Ethereum’s token, Ether (ETH), has hit multi-year lows against Bitcoin (BTC), raising concerns among analysts for more potential declines. Recently, the ETH/BTC trading pair dropped to its lowest since May 2020, losing over 85% from its peak in 2017. This ongoing downtrend is fueled by several factors, including fierce competition from other blockchains like Solana ...
A crypto analyst, Matthew Hyland, suggests that Bitcoin needs to close above $89,000 by the end of the week to signal an end to its current downtrend. He highlighted this in a recent video, stating that a failure to do so could lead Bitcoin’s price to drop to between $69,000 and $74,000, a level it ...
Recent analysis reveals that Bitcoin’s 50-week moving average (MA) is currently at $75,195, a critical level that has historically marked the boundary between bear and bull markets. Analyst James Van Straten pointed out that Bitcoin has dropped below the 200-day MA, a negative signal indicating potential bearish trends. While Bitcoin is still above the 50-week ...
On March 9, Bitcoin closed at $80,688, marking its lowest point since November 2024 and falling below its key 200-day moving average again. This indicates a potential decline in value as the Crypto Fear & Greed Index shows extreme fear among investors. A recent Monte Carlo simulation predicts Bitcoin could rise by 800%, estimating a ...
Bitcoin faces challenges in surpassing the $94,000 mark after a recent attempt to do so failed, according to Bitfinex analysts. They noted that significant selling pressure in the Bitcoin Market has erased gains from a brief surge following former President Trump’s announcement of a crypto reserve. Currently trading around $87,190, Bitcoin needs to rise nearly ...
Bitcoin is facing a significant correction, dropping to its lowest point since early November 2024. This decline has alarmed investors, raising fears of a possible bear Market and shaking the previously optimistic outlook for Bitcoin and altcoins. Currently trading around $80,190, Bitcoin has lost over 18% of its value recently, with many traders now holding ...
Bitcoin is nearing a crucial price level as it approaches last year’s downside target, currently trading around $82,160. Analyst Rekt Capital highlighted a significant “gap” in Bitcoin’s futures Market, indicating potential price movement. Bitcoin has recently bounced back about 5% after hitting multi-month lows. Despite this, concerns linger regarding the Market‘s next bottom due to ...
Bitcoin is experiencing a significant decline, dropping below the crucial $90,000 support level after failing to maintain its position above $95,500. Currently, BTC is trading around $88,500, consolidating after testing the $86,000 mark. If Bitcoin can’t rise above the $90,000 resistance soon, further declines could occur, with key support levels at $88,000 and $86,000. On ...
Bitcoin has dropped below $92,000 after a recent surge, marking a significant decline from $96,000. This decrease coincides with a notable increase in open futures positions on Binance, suggesting a rise in bearish sentiment as traders likely opened short positions, anticipating further declines. The cumulative volume delta indicates that selling pressure is surpassing buying activity. ...
In a recent report, Joe Consorti, Head of Growth at Theya, addressed rumors about Bitcoin’s price being artificially suppressed. He analyzed on-chain data, noting that long-term holders tend to sell their Bitcoin during price increases, which reflects normal Market behavior. Consorti explained that the current 100+ day price consolidation around $95,000 is typical and may ...
