Why The Bitcoin Price Might Never Drop Below $100,000 Again
Crypto analyst PlanB has explained why the Bitcoin price may never drop below $100,000 again. This comes as market participants continue to speculate on whether the flagship crypto could fall below this psychological level if a full-blown bear market were to occur. Bitcoin Price Has Likely Turned $100,000 Into Support PlanB stated in an X post that he will not be surprised if the Bitcoin price does not drop below $100,000 again as the market witnesses the $100,000 resistance turn into $100,000 support. The analyst further noted that the September close was the fifth consecutive monthly....
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So now bitcoin price has gone down again. After a recent surge of about $20 that got digital currency enthusiasts everywhere feeling pretty happy again, the price has now gone down by about $10 and is hovering around the $233 line. Naturally, many of us are pretty disappointed, and yet at the same time, such a drop was to be expected. With the recent malicious activity striking bitcoin exchanges all over the globe, a bitcoin price drop was probably inevitable. We saw similar circumstances with the Bitstamp hacking, and now we're likely to see it again here, especially considering there....
Bitcoin faced a strong drop into Friday. The cryptocurrency, after peaking at $40,000, fell as low as $34,000 in a flash drop on Friday morning. The drop was odd because the cryptocurrency was strongly underperforming altcoins. Normally, during Bitcoin corrections, altcoins fall against the U.S. dollar and against BTC, though this was not the case. […]
The fact that bitcoin is endowed with a somewhat volatile nature does not come as a surprise to cryptocurrency enthusiasts, who saw it soar beyond $1,000 in late 2013, only to see it diminish in value again throughout 2014, and drop a further 40% at the beginning of this year. What happened in the early hours of yesterday, however, caused shockwaves far beyond the bitcoin community. The price crashed from $224 at midnight to around $175 (a drop of almost 22%) in just a matter of hours, before rebounding again. Unsurprisingly, the drop in value has set off a whirlwind of conversation about....
Bitcoin has undergone a strong drop since the highs seen yesterday. The price of the leading cryptocurrency fell from its highs of $13,850 to lows around $12,900. This drop was seemingly a result of the drop in the U.S. stock market. The Dow Jones and the S&P 500 have dropped the largest they have in […]
Bitcoin is currently experiencing a downward correction after the price moved past $50K on Monday. While corrections down are to be expected with such a rally, indicators point to this being a bearish scenario for bitcoin. The price looks set to drop further after this correction. This would most likely see bitcoin lost a good percentage of the gains it had made last week. Related Reading | South African Man Loses $900,000 Worth Of Bitcoin After Accidentally Deleting Keys Even though bearish scenarios look negative for the market at large, this scenario is most likely going to play....