Market Pressure – DIGIT INFO

Heavy Sell-Off Pushes Bitcoin to $58.8K, Cautious Buying Fuels Modest Recovery

DIGIT — Fri, 11 Oct 2024 02:01:31 +0000

The price of bitcoin dipped to $58,867 on Thursday, around 2 p.m. Eastern Time, but by 8:50 p.m. it had climbed back above $60,000. The initial drop reflected heavy selling pressure, but the later rebound—though slow—suggests a potential recovery might be on the horizon. Bitcoin Reclaims $60K After Market Dips: Traders Face $191M in Losses […]

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Report Highlights Short-Term Bitcoin Holders Facing Heightened Unrealized Losses

DIGIT — Sat, 07 Sep 2024 13:30:14 +0000

A recent report from Glassnode, led by researchers Ukuriaoc and Cryptovizart, highlights growing stress among short-term bitcoin (BTC) holders. As market pressure mounts, these investors experience heightened unrealized losses, suggesting they may drive future sell-side activity. Glassnode: Unrealized Losses Climb for Short-Term Bitcoin Investors According to Glassnode’s onchain analysis, short-term bitcoin (BTC) holders are currently […]

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Bitcoin Technical Analysis: BTC Pushes Through Resistance, Bullish Momentum Builds

DIGIT — Mon, 15 Jul 2024 12:14:56 +0000

Bitcoin is currently priced at $62,612, with a 24-hour intraday price range of $59,302 to $63,259. The market capitalization stands at $1.23 trillion, and the 24-hour trade volume is $28.37 billion. Bitcoin The BTC/USD 1-hour chart indicates a recent uptrend starting from $59,302, peaking at $63,259. A consolidation phase followed this peak, with minor pullbacks […]

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Bitcoin Technical Analysis: Bulls Held Back by Selling Pressure and Key Resistance

DIGIT — Fri, 12 Jul 2024 12:15:34 +0000

Bitcoin’s price on July 12, 2024, exhibits a clear bearish trend across multiple timeframes. The leading cryptocurrency’s current price stands at $57,237, with a notable intraday range from $56,608 to $59,516. Bitcoin On the 1-hour chart, bitcoin shows a decline from a high of $59,516, forming lower highs and lower lows, indicative of a bearish […]

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Bitcoin Technical Analysis: BTC Prices Rebound Following $53,550 Low

DIGIT — Mon, 08 Jul 2024 12:30:18 +0000

Bitcoin’s price stands at $57,206, with an intraday 24-hour range between $54,296 and $58,441. The market capitalization is $1.12 trillion, and the 24-hour trade volume reaches $33.69 billion. Bitcoin Bitcoin’s 1-hour chart shows a recent downtrend from $58,441 to $54,296, followed by a sharp recovery to approximately $57,500. The support level is firmly established at […]

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Bitcoin Technical Analysis: BTC Slips Below $60K Closing CME Gap

DIGIT — Wed, 03 Jul 2024 11:53:01 +0000

Bitcoin’s price on July 3, 2024, stands at $60,177, with a 24-hour intraday range from $59,712 to $62,974. The trading volume over the past 24 hours reached $24.36 billion, and the market capitalization is currently at $1.18 trillion. Analyzing various time frames and technical indicators reveals consistent bearish signals, suggesting caution for traders. Conversely, the […]

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Bitcoin Bulls Advance Price, Face Resistance at $64K

DIGIT — Mon, 01 Jul 2024 20:34:59 +0000

The price of bitcoin (BTC) hit an intraday peak of $63,794 on Monday, reflecting a 2% gain against the U.S. dollar in the past 24 hours. Currently, BTC is trading at $63,070 per unit. The day’s upward movement led to $124.64 million in crypto short and long liquidations, with bitcoin shorts comprising $49.85 million. $49M […]

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Bitcoin Technical Analysis: BTC Bulls Test Upper Resistance

DIGIT — Mon, 01 Jul 2024 11:51:23 +0000

Bitcoin’s price on July 1, 2024, stands at $62,769, with a 24-hour intraday price range of $61,261 to $63,694. The cryptocurrency’s market capitalization is $1.23 trillion, and the 24-hour trade volume is $21.98 billion. Bitcoin Bitcoin’s hourly chart presents a strong upward trend starting from approximately $60,620, peaking at $63,724, followed by a slight decline. […]

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Bitcoin Technical Analysis: BTC Faces Continued Downtrend Amidst High Selling Pressure

DIGIT — Fri, 21 Jun 2024 11:40:29 +0000

Bitcoin’s price continues its downward trajectory, coasting along at $63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders as bearish trends dominate the charts. Bitcoin In the short term, the 1-hour chart indicates […]

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EOS Price: Dip Below $5 Looms as Momentum Sours Yet Again

DIGIT — Sun, 12 Aug 2018 18:32:22 +0000

Most of the positive momentum forming across different cryptocurrency markets earlier today has completely evaporated. The coming week will be another tough nut to crack for Bitcoin and the thousands of alternative cryptocurrencies. The EOS price is already feeling the pressure, as it is on the verge of dipping below $5. EOS Price Comes Under ... Read more