Bitcoin repeats ‘2016 history perfectly’ amid $350K price prediction — Traders

Bitcoin repeats ‘2016 history perfectly’ amid $350K price prediction — Traders
фото показано с : cointelegraph.com

2024-5-12 05:30

Bitcoin’s price chart resembles that of just weeks after the 2016 halving as it hovers around a local bottom, according to crypto traders. origin »

Bitcoin (BTC) на Currencies.ru

$ 91693.31 (-0.02%)
Объем 24H $54.463b
Изменеия 24h: 2.60 %, 7d: 5.89 %
Cегодня L: $89150.54 - H: $91785
Капитализация $1830.13b Rank 1
Цена в час новости $ 61474.05 (49.16%)

bitcoin traders price crypto halving hovers bottom

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Is Bitcoin Ready For A Rebound? This Metric Says More Pain Needed First

On-chain data shows the loss margin of Bitcoin traders is only halfway through the way to the boundary that signaled rebounds in the last two years. Bitcoin Traders Are About 5% Underwater At The Moment In a new post on X, analyst Ali Martinez has talked about how Bitcoin tends to rebound when the Profit/Loss Margin of the Bitcoin traders falls under -12%.

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How understanding this part of Bitcoin's cycle is vital for Ethereum, Cardano and other alt traders

The term 'panic sell' has become common to crypto investors in 2021. Bitcoin, the industry's largest asset, has registered different ATHs this year but during each major correction in 2021, panic sellThe post How understanding this part of Bitcoin's cycle is vital for Ethereum, Cardano and other alt traders appeared first on AMBCrypto.

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