Countdown To ‘Bitcoin Bottom Day’: Why September 21 Could Change Everything
Bitcoin (BTC), the leading cryptocurrency, has experienced a notable decline, erasing the gains it achieved following the recent decision by the US Federal Reserve (Fed) to cut interest rates. After soaring to nearly $118,000—just 5% shy of its all-time high—the market has faced renewed uncertainty. Despite this setback, experts emphasize that the long-term outlook for Bitcoin remains optimistic, especially as September 21 approaches, a date identified as pivotal for Bitcoin’s price trajectory. Will September 21 Mark The Start Of A New Bull Run? Market analyst Timothy Peterson highlights....
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Following a period of intense volatility and a significant price movement, Bitcoin’s market is now experiencing a predictable consolidation phase, characterized by what traders call intraday chop. This is not a sign of weakness but rather a natural and often necessary stage in any market cycle. A Necessary Foundation For The Next Move In an X post, a dedicated crypto enthusiast, Uniswap Gems, provided a clear-eyed view of Bitcoin’s current price action, stating that the market is in a predictable phase of intraday chop after a period of extreme volatility. Related Reading:....
Over the past week, the Bitcoin market experienced significant volatile price action, resulting in a net price loss of 0.07%. Notably, the crypto market leader initially surged to $118,000 as bullish sentiments rose after the US Federal Reserve announced the first interest rate cut of 2025. However, Bitcoin has since retraced to around $115,700 in the past 24 hours, as transaction activity cooled off. In studying the asset’s price structure, a popular market analyst with the X username KillaXBT has highlighted two important price levels. Related Reading: Countdown To ‘Bitcoin Bottom Day’:....
According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. However, while most halving countdown clocks leverage the ten-minute average, the countdown leveraging the most current block intervals of around 7:65 minutes shows the halving could occur in 2023.
Faster Block Intervals Suggest Bitcoin Halving Could Happen in 2023
Just recently, at block height 757,214, mined on October 5, 2022, Bitcoin’s total hashrate tapped an all-time high (ATH) at 321.15 exahash....
Bitcoin has suffered heavy losses along with most of the crypto market following the flash crash that happened on El Salvador’s “Bitcoin Day”. The digital asset has been trying to recover from this loss since it occurred two days ago on September 7th. Part of the cause of the crash has been attributed to a “buy the rumor, sell the news” event triggered by the adoption of bitcoin by El Salvador. But the charts show another factor that led to the crash. Related Reading | Standard Chartered Takes Bullish Stand On Ethereum, Puts Price At $35,000 If anything, the official implementation of....
Many successful traders look for double bottom and W bottom reversal patterns on technical charts in order to spot powerful price reversals. Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed direction.While several patterns signal a possible trend change, one of the easiest to spot is the double bottom pattern. This can help traders change their strategy....