Bitcoin analysts give three reasons why BTC price below $20K may be a 'bear t...
A set of technical indicators see Bitcoin price ending its prevailing bearish cycle. Bitcoin (BTC) recovered above the $19,000 mark on Sep. 20, a day after falling to its lowest level in three months.Bitcoin struggles after dropping below $20KOn the daily chart, the BTC price rose from $18,255 to $19,650. This 7.5% price rebound mirrored similar rebound moves witnessed in the stock market, suggesting that investors have been coming to terms with another significant rate hike by the Federal Reserve expected on Sep. 20-21.BTC/USD daily price chart versus ACWI and Nasdaq. Source:....
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A look at previous bitcoin bear market cycles shows two distinct phases of capitulation and can give insight into how much longer the bear market will last.
Contrarian Bitcoin analysts pinpoint three reasons why they are still bullish on BTC price for the short and long-term. Bitcoin’s (BTC) dip below $29,000 on June 22 rocked the markets a handful of analysts to call for a potential drop below $20,000. Many traders on crypto Twitter were focused on the formation of a death cross on the Bitcoin chart as an omen for another potential drop in the price but analysts with a more contrarian point of view look at this chart pattern as a signal that it is time to buy the dip. The ultimate thread on #BTC deathcross and cycle data analysis 1)....
BTC price dropped below $56,000 again, leading analysts to discuss various bull and bear scenarios for Bitcoin’s short term price action. Cooler heads are calling for a collective deep breath and a step back to see the long-term outlook for the future of Bitcoin (BTC) price and the wider crypto market, but today's drop back under $56,000 is raising eyebrows among traders.Data from Cointelegraph Markets Pro and TradingView shows that after starting the week near $60,000, several days of bears hammering the price of Bitcoin resulted in a revisit to $55,600.BTC/USDT 1-day chart. Source:....
The XRP price crossing the $10 mark into the double-digit territory remains a widespread school of thought, and crypto analysts have, at different points, shared analyses that seem to support this notion. Most especially, since the XRP price broke the $3 mark and is now holding support above $2, it has given fuel to these expectations. One crypto analyst takes it a step further by giving a close timeline for when XRP could break above $20. 4 Reasons Why The XRP Price Could Rally Crypto analyst and XRP advocate, Diana on X (formerly Twitter), put forward a total of five different reasons....
Based on historical records, after every Bitcoin (BTC) bull run, a bear market hits, and this cycle may be no different. Analysts forecast that the upcoming bear market may see the price of Bitcoin dropping as low as $25,000. This decline would represent a whopping 77% crash, pushing BTC to a possible market bottom. Analyst […]