With Bitcoin’s halving now behind us, the bull market is supposed to be ready to start.
But the volume profile of the recent rally may have bearish implications that could hint at Bitcoin falling back into an extended bear market.
Bitcoin Halving Rally Volume Profile May Have Bearish Implications
Volume precedes price. It’s a common phrase known throughout traditional markets, but may not be as familiar to Bitcoin traders.
The idea behind the idiom is that smart money often takes positions early, which aren’t always reflected in price movements. Instead, trading volume can provide an early signal that something more is taking place.
Volume is also an important factor when considering if chart pattern is valid or not. Oftentimes, particular volume profiles match specific chart patterns.
Related Reading | What Happened To Hold? Bitcoin Miners Are Dumping The Same Amount of BTC
Trading volume even confirms when breakouts are real. When formations break on low-volume, the move is often a trap, and price moves in the opposite direction soon after.
And that volume appears due to a surge in buying and selling that takes place when limit orders are filled and stop losses are hit all at once.
The volume profile across the latest Bitcoin halving rally from under $3,800 to over $10,000, has been decreasing throughout.
Presented without comment.$BTC pic.twitter.com/EMihQE4oG5
— Junior Lancaster [Bear until July 29, 2020] (@Juni0rLancaster) May 12, 2020
Could Crypto See Another Three Years of Bear Market?
According to volume analysis of various markets, volume decreasing while prices rise, are a bearish signal.
Even worse for the fate of Bitcoin, the volume profile and price rise more closely resemble the price action just before Bitcoin price fell off a cliff in mid-2014.
This was long before the final bear market bottom was put in.
The volume pattern indicates that Bitcoin is at risk of another fall, and potentially, an even longer bear market.
Bitcoin price closed last month as a bullish engulfing candle, and Bitcoin’s halving is here. A bull market is expected to begin as a result.
But a renowned chart pattern expert claim that downtrends often continue after such candles are formed in a bear market.
Further putting Bitcoin price on thin ice, is the fact that even the largest crypto supporters are expecting a devastating drop now that the halving has passed, due to inefficient miners capitulating now that the cost of production has doubled.
Related Reading | Bitcoin Expert: Mentally Prepare, $10,000 May Take Another 100 Days To Break
If miners to capitulate, it could push Bitcoin even lower to its final bottom and set back the chances for any new bull run even longer.
After the crash in 2014 that matches the current volume profile, Bitcoin price took nearly another three years to reach its former all-time high.
Experts are already pointing to over a hundred days before Bitcoin breaks over $10,000. Could it really take another three years of bear market before we see $20,000 BTC again? origin »
SOL and XRP defied the prevailing market trend, attracting $8.9 million and $8.5 million, respectively.
With Bitcoin’s dominance under pressure, are we witnessing the dawn of an altcoin takeoThe post Bitcoin, Ethereum bleed as Solana, XRP gain - Is market sentiment changing? appeared first on AMBCrypto.
The cryptocurrency market remained cold on February 19, with Bitcoin (BTC) hovering around $95K. Ethereum (ETH), Solana (SOL), and XRP recorded losses ranging from 1% to 6%, sparking concerns among investors.
The market has witnessed intense liquidation activity, with the highest concentration occurring between $101,500 and $99,800.
Bitcoin’s current distribution of holders provides insights intThe post Bitcoin's market uncertainty: Key factors driving BTC's movements appeared first on AMBCrypto.
The cryptocurrency market was bullish in 2024. Bitcoin, the leading cryptocurrency by market cap, added over 140% to its value last year, outperforming other major assets, including Gold (26%) and S&P 500 (23%).
Bitcoin (BTC) has shown a swift recovery, climbing back above $95,000 after experiencing a notable dip below this level just a day prior. This price rebound has reignited discussions among analysts about the underlying market dynamics and potential future trends.
Bitcoin ($BTC) continues to demonstrate remarkable strength, holding firm above key support levels and maintaining its bullish structure. With unrealized losses at historical lows, the market remains largely stress-free, creating an atmosphere that feels like the calm before a significant move.
Bitcoin showed unpredictable price action yesterday, plummeting to a low of $89,100 before staging a rapid recovery to reclaim the $96,000 mark. This sharp move is often seen as a liquidity sweep orchestrated by market makers to clear out leveraged positions, a tactic that fuels short-term volatility but strengthens the market’s long-term structure. Related Reading: […]
Bitcoin is trading above $95,000 after a rollercoaster Monday that saw the market plunge and recover in rapid succession. The price dropped over 6%, setting a fresh low around $89,000, before staging a swift rebound that propelled it back to $96,000 within hours.
