash is a good one. Looking at the charts can tell you a lot about what you need to know about a coin. Bitcoin is over a decade old by now. This means that there is now a bit of […]
The crypto market has been through a rollercoaster of a weekend. It follows on the back of bitcoin listing its footing above the $40,000 level last week, although the digital asset has done a good job holding above the $36,000 support level. However, it seems that the end of this bear trend may not be near given some recent chart action happening in the stock market. If this prediction comes to fruition, then the market may see more value shaved off its market cap soon. A Dot Com-Like Crash? Peter Brandt has recently posted a concerning chart that shows eerie similarities to the dot com....
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....