Expect 30% Pullback in Bitcoin Market, Analyst Warns

The price of Bitcoin dropped below $16,400 on the day following a massive short-term correction. On-chain analyst Willy Woo attributed the pullback to an overheated bull run. Before the pullback happened, the Bitcoin derivatives market showed signs of extreme buyer demand. The market was dominated by buyers and long contract holders, leaving BTC vulnerable to […]

Bitcoin and the aggregated crypto market have been consolidating throughout the past few days and weeks, with the recent selloff not striking a blow to the market’s structure Where the entire market trends next will depend largely on whether or not buyers or sellers can take firm control of BTC’s price action One trader is now noting that he does expect BTC to see a cooldown throughout the rest of the year He expects the […]

Through bull and bear rallies, crypto analysts have always given their forecast for where the price of a crypto like bitcoin might end up. Mostly, this is the norm, but one analyst has taken a deeper dive into the coin to give an in-depth analysis of Bitcoin’s upward rally. The analysis touches on multiple indicators, as well as the widespread acceptance that BTC has been gaining recently. Bitcoin Price To $70,000 The analysis shared on TradingView shows a different side of the market that has previously been untapped. The analyst who goes by ArShevelev identifies the period between March....

Bitcoin bulls should brace for an impact from traders holding larger quantities of the cryptocurrency tokens, warns Robbie Liu.

Bitcoin has undergone an extreme rally over recent months, pushing to $28,000. Some fear that a pullback is starting to brew as the market shows signs of being overbought on a technical basis. Vijay Ayyar, head of business development with crypto exchange Luno in Singapore, recently said that he thinks the market is “close to a top.” Bitcoin Currently Preparing For a Correction, Some Fear Bitcoin has undergone an extreme rally over recent months. In […]