Bitcoin Bounces On Lower Than Expected CPI Data | BTCUSD November 10, 2022

Bitcoin has taken 10% back in a dramatic move following the announcement of October CPI data. CPI came in below expectations, causing a melt up in risk assets including cryptocurrencies. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): November 10, 2022 Before suggesting any type of bottom is in, more downside could still be ahead, with this recent movement being nothing more than a bearish retest.

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Bitcoin, Ethereum, XRP: Downfall Continues, What’s the Price Bottom?

Bitcoin, Ethereum, and XRP all shared the same bearish narrative with prices plunging by double digits on the weekly window.  The post Bitcoin, Ethereum, XRP: Downfall Continues, What’s the Price Bottom? appeared first on BeInCrypto.

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Bitcoin (BTC) Bottom Might Be Nowhere Near: Dramatic Model for Bulls

Seasoned Bitcoin (BTC) expert Zack Voell, mining analyst at Braiins, shared model that displays BTC price dynamics of previous bearish cycles

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Here Is When Bitcoin Bottom Will Occur, According to Previous Bearish Cycles

Here is what Bitcoin's past tells about its future

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Solana: Gauging 'bottom is in' factor as SOL eyes volatility

The crypto market is currently going through one of those weeks where uncertainty increases. As a result, crypto prices have assumed a bearish trajectory and SOL is among the digital coins that have rThe post Solana: Gauging 'bottom is in' factor as SOL eyes volatility appeared first on AMBCrypto.

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2018 Ethereum price fractal suggests a $400 bottom, but analysts say the merge is a ‘wildcard’

A key ETH price indicator suggests the altcoin’s downtrend could extend to $400, but analysts are unsure whether the upcoming Ethereum Merge will be a bullish or bearish event.

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Bitcoin faces greater downside risk than Ethereum- Here's why

The entire cryptocurrency market has been registering selling pressure while the discovery of the 'bottom' continues. Amid the bearish price action, more than 62,000 traders were liquidated in the lasThe post Bitcoin faces greater downside risk than Ethereum- Here's why appeared first on AMBCrypto.

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2 key Ethereum derivatives metrics suggest that $880 was ETH’s bottom

Data shows Ethereum options traders are less bearish that before, and margin-based markets recently saw some investors go ultra-long on 491,000 ETH.

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ARK Invest 'neutral to positive' on Bitcoin price as analysts await capitulation

ARK argues that bearish continuation has limited room left to run, as on-chain indicators bottom out.

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Indicator That Predicted Bitcoin's Bottom During Last Two Bearish Cycles Flashes Again: Details

This indicator hit -50.09% in mid-June and currently sits at -48.23%

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Bitcoin whale support lines up as trader says $14K 'most bearish' BTC price target

$20,000 is being keenly watched while big buys from 2020 stand between spot price and the lowest Bitcoin bottom estimates.

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Bitcoin’s recent gains have traders calling a bottom, but various metrics remain bearish

The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change.

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Apecoin (APE) to bottom at $5 as weakness continues

Apecoin (APE) has been showing strong bearish signs over the past week. The coin…

The post Apecoin (APE) to bottom at $5 as weakness continues appeared first on CoinJournal.

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Net Realized Profit/Loss (NUPL) Indicator Signals Bearish Trend With Decrease Below 0.25

Be[in]Crypto looks at on-chain indicators for Bitcoin (BTC), more specifically the Net Realized Profit/Loss (NUPL) indicator. This is done in order to determine if the ongoing correction marks the bottom or the beginning of a prolonged bear market.

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Top 3 Metaverse Crypto Coins Below $1 to HODL & DCA in May 2022

Cryptocurrency and stock markets are showing extreme bearish momentum this week, with Bitcoin hitting rock bottom at $29k after sharply rebounding to the current levels of $32k. Whether this is a bottom or not, Dollar-Cost Averaging (DCA) is one of the best strategies one can employ at this time to take advantage of the volatile […] The post Top 3 Metaverse Crypto Coins Below $1 to HODL & DCA in May 2022 appeared first on NullTX.

