Market Jitters Rise As Bitcoin Pulls Back—Is $135K Still Possible?
Bitcoin has been moving sideways, and traders are starting to lose patience. The world’s largest cryptocurrency couldn’t hold recent highs, sparking talk about whether the market is bracing for a sharper swing. Some analysts say the pause is normal, others warn it could be the calm before the storm. Related Reading: XRP Chatter Reaches Ride-Share Drivers — Small Survey Shows Mixed Results Traders Watch Price Levels Closely Popular market watcher Daan Crypto Trades pointed out that Bitcoin’s struggle to pick a direction isn’t unusual. He noted the coin has been locked between support and....
Related News
Bitcoin looks set for a pause. Prices climbed to a fresh high, and now the market is showing signs of short-term cooling as some investors lock in profits. Related Reading: Market Jitters Rise As Bitcoin Pulls Back—Is $135K Still Possible? Price Pullback And Recent Rally Bitcoin was trading at $115,550 when this report was written, about 6% shy of its all-time high of $124,201 reached on Wednesday. The top crypto asset was up roughly 10% in the nine days leading up to that peak. That quick run-up helped push prices higher, but it also left some traders looking for a breather. ....
Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through. The CEO of crypto exchange Binance, Changpeng ‘CZ’ Zhao, raised concern for traders after learning about the infamous phenomenon of trade jitters on other crypto exchanges. Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through.Just learned a new word, jitters. On 1 particular exchange, sometimes your....
Creator of the popular Bitcoin price prediction chart “stock-to-flow”, PlanB, puts $135k target for BTC by December 2021. What Is The Bitcoin Stock-To-Flow Model? The BTC stock-to-flow (S2F in short) method is a price prediction model popularized by PlanB. S2F is based on the ratio between the stock (current supply) and the flow (annual production). It’s often thought that PlanB is the creator of the S2F model itself, however, that isn’t the case. The method has been used in the past for other assets like gold and silver, but PlanB was the first to implement it for....
New York State Senator Kevin Thomas, has proposed a bill that seeks to criminalize illegal crypto rug pulls. The lawmakers of New York state seemed to have been rubbed off the wrong way as it has been passing stringent signals to the crypto industry. The legislative amendment in concern proposes penalties for rug pulls and […]
An analyst is expressing apprehension regarding the price movement of XRP, cautioning that the cryptocurrency may be on the brink of a significant decline. A bearish price pattern is forming on the charts, which, if confirmed, could result in a significant selloff. This is the source of the jitters, crypto analyst Steph said. Some traders are now of the opinion that the future of XRP is contingent upon its ability to maintain a critical support level. Related Reading: $931 Million Bitcoin On The Move: Mt. Gox Sparks Market Jitters Head And Shoulders Pattern Causes Concern The chart of XRP....