Bitcoin is showing signs of life after fluctuating between plunging, sliding and going nowhere fast for months on end.
After breaking above $7,000 per coin on Tuesday to its highest level since early June, foreign exchange strategist and longtime bitcoin bear Boris Schlossberg of BK Asset Management said this week’s move could point to further gains.
• As bitcoin appears to rally mostly on technical drivers, for the moment, it could easily squeeze above $8,000.
• At the same time, bitcoin moved higher as it was reported that asset management firm BlackRock was looking into blockchain technology and cryptocurrencies.
Bottom line: Bitcoin’s most recent rally shows the flagship cryptocurrency’s price could have legs, according to a longtime bitcoin bear.
Bitcoin mining firms have been forced to sell newly minted Bitcoin to cover operational costs during one of the toughest bear markets for miners on record.
The Bitcoin (BTC) price has been trending down for a period of 364 days from its all-time high. Despite this, it's unknown whether or not a bottom has been reached.
The post Bitcoin in Unprecedented Bear Market: Is This When It Will End? appeared first on BeInCrypto.
The bear market has been in effect for some time, and it may have resulted in Bitcoin reducing its emissions. The reports from the Cambridge Centre for Alternative Finance showed a decline in Bitcoin The post Bitcoin's emission rate might surprise HODLers in this bear season appeared first on AMBCrypto.
The year 2022 has proved to be unfavorable for the crypto market. The industry has been facing a long lasted bear trend, with the flagship coin, Bitcoin, nearly down 70% then its ATH of November 2021.
Bitcoin mining giant Marathon Digital has shown extremely strong hands through this bear market having yet to sell any Bitcoin (BTC) since Oct 2020.
The post Bitcoin Miner Marathon Digital HODLs Through the Bear Market appeared first on BeInCrypto.
Any bear run concerning a digital asset like Bitcoin is a scary phase. There remains an uncertainty of a price recovery or even possibilities of a further decline. Bitcoin was down as much as 40% fromThe post An analysis of past two Bitcoin bear runs suggests this for the future appeared first on AMBCrypto.
Even with Bitcoin’s correction phase stretching to almost a couple of months now, analysts and optimists somehow continue to remain bullish. This rejection of a bear phase, albeit not unfounded, hasThe post Reasons why Bitcoin 'is not in a bear market' appeared first on AMBCrypto.
Bitcoin Bear After losing more than half of its value since hitting record highs this spring, Bitcoin is in for yet another rude awakening, according to Guggenheim’s chief investment officer (CIO) and noted Bitcoin bear Scott Minerd.
Bitcoin has been recording losses for the past few days. The big bull shredded about $13,000 of its price, a bear pattern that was last seen in October of last year. Indicators are now hinting that the bear market is taking control and that the dips are expected to become even more intense. But this […]
Bitcoin has continued to face heightened volatility in the time following yesterday’s sell-off that sent it as low as $6,500, as its price was able to climb nearly $1,000 after tapping this level, signaling that this may be a massive near-term support region for the embattled cryptocurrency.
As soon as Bitcoin broke up and out of the trading range where the current bottom was set, the cryptocurrency community was certain it spelled the end to the bear market, and that Bitcoin was entering a new bull run – one that would take it to its next all-time high at prices predicted to.
As the 2019 parabolic rally came to a close, Bitcoin began to trade within a large, multi-month descending triangle pattern that only just recently broke down after extensive consolidation. According to a popular crypto analyst, the breakdown resulted in Bitcoin forming a bear flag, and it likely signals further continuation to the downside, potentially as.
In a sequence of two tweets, professional trader and financial consultant @captainscio used the long-term view of Bitcoin in order to allude that this downtrend could go on for an extended period of time.
The FOMO for Bitcoin caused the price to rally from ~$4,000 to ~$13,000, rising by ~$9,000 in a matter of 90 days. This caused everyone to believe that the bear market had finally ended. However, over the course of 2 years, the hash rate of Bitcoin has also increased massively.
Bitcoin (BTC) is currently trying to leave the bear market in which it has been traded during the last year. Since December 2017, Bitcoin is being traded in a downtrend. Nonetheless, there are some experts that believe that the bearish period could be ending.
The now infamous drunken BitcoinTalk post titled “I AM HODLING” (circa 2013) speaks to a greater truth: hold on to your Bitcoin. Do Not Let It Go 2013 saw Bitcoin’s value halved, after its first bubble, beginning a long trend bear market.
In February 2019, Bitcoin transaction metrics are giving stronger hints than ever that the cryptocurrency is close to the bottom of its latest bear cycle. Bitcoin’s Familiar Moves Data from Blockchain, tracking the number of unspent transaction outputs (UTXOs), confirmed transactions by day and exchange volumes in USD for Bitcoin, reveals lows not seen since 2017.
