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“# 3 potential bullish catalysts for Ethereum price in June ” As of June 1, Ether (ETH) has dipped by more than 40% after establishing a record high of $4,384 in May. The major move downhill in the world’s second-largest cryptocurrency by market cap has prompted many analysts to predict additional declines. For instance, Clem…
“# Veteran trader Peter Brandt sees Bitcoin crashing further after May’s 50% drop ” Bitcoin (BTC) faces the prospects of falling further even after its price made a strong recovery after crashing from $65,000 to $30,000 in May 2021. So, it reflects in the latest statements from Peter Brandt, chief executive of global trading firm…
“# Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders ” Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in the sand’, but the rally was short-lived as BTC met selling near the lower arm of the bearish pennant that…
“# How relevant is the $900M open interest on Bitcoin options above $100K? ” Bitcoin (BTC) is fast approaching its worst monthly performance in a decade, but some investors are using this as an opportunity to buy ultra-bullish long-term derivatives. There are currently over $900 million in call (buy) options aiming at $100,000 and higher,…
“# 3 on-chain indicators suggest the Bitcoin price sell-off is losing steam ” Bitcoin (BTC) entered a consolidation phase following its May 19 crash from $42,600 to $30,000 on Coinbase. The flagship cryptocurrency recovered its losses quickly and reclaimed $40,000 but it failed to log a clear bullish breakout above this resistance level and at…
“# Bitcoin accumulation uptrend can create a 2013-style BTC price ‘double pump’ ” A recent run-down in Bitcoin (BTC) price from about $65,000 to as low as $30,000 did not force long-term holders into selling, Glassnode data shows. The on-chain analytics platform revealed a spike in Bitcoin reserves held in wallets with lower unspent output…
“# 2 Bitcoin price indicators suggest BTC has not bottomed yet ” Traders are using various strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Has Bitcoin price bottomed yet? According to @noshitcoins, derivatives and on-chain data signal that further downside could be in…
“# Grayscale Bitcoin premium rebounds as BTC price falls below $35K — What does it mean? ” Bitcoin (BTC) has crashed by around 44% from its all-time high of $64,899, signaling an end to its second-largest bull run that started in March 2020. Many analysts, including those from BiotechValley Insights, see “terrible technicals” in the Bitcoin…
“# 3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week ” Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap. There are several big reasons behind the strong uptrend of MATIC, including the growing…
“# Bitcoin can still drop to $20K but holding remains winning strategy, data shows ” Unloading Bitcoin (BTC) spot positions when it starts crashing violently upon forming its all-time highs is a bad investment call, at least according to its historical price action. The flagship cryptocurrency’s eleven-year lifetime has seen it undergoing many bullish and…