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“# This Bitcoin price metric just hit ‘oversold’ for only the 7th time in 8 years ” A Bitcoin (BTC) price metric, which made BTC “look seriously cheap” at $56,000, is now in rare oversold territory. In a tweet on Dec. 6, Philip Swift, creator of analytics platform LookIntoBitcoin, returned to potentially bullish signals coming…
“# Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market ” Looking at the winners and losers of the past week clearly shows that traders endured some serious heat as the total crypto market capitalization dropped by 12.7% when Bitcoin fell to $41,000. This sharp downside move knocked the figure from…
“# Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market ” Looking at the winners and losers of the past week clearly shows that traders endured some serious heat as the total crypto market capitalization dropped by 12.7% when Bitcoin fell to $41,000. This sharp downside move knocked the figure from…
“# Price analysis 12/6: BTC, ETH, BNB, SOL, ADA, XRP, DOT, DOGE, LUNA, AVAX ” Bitcoin (BTC) is attempting to extend its recovery by rising above the psychological mark at $50,000, but several popular analysts believe that BTC could remain range-bound for a few weeks or even months. On-chain analytics firm CryptoQuant said that Bitcoin…
“# Here’s why analysts expect ‘choppy’ Bitcoin price action between $42K and $53K ” The wider cryptocurrency ecosystem is in a heightened state of fear on Dec. 6 after the Dec. 3 market sell-off continues to send ripples across the the sector and Bitcoin (BTC) price remains pinned below $50,000. Data from Cointelegraph Markets Pro…
“# Bitcoin could ‘drive people nuts’ for months with $53K BTC price ceiling — analyst ” Bitcoin (BTC) may spend “months” ranging between recent $42,000 lows and $53,000 and cause panic in the process, popular analysis warned on Dec. 6. Discussing the BTC price outlook on Twitter, Scott Melker, known as the Wolf of All…
“# Ethereum bulls retain hopes of $10K despite ETH price chart bear flag ” Ethereum’s native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000. ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so,…
“# Bitcoin whales move fresh coins to exchanges in repeat of behavior before $42K BTC price dip ” Bitcoin (BTC) whales may be planning to sell at short notice as BTC price action struggles around $47,000. In its daily QuickTake market updates on Dec. 5, on-chain analytics firm CryptoQuant warned that large volume movements on…
“# BTC sentiment ‘comparable to a funeral’ — 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week with traders still digesting the impact of the last — a major price drop that at one point saw $41,900. A modest recovery is now competing with some formidable resistance, first of…
“# Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, ALGO, EGLD ” Bitcoin (BTC) and most altcoins sold off on Dec. 4 with massive deleveraging seen in the crypto derivatives markets. Data suggests more than $2.5 billion of crypto liquidations over a 24-hour period. During the recent fall, Ether (ETH) has continued to…