Analysts pinpoint bull and bear scenarios as Bitcoin price dips below $56K
BTC price dropped below $56,000 again, leading analysts to discuss various bull and bear scenarios for Bitcoin’s short term price action. Go to Source Powered by WPeMatico
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Traders say Bitcoin’s drop to $57K is an ‘attractive entry’ for hodlers
Bitcoin price fell below the $57,000 level today, sparking a widespread sell-off in ETH and altcoins but traders say the current range presents an “attractive entry” for hodlers. Go to Source Powered by WPeMatico
Crypto Markets Shed Billions Overnight — Analyst Says ‘Drawdown Normal’ and ‘Bull Market Structure Still Intact’
Cryptocurrency markets have dropped significantly in value during the last 24 hours as the entire market capitalization of all 10,000 crypto assets in existence has dropped below the $3 trillion mark to $2.77 trillion on Tuesday morning (EST). After tapping $66K on Monday, bitcoin’s price slid below the $60K handle to a low of $58,563 … Read more
Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K
Rising U.S. inflation and overblown fears about Evergrande contagion might be factors behind BTC’s recent pullback, but most analysts view the drop as a “necessary retest.” Go to Source Powered by WPeMatico
Analysts expect parabolic Bitcoin price move after the ‘last’ resistance at $67K falls
Analysts say BTC price is set for a near parabolic price move once the “last” resistance at $67,000 is cleared. Go to Source Powered by WPeMatico
Bitcoin’s consolidation is ‘normal’ — Analysts set $80K BTC price target
BTC’s sideways price action has pushed some traders into altcoins, but analysts are confident that the next breakout will push Bitcoin price above $80,000. Go to Source Powered by WPeMatico
Hawkish Fed comments and fears of stablecoin regulation spark market sell-off
BTC, ETH and altcoins saw a slight pullback a day after the Federal Reserve signaled that its monetary policy is subject to cool off soon. Go to Source Powered by WPeMatico
Institutional managers bought $2B worth of Bitcoin in October
October was a record-breaking month for BTC funds thanks to the approval of two futures-linked ETFs in the United States. Go to Source Powered by WPeMatico
Ethereum’s new all-time high prepares ETH for ‘continuation to $5,000’
Analysts say multiple factors point toward ETH rallying to $5,000 and BTC is not expected to encounter significant resistance until $85,000. Go to Source Powered by WPeMatico
Bitcoin hodling rate reaches 9-month high, boosting hopes of ‘bull flag’ rally to $70K
The number of “hodled” and presumably lost Bitcoin tokens continues to surge in sync with the BTC price. Go to Source Powered by WPeMatico