Bitcoin fell below $66,000 for the second straight session, hitting an intraday low of $65,312 as bearish momentum deepens. The slide has fueled fears of a retest of the $60,000 floor, with some analysts warning of a possible drop to $40,000. The Forecast Recalibration For the second consecutive session, bitcoin ( BTC) breached the critical […] Original
Bitcoin’s violent drawdown into the low-$60,000s has traders hunting for a floor. One of the market’s best-known on-chain analysts is arguing the risk-reward has shifted meaningfully, even if the “bottom” is still a process rather than a single print. James “Checkmate” Check, a former lead Glassnode researcher and now the author of Check On Chain, told What Bitcoin Did host Danny Knowles that once Bitcoin pushed into the $60,000 zone, it entered what he described as “deep value” territory across multiple mean-reversion frameworks, at the same time capitulation-style losses spiked…
The Bitcoin price has already crashed by nearly 50% from its all-time high, and a top long-term bull believes there is more downside to come in the near term. Summary Bitcoin price has slumped from the all-time high to $66,000. Standard Chartered warned that the coin may drop to $50k. Technical analysis suggests that the coin may fall before rebounding. Bitcoin (BTC) retreated to $66,000 on Thursday, a few points above the year-to-date low of $60,000. This decline has persisted as its divergence from American stocks has widened, with leading…
Fresh data from Glassnode claims that Bitcoin (BTC) could be in for another “prolonged phase of range-bound” price action if key support levels are not reclaimed. Key takeaways: Bitcoin is stuck between key cost-basis levels, predicting 2022-type consolidation unless key support levels are reclaimed. Bitcoin price needs to take out the resistance at $72,000 to break out of consolidation. Bitcoin faces overhead supply challenges In the Feb. 11 edition of its regular newsletter, The Week On-chain, onchain data provider Glassnode confirmed key supply zones constraining upside follow-through and “creating overhead…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Many have misinterpreted Dan’s short term bullishness as Dan believing that crypto is still in a bull market. As of last week, crypto is in a bear market according to Dan’s analysis, but this doesn’t mean that crypto prices will go down only. There will be bounces along the way. Today Dan clarifies his short term vs. long term forecast, and explains what he thinks comes next. Enjoy! If you’re trading crypto, use these FREE deals to get HUGE fee discounts and…
Bitcoin’s recent slide has left traders squinting at charts and asking the same blunt question: correction or crash? Prices have tumbled sharply, but some market watchers still see this as a deep pullback inside a longer uptrend. Others warn the data points to something colder. Related Reading Price Decline And Hard Numbers According to XWIN Research’s CryptoQuant analysis, Bitcoin has fallen about 46% from a peak near $126,000 and now trades around $67,900 after five straight months of losses. The Fear & Greed Index sits at 14 — a reading…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, we will why bitcoin and cryptocurrency is crashing and will bitcoin and altcoins will be able to recover or not as now global uncertainty increasing and charts are also not looking good, Will we be able to see altcoin season or not . We will also share the latest update and news and why we can see big move in bitcoin and cryptocurrency market and what to do, and coins to watch in dip.We will also do bitcoin analysis.…
Bitcoin’s march toward becoming a global reserve asset has faced one persistent existential question: What happens when quantum computers become powerful enough to crack its cryptography? A new proposal, BIP-360, aims to answer this, potentially clearing the final hurdle for institutional adoption. But is $1 million a real possibility for Bitcoin? For now, the first step for BTC $66 588 24h volatility: 0.1% Market cap: $1.33 T Vol. 24h: $45.25 B in our Bitcoin price prediction is to hold the $60K level. DISCOVER: Next Crypto to Explode What is BIP-360? A…
Bitcoin (BTC) market sentiment has begun to recover as exchange traders reconsider selling. Key points: Bitcoin taker flow finally sees positive values after a month of seller dominance. “Aggressive” sell pressure is fading at current price levels, analysis says. The Crypto Fear & Greed Index hits record lows despite BTC price stabilization. Bitcoin exchanges eye “early signs of stabilization” New findings from onchain analytics platform CryptoQuant released on Thursday show net taker flow flipping positive for the first time in a month. “Bitcoin market sentiment is showing early signs of…
Crypto exchange-traded funds (ETFs) lost momentum as bitcoin and ether reversed into heavy outflows. XRP funds were flat, while solana ETFs managed a modest inflow in an otherwise cautious session. Crypto ETFs Turn Red as Bitcoin, Ether Slide Back to Outflows Momentum in crypto exchange-traded funds (ETFs) proved short-lived as midweek trading brought a decisive […] Original