Tag: bitcoin dominance

Last week was a red week for the cryptocurrency community. In the past 7 days, most coins lost in their market capitalization. Many investors liquidated their positions because of this previous price dip. Moreover, Bitcoin's price- action seemed to have...

Quick take: Bitcoin's dominance has fallen consistently since the beginning of 2021 BTC's dominance fell from 73% to 59% allowing alt-coins to thrive Bitcoin's dominance is now battling to regain the crucial 63% that could see BTC back in full control of the crypto markets Bitcoin is at the cusp of confidently breaking $50k and pushing harder to $60k The King of Crypto,...

Summary: Bitcoin's dominance tested 73% on January 3rd This level was last seen in September of 2019 and is a crucial resistance area If Bitcoin pushes above this level, altseason will be postponed Conversely, if Bitcoin corrects and fails to break the 73% dominance, alts might just thrive The King of Crypto, Bitcoin (BTC), has just set a new all-time high value of...

Quick take: Timothy Peterson has identified $30k as a possible 'red alert' zone for Bitcoin At this level, Bitcoin has a higher chance of experiencing a future large crash such as the ones witnessed in 2012, 2014 and 2018 Bitcoin has broken the $25k, $26k and $27k price ceilings in less than 24 hours $28k is a few hundred dollars away for Bitcoin...

Quick take: Bitcoin whales holding more than 1,000 BTC sold their bags at $19,300 11 of such whales sold enough to no longer be in the 1,000+ coin list Selling by whales is usually a tell-tale sign of a possible top A pull-back to the 50-day MA is possible before another push up by Bitcoin Bitcoin (BTC) whales owning 1,000 or more coins...

Bitcoin rebounded from another $1000 flash crash after registering a daily low of $17,671 on Sunday after breaking past the key resistance of $18,500. The king coin is currently trading at $18,705 registering a 2.30% rise over the past 24 hours. However, it is important to note that BTC is losing steam at the top The post Declining Bitcoin [BTC] Dominance Boosts Altcoin...

After brushing its all-time level, Bitcoin corrected slightly as predicted...

Chainlink's governance token LINK is emerging as a scapegoat asset for prominent Bitcoin traders. At least one of them has openly stated that he uses the decentralized finance cryptocurrency as a hedge against a potential Bitcoin drop. In simple words, if the price of Bitcoin tops...