Tag: 113K

Why one Bitcoin analyst expects sudden ‘hell’s candle’ plunge to $11.3K

boss

Bitcoin (BTC) stayed above $13,000 on Oct. 27, but one analyst is warning that the largest cryptocurrency is due for a major correction. In a tweet on Tuesday, on-chain analyst Cole Garner forecast that BTC/USD could soon end its bull run and suddenly move lower in a “Hell’s candle” event on the daily chart. Garner to traders: “Watch your ass” Garner eyed Brave New Coin’s Bitcoin’s liquid coin index (BLX), a price calculator designed to assess at which price points liquidity should enter and exit the market, and the result…

Stocks Crash Can Stop $11.3K Bitcoin Price ‘In Its Tracks’ — Report

boss

Bitcoin (BTC) is showing all the signs of further price gains but macro markets could still bring the bull run to an end, says Glassnode. In its latest weekly update, The Week On-Chain, the analytics firm sounded the alarm about an external force “halting this bull run in its tracks.” Glassnode: This may be the beginning of next BTC bull market As BTC/USD challenged $11,500, Glassnode revealed various network fundamentals, which pointed the way to even stronger price performance. Combined in its Glassnode Network Index (GNI) index, both liquidity and…