Bitcoin Drifts Into A Deep Conviction Zone, Smart Money Stays Patient
Bitcoin is navigating one of its deepest conviction zones yet, a phase that tests nerves more than it screams opportunity. While prices drift and fear dominates the market, smart money quietly accumulates, laying the groundwork for the next potential trend shift. Testing Conviction: Bitcoin In One Of Its Deepest Bear Market Zones Over the past few weeks, volatility has intensified, causing Bitcoin’s price to fall sharply. Marcus Corvinus highlighted that Bitcoin is trading in one of the deepest bear market zones in history, an area that doesn’t shout buy now but instead tests conviction....
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Recent on-chain data shows that the Bitcoin price is currently at an important phase, raising suspicions as to whether the market is nearing a cyclical bottom. Mayer Multiple Falls To 0.6 — What This Means In a recent Quicktake post on the CryptoQuant platform, on-chain analyst Ruga Research pointed out that the Bitcoin price now has a 40% negative deviation from its 200-day moving average. This on-chain observation revolves around the Bitcoin Mayer Multiple. Related Reading: Bitcoin Drifts Into A Deep Conviction Zone, Smart Money Stays Patient For context, the Mayer Multiple metric....
A well-known crypto analyst, Coach JV, is reminding XRP investors about the importance of patience and conviction in the crypto market. He warns that those who only chase quick profits or lack belief in their investments could face severe losses. He says people should only invest when they are ready to stay for a long time. Coach JV Warns XRP Investors To Build Conviction Or Stay Out Coach JV posted a clear warning on X to all XRP investors. He said, “If you’re not willing to hold for 10 years or haven’t built conviction in what you’re investing in, don’t get in. You’ll get wrecked.” His....
Healthcare is one of the industries that generate terabytes of data each day. Hospitals and healthcare services providers are investing thousands of dollars every year to manage patient information and other data. Even after all these, there is a disconnect between one healthcare provider and another. When a patient decides to switch his healthcare provider due to any reason, the patient's medical records have to be either migrated manually from the previous hospital/ healthcare center or the patient will be forced to undergo a plethora of diagnostic tests to evaluate his or her medical....
Bitcoin extended losses and traded below $19,600 against the US Dollar. BTC could start a recovery wave if it stays above the $19,300 support zone. Bitcoin remained in a bearish zone and settled below the $20,000 level. The price is now trading below the $19,600 level and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $19,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a recovery wave if it stays above the $19,300 support zone. Bitcoin Price Reaches Key Support Bitcoin price started a fresh....
Ethereum is currently expressing some immense signs of strength as the cryptocurrency rallies higher while Bitcoin drifts lower. This is the first time in weeks that the cryptocurrency has risen while Bitcoin’s price drifts lower. DeFi blue chips have also been rallying higher. The DeFi sector has been one of the biggest beneficiaries of Ethereum’s […]