Key takeaways: Bitcoin’s death cross, which previously led to 64%-77% BTC price declines, has flashed again. Mounting selling pressure is prompting many investors to sell their BTC holdings at a loss. Bitcoin (BTC) may have confirmed its entry into a bear market after the price dropped to $80,000 on Friday. This view is reinforced by a convergence of technical indicators that have historically preceded extended declines. Bitcoin’s macro uptrend was invalidated The BTC/USD pair closed below its 50-week moving average on Sunday, a level crypto analyst Rekt Capital has been…
Tag: Bitcoins
Bitcoin’s Brutal Flush Sets the Stage for a Violent Upside Rebound
Bitcoin’s latest wipeout has all the hallmarks of a classic capitulation event—exactly the kind of deep washout that often precedes explosive, face-ripping upside. Crypto Capitulation May Be the Fuse for Bitcoin’s Next Explosive Rally A quick scroll through social media on Thursday makes it clear plenty of crypto loyalists not only buy into this theory […] Original
The Final Dip? Bitcoin’s Days Under $90K May Be Over
Bitcoin slid below the $92,000 mark on Wednesday, trading at $91,500 at press time after a one-day drop of 5% that left the token down 17% in the last 30 days. Related Reading Market players were rattled after a stretch of heavy swings that began with a peak early in October. According to market trackers, price pressure has pushed sentiment into deep fear as investors reassess risk. Winklevoss Sees Opportunity According to posts on X by Cameron Winklevoss, prices under $90,000 may not last long. “This is the last time you’ll…
Mike McGlone Says Bitcoin’s 200-Day Trend Has Cracked — and More Pain May Follow
Mike McGlone is dusting off one of his old calls — the kind that made headlines in 2018 — and applying it to today’s overheated crypto market. McGlone Sees a Deeper Pullback Forming The Bloomberg strategist Mike McGlone says his earlier prediction that bitcoin would “drop a zero” when it traded near $10,000 was only […] Original
Crypto carnage — Is Bitcoin’s 4-year cycle over? Trade Secrets
Is this crypto market cycle over after four years — or should the four-year crypto market cycle theory itself be consigned to history? Swan Bitcoin CEO and Bitcoin advocate Cory Klippsten leans toward the latter view. “There is a very good chance that Bitcoin’s famous four-year price cycles are over, killed by institutional adoption,” Klippsten tells Magazine. The debate has Bitcoin analysts around the world divided. Some insist the four-year cycle is still alive; others say it is dead and argue that Bitcoin is following a completely different path altogether.…
The BTC Narrative Collapse: Why Bitcoin’s Price Drop Was ‘Inevitable’ Despite ETF Hype
The crypto market cap plunged to $3.15 trillion on Nov. 17, driven by a global market rout intensified by fears of an AI bubble burst, a concern echoed by Alphabet CEO Sundar Pichai. Economist Tracy Shuchart argued the decline was inevitable due to the collapse of BTC’s recent macro narrative. Bitcoin’s Correction and Liquidation Cascade […] Original
Bitcoin’s Drop Under $90K Sparks Bold Claims From Crypto Execs: ‘This Is A Generational Opportunity’
Bitcoin slipped below $90,000 this week, a level it had not touched in seven months, according to data. Traders watched nervously as the flagship token moved around $90,700, leaving it roughly 25% beneath its recent all-time high of just over $126,000 reached on Oct. 6. Markets noted that a big liquidation event on Oct. 10 still echoes through trading desks. Analysts See A Near-Term Bottom According to an interview on CNBC, BitMine chairman Tom Lee said the Oct. 10 liquidations and ongoing uncertainty about whether the US Federal Reserve will…
Bitcoin’s 2025 Gains Wiped After Latest Market Tumble
Bitcoin briefly lost all of its gains this year after the crypto markets bled over the weekend, despite the US government reopening on Thursday, which was expected to provide much-needed relief to the markets. Bitcoin (BTC) fell to a low of $93,029 on Sunday, down 25% from its all-time high in October. It started the year at $93,507. It has since rebounded to around $94,209, CoinGecko data shows. Bitcoin’s price information, including the change in price since Jan. 1, 2025. Source: CoinGecko This year was tipped to be a strong…
Bitcoin’s Price Stumbles Again: Longs Get Wrecked and Bears Take the Wheel
Bitcoin is wobbling yet again today, slipping 1.7% over the past 24 hours as the leading crypto asset dipped under the $94,000 line and scraped an intraday low of $93,989. At the moment, bitcoin is hovering just above the $94,000 threshold after its latest stumble. Crypto Markets Rattle as Bitcoin Sheds 9% Since Nov. 9 […] Original
10 Factors Shaping Bitcoin’s Fate: 5 Reasons It Could Rebound — and 5 That Could Drag It Lower
With bitcoin drifting under the $100,000 line, plenty of folks are side-eyeing the charts and debating whether this is the opening act of a bear cycle or just a quick dip before one last bull leap. The following is a rundown of five drivers that could lift the bull further and five triggers that could […] Original