Tag: bitcoin correction

May 09 2022

Bloodbath Alert: Bitcoin (BTC) Gives a Weekly Close Below 100-DMA for the First Time In Four Years

Over the last weekend, Bitcoin (BTC) and the broader crypto market witnessed a brutal sell-off with Bitcoin and the broader crypto market losing nearly 10%. In the last three days, the broader crypto market has eroded $250 billion of investors' wealth. The world's largest cryptocurrency Bitcoin (BTC) has slipped under $33,500 as of last week's...

Mar 07 2022

Gold Takes Center Stage As Bitcoin (BTC) Fails to Decouple With Equity

Bitcoin's role in the global financial turns increasingly important amid the geopolitical situation panning out with the Russia Ukraine crisis. After a move last to decouple itself from the equity market. Bitcoin failed to hold the ground and is down more than 20% from its recent $45,000 high. As of press time, Bitcoin is trading...

Oct 27 2021

Bitcoin Crashes To $58k As Short-Term Holders Take Profits

Bitcoin has crashed to $58k, and on-chain data may suggest that profit-taking from short-term holders may be behind the event. On-Chain Data Shows Bitcoin Short-Term Holders Are Taking Profits As pointed out by an analyst in a CryptoQuant post, short-term holders seem to have started taking their profits. And the timing may suggest this to be...

Oct 25 2021

Data Suggests Latest Bitcoin Correction Was Driven By Short-Term Holders

Oct 25 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin correction btc btcusd

On-chain data may suggest short-term Bitcoin holders could be behind the latest correction in the cryptocurrency's price. Bitcoin Short-Term Holders Behind The Correction? As pointed out by a CryptoQuant post, on-chain data may hint that selling from short-term holders might be the drive behind the recent correction. The relevant indicator...

May 05 2021

Bitcoin (BTC) Whale Accumulation Continues Amid Its Sideways Movement

After failing to cross the $59,000 market earlier this week on Monday, Bitcoin (BTC) has been trading sideways correcting almost 10% since then. At press time, the BTC price is trading 1.64% negative at $54,827 with a market cap of...

Apr 19 2021

Bitcoin Faces Do Or Die Situation, Will Miners Save the Day for BTC?

Bitcoin price on Sunday fell by nearly 10% reaching sub $54K levels and later recovered up to $57K on Monday before facing another wave of corrections leading to $54K levels again. While many analysts have pointed towards the recent...

Mar 31 2021

On-Chain Analysis: Analysts Predict BTC Won’t Revisit $46.8K Amid Correction Concerns

Bitcoin price registered a minor correction yesterday falling from above $59K to $57K levels which also led to liquidations of...

Breaking: Goldman Sachs All Set to Offer Bitcoin and Other Cryptos to its Wealth Management Clients

Goldman Sachs, the leading investment banking giant is all set to offer investment vehicles to Bitcoin and other cryptocurrencies to its wealth management client by the second quarter of 2020,...

Mar 02 2021

Popular Analyst Peter Brandt Predicts Bitcoin (BTC) Correction With Goldman Sachs Entry

On Monday, March 1, Wall Street banking giant Goldman Sachs announced that it will...

Jan 27 2021

Key Bitcoin Bull Indicator Turns Positive Again, Right Time to Long Bitcoin ?

Coinbase Premium which was negative for the past couple of days has finally turned positive and moved above 50 after almost a...

Jan 13 2021

Analyst Believes Institutions Won’t Allow Bitcoin (BTC) Price to Fall Below $28,000

Bitcoin (BTC) currently seems to be under selling pressure tanking another 4%...

Jan 12 2021

On-Chain Metrics Suggest Bitcoin Price Heading for Second Dump

Bitcoin price correction of over $10,000 on Monday led to high volatility in its price as traders both institutional and retail were seen selling aggressively. This also led to record trading...

Jan 11 2021

Bitcoin (BTC) Tanks Over 10% Below $36,000 Amid Huge Miner Selling Pressure

Finally, after an unprecedented rally during the first complete week of 2021, the BTC price has entered correction tanking more than 10% and slipping below $36,000 levels. At press time, Bitcoin (BTC) is down 11.58%...

Dec 18 2020

Bitcoin (BTC) RSI Levels Close to 90, Trader Expects 25-30% Sell-off In Early 2021

On Thursday, December 17, Bitcoin (BTC) made a record rally hitting its new all-time high above $23,500 levels. However, this was soon followed by a...

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