Bitcoin Price Analysis & Prediction (April 19th) – BTC Takes Sharp Downturn to $29k After Testing a Key Resistance Level, What Happened?

After Reaching $31k in the past week, Bitcoin closed above that price level, broke below $30k on Monday, and retested it as resistance yesterday. The price tumbled again and set a new weekly low at $29k.

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Bitcoin Hovers Near $29.3K After Binance Sell Order, UK Inflation Data

BTC fell as low as $29,045 earlier Wednesday. ETH dropped below $2,000 for the first time in almost a week.

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Long Traders Feel The Pain As Bitcoin’s Dramatic Fall To $29,000 Leads To $241 Million Liquidations

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Bitcoin breaks below $30,000 in flash crash event – altcoins bleed

At 09:00 BST, Bitcoin (BTC) lost $30,000, sinking as low as $29,010 at the time of press — a 3. 6% drawdown. A bounce saw the 09:15 BST 15-minute candle close at $29,285. However, bears continue piling on the selling pressure — dipping the subsequent candles in readiness for a retest of $29,010 support.

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Bitcoin supporters can thank these holders for BTC's return to $30k

Bitcoin bulls are back, after dispelling expectations of a sizable retracement. Low demand (for now) underpins the rally as most whales and retail sit on their coins. Bitcoin [BTC] was shapiThe post Bitcoin supporters can thank these holders for BTC's return to $30k appeared first on AMBCrypto.

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Bitcoin Sinks Below $30K Amid Dollar Jump, Mixed Q1 Earnings

BTC dropped as low as $29,292 on Monday before slightly rebounding. The surge from $28,000 last week was “largely untested,” one analyst says.

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Age-old bitcoin wallets coming alive amid rally to $30,000

Bitcoin (BTC) is witnessing a reawakening of age-old wallet addresses, as its amount of supply last active in the past seven to ten years just hit a 5-year low. This metric suggests that long-term investors are engaged in profit-taking trades…

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Breakout or retracement? Where does Bitcoin [BTC] head next

Bitcoin traders are bidding at lower levels much more than those expecting a quick upward run Volatility remains low as BTC struggles to find solid support With so many factors at play, fromThe post Breakout or retracement? Where does Bitcoin [BTC] head next appeared first on AMBCrypto.

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Bitcoin [BTC] emission intensity hits new all-time low- Here's why

Bitcoin mining sustainability reached a new ATH, thereby reducing gas emissions. Miners' revenue remains at extremely low levels. One problem Bitcoin [BTC] miners have faced is the complaintThe post Bitcoin [BTC] emission intensity hits new all-time low- Here's why appeared first on AMBCrypto.

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Core Scientific And Crypto Miners Agree To Settle With Equipment Worth $20 Million

The crypto winter of 2022 forced many crypto-related establishments into financial stress leading to bankruptcy proceedings. Core Scientific was one of the firms affected by the 2022 market crash as it filed for Chapter 11 bankruptcy due to falling revenue and low BTC prices.

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Bitcoin Slides Below $24.5K as European Banking Woes Spook Investors

BTC dropped as low as $23,946 Wednesday midday before pulling back above the $24,000 mark. Equity markets also struggled on the Swiss banking giant news.

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Bitcoin price falls to a multi-month low, but data points to a possible short-term bounce

BTC and altcoin prices succumbed to this week’s negative newsflow, but sentiment analysis and on-chain data point to the possibility of a short-term bounce.

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Bitcoin: This section of BTC holders has a reason to rejoice

Bitcoin holders' profits reach a new all-time high. Selling pressure remains relatively low, however, volume declines. Due to all the fear, uncertainty, and doubt (FUD) that surrounded the cThe post Bitcoin: This section of BTC holders has a reason to rejoice appeared first on AMBCrypto.

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BTC and ETH see declining whale interest, is another bear cycle imminent? 

