U.S. debt ceiling crisis: bullish or bearish for Bitcoin?
In the latest Cryptox Report, we assed the risk of
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bearish
Bitcoin’s dive under $27K liquidates $100M — So why aren’t margin traders flipping bearish?
Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. In result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated. However, Bitcoin margin and futures markets displayed strength during the down-move, fueling hope of a recovery toward
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Bitcoin price crawls 2.5% off lows as weekly chart risks ‘bearish engulfing’
Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$26,600 becomes popular BTC price targetData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose to circle $27,700 at the time of writing.Up around 2.5% from
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Bitcoin's Move Below 20-DMA Possible Short-Term Bearish Signal, Analysts Say
The world’s largest cryptocurrency by market value traded at a 10-day low and slipped below the 20-day moving average. Source
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Bitcoin price faces ‘bearish divergence’ amid $22K correction target
Bitcoin (BTC) held $30,000 as support before the April 11 Wall Street opening, with fresh doubts emerging over the rally’s strength.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price finally tackles $30,000 resistance cloudData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hit ten-month highs of $30,438 on Bitstamp.Almost
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First Mover Americas: Ether Options Tilting Bearish
The latest price moves in bitcoin (BTC) and crypto markets in context for April 10, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Bitcoin Stuck in Bearish Elliott Wave Pattern Despite 47% Rally, QCP Capital Says
In wave theory, market trends unfold in five waves, three of which represent the primary trend and the other two mark partial retracements within the primary trend. Bitcoin's year-to-date rally seems to be a retracement wave ahead of the final leg lower, QCP Capital said. Source
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Ethereum’s $1.5K support weakens as ETH traders turn slightly bearish
The price of Ether (ETH) declined 10.2% between Jan. 8 and Jan. 10, and has since been range trading near the $1,500 level. More importantly, on a broader time frame, Ether is down 52.5% in twelve months, which partially explains why derivatives metrics were somewhat neutral after Ether’s failed attempt
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BNB Token Slides Under $300, Binance USD Inflows Signal Bearish Signs
Paxos issues the Pax dollar (USDP) and Binance USD (BUSD) tokens, the latter is a Binance-branded stablecoin. Binance, on its part, told CryptoX on Monday: “BUSD is a stablecoin wholly owned and managed by Paxos. As a result, BUSD market cap will only decrease over time.” Source
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SOL, ADA Plunge, as Market Momentum Turns Bearish – Market Updates Bitcoin News
Solana slipped to a three-week low on Feb.10, as momentum in cryptocurrency markets remained firmly bearish. At the time of writing this, the global market cap is trading 4.23% lower, with bears recapturing sentiment. Cardano was also on the decline, falling by as much as 8% today. Solana (SOL) Solana (SOL) prices
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