The recent sudden dip in the crypto market, specifically in Bitcoin, was largely attributed to an overreaction from short-term holders. These investors, who typically hold onto their assets for a brief period, quickly liquidated their positions when faced with the initial decline in prices. This knee-jerk reaction led to further cascading effects in other cryptocurrencies
Bitcoin
Opeyemi delves into the cryptocurrency realm with a fervor that is matched by few. Despite not initially choosing the digital asset industry, he has found himself captivated by its complexities for over two years. His love for unraveling the intricacies of blockchain technology and staying updated on the latest trends in the crypto world drives
The performance of Bitcoin can fluctuate significantly on a monthly basis, influenced by investor sentiment and market dynamics. As August comes to a close, investors are reflecting on the past month and looking ahead to September with hopes of better results. However, the historical data on Bitcoin’s performance in August and September may provide valuable
Bitcoin, the pioneer cryptocurrency, has experienced several bull and bear cycles over the years. Market analysts often rely on historical data to make predictions about its future performance. One such analyst, PlanB, has recently made a bullish forecast for Bitcoin based on past cycle performances. PlanB pointed out that in the 2017 bull run, Bitcoin
Opeyemi is a dedicated writer with a deep passion for the world of cryptocurrency. Despite not initially choosing the digital asset industry, he has been captivated by it for over two years. His enthusiasm shines through as he delves into the complexities of blockchain technology and offers insights on the latest trends in the crypto
A recent analysis by a crypto analyst has highlighted a new bearish death cross for Bitcoin, signaling a potential short-term weakness in the cryptocurrency’s market. The death cross pattern occurs when the 50-day Moving Average crosses below the 200-day Moving Average on the daily chart. This pattern typically indicates the possibility of further bearish momentum
As Bitcoin continues to gain mainstream acceptance, institutions around the world are increasingly diversifying their portfolios to include the cryptocurrency. Over the past few years, the holdings of large institutions in Bitcoin have grown exponentially. This growth has resulted in institutions becoming the dominant holders of Bitcoin, with the majority of the top wallets now
The Bitcoin price continues to trade sideways, with uncertainties on the macro side leaving investors undecided about their next move. Crypto analyst Michael van de Poppe has shared insights into Bitcoin’s price trajectory, suggesting the possibility of the crypto dropping to as low as $48,000. Van de Poppe highlighted that Bitcoin could break below $56,000
It has been nearly two years since Bitcoin reached the $20,000 mark, causing many to speculate that it may never return to this level. However, one analyst has a different viewpoint, suggesting that a drop back to $20,000 is not a matter of if, but when. This analyst, known as “Without Worries”, has recently shared
Peter Brandt, a veteran crypto analyst, recently discovered an inverted or expanding triangle pattern in Bitcoin (BTC). This pattern, as analyzed through classical charting principles, has significant implications for Bitcoin’s price trajectory. Brandt’s assessment of the technical pattern formation sheds light on potential outcomes for Bitcoin’s price movements. Brandt’s examination of the chart revealed two
