Analyst: Bitcoin is Likely to Slowly Bleed Towards $8,550 Before Rebounding
It has once again been a turbulent overnight trading session for Bitcoin The benchmark cryptocurrency plunged as low as $10,200 yesterday afternoon before bulls stepped up and slowed its descent The rebound from these lows led it to kick off a slight uptrend that has reversed the majority of yesterday’s losses Analysts are now noting that its near-term trend may depend largely a few key factors It is important to note that the majority of […]
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Dogecoin is back trading above $0.18, climbing higher after rebounding off a recent higher low. The recovery comes on the back of a new wave of optimism in the cryptocurrency market over the past 24 hours, starting with Bitcoin crossing above $90,000 within this timeframe. According to a prediction from crypto analyst Javon Marks, Dogecoin […]
If you were asleep last night - and let's be honest, most of the population was - you probably missed what happened to the price of Bitcoin. It dived. The price per coin reached a low of $175USD at about 4AM Eastern Time at Mt. Gox, rebounding to a high of $211USD in the past three hours. What a ride! Some saw the opportunity to scoop up extra coin during the dip, but it doesn't appear as if this event caused a panic sell by any stretch, given the aforementioned rebound. It is likely that those who took advantage of the dip were those in China, bringing that price right back up. It's not....
As Miner Capitulation in the crypto market slowly comes to an end, a crypto analyst maintains an optimistic future outlook on the price of Bitcoin (BTC), the world’s largest cryptocurrency. The analyst has set a massive $200,000 price tag for BTC, marking a new all-time high for the pioneer cryptocurrency. Bitcoin Price Set To Hit […]
Mt. Gox has managed to start a bit of a panic, haven't they? The company issued a statement this morning blaming a bitcoin bug for their halting of withdrawals, and says they will continue to prevent withdrawals so long as the bug exists. Except many in the community, including core developers have been aware of the issue for years, and have deemed it a "non-issue", so to speak (see the post linked above). A bit after 6AM on Monday (Eastern US time), the price per bitcoin sunk to a low of $500 at Mt. Gox - the lowest it's been all year. At Bitstamp, it hit a low of $530. The price is....
Visible buying from spot bitcoin ETPs and corporates has not translated into decisive upside, leaving traders to ask a blunt question: who is supplying the market? For Chris Kuiper, CFA, vice president of research at Fidelity Digital Assets, the answer is clear. “ ‘Who is selling?’ is the number one question I’ve been getting regarding bitcoin’s continued price pressure against a backdrop of visible buying,” he wrote on X on November 12. “I’m not unique in suggesting it’s the long-term holders (or HODLers).” Kuiper points to a simple but powerful on-chain gauge: the....