There are five key indicators that can help investors tell if Bitcoin is bearing a local top, and one of them is already flashing red.
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Bitcoin dominance has notched a new yearly high amid a brutal Ethereum-led sell-off.
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A sudden crypto market nosedive has seen over $600 million in leveraged long positions wiped out, as Bitcoin, Ether and otther cryptocurrencies tumbled sharply.
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Analysts say Bitcoin could sink as low as $50,000 but said strong macro and an entrenched “buy the dip” mentality could see price rebound quickly.
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The notion that BlackRock gains from cheaper Bitcoin for its ETF launch isn’t straightforward, neither is the government’s suppression of BTC price.
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Bitcoin’s price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop.
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