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Bitcoin (BTC) dropped to weekly lows at the Aug. 17 Wall Street open as upcoming Federal Reserve comments unsettled risk assets.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar climbs as Fed minutes dueData from Cryptox Markets Pro and TradingView tracked a more than 2% daily decline in BTC/USD, which hit $23,325
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The bitcoin mining difficulty ribbon, comprising short and long-duration simple moving averages on the mining difficulty, has compressed for the first time in over a year, indicating miner capitulation. The previous bear markets, including the one seen in 2014, ended with the ribbon compression, data provided by analytics firm Glassnode
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Summary: Arthur Hayes has forecasted that Bitcoin’s most recent low, around $18k, could constitute a bottom. According to his analysis, a classic bottom is usually tested before a bull market begins, and $18k is no different. He sees the rally from $18k levels to $24k as a potential ‘short covering.’ He anticipates a proper
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As retail and short-term investors are purged from the market during these mass sell-offs, the saturation of "HODLers," or the cohort of price-insensitive long-term investors, swells. The more HODLers there are, the stabler crypto prices become and the likelier it is that the market has bottomed out. Original Source
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“When will it end?” is the question that is on the mind of investors who have endured the current crypto winter and witnessed the demise of multiple protocols and investment funds over the past few months.This week, Bitcoin (BTC) once again finds itself testing resistance at its 200-week moving average and the
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Data shows Bitcoin has broken above the realized price once again as the crypto surges to $22k. Will the recovery hold this time? Bitcoin Makes 2nd Attempt To Break Above Realized Price In 10 Days As pointed out by an analyst in a CryptoQuant post, BTC may be finally shooting above the
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By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock Despite last week’s news regarding the latest inflation data, the crypto market has seen a relief rally since.
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There’s no rest for the weary during a bear market, and the Crypto Fear and Greed index shows that investor sentiment has been stuck in a state of "extreme fear" for a record 70 consecutive days.As the market looks for a catalyst to reverse the trend, there is little on
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While American stocks plunged at the opening of Wall Street on July 14, Bitcoin escaped losses, but traders remained uneasy. Analysts Weigh In On Bitcoin Bottom The S&P 500 and Nasdaq Composite Index both fell by about 1.8% at the time of writing as Wall Street opened in the red. Although the largest
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The Mayer Multiple helps investors identify oversold and overbought conditions by comparing the market value to the 200-day SMA. Source
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