Tag: LongerTerm

Longer-term Bitcoin holder losses hit two year lows

Long-term Bitcoin holders are sitting on their largest losses since the March 2020 capitulation and the 2018-2019 bear market but may have to keep waiting for relief. Calculated by measuring the value of coins deposited to exchanges, aggregated realized losses from long-term holders (LTH) of Bitcoin (BTC) exceeded 0.006% of the market capitalization by May 29 according to Glassnode’s The Week Onchain report from June 6. Long-term holders are suffering their worst losses since March 2020. However, the dramatic losses may continue for some time if historic loss patterns from…

Bitcoin Faces Price Pullback as Signs of Longer-Term Bull Exhaustion Emerge

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View BTC risks falling below $8,000 in the short-term, having created a doji candle last week. Below $8,000, the focus would shift to the 30-day moving average, currently at $7,643, which has a penchant for reversing price pullbacks. The outlook as per the daily chart would turn bearish if the price sees a UTC close below the 30-day MA. The long-term outlook will remain bullish as long as the price is trading above May’s low of $5,263. The case for a short-term correction would weaken if bitcoin bounces from the…

NEO Price Watch: Longer-Term Reversal Pattern?

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NEO Price Key Highlights NEO could be in for more gains as it forms an inverse head and shoulders on its 4-hour chart. Price has yet to break past the neckline around $40 to confirm the potential uptrend. Technical indicators are giving mixed signals at the moment, with oscillators suggesting another dip. NEO price could be in for a reversal from its downtrend as it forms an inverse head and shoulders pattern. Technical Indicators Signals The 100 SMA just crossed above the longer-term 200 SMA to suggest that the path…