Caution In The Crypto Market: Expert Warns Of Bearish Phase Unfolding This No...
November has kicked off on a negative note for crypto prices, with Bitcoin (BTC) briefly dipping toward $105,000 on Monday. This decline has sparked a renewed sense of bearish sentiment among investors, and experts caution that conditions could worsen in the coming days. November Deadline Approaches Market expert CryptoBirb recently expressed concerns on social media platform X (formerly Twitter), noting that the market is already ten days into a bearish cycle. According to CryptoBirb, diving into on-chain data, the more alarming the picture appears. Related Reading: Solana Price Drops....
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Ethereum and Solana are gradually demonstrating bullish movements following a rebound on Tuesday, but the broader outlook still appears to be bearish. On-chain metrics are flashing caution as selling pressure continues to dominate among investors of ETH and SOL, suggesting an extension of the ongoing volatile market. Market Balance Tilts Bearish For Ethereum And Solana […]
On Tuesday, the Bitcoin price briefly dipped below the significant $100,000 threshold for the first time since June. Market expert Lark Davis summarized the facts behind the ongoing sell-off on the social media platform X (formerly Twitter), describing the situation as “absolutely relentless.” Bitcoin Price Set For Deeper Correction Davis highlighted a range of factors contributing to the Bitcoin price downturn, including selling activity from exchange-traded funds (ETFs), and large-scale investors known as whales. He suggested that fear among investors is reaching a peak,....
Bitcoin price is flirting with resistance at $50,000. The first attempt has led to a short-term rejection, but the king of cryptocurrency appears determined as ever. According to Elliott Wave International’s resident crypto expert Tony Carrion, there are plenty of signs that suggest “greater price appreciation” is “unfolding” across the crypto market. If he’s correct, […]
A key technical setup is unfolding on the XRP price chart, as market analyst Egrag Crypto has flagged a recurring historical chart pattern that has previously marked the cryptocurrency’s market bottom. The analysis indicates that this critical pattern, known as the 5D Bottoming Blueprint, has also previously triggered a renewed upward trend for XRP after major lows. Its reappearance is seen as a potential signal that XRP’s prolonged bear phase may be ending even as the cryptocurrency continues to face bearish headwinds and price volatility. XRP Price Repeats Historic 5D Bottoming Pattern....
After a sharp pullback in Bitcoin’s price, there are speculations that the cryptocurrency market has shifted into a bearish phase, marking an end to the bull market. Despite this significant drop, a key metric is showing signs that the market pain is likely to continue, reinforcing this current downward pressure. Bitcoin Metric Warns The Pullback […]