Why “Low” Capitulation Might Hint At More Pain For The Bitcoin Price

Why “Low” Capitulation Might Hint At More Pain For The Bitcoin Price

The Bitcoin price is stuck in a tight range following yesterday’s U.S. Federal Reserve (Fed) announcement on monetary policy. Macro forces have taken over global markets increasing the correlation across all asset classes. Related Reading: Bitcoin Dumps After Revisiting June Lows, Where Does The Bottom Lie? For a deep dive into how the Fed 75 basis point hike affected the Bitcoin price, and a look into the crypto market’s internal dynamics, check out the analysis from our Editorial Director Tony Spilotro. Link below: At the time of writing, the Bitcoin price trades at $18,900 with a....


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$20,000 feels scary, but it may not be the end of the story for Bitcoin’s latest bear cycle. Bitcoin (BTC) near $20,000 is worrying the market, but after narrowly avoiding breaking support, is the worst really over?According to multiple on-chain indicators, it seems that max pain has yet to arrive this cycle.The stakes are high for many hodlers this week — almost 50% of the supply is being held at a loss and miners are upping their shipments of BTC to exchanges.Even some of Bitcoin’s biggest investors, notably MicroStrategy, are having to defend their conviction on BTC as price action....

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