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This Indicator Points To A Bitcoin Bottom, $50K Next Target?

Bitcoin has been on a downtrend recently and although it has had multiple recoveries, it is still a long way off from its all-time high. There are a number of indicators that point towards bullish and bearish trends, but mainly seem to stand in the middle.

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Was $33k Bitcoin’s Bottom? On-Chain Analyst Reveals ‘Classic Indicator’ To Catch The Cyclic Bottom As Bullish Sentiments Linger

Key Takeaways Bitcoin has not yet reached a cyclic bottom according to Ki Young Ju, CEO of CryptoQuant. He draws his judgment from Bitcoin’s MVRV ratio, which is currently trending lower.   While the metric is bearish, bullish sentiments continue to linger in the market.

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Bitcoin (BTC) Price Jumps After Another Bearish Week

Bitcoin (BTC) has potentially reached a bottom and would confirm it with a breakout above its short-term resistance. The post Bitcoin (BTC) Price Jumps After Another Bearish Week appeared first on BeInCrypto.

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The Idea That The Bitcoin Bottom Is In Is Broadening

Calls for a trip back to $20,000 or even lower were in abundance after Bitcoin collapsed by 50% and sent the market into a bearish state. However, the idea that Bitcoin has bottomed is beginning to broaden.

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Retail Traders Pile On Shorts, Is This The Bitcoin Bottom?

Bitcoin has recently fallen below a $32,000 critical hold point and in response, retail investors have taken this as an opportunity to make money from the falling bitcoin price. So far, retail investors have started loading up on shorts, an incredibly bearish metric for the market.

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On-Chain Analysis: Declining Hashrate Does Not Slow Bitcoin’s Growth

Today's on-chain analysis highlights the declining hashrate of the Bitcoin network, which correlates with the bearish trend of the BTC price. However, it turns out that there are still more new users taking advantage of the bottom to join the crypto market.

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BTC, ETH, XRP, CHZ, HBAR, XMR, HNT — Tech Analysis, June 23

Bitcoin (BTC) and ethereum (ETH) have created bullish hammer candlesticks. BTC has potentially reached the bottom of a bearish impulse. The post BTC, ETH, XRP, CHZ, HBAR, XMR, HNT — Tech Analysis, June 23 appeared first on BeInCrypto.

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Building The Case That The Bitcoin Bottom Is In

Bitcoin price is back at $37,000, recovering from a frightening plunge to as low as $30,000. The selloff struck fear into the market unlike never before, making buying the dip a scary risk to take. However, there’s several signs that the bottom could be in, all while sentiment has turned fully bearish and the market […]

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Bitcoin Double Bottom Leads to Hefty Bounce

Bitcoin is expected to resume its upward movement until it reaches the neighborhood of $35,130.   Bitcoin Runs Into Resistance Bitcoin initiated a considerable upward movement on Jan. 28, creating a bullish candlestick that completely engulfed the prior bearish candle.

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A Detailed Look at the Bitcoin Dominance Rate

The Bitcoin dominance rate (BTCD) has broken down from a long-term rising support line. Unless it successfully reclaims the 66. 5% resistance area, the trend remains bearish. Double Bottom The Bitcoin dominance rate has been gradually increasing since June 24.

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Pessimism Around Bitcoin May Have Predicted a Bottom in Price

Investors are losing faith in Bitcoin as its price remains stagnant, but a counter-sentiment approach suggests that the uptrend could be preparing to resume. The Crowd Turns Bearish The high... The post Pessimism Around Bitcoin May Have Predicted a Bottom in Price appeared first on Crypto Briefing.

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Fractal Analysis: Bitcoin Price Will Rocket 35% Higher Ahead of Halving

Despite the overarching risks of an economic recession, Bitcoin has performed well over the past few weeks, rallying higher and higher over week after week, shunning off bearish narratives. In fact, since the $3,700 bottom, the cryptocurrency has gained over 80%, reaching as high as $7,500 but now trading at $7,050 as of the time of this article’s writing.

