‘Screams Bearish’: One Mainstream Factor Shows Bitcoin Price Bottom Could Worryingly Sink Further

2019-2-5 13:28

In the last 24 hours, the crypto market has rebounded slightly by $1 billion as the Bitcoin price recovered to mid-$3,500. Last week, several traders said that maintaining momentum above the $3,500 mark is crucial for preventing a drop to the low $3,000 region and possibly to $2,000.

What’s Bearish in the Bitcoin Market? According to cryptocurrency analyst Murad Mahmudov, the engagement of the keyword “Bitcoin” on Twitter has declined substantially in the past 14 months. Twitter remains as the most widely utilized platform for cryptocurrency researchers, developers, and businesses. The drop in the engagement on the platform demonstrates a

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Bitcoin (BTC) на Currencies.ru

$ 71840.87 (+0.25%)
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Изменеия 24h: 4.66 %, 7d: 5.64 %
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Latest data shows retail Bitcoin wallets can no longer control short-term BTC price moves

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Bitcoin reveals a rare bullish cycle bottom signal before bouncing as futures bears tighten their grip

Bitcoin is flashing its most oversold signal on record amid its continued price struggles in this current macroeconomic environment and persistent exchange-traded fund (ETF) outflows. According to CryptoSlate data, BTC's price dipped to around $62,700 over the last 24 hours, while its weekly relative strength index (RSI) printed roughly 25.

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