Bitcoin Price Bottom Not In Yet, Crypto Founder Calls ‘One Final Dump’
The Bitcoin price and the general cryptocurrency market received a major boost over the past week, as the geopolitical tensions in the Middle East seemingly reached a temporary halt. The premier cryptocurrency has maintained relatively strong momentum since breaking the psychological $70,000 resistance on Tuesday, April 7. Now, this sudden resurgence has sparked conversations among […]
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Bitcoin has seen some wild price action throughout the past few days, with the crypto seeing a “pump and dump” rally that led it to $39,000 before it plummeted to $32,000 This price action shows that there’s a significant number of bears looking to fade BTC’s price action at the moment It has recovered from its lows and is not showing any signs of wanting to collapse much lower, but its price action has been […]
Following an unprecedented day of trading for Litecoin at a higher daily USD volume than bitcoin, suspicions of a ‘pump-and-dump’ scheme in China have arisen following a correction in price. Just before, Litecoin has gained fifty US cents to a full US dollar in value - tantamount to Mazda selling more cars in a day than Toyota. “I think Litecoin is still very complimentary to Bitcoin — silver to Bitcoin's gold if you will. Because Litecoin is an altcoin and a much smaller market cap, the Litecoin price is extremely volatile. So when the crypto currency market is crashing, it gets hit a lot....
Bitcoin could be gearing up for its next bull phase as a crypto analyst has outlined the timeline for when the BTC price may reach its bottom. Contrary to widespread belief, the analyst does not consider the previous cycle low around $60,000 to be the final bottom. Rather, he expects further downside in the market, […]
US Federal Reserve (Fed) Governor has warned about the potential risks that stablecoin may pose to financial stability and urged for strong oversight, as the industry awaits the final text of the highly anticipated crypto market structure bill. Related Reading: SEC Questioned Over Treatment Of Trump’s ‘Crypto Backers’ Amid Enforcement Chief Exit Fed Governor Calls […]
Calls for a trip back to $20,000 or even lower were in abundance after Bitcoin collapsed by 50% and sent the market into a bearish state. However, the idea that Bitcoin has bottomed is beginning to broaden. That statement is also a double entendre, referencing a potential chart pattern which further supports the theory. Here is a closer look at the potential broadening wedge bottom pattern, how the recent market conditions fit, and what to expect if the pattern confirms. The Case For The Bottom Being In Begins To Build Bitcoin price collapsed from highs set in Q2 around $65,000 to as low....