3 reasons why the Bitcoin price bottom is not in
Bear market fractals, weak technicals and macro risks continue to signal more pain for Bitcoin ahead. Bitcoin (BTC) recovered modestly on Aug. 20 but remained on course to log its worst weekly performance in the last two months.Bitcoin hash ribbons flash bottom signalOn the daily chart, BTC's price climbed 2.58% to $21,372 per token but was still down by nearly 14.5% week-to-date, its worst weekly returns since mid August. Nonetheless, some on-chain indicators suggest that Bitcoin's correction phase could be coming to an end.That includes Hash Ribbons, a metric that tracks Bitcoin's hash....
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Bitcoin. The bottom. Are we there yet? Several higher timeframe metrics suggest BTC’s real bottom will be somewhere around $10,000. Bear markets have historically been challenging to navigate for traders and the conventional set of "reliable" indicators that determine good entry points are unable to predict how long a crypto winter might last.Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom was in, but a deeper dive into the data suggests that the short-term relief rally might not be enough proof of a....
It’s possible that the bitcoin price reached a bottom already, but macro headwinds may take it lower. Only time will tell if the bottom is in.
People are wondering when and at what price bitcoin will bottom and there are many opinions on this matter. This article will not explore a certain price or date when bitcoin will bottom but some of the characteristics that need to be shown to know that a real bottom in place. Instead, this article will explore the concepts of panic selling and capitulation as well as what a bottom will look like if these things occur. To date, you have not seen either of these things play out in the bitcoin price, as the selling has been very orderly for quite a while. Essentially, capitulation comes from....
What a difference a day makes, or so they say. Today's market fall was completely expected. We discussed the reasons in detail in yesterday's article. No need to rehash it today. But where do we go from here? Where and when is the bottom? Fake news from China is only excuse for the market to move. The only this we can say with certainty about the bottom of this market is we are 24 hours and $30 closer to the end than we were yesterday. But, of course, that is unsatisfying to say the least. So let's indulge in a bit of speculation. 60-minute Chart. The 60-minute chart us the market found....
The Bitcoin price has risen above $35,000 for the first time since early May 2022, for which there are a number of reasons beyond mere speculation. These are the five most important reasons. #1 BlackRock’s Spot Bitcoin ETF Approval Looms Large The primary driver behind the surge seems to be the growing anticipation surrounding the […]