The recent weekend saw a significant drop in the price of Bitcoin, falling below the $60,000 mark. This drop was mainly attributed to rapid selling by major holders such as the German and US governments. The market saw billions of dollars in losses, marking one of the largest drops in the last two years. Despite
Bitcoin
The recent drop in Bitcoin price by more than -22% since March has caught the attention of Jacob Canfield, a trading mentor at Trading Mastery. Canfield’s analysis focuses on historical patterns observed in Bitcoin’s pricing trends, suggesting a potential further decline in the Bitcoin price. According to Canfield, Bitcoin has a tendency to retest yearly
Renowned trader Peter Brandt recently raised concerns about Bitcoin potentially dropping to as low as $44,000. He based this prediction on a technical indicator signaling a bearish outlook for the leading cryptocurrency. Brandt suggested that if Bitcoin has completed a double top, it could experience a significant reversal to the downside. Despite Brandt’s warning, analyst
As the beginning of July proves to be bearish for the Bitcoin and crypto market, investors are eagerly anticipating the release of the CPI data on July 11. Recent events, such as the delayed debut of Spot Ethereum ETFs and reports of governments selling BTC, have cast a shadow over the market. However, there is
Opeyemi is not just a casual observer of the cryptocurrency world; he is deeply passionate about all things related to digital assets. Despite not originally choosing the industry, he has become fully immersed in it over the past two years. This passion is evident in the unique and insightful pieces he creates, unraveling the complexities
Cryptocurrency has become a hot topic in recent years, attracting individuals from various backgrounds to explore the world of digital assets. One such individual is Semilore Faleti, a cryptocurrency writer who has made significant contributions to the field of journalism and content creation. With a keen interest in the intricacies of blockchains and cryptocurrencies, Semilore
Bitcoin, the leading digital currency, has once again showcased its volatile nature by dropping suddenly below the $54,000 price level on July 5th. This recent price movement serves as a stark reminder to investors of the unpredictable fluctuations that characterize the cryptocurrency market. Within a span of seven days, Bitcoin has experienced a 7% decline,
One of the key factors that have contributed to the recent dramatic fall in Bitcoin’s price is the impending distribution of 142,000 BTC by the defunct crypto exchange Mt. Gox. This distribution has raised market anxiety significantly, as it represents 0.68% of the total Bitcoin supply. It is intended to be distributed among the creditors
As Bitcoin recently dipped below $60,000, crypto expert Michael van de Poppe has pointed out a crucial indicator that suggests a bounce may be on the horizon. Van de Poppe highlighted in a social media post that Bitcoin’s CME gap has closed, signaling a potential relief bounce from the current price level. According to his
The recent events in the crypto market have left investors and traders reeling from the impact of a widespread crash that has seen Bitcoin and altcoins plunge. The Bitcoin price, in particular, has been on a downward spiral, falling from support after support, causing chaos for tens of thousands of traders. The repercussions of this