Bitcoin’s total number of whales reached a three-year low at press time. However, several on-chain metrics favored the bulls and suggested an uptrend.  Santiment’s analyst, in a 3 MarchThe post BTC and ETH see declining whale interest, is another bear cycle imminent?  appeared first on AMBCrypto.

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Bitcoin (BTC) Takes a Nosedive: What Is Behind Recent Crash?

Bitcoin took a nosedive earlier today, losing 6% of its value in less than an hour and hitting an intraday low of $22,000

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Bitcoin Births Another Set Of Millionaires As BTC Nears $24,000

It’s no news Bitcoin has since been a millionaire-maker ever since its massive surge from its all-time low of trading below a dollar back in the day. And now, once again, data from on-chain analytics firm Glassnode shows the largest cryptocurrency by market cap has made a new set of millionaires.

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Bitcoin closes February flat following massive fluctuations 

Bitcoin (BTC) has closed the month of February flat following a period of massive fluctuations, which saw the asset plummet to a low of $21,351 before staging a comeback to an 8-month high of $25,250. A subsequent correction saw the…

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Key Reason Why Bitcoin (BTC) Just Dropped to $23,000

Bitcoin's value dropped significantly on Friday, hitting an intraday low of $23,000 and logging a loss of more than 3%

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Fed minutes do little to shake crypto markets with BTC down 2.7%

Fed minutes in-brief: 2% targeted inflation Low unemployment, 3.5% Fed funds target rate, 4.5% to 4.75%. The post Fed minutes do little to shake crypto markets with BTC down 2.7% appeared first on CryptoSlate.

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Bitcoin (BTC) Slips Below $23,000 As Crypto Regulation Rumors Spread

In the early hours of Thursday, Bitcoin (BTC) the largest cryptocurrency by market cap, sank to a four-week low.   The crypto asset slipped below its hovering $23,000 price range to as low as $22,408 before climbing back to its current price.

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Bitcoin hash rate taps new milestone with miner hodling at 1-year low

Data shows that Bitcoin miners’ BTC reserves are at their lowest since December 2021, despite a dramatic hash rate renaissance.

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Bitcoin miners’ selling pressure hits 3-year low

Bitcoin (BTC) miners’ selling pressure has reduced to lows last witnessed three years ago. The miners ease up on the distribution campaign they previously embarked on in 2022. The relief recorded among miners can be attributed to bitcoin’s recently-engineered rally,…

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Bitcoin holders are avoiding leverage in the latest rally, here's why

Low demand for leverage gives insights into the current Bitcoin investor psychology. BTC enjoys demand in the derivatives market courtesy of a strong recovery in open interest. Glassnode aleThe post Bitcoin holders are avoiding leverage in the latest rally, here's why appeared first on AMBCrypto.

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Gemini’s Bitcoin Inflows From Other Exchanges Dropped to Roughly Six-Year Low, CryptoQuant Data Shows

Gemini’s 30-day simple moving average of its BTC inflows from accounts on other exchanges suggest traders find Gemini less desirable than other exchanges.

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Bitcoin Exchange Balance hits 4-year low: How will this impact BTC?

Glassnode chart revealed that Bitcoin was experiencing a low exchange balance. The current downtrend might be indicative of a bull trend rather than a bear trend. After the FTX meltdown, BitThe post Bitcoin Exchange Balance hits 4-year low: How will this impact BTC? appeared first on AMBCrypto.

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Bitcoin: This is what large investor and retail interest can do for BTC over time

Bitcoin's low volatility managed to attract both retail and large investors that have been capitalizing on the opportunity to buy into the cryptocurrency Miner selling pressure reduces as revenThe post Bitcoin: This is what large investor and retail interest can do for BTC over time appeared first on AMBCrypto.

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Bitcoin Price Could Get As Low As $9,000, Asserts Pundit Who Correctly Predicted BTC’s Top

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BTC records historic low in volatility; is this the end of the ‘Crypto Wild West’ ?

