Bitcoin Price Could See Another Crash, But What Is The Long-Term Prognosis?
With the Bitcoin price clearing $78,000 last week, it has triggered bullish sentiment in the crypto market once again. This move has also led to forecasts that the Bitcoin price is headed back for the 6-figure mark. However, not everyone is following this school of thought and believes that the rally will continue. Crypto analyst […]
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Data shows the recent crash hasn’t shaken the long-term holders of Bitcoin, as they have only increased their supply further. Bitcoin Long-Term Holder Net Position Change Has Been Positive Recently As explained by analyst Ali Martinez in a new post on X, the supply held by the BTC long-term holders has increased during the latest […]
Crypto analyst TARA has predicted that the XRP price could still crash below the psychological $1 level. This came as she drew the altcoin’s correlation to Bitcoin’s price action, while highlighting how a BTC crash could also push XRP to as low as $0.87. XRP Price Could Drop To $0.87 If Bitcoin’s Crash Deepens In an X post, TARA stated that a Bitcoin crash to $52,200 would bring the XRP price down to its .786 support at $0.87. She noted that this level is also the .618 extension and the gap that was left by the October 10 liquidation event. The analyst made these comments while noting what....
On-chain data shows that Bitcoin long-term holders have continued to hold strong recently as their exchange inflows have remained low. Bitcoin Long-Term Holder Supply Has Set A New All-Time High The “long-term holders” (LTHs) refer to all those investors who have been holding onto their coins since more than 155 days ago. Generally, the longer […]
Bitcoin has had a rollercoaster of a month in January. The digital asset which enjoyed much success in 2021 has walked into 2022 with bloody feet. Since then, it has managed to crumble more than 50% of its $69K all-time high. As nerves run high, investors scramble to make sense of when the onslaught will cease. As bitcoin is yet to see any significant support below the $40,000 level, analyst says the worst may be yet to come. Bitcoin Has Lost Critical Support Level Pseudonymous analyst Dave the Wave is known in the crypto space for being one of the few to call the May crash. Last year when....
The bitcoin downtrend has no doubt rocked investors to their core. This is evidenced by the decline of the Fear & Greed Index into the extreme fear territory, reaching as low as 11 on the scale. Investors, understandably, are wary of the market and what the next few weeks, and by extension, months, may hold for them. If this is the beginning of a bear market, then there could be another two-year wait to the next bull rally. Anthony Scaramucci has however urged bitcoin investors not to despair during this time. Despite the market crash that sent the digital asset to six-month lows,....