Bitcoin Price Falls To $103,000: Is This The End Of The Bull Run Or A Prequel...
On Friday, the Bitcoin price experienced another flash crash, dipping toward $103,000 from $109,300. While not as alarming as the sharp decline seen on October 10, this latest downturn has ignited fresh speculation regarding the cryptocurrency’s future trajectory. A Temporary Setback? Comparisons are being made to past market crash events, such as the COVID crash in 2020 and the downturn in May 2021. However, market expert VirtualBacon emphasizes that the current situation is fundamentally different. The expert noted that in 2020, a widespread collapse affected various assets,....
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A bull flag pattern resembles a flag on a pole and appears when a cryptocurrency is experiencing a significant price rise. Many security price forecasters use technical analysis, sometimes referred to as charting. However, they opt to reject the efficient markets hypothesis (EMH) altogether. The efficient markets hypothesis (EMH), also called the Random Walk Theory, is the idea that current securities prices accurately reflect the information about the firm’s value. Therefore, it is impossible to make excess profits using this information, or gains that are greater than the overall market.....
Bitcoin price has been trading sideways for almost two days and a move appears imminent. At the time of writing a move has begun, but is it real or is it a fake-out? Bitcoin price seems to be gearing up for a move. It is uncertain which way price is going to break. For now it appears to be pushing higher, but this has (recently) been the prequel to a strong decline. If the move higher is real then the next target should be the 1hour 200MA. The initial concern is that the current rise is only corrective and that price may still reverse into another wave of decline. There is no clear....
Bitcoin Custodians Facing Liquidity Crisis As Price Falls
CPI inflation data exceeded market expectations, maintaining a near 40-year high of 8.3% as bitcoin falls below its $30,000 line of support.
Bitcoin’s bull run stalls while ether is still acting like a little brother despite the audacious Eth 2.0 upgrade.