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” On-chain data flashes Bitcoin buy signals, but the bottom could be under $20K “ Every Bitcoin investor is searching for signals that the market is approaching a bottom, but the price action of this week suggests that we’re just not there yet. Evidence of this can be found by looking at the monthly return…
” 3 reasons why Bitcoin is regaining its crypto market dominance “ Bitcoin (BTC) is regaining its lost crypto market dominance even as it trades nearly 60% below its record highs. Bitcoin dominance at 6-month highs The Bitcoin Market Dominance (BTC.D) index, a metric that weighs BTC’s market capitalization against the rest of the cryptocurrency…
” Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why “ Solana (SOL) dropped on May 26, continuing its decline from the previous day amid a broader retreat across the crypto market. SOL price pennant breakdown underway SOL price fell by over 13% to around $41.60, its lowest level…
” U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery? “ The U.S. dollar index (DXY) retreated broadly from its prevailing bull run in the past two weeks, dropping by up to 3.20% after hitting its two-decade high of 105. Overvaluation risks grip dollar market Dollar’s correction…
” Bitcoin creeps toward $30K, but data shows bears in favor for Friday’s $1.8B BTC options expiry “ Bitcoin (BTC) price has been unable to close above $32,000 for the past fifteen days and is currently down 37% year-to-date. Although that might seem excessive, it does not stand out among some of the largest U.S.-listed…
” Scott Minerd says Bitcoin price will drop to $8K, but technical analysis says otherwise “ Bitcoin (BTC) is predicted to drop more than 70% to the $8,000 value area, according to comments by Guggenheim chief investment fficer Scott Minerd. This is not the first time he has made a bearish call, and he has, in…
” Bitcoin price bottom signals flash as Fear and Greed Index matches March 2020 lows “ Bitcoin (BTC) has fallen by over 67% in 2022 and is now wobbling between a tight trading range defined by $28,000 as interim support and $30,500 as interim resistance. The selloff appears in the wake of the Federal Reserve’s…
” Low inflation or bust: Analysts say the Fed has no choice but to continue raising rates “ As economic conditions continue to worsen, financial experts worldwide are increasingly placing the blame at the feet of the Federal Reserve after the central bank was slow to respond to rising inflation early on. Financial markets are…
” Weak stocks and declining DeFi use continue to weigh on Ethereum price “ Ether’s (ETH) 12-hour closing price has been respecting a tight $1,910 to $2,150 range for twelve days, but oddly enough, these 13% oscillations have been enough to liquidate an aggregate of $495 million in futures contracts since May 13 according to…
” Assuming Bitcoin plays nice, higher timeframe analysis points to $90 Solana (SOL) price “ Solana price has begun to consolidate in a tightening range and if the wider market remains stable, it’s possible that SOL could break out in the short-term. SOL’s upside potential in the short-term could be significant with the move itself…