Bitcoin’s pullback to $90,000 caused quite a stir in the market. Although its recovery to above $96,000 on Jan. 14 offered some relief, many on-chain indicators revealed underlying stress in market health.
Bitcoin, Ethereum, XRP led the recent market crash following U. S. inflation fears.
Options market sentiment was cautiously optimistic ahead of Donald Trump's presidential inauguration.
Bitcoin‘s sharp drop following its surge to a new all-time high led to significant challenges for investors and traders, especially BTC’s short-term holders. However, with BTC regaining its upside momentum, the market might become favorable for institutional and retail investors in the upcoming days.
Analysts from the market intelligence company CryptoQuant note that current patterns in Bitcoin (BTC) metrics indicate possible changes in market dynamics. Bitcoin Price Faces Short-Term Volatility After a period of steady decline, spot exchange reserves have experienced a notable uptick, reflecting an inflow of 20,000 BTC.
The cryptocurrency market experienced a bullish rally on December 17, with Bitcoin (BTC) crossing an all-time high of $107,700. The global crypto market cap increased by 1% to reach $3. 72 trillion, while trading volume soared 34% to $211 billion, signaling heightened investor activity.
Bitcoin shrank under the $100,000 psychological level after hitting a new all-time high yesterday; the Bitcoin market was liquidated to more than half of a billion dollars just in a day. The crypto market has seen massive market liquidations of…
The cryptocurrency market is buzzing with optimism as Bitcoin (BTC) consolidates near $95,000, and altcoins like Tron (TRX) and Reserve Rights (RSR) post massive gains. With a global market capitalization climbing 1% to $3.
The crypto market has soared to a $3. 4 trillion value as Bitcoin reaches new peaks. Bitcoin’s huge surge has naturally propelled most other cryptocurrencies upward as well. For example, NEAR has enjoyed a 21% price increase over the last week, sustaining robust market stability.
Bitcoin retail numbers have dropped significantly after the recent price retracement this cycle. On-chain factors show the market is still in a bull phase; however, major indices differ from previous cycles.
The cryptocurrency market has soared, reaching a new pinnacle with a total market capitalization of $3. 13 trillion, establishing the sector as a formidable economic force. This surge reflects in the growing appeal of Bitcoin ETFs, which have seen unprecedented inflows, while Ethereum (ETH) sets its sights on managing $10 billion in assets.
The cryptocurrency market experiences positive sentiments as Bitcoin nears $100K after topping $97K. Amidst the bullish trends, Bitcoin Cash (BCH) surpassed the $10 billion market cap after significant 24-hour surges.
IBIT options went live Tuesday in a first, a move that market participants widely expect to draw more institutional interest in bitcoin (BTC). Here’s how they could impact the market.
The general cryptocurrency market has seen notable upward momentum in the past few weeks, with Bitcoin, the largest digital asset, leading the market once more toward what several seasoned crypto analysts believe to be one of the biggest bull runs ever.
Let’s face it, cryptocurrency is no longer just a buzzword—it’s here to stay. From Bitcoin to Ethereum, the market has proven that digital currencies and decentralized technologies are shaping the future.
Bitcoin recent price movement of continuous uptrend has drawn the attention of market participants and analysts as it edges closer to creating a new all-time high, blasting through critical resistance levels.
As the market faces one of its most volatile weeks—amid the U.S. election and the Federal Open Market Committee (FOMC) meeting—Bitcoin appears primed for a lasting rally. Historically, major bull runs have followed post-election periods, and analysts are optimistic about Bitcoin’s potential, forecasting it could hit $100,000 by year’s end, […]
Institutional interest in Bitcoin ETFs remains strong, potentially stabilizing the market amid geopolitical uncertainties and economic shifts.
The post BlackRock Bitcoin ETF records $329 million net inflows despite market retreat appeared first on Crypto Briefing.
As the original digital currency, Bitcoin remains one of the most popular Cryptos to trade. Due to this popularity, its price changes frequently, often having a greater impact on the wider Crypto market.
Bitcoin's growing dominance underscores its role as a safer investment amid market volatility, potentially sidelining altcoins further.
The post Bitcoin’s dominance over altcoins grows amid market uncertainty appeared first on Crypto Briefing.
Bitcoin drops below $57K due to major institutional sell-offs and market pressure. Short-term holders face unrealized losses, could trigger market volatility if they decide to cut their losses. $51K is a crucial support level and long-term investors might see this as a buying opportunity.
Short-term Bitcoin holders face mounting losses, potentially leading to increased market volatility and signaling a bearish trend transition.
The post Bitcoin short-term holders underwater as market pressure mounts – Glassnode appeared first on Crypto Briefing.
