Friday, March 29, 2024
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3 striking similarities with past Bitcoin price bottoms — But there’s a catch

Bitcoin (BTC) has been consolidating inside the $18,000-$20,000 price range since mid-June, pausing a strong bear market that began after the price peaked at $69,000 in November 2021.Many analysts have looked at Bitcoin's sideways trend as a sign of a potential market bottom, drawing comparisons from the cryptocurrency's previous bear

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Bitcoin price indicator that marked 2015 and 2018 bottoms is flashing

Bitcoin (BTC) could undergo a massive price recovery in the coming months, based on an indicator that marked the 2015 and 2018 bear market bottoms.What's the Bitcoin Pi Cycle bottom indicator? Dubbed "Pi Cycle bottom," the indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA).

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Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floor

Bitcoin (BTC) needs to go lower before putting in a macro bottom, one of the market’s most accurate indicators shows.Data from sources including on-chain analytics firm Glassnode shows Bitcoin’s MVRV-Z Score is almost — but not quite — signaling a price reversal.MVRV-Z Score inches towards macro bottomAmid ongoing debate whether

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Bitcoin long-term hodlers begin ‘distribution’ which preceded BTC price bottoms

Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders' demands for a new macro low persisted.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewLong-term holders begin 'distribution'Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stuck between $29,000 and $30,000 into the weekend.The pair had managed a revival to

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Galaxy Capital’s Mike Novogratz Warns that Finding Crypto Bottoms is Dangerous, Altcoins Could Dump by Another 70%

Summary: Mike Novogratz has warned the crypto community against picking price bottoms as it is dangerous. He also pointed out that most altcoins are down by over 80% from their highs, and the losses in the 2018 bear market were over 95%. Consequently, altcoins will likely drop by another 70% from their current

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