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Bitcoin Moves Above $7,000, Targets Key Resistance Level

Since reaching a bottom of $3,782 on March 13, the BTC price has been increasing. The increase has taken the from of an ascending wedge, which is considered a bearish reversal pattern. Since reaching the aforementioned bottom, the BTC price has increased by almost 90%.

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Waves, Verge, Ethereum Price: Waves' double bottom pattern shows promise of 23%-37% surge

Only, the Waves token shows promise with the formation of a double bottom pattern. Ethereum and Verge are all exhibiting bearish sentiment. Ethereum is stuck between the 50 and 200DMA while, Verge is The post Waves, Verge, Ethereum Price: Waves' double bottom pattern shows promise of 23%-37% surge appeared first on AMBCrypto.

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Bitcoin has Already Bounced by 42% Since the Bottom

BeInCrypto has previously compared the rate of decrease of March to other bearish months. With this week’s increase, those numbers have changed. Below, we will take a look at monthly Bitcoin candlestick characteristics and compare them to previous bearish months.

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Ethereum Close to Posting Long-Term Bottom as Analysts Eye Massive Upside

Ethereum (ETH) has seen some intense bearish price action over the past couple of days, which has largely stemmed from the bear-favoring market structure that Bitcoin has formed in the time following its recent “flash crash” below $10,000.

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3 Reasons Why An Analyst Thinks Bitcoin Will Plunge Below $6,400

While Bitcoin remains up in 2019, outperforming effectively all other assets except for altcoins and Tesla, market participants have been scared by the recent reversal. In fact, one popular cryptocurrency trader, who called the bearish reversal quite well over the past few days, has warned that the macro BTC bottom might not have been established at $6,400 in December.

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Economist: This Strange Occurrence Suggests the Bitcoin Bottom is In

Bitcoin’s unprecedented flash crash seen earlier this week has not proved to be as bearish as it was initially thought to be, as the crypto has now been able to find some solid support within the mid-$9,000 region and has even begun inching higher.

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Wyckoff Analysis: Bitcoin Bottom Is In, Price Poised to Break Past $8,000

For months now, crypto investors have been asking if the Bitcoin (BTC) bottom is in. While the answer has mostly been no over the past few months, a number of analysts are becoming certain that the drop to $6,400 seen earlier this month was the final bout of decisively bearish price action this cycle.

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Why a Top Analyst Thinks Bitcoin Remains Bearish Despite $1,000 Jump

Since trading as low as $6,400 this week, Bitcoin (BTC) has seen a strong price recovery, surging as high as $7,300 late last week as bulls managed to defend key levels. In other words, the leading cryptocurrency jumped by nearly $1,000 from the multi-month bottom, making some believe that bulls are back.

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Bitcoin Shows Reversal Signs Amid Growing Bearish Sentiment

The Bitcoin price has been decreasing since October 25. Both the long- and the short-term analyses suggest that the price will soon make a bottom and begin a reversal. The market has been bearish throughout November/December, especially since the Bitcoin price broke down below $7000.

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Bitcoin Shows Same Buy Signal Seen at 2018 Bottom of $3,150

With Bitcoin collapsing by 5% in the past days, moving from $7,150 to $6,750 as of the time of writing this, traders have once again flipped decidedly bearish on cryptocurrencies. Related Reading: Could Post Crypto Bubble Bitcoin Follow Dot Com Crash NASDAQ Chart? They fear that this latest move under the key support of $7,000.

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Bitcoin Will Reach a Bottom at $5500, Popular Analyst Claims

The Bitcoin price has shown strength with a bounce at the support line of the descending channel. However, the bounce was unsuccessful in moving above the recent breakdown from a significant support area — causing the price movement to remain bearish.

