Bitcoin At Bullish Point After Panic Selling, Will BTC Repeat History?
The price of Bitcoin has been trading about key resistance during today’s trading session and could be positioning for a break higher if bulls managed to close the daily candle above $21,500. The cryptocurrency still records heavy losses on higher timeframes but could be on the verge of a decisive move. Related Reading: Chiliz Price Skyrockets, Will This Bullish Run Continue? At the time of writing, Bitcoin (BTC) trades at $21,700 with a 1% profit and a 9% loss in the last 24 hours and 7 days respectively. As mentioned, critical resistance stands at $21,500, a daily candle close above this....
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On Tuesday, the market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable decline, dropping toward the $89,000 mark, its lowest price in seven months, resulting in over $1 billion in liquidations across the crypto market within the past 24 hours. However, despite this downturn, altcoins have exhibited significant stability when compared to the performance of BTC. Analysts from the Bull Theory have provided insights into why altcoins are holding strong during this period. Bitcoin Dominance Falls In a recent social media post on social media site X (previously Twitter), the....
Curious behavior sees investors selling coins for less than they purchased them for, with Bitcoin still notionally in a bullish uptrend. Bitcoin (BTC) sellers’ losses are mounting as the BTC price downturn shows that some investors are panicking at current prices.Data from on-chain analytics firm Glassnode and trading suite Decentrader shows that in January, more and more BTC entities have been selling coins for less than they purchased them.On-chain loss selling now “consistent”While no one wants to sell an asset without profit, Bitcoin downtrends tend to see a certain cohort of market....
Dogecoin is currently showing signs of selling pressure after shedding much of the bullish momentum it had gathered in late April and early May. Technical analysis of the Dogecoin price shows that the meme cryptocurrency is precariously hovering just above a key support level that puts it one step away from a downtrend. Crypto analyst RLinda noted this level, set at $0.214, on the TradingView platform, labeling it a retest of the panic zone. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst Panic Zone Under Retest Due To Dogecoin Correction According to....
Dogecoin is currently showing signs of selling pressure after shedding much of the bullish momentum it had gathered in late April and early May. Technical analysis of the Dogecoin price shows that the meme cryptocurrency is precariously hovering just above a key support level that puts it one step away from a downtrend. Crypto analyst RLinda noted this level, set at $0.214, on the TradingView platform, labeling it a retest of the panic zone. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst Panic Zone Under Retest Due To Dogecoin Correction According to....
Quick Facts: Bitcoin traders are preparing for a new bottom, as liquidity runs thin above $105K. If support breaks, the recent low around $101K might be retested. But analysts point out that the recent crash is a mature reaction to volatility rather than panic selling. This keeps the bullish perspective intact, opening a short window […]