The crypto market has faced a notable dip lately. At publication, the market cap has fallen by 1. 30% to $2. 04 trillion, while trading volume has plummeted by 40. 36% to $36. 02 billion. Bitcoin (BTC) trades at $58,229.
Quick Take According to a recent analysis by CryptoSlate, the current Bitcoin market is behaving in a strikingly similar pattern to that of 2019. Since reaching an all-time high of approximately $73,000 in March, Bitcoin has been fluctuating mostly within the $60,000 range, reminiscent of previous periods of market consolidation.
As the cryptocurrency market faces yet another wave of volatility, both Bitcoin and Ethereum have seen their recent gains erode, leaving investors on edge. Amidst this uncertainty, many are shifting their focus to promising new ventures, with BlockDAG capturing significant attention.
The cryptocurrency market is witnessing a significant resurgence, with Bitcoin climbing back to $63. 3K. This rally began almost immediately after the near-assassination of former President Trump on Saturday, and the bullish momentum has shown no signs of slowing down.
Bitcoin shows signs of stabilization after the recent price drop, with market data indicating a potential local bottom.
The post Bitcoin bottom is in, but market news still pose threat: Bitfinex appeared first on Crypto Briefing.
The cryptocurrency market is currently facing pressure due to a steep drop in Bitcoin prices. Yet, hope is still alive. Many are awaiting the next bull run, expected to elevate the market once again.
Bitcoin's price remained over $65,000 amid a decline in retail investor activity.
Current on-chain data suggested a lack of short-term holder activity, indicating potential for future market moThe post The silent Bitcoin market: What's happening behind the scenes at $65K? appeared first on AMBCrypto.
Despite the aggressive market correction, with Bitcoin’s (BTC) value dropping to the lower end of the $65,000 zone and Ethereum (ETH) trading around $3,500, key market metrics remain optimistic. Notably, Bitcoin is trading at $65,217 at the reporting time, down…
Bitcoin (BTC) touched its minimum bullish target of $70,100 before facing rejection. Amidst the uncertainty surrounding the upcoming release of Consumer Price Index (CPI), inflation rates, and the Federal Open Market Committee (FOMC) decision, the market is bracing for potential volatility.
Quick Take Recent data from Farside reveals that 8 out of the top 30 publicly traded Bitcoin miners have achieved market capitalizations exceeding $1 billion. Marathon Digital Holdings leads the pack with a market cap of $5.
Bitcoin’s Funding Rates on DyDx and Deribit have turned positive.
The coin’s “flat” Open Interest signals that market participants are unsure of its short-term price direction.
BitcoThe post A look at Bitcoin's rally to $63K and the effect on market demand appeared first on AMBCrypto.
The cryptocurrency market has been struggling lately, with Bitcoin, Ethereum, and many other major, mid-cap, and low-cap currencies experiencing declines or only minor gains. This downturn can be attributed to several factors, including negative sentiment towards the top cryptocurrencies and low trading volumes across the board.
Bitcoin’s trading pattern lately reveals a consistent sideways movement, with fluctuations between $60,000 and $72,000. This trend, as highlighted by top cryptocurrency analyst Doctor Profit via a tweet on X, mirrors historical market behaviors that have typically preceded significant price increases.
Bitcoin (BTC) has again taken the spotlight in the crypto market, rising above $66,000 as a confirmation of its price rebound following the market-wide crash in the past week. However, while Bitcoin has restored optimism in investors, we see negative price action on Toncoin (TON), a notable market gainer in […]
In the midst of the dramatic changes that have occurred in the cryptocurrency space after the Bitcoin halving event, Bitfinex provides a perceptive analysis that reassures investors that the market dynamics of BTC have remained positive in the post-halving period.
As offshore markets diversify, Binance’s Bitcoin market share has declined to 55%, while Bybit emerged as a frontrunner with a surge from 2% to 9. 3% Binance‘s dominance in Bitcoin trading outside the U.
Bitcoin price is consolidating above the $95,000 support zone. BTC must settle above the $100,000 level to start a fresh increase in the near term. Bitcoin started a fresh increase from the $94,200 zone.
Bitcoin price started a fresh upward move above $100,000. BTC is facing resistance at $103,000 and might aim for an upside break. Bitcoin started a decent upward move above the $100,000 zone. The price is trading below $103,200 and the 100 hourly Simple moving average.
Bitcoin price settled above the $100,500 resistance zone. BTC is consolidating gains and might aim for a fresh increase above the $105,000 zone. Bitcoin started a downside correction from the $106,800 zone.
Bitcoin price started a short-term downside correction from the $106,250 zone. BTC is consolidating above $100,000 and might aim for a fresh increase. Bitcoin started a downside correction from the $106,250 zone.