Bitcoin Stalls At $66,000 As Market Quietly Prepares For A Downside Draw
Bitcoin is showing signs of hesitation at the $66,000 level, with price action slipping into a tight, choppy range. Momentum on the upside continues to fade, and each attempt to push higher is met with weaker follow-through. Beneath the surface, liquidity remains stacked, suggesting the market may be quietly positioning for a move lower rather than gearing up for a breakout. BTC Stuck At $66,000 As Structure Remains Unchanged Providing a BTC update alongside the MMT heatmap, Columbus explained that the overall market structure remains largely unchanged, with price continuing to chop around....
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Prominent market analyst with the pseudonym RugaResearch has drawn attention to recent developments with Bitcoin long-term holders (LTH) Spent Output Ratio (SOPR), indicating that these key participants are exiting their positions at a significant loss. Related Reading: Bitcoin Stalls At $66,000 As Market Quietly Prepares For A Downside Draw Bitcoin LTH SOPR: Quiet Market Divergence The SOPR compares the price at which coins were last moved (cost basis) to the price at which they are currently being spent. It is used to measure whether coins being spent are in profit or loss. When the SOPR....
According to reports on social media, crypto forums, onchain metrics, and the Solana Status Twitter account indicate that Solana’s blockchain has stalled. Solana mainnet-beta suffered a four-hour downtime and is still down after a technical glitch. ** Editor’s Note: At 3:30 p.m. (EST) on Sept. 14, 2021, this post was updated with a statement written by the Solana Status Twitter account. At the time of update, Solana’s issues still persist and the community is preparing a fix. Solana’s Network Stalls In recent times, solana (SOL) joined the top ten crypto assets....
A downside correction in the Bitcoin market at the beginning of this week may prepare a fresh run-up towards $30,000, says Teddy Cleps.
Key Highlights. After surging higher towards $4.30, Litecoin's price found resistance and moved down sharply to trim all its gains. A support trend line on the hourly chart (price feed from Bitfinex) was also cleared during the downside drift. However, a bullish trend line on the 4-hour chart (data feed from HitBTC) is holding the downside and may ignite an upside move. Litecoin's price was crushed this past week after it gained momentum, but it looks like it won't go down quietly and may bounce once again. Trend Line Support on 4H. There was a nice ride in the Litecoin price this past....
XRP is struggling to hold current support levels. The market is uncertain. And beneath the price, the structure that would normally cushion a sell-off has quietly thinned to one of its weakest readings in recent memory. Related Reading: Chainlink Is Being Quietly Targeted By Large Players. Find Out What The On-Chain Data Is Showing An […]