No, Bitcoin Breaking a Parabola Won’t Force BTC to Collapse to $3,000

2019-7-19 14:30

At least for the time being, Bitcoin (BTC) has lost steam. Since peaking at just shy of $14,000 in late-June, the cryptocurrency has seen a 35% retracement, falling to as low as $9,100 earlier this week.

Related Reading: Bitcoin Volatility Surges Since February of 2019; Is Another Big Move Imminent? With this strong correction, which. . .

The post No, Bitcoin Breaking a Parabola Won’t Force BTC to Collapse to $3,000 appeared first on NewsBTC.

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Bitcoin Price Fall Increases Buying Momentum, Pushes Exchange BTC Balances To 6-Year Lows

Following a major price decline in Bitcoin (BTC), market sentiment dropped back to strong levels of fear, indicating that investors are becoming increasingly cautious and risk-averse. Despite this trend, on-chain data analytics provider CryptoQuant has revealed a significant increase in BTC buying momentum, resulting in the Bitcoin balances on various exchanges dropping to six-year lows.

2024-10-6 07:00