Bitcoin Price Under Pressure? Analyst Explains Why Retreat Below $66,000 Is B...
A crypto analyst has pinpointed the $66,000 mark as a crucial level for the Bitcoin price and its trajectory over the coming weeks. Bitcoin Price Needs To Climb Above $66,000 — Here’s Why Popular crypto pundit Ali Martinez took to the X platform to share an interesting on-chain observation for the price of Bitcoin. This on-chain revelation revolves around the warm supply realized price metric, which is derived from the average purchase price of Bitcoin that has been inactive for one to three months. Related Reading: ADA At A Crossroads: Approaching $0.3389 Support With Potential For A....
Related News
After hitting a new all-time high last month, the Bitcoin price has since retraced by more than 10%, crashing below $110,000 once again. This bearish pressure has continued into the new month, with sell-offs being the order of the day, especially as investors move to secure their profits. Despite calls for a possible bottom, a crypto analyst has suggested that the Bitcoin crash is far from over. In fact, going by the analysis, the decline may just be starting as Bitcoin is expected to tumble further. Why A Crash To $93,000 Is Imminent In the analysis, crypto analyst MMBTtrader acknowledges....
Bitcoin bulls should prepare for a price rally towards $23,000, according to an independent analyst.
The Ethereum price had hit a new all-time high above $4,900, but had quickly retraced as a result of heavy selling. This has since turned sentiment around the cryptocurrency toward the negative. However, not everyone is on the bandwagon as crypto analyst JACKIS believes that the digital asset is still bullish. In fact, the analyst explains that the […]
Dutch crypto analyst Gert van Lagen has shared an audacious bullish prediction of Bitcoin for the current bull cycle. This development comes amidst a continuous consolidation in the BTC market marked by no substantial price action in the past day. Related Reading: Bitcoin Open Interest Reveals Plenty New Positions Have Been Opened – Analyst Expects […]
The XRP price continues to remain suppressed under the heat of the Ripple vs. the United States Securities and Exchange Commission (SEC) legal battle. This suppressed price action has continued to discourage investors when its comes to the altcoin. However, not everyone has succumbed to the bearish pressure, as crypto analyst RLinda believes that the XRP price could be attempting a decoupling that could lead to a price breakout from here. XRP Price Decoupling Could Trigger Price Crypto analyst RLinda has forecasted a bullish picture for the XRP price where the altcoin could completely....