Crypto Market Setting Up For “Squeeze Of Historic Proportions”, Will BTC Pric...
Bitcoin is showing weakness as BTC price trades in a tight range, the number one crypto by market cap saw a small uptick in volatility during today’s trading session. However, the price action was smothered by poor performance in traditional equities. Related Reading: CAKE Sets Sights For $5 After More Than 7 Million Tokens Are Sent To A Fiery Death At the time of writing, BTC price trades at $19,00 with a 4% loss in the last 24 hours and a 3% loss over the past week. As Bitcoin trends lower into support, the momentum indicator follows suggesting there is little conviction to resume....
Related News
Avalanche (AVAX) price continues to hold key support against tether (USDT) as price finds itself amid death or survival. The crypto market has become promising as most altcoins appear bullish coming out of their shells, but the likes of Avalanche (AVAX) price continue in their struggle to survive. (Data from Binance) Related Reading: Crypto Market Setting Up For “Squeeze Of Historic Proportions”, Will BTC Price Get In The Way? Avalanche (AVAX) Price Analysis On The Weekly Chart The price of AVAX has had a tough time replicating the move from a weekly low of $16 to a high of $30 as the....
Today marks the 33rd anniversary of the Black Monday on Wall Street that sent stocks setting historic records for intraday declines. Although this year already had a similar day of its own, there’s reason to believe that another collapse could happen in Bitcoin. Here are the primary factors behind what could cause the crypto market to drop on the ominous anniversary. Will Bitcoin Bow To Black Monday Anniversary? Black Thursday is a day that crypto […]
Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history. Several factors have contributed to making the current crypto bear market the worst ever recorded as most Bitcoin (BTC) traders are underwater and continue to sell at a loss, according to Glassnode.Blockchain analysis firm Glassnode’s Saturday report titled “A Bear of Historic Proportions” outlines how Bitcoin’s current dip below the 200-day moving average (MA), negative deviation from realized price and net realized losses have conspired to make 2022 the worst in....
Dash Price Key Highlights. Dash price continued to find buyers around a major support area at 0.0125BTC. Price remains at risk of a break as forecasted in one of the recent analyses. A new triangle pattern is formed, which may act as a catalyst for the next move. Dash price looks like consolidating above 0.0.125BTC and setting up for the next wave in the near term. What's after consolidation? As mentioned, it looks like the price is consolidating and positioning up for the next move. Sellers struggled time and again to break an important support area of 0.0125BTC. As stated earlier too,....
The mastermind of what the U.S. Department of Justice calls a scam of “epic proportions” has been sentenced to 10 years in prison. His crypto scheme collected over $147 million, duping 72,000 investors. He is also ordered to pay the U.S. Internal Revenue Service more than $1.8 million for tax evasion. Scam Involving Fake Cryptocurrency The U.S. Department of Justice (DOJ) announced Monday that a California man, Steve Chen, has been sentenced to 10 years in federal prison for his “leading role” in a major crypto fraud case. Judge John Walter called Chen’s....