Bitcoin Price Drops Again—Is $80K the Last Defense for Bulls?
Bitcoin price started a fresh decline below the $88,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $92,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming…
Bitcoin Mega Whales The Primary Sellers During Price Crash, Analytics Firm Reveals
The market intelligence platform IntoTheBlock has revealed how the largest of Bitcoin holders have been the ones applying selling pressure amid the price decline. Bitcoin Mega Whales Have Been Reducing Their Supply Recently In a new whales‘ broadly refer to the entities who own more than 1,000 tokens of the cryptocurrency. At the current exchange…
Flash Crashes On The Rise: Understanding The Recent $300 Billion Crypto Drop
The crypto market is experiencing a significant upheaval, with a staggering $300 billion erased in just 24 hours. This massive sell-off has raised concerns among investors, prompting analysts to explore the underlying causes of this dramatic decline. Bitcoin And Ethereum Plummet According to insights from the Kobelsi Letter, a global commentator on capital markets, the…
Bitcoin Plunge Below $89,000: Are We Nearing a Bottom? Analyst Weighs In
Bitcoin’s downward trajectory continues, with its price slipping below $89,000, marking an 8.5% loss over the past week. This extended decline has raised concerns among investors about whether the bottom is finally in. Recent market behavior suggests that significant capitulation is taking place, which some analysts believe could indicate a turning point. Massive Bitcoin Sell-Off:…
Bitcoin Loss Holders Highest Since October As BTC Crashes To $87,000
On-chain data shows the number of Bitcoin loss addresses has shot up following the cryptocurrency’s dive toward $87,000. Bitcoin Market Delivered Shock As Price Plummets 7% In Past Day Bitcoin had already been following a bearish trajectory during this month, but it appears the asset’s decline has seen an acceleration in the last 24 hours…
Market Signals Point To Caution: Bitcoin’s 3-Day Chart Shows Potential Sell Alert
Bitcoin (BTC), the market’s leading cryptocurrency, has officially entered a new downtrend phase following a period of consolidation around the mid-$90,000 levels. After reaching an all-time high of $109,000 in January, Bitcoin has now seen a significant drop of 7%, bringing its current price to approximately $87,400. This decline raises concerns about the sustainability of…
Bitcoin Price Takes a Hit—Is This Just the Beginning?
Bitcoin price started a fresh decline below the $90,000 support. BTC must stay above the $86,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $95,500 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a short-term triangle forming with resistance…
Not Time To Buy Yet? Bitcoin Faces Pressure As Standard Chartered Predicts Further 10% Drop
Earlier this morning, Bitcoin (BTC) hit a yearly low of $86,888 amid a broader market downturn. According to data from CoinGlass, the crypto market sell-off led to over $1.5 billion in liquidations in the past 24 hours, impacting 394,944 traders. More Downside For Bitcoin? After trading in the mid-$90,000 range for several weeks, BTC crashed…
Bitcoin Faces Internal and External Pressure—Is a Rally Still Possible?
Bitcoin’s price has faced a dramatic downturn, falling below $90,000 and reaching as low as $87,000 levels today. This steep decline places the cryptocurrency further away from its January all-time high of over $109,000. The sharp sell-off comes amid both internal and external challenges, leaving investors uncertain about what lies ahead. While the market struggles…
Bitcoin Price Tumbles 5%—Key Support Levels in Focus
Bitcoin price started a fresh decline below the $95,000 support. BTC must stay above the $90,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $98,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a short-term triangle forming with resistance…