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Is Bitcoin Now Bullish or Bearish at $7K? Here’s the Scorecard

Is Bitcoin now bullish or bearish headed into 2020? Here’s how BTC is shaping up exactly a year after its $3.2K bottom was confirmed

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Lisk Price Analysis LSK / USD: Reaching The Bottom

Lisk has a bearish short-term outlook, with the cryptocurrency still trading below its 200-period moving average on the four-hour time frame The four-hour time frame shows that a bearish head and shoulders pattern has been triggered The daily time frame continues to show a large broadening wedge pattern Lisk / USD Short-term price analysis Lisk […] The post Lisk Price Analysis LSK / USD: Reaching The Bottom appeared first on Crypto Briefing.

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Binance Coin Price Analysis: Bullish Reversal On The Cards

Binance Coin has dropped to the bottom of a clear falling wedge pattern after crashing 20% against BTC pairing over the last 2 weeks. A short-term reversal could be on the cards if this particular formation plays out.

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Why Crypto Twitter’s Biggest Bull Suddenly Turned Bearish on Bitcoin

The pseudonymous Majin isn’t the most popular trader on Crypto Twitter, but even haters must admit that he’s got a knack for reading the market and has been on a hot streak since at least December 2018.

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Bitcoin Price Will Not Hit New Lows, Says Leading Crypto Analyst

Bitcoinist Senior Analyst, FilbFilb, believes that the basic rule of supply and demand will prevent Bitcoin from dropping to a new 2019 low. FUD to Drive Bitcoin to a New Bottom? Bitcoin’s most recent price action has presented a plethora of challenges to cryptocurrency traders, and the drop below $10,000 has the most bearish traders calling for Bitcoin to revisit the $5,000 – $7,500 range.

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RAVENCOIN Price Prediction Today: Daily (RVN) Value Forecast – July 15

The short and medium-term outlook is in the bearish trend. Responsible selling at key areas with bearish reversal candlesticks. RVN/USD Medium-term Trend: Bearish Supply zone: $0. 07000, $0. 08000, $0.

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Waves Price Analysis WAVES / USD: Oscillating At The Bottom

Waves has a bearish short-term outlook, with the cryptocurrency under heavy technical pressure The four-hour time frame shows that sellers have now invalidated a bullish inverted head and shoulders pattern The daily time frame shows that the WAVES / USD pair is trading within a large falling wedge pattern Waves / USD Short-term price analysis […] The post Waves Price Analysis WAVES / USD: Oscillating At The Bottom appeared first on Crypto Briefing.

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Ethereum (ETH) Price Forms Bottom: Break $300 Could Accelerate Gains

ETH price declined to a new monthly at $271 and recently recovered against the US Dollar. There was a sharp increase above the $280 and $290 resistance levels in the past two sessions. There was a break above a major bearish trend line with resistance near $286 on the hourly chart of ETH/USD (data feed.

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Binance Coin goes into warp; leaves the world’s top 10 cryptos light years behind

Bitcoin’s performance turned a corner in April 2019. However, there were other cryptocurrencies that have been surging through the bear market, including Binance coin and Litecoin. Binance coin has been one such noteworthy crypto, recording massive surges while disregarding bearish pressure in 2018.

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Bitcoin (BTC) Price Forming Double Bottom: Setting Stage For Rebound

Bitcoin price seems to be forming a strong support base near $7,440 against the US Dollar. The price recovered above $7,700 and it is currently trading near the $7,800 resistance area. There is a major bearish trend line forming with resistance near $7,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).

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Cardano ADA Could Reach $0.1 and Beyond By End of Q2 2019

Cardano officially left the previously bearish market after rising 2x from the bottom and climbing above the $0.55 level… The post Cardano ADA Could Reach $0.1 and Beyond By End of Q2 2019 appeared first on Invest In Blockchain.

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Enjin Coin (ENJ) Price Prediction 2019, 2020, 2023 and Beyond – Still In a Mini Correction Phase (May 20th Update)

Mid May Update: Technicals Daily ENJBTC On the daily chart, ENJ is really trying to penetrate the down-slanting trendline and officially end the intermediate bearish trend after it defended the bottom at 1671 satoshis.

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