Bitcoin AT $46K, Will The Market See $50K Before The Next Bear Market?
Bitcoin is roaring right now price-wise. The price of the coin shows no signs of slowing down following the price rally from the past three weeks. Every time it seems like there is a slowdown, the price picks up again, breaking new resistance points that had before held it back. The run-up from a price range of the low $30,000 has now seen the digital asset price break into the $46k territory. Despite what might be a slowing down, the digital asset has not lost its position. Rather taking small steps in either direction but ultimately maintaining its position on the charts. $46,800 still....
Related News
A look at previous bitcoin bear market cycles shows two distinct phases of capitulation and can give insight into how much longer the bear market will last.
Crypto analyst Bee has outlined three Bitcoin rules that provide insights into when the bear market is likely to end. This comes as BTC struggles again to hold above the psychological $80,000, with experts predicting another imminent decline. Bitcoin Bear Market Rules As To When The Bear Market May End In an X post, Bee […]
The bear market carries a lot of implications for investor depending the assets they’re invested in, and for untested market such as the decentralized finance (DeFi) market, the implications can be even worse. The space is already fraught with a lot of issues around insecurity. But with the bear market coming, one would think the […]
The NFT market has taken a good hit during the latest iteration of the crypto market bear run. But not all collections have lost favor in the eyes of investors, though. Notable collections such as CryptoPunks and Bored Ape Yacht Club continue to maintain their high floor prices. Even during the bear market, where the […]
Bitcoin is still struggling to get back above $60,000, and is sinking lower with each passing day. Another defense at $50,000 might be near, and if bulls cannot support the key level another time, a bear market could follow. According to the momentum of past market cycles, the next bear phase could be a walk […]