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Bitcoin (BTC) may fall more than 40% from last week's bottom, new data warns as one analyst confronts what he says is now a bear market.In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform to
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It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on May 5 to nearly $0 on May 12. As the market slowly gained clarity on what transpired, the trading volume of LUNA saw a steep recovery of over 200% over
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Stablecoins are tokens tracked by a blockchain, but in contrast to assets like bitcoin (BTC), they’re intended to consistently match the buying power of a fiat currency, most often the U.S. dollar. Stablecoins were first created to give active crypto traders a tool for moving quickly between more volatile positions,
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The annualized one-month implied volatility, investors' expectations for price turbulence over the next four weeks, has increased from 68% to 77% this month, according to data provided by Skew. The three- and six-month gauges have gone up from roughly 67% to 74%. Source
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A major rally in Waves’ price this week that saw it nearly double risks faltering in the coming sessions due to a “death cross” technical pattern.Waves’ price crashed 85% after ‘death cross’ in 2018A death cross measure appears when an asset’s long-term moving average closes above its short-term moving average. Notably, on the
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“Death Row will be an NFT label, we will be putting out artists through the metaverse and a whole ‘nother chain of music,” Snoop Dogg, whose given name is Calvin Broadus Jr., said, according to an audio recording of the call. “Just like when we broke the industry when we
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Solana (SOL) looks poised to paint its first “death cross” this week, raising fears that its ongoing selloff would continue further into February.Real selloff threatNotably, the SOL price's 50-day exponential moving average (50-day EMA; the red wave) will eventually close below its 200-day EMA (the blue wave), signaling a bearish
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That said, the technical indicator’s past record as a predictor of bear markets is mixed. According to research by Kraken, many of bitcoin’s previous death crosses, including those seen in 2014 and 2018, coincided with “either a sell-off in the days that followed or a continued macro downtrend that confirmed
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Bitcoin (BTC) formed a trading pattern on Jan. 8 that is widely watched by traditional chartists for its ability to anticipate further losses.In detail, the cryptocurrency's 50-day exponential moving average (50-day EMA) fell below its 200-day exponential moving average (200-day EMA), forming a so-called "death cross." The pattern appeared as
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A technical sell signal is about to appear on the Bitcoin (BTC) daily chart.On Dec. 18, the BTC price will experience a death cross, a market indicator that occurs when a short-term moving average slips below a long-term moving average. In this case, Bitcoin's 20-day exponential moving average (20-day EMA)
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