On-chain data shows Bitcoin short-term holder profit-taking has spiked, will this lead to a correction in the price of the crypto?
Bitcoin Short-Term Holder SOPR Has Surged Recently
As pointed out by an analyst in a CryptoQuant post, instances of the current trend have led to declines in the crypto’s price in BitcoinBTCCorrectHoldersProfitsshortterm Read More
Bitcoin (BTC) price and the wider crypto market corrected as news of coordinated “international cryptocurrency enforcement action” stirred up uncertainty among traders.Given the number of black swan events and the proliferation of crypto-oriented scams in 2022, most investors expect U.S. and global regulators to eventually lay down a strong hammer BitcoinBitzlatoCorrectcryptoexchangeEconomicEthereumExchangesLayoffsTakedownTechWorries Read More
Bitcoin price climbed further higher above $18,500. BTC tested the $19,000 resistance zone and is currently consolidating gains.
Bitcoin climbed further higher above the $18,000 and $18,500 resistance levels.
The price is trading above $18,200 and the 100 hourly simple moving average.
There is a connecting bullish trend line forming with support near 19KBitcoinBTCCorrectPriceShortSpikesTerm Read More
While Bitcoin (BTC) investors may not consider the U.S. midterm elections as a significant event, an eerie fractal from 2018 may provide a clue to what could happen before the year ends.Bitcoin to hit $12K–$14K after midterms?Comparing Bitcoin's price actions prior to the midterm elections of 2018 with those of BitcoinBTCChartCorrectcryptoexchangeDumpElectionsExchangesFractalPostmidterm Read More
Ethereum started a downside correction from $1,630 against the US Dollar. ETH could extend losses if there is a clear move below the $1,480 support.
Ethereum started a downside correction from the $1,630 resistance zone.
The price is now trading below $1,500 and near the 100 hourly simple moving average.
There is a CorrectDipsETHEthereumHighs Read More
Ethereum failed to surpass $3,050 and corrected lower against the US Dollar. ETH price is declining and might test the $2,800 support zone in the near term.
Ethereum failed to continue higher above $3,040 and started a downside correction.
The price is now trading above $2,880 and the 100 hourly simple moving 28KbearishCorrectEthereumPatternPrints Read More
While Bakkt faces 90% erosion in its market cap, the company spokesperson confirms that they are well capitalized for their long-term plans.While cryptocurrency prices have plummeted severely over the last two months, crypto asset management platform Bakkt (NYSE: BKKT) has witnessed a deeper correction in its stock price. Shares of AssetBakktCorrectDigitalLaunchManagementMonthsPlatformShares Read More
Bitcoin price started a downside correction from well above $64,000 against the US Dollar. BTC could extend its decline below the $60,000 support in the near term.
Bitcoin failed to stay above $62,000 and extended its decline.
The price is now trading below $62,000 and the 100 hourly simple moving average.
There is 60KBitcoinCorrectNearterm Read More
Bitcoin price failed to stay above $50,000 and corrected lower against the US Dollar. BTC could correct lower towards the $48,250 support in the near term.
Bitcoin tested the $50,500 resistance level before correcting lower.
The price is now trading near $49,000 and the 100 hourly simple moving average.
There was a break 50kBitcoinBTCCorrectGainsRejected Read More
Bitcoin price is facing a strong resistance above $46,500 against the US Dollar. BTC is slowly correcting lower and it might test the $44,500 support zone.
Bitcoin made a few attempts to settle above $46,000, but it failed.
The price is still trading above $45,000 and the 100 hourly simple moving average.
There BitcoinBTCCorrectFacesHurdlesshortterm Read More