No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge. Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders looks to $19,500 for supportData from Cointelegraph Markets Pro… More
The 200-week moving average is back on the menu for BTC/USD, but altcoins are shining as the week ends. Bitcoin (BTC) headed toward the upper end of its trading range on June 24 as optimism crept back into tradersâ forecasts.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price “ready for $23,000″Data from Cointelegraph Markets Pro and… More
Hodlers have not needed to hodl hard enough, data covering historical bear markets shows. More than half of Bitcoin (BTC) addresses are still in profit, raising questions about the severity of the current âbear market.âData from on-chain analytics firm Glassnode confirms that as of June 20, 56.2% of addresses were still worth more in United… More
Dark days for crypto institutional investors as contagion fears are magnified and asset prices tumble. The largest Bitcoin investment vehicle, the Grayscale Bitcoin Trust (GBTC), is now trading at its biggest ever discount to the spot market.Data from on-chain analytics resource Coinglass shows GBTC shares down 34% versus Bitcoin (BTC)/USD on major exchanges as of… More
Consensus says that $22,400 marks the start of possible bottom territory, but the downside targets technically extend all the way to $11,000. Bitcoin (BTC) is trading at its lowest since mid-December 2020 on June 13, but the bottom could be anywhere.As the weekend sell-off intensifies, BTC/USD has now broken below its realized price for the… More
New generation Bitcoin mining machines would remain profitable even if the BTC price crashes by another 50%. Older Bitcoin (BTC) mining rigs are finding it difficult to generate positive revenues during the ongoing crypto market decline.75% drop in Bitcoin mining profitabilityThe profitability of many Application Specific Integrated Circuit (ASIC) machines has dropped into the negative… More
The crypto sell-off is in full swing, and Wall Street has not even opened yet. Bitcoin (BTC) faced continued selling pressure before the June 13 Wall Street open as Ether (ETH) revisited multiyear lows.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin battles for $24,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD eclipsing its 10-month lows set in… More
Bitcoin sheds 12% in 24 hours as a fresh altcoin meltdown combines with macro pressures to offer nothing but misery for hodlers. Bitcoin (BTC) begins a new week with a totally different feel to last as BTC/USD seals its lowest weekly close since December 2020.A night of losses into June 13 means that the largest… More
Downside pressure for Terraform Labs’ LUNA2 mounts amid investigations and rumors from a “Terra insider.” Terra (LUNA2) reversed a portion of the losses this June 9 as its price per token rose by as much as 67.5% on the day, catching many traders off-guard with their perpetual swap positions.LUNA2 traders are shorting itIn detail, LUNA2’s… More
Bitcoin simply will not budge from its multi-week range, and morale is suffering as a result. Bitcoin (BTC) wicked through $30,000 during June 9 as the Wall Street open revealed an ongoing stocks correlation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader sees “relief” from US CPI printData from Cointelegraph Markets Pro and TradingView showed BTC/USD threatening to… More
Mixed messages on BTC price action as Fundstratâs Tom Lee hopes Bitcoin has âalready bottomed.â Bitcoin (BTC) retains two of its best-known proponents, but one has cooled its BTC price forecasts considerably.In an interview with CNBC on June 9, Tom Lee, co-founder of independent research firm Fundstrat, revealed that he was unsure if BTC/USD would end… More
It’s touch-and-go for BTC bulls this Sunday with a tenth red weekly candle still at stake. Bitcoin (BTC) kept traders guessing into the June 5 weekly close as BTC price action closely mimicked last weekend.BTC/USD 1-week candle chart (Bitstamp). Source: TradingViewBTC price traders $300 in the greeData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling… More
Weakness across markets means fresh bad news for Bitcoin, with analysts struggling to find any positive news. Bitcoin (BTC) lost bullish momentum at the June 1 Wall Street open as United States equities faced another day of retracement.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewZooming out, “nothing” has changedData from Cointelegraph Markets Pro and TradingView captured a… More
The launch of the new LUNA mainnet comes as problems persist for other well-known altcoins. Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/USD refused to offer volatility up or down.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView”Not the decoupling we wanted”Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency sticking… More
Volatility is primed to return after upside above $29,000 fails to become an enduring trend. Bitcoin (BTC) clung to $29,000 at the May 27 Wall Street open as crucial support levels lay just hundreds of dollars from spot price.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewTrader demands higher low above $28,000Data from Cointelegraph Markets Pro and… More
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