Bitcoin’s bear market. You’ve likely been hearing this phrase for most of 2018. Perhaps you aren’t exactly clear on what a bear market is. Maybe you’re not sure how to…
The post Bitcoin’s Bear Markets: A Guide to Bitcoin’s Crashes and Comebacks appeared first on CoinCentral.
Staunch Bitcoin bear Boris Schlossberg, Managing Director of FX strategy at BK Asset Management, has expressed positive sentiment on key matters surrounding the world’s largest cryptocurrency’s recent rally.
There are two ways to do this, firstly, you can take the bear, strap some horns to its head and stick a ring through its nose. Although, have you ever tried to strap horns to a bears head? I don’t imagine it’s easy.
Charlie Lee, the developer behind the world’s sixth-largest cryptocurrency, Litecoin, believes the price of Bitcoin and other cryptocurrencies will recover “fairly soon”. Lee shared his thoughts on the current bear market, what developments in the industry excite him the most, and the recent hack on Bithumb, the South Korean crypto exchange. The hack does not […]
As discussed yesterday, the cryptocurrency’s persistent failure to scale the $6,800 mark in a convincing manner had raised the prospects of another leg down in bitcoin prices. Bitcoin breached the key support of $6,620 a couple of hours ago – signaling that the relief rally from the June 13 low of $6,108 has ended at $6,850
After a slightly positive day yesterday, the markets have reset themselves on a steep negative trajectory once more. Of course, we didn’t see yesterdays progress as a sign of recovery, however we did assume that this positive momentum may have lasted a little longer than just a morning.
As stated in our previous discussion of the bitcoin market, the $6,425 support level was a very important level to hold. A failure to maintain support at that price level would undoubtedly cascade the market into a test of deeper support values.
A sideways market has many bitcoin investors wondering if the downward volatility has finally subsided. As stated in our previous discussion of the bitcoin market, the $6,425 support level was a very important level to hold.
As Bitcoin and other cryptocurrencies gain traction with public awareness and societal usage, the incentive to mine coins gets larger and larger. Even with bitcoin in a bear market mining continues to grow in popularity.
Brian Armstrong, the CEO, and co-founder of Coinbase, recently spoke about the price of Bitcoin [BTC] and the market in general. He also spoke about the patterns observed in the market over the 2013, 2014, and 2017 bubbles.
2018, once expected to be a bullish year, has turned into a slow burn of agony for most. Especially if one gained interest in and started accumulating in January of this year. Our hearts go out to the investors who hopefully stick around to see future run-ups in the years to come.
Bear with us, but could the current low price for Bitcoin mean that Bitcoin is inadvertently more likely to hit $20,000. 00?
Put it this way, with the price of Bitcoin sinking to new lows, it is becoming cheaper and cheaper to buy a slice of Bitcoin action.
Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. Further, while a fall to $6,000 following a bear flag breakdown on Friday seemed likely, losses were unexpectedly cut short at $6,300, signaling bearish exhaustion. Yet, the leading cryptocurrency did
Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. Further, while a fall to $6,000 following a bear flag breakdown on Friday seemed likely, losses were unexpectedly cut short at $6,300, signaling bearish exhaustion. Yet, the leading cryptocurrency did
Within minutes of rumors spreading regarding the SEC’s classification of both bitcoin and ether, the entire crypto market breathed a sigh of relief as everyone enjoyed a nice bounce.
With demand for cryptocurrency mining hardware having sharply declined following the onslaught of 2018’s bear market, reports are indicating the companies operating in the supply chain behind mining hardware are increasingly seeking alternative revenue streams to offset falling demand from the mining industry.
The tide is rising and Bitcoin Cash is riding with it. In the last 24 hours, Bitcoin Cash is up nine percent meaning technical formation hints of support at $850, a previous support and bear targets from our past BCH price forecast.
Tim Draper is a billionaire investor. He was an early investor in Hotmail, Skype, and Tesla and is credited with inventing viral marketing. Tim Draper also buys the dips. A lot of attention was brought to the world of cryptocurrency when Draper purchased thousands of Bitcoins that were seized from the infamous dark web marketplace […]
The post Billionaire Bitcoin bull Tim Draper is Still buying more during bear run appeared first on ZyCrypto.
Following the hack of a largely unheard-of cryptocurrency exchange in South Korea and a probe by US government investigators into Bitcoin price manipulation, the cryptocurrency market has once again broken to the downside — and things aren’t looking pretty.
The price of bitcoin jumped above $8,000, extending a rally that has lifted the largest cryptocurrency by market value to its highest level in two months. After a dismal first half of the year, bitcoin has shown signs of life in recent weeks.