Bitcoin's volatility hits all time low as per head of research at CoinShares BTC Whale Ratio managed to show some recovery  Bitcoin [BTC] continued to disappoint both the bulls and bears asThe post BTC records historic low in volatility; is this the end of the ‘Crypto Wild West’ ? appeared first on AMBCrypto.

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A look at the state of BTC HODLing and its impact on the current price level

Bitcoin HODLing reached a 12-month high indicating healthy accumulation. Upside potential is still limited amid low whale and institutional demand. It has been a while since Bitcoin [BTC] deThe post A look at the state of BTC HODLing and its impact on the current price level appeared first on AMBCrypto.

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Ethereum's prospects are better than BTC's for the next 12 months?

ETH might be a better cryptocurrency of the future than Bitcoin. The chances of a strong ETH rally are still low. Now that the crypto market has wrapped up a bearish 2022, crypto investors aThe post Ethereum's prospects are better than BTC's for the next 12 months? appeared first on AMBCrypto.

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Bitcoin Volatility At 2.5-Year Low As Market Boredom Continues

Data shows the Bitcoin 7-day volatility is now at lows not seen in 2. 5 years as boring price movement continues. Bitcoin 7-Day Volatility Now Sits At A Value Of Just 0. 7% According to the latest weekly report from Arcane Research, the BTC volatility has sharply declined recently.

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3 reasons why it could be a rocky week for Bitcoin, Ethereum and altcoins

BTC volatility is at a record low, inflows to spot markets remain muted and this week’s economic calendar suggests that volatility is set to rock the crypto market.

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Bitcoin: Know this about the state of BTC as you occupy trade positions in 2023

BTC opened the new year trading at a two-year low A few on-chain data suggest further price downsides in 2023 Upon assessing Bitcoin's [BTC] investment trends of 2022, investors could have tThe post Bitcoin: Know this about the state of BTC as you occupy trade positions in 2023 appeared first on AMBCrypto.

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BCH's closing price of 2022 had this BTC connection, will 2023 be any different?

BCH ended 2022 at a 2-year low However, BCH witnessed a growth in coin distribution Bitcoin Cash [BCH], was trading at $97.74 as of 31 December and closed 2022 at a two-year trading low, datThe post BCH's closing price of 2022 had this BTC connection, will 2023 be any different? appeared first on AMBCrypto.

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Taking a look at Bitcoin's historic low volatility periods to find what 2023 holds

Volatility, or the lack of it, can serve as a tool for analyzing market trends The downtrend of Bitcoin is mostly done, but one more leg downward could be painful Bitcoin [BTC] investors havThe post Taking a look at Bitcoin's historic low volatility periods to find what 2023 holds appeared first on AMBCrypto.

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Bitcoin Could See Another Bull Rally If This Happens

Bitcoin is still strangling at the $16,000 price level with no significant movement up or down. This is normal given the historically low rates of volatility that are being recorded in the market. However, there may be some good rallies in the near future for the digital asset, but it depends on what BTC whales do.

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Bitcoin volatility index hits historic all-time low

According to TradingView data analyzed by CryptoSlate, Bitcoin (BTC) volatility index fell to its all-time lowest on December 27. The post Bitcoin volatility index hits historic all-time low appeared first on CryptoSlate.

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Bitcoin poised near $17K as miner outflow hits 11-month low

Bitcoin (BTC/USD) continues to struggle around $17,000 since it traded sharply lower at the start of November amid the FTX implosion. The benchmark cryptocurrency is currently positioned near $16,826 on major crypto exchange Coinbase, having ticked down from intraday highs of $16,967.

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Will Bitcoin's hashrate follow history to trigger another BTC decrease? Assessing...

Bitcoin's hashrate hit a one-month low on Christmas day Exchange reserves continued declining but BTC excelled in neutrality The Bitcoin [BTC] hashrate went off the radar on 25 December, hitThe post Will Bitcoin's hashrate follow history to trigger another BTC decrease? Assessing... appeared first on AMBCrypto.

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Bitcoin's SOPR at a three-year low means this for your investment

BTC's SOPR fell to a three-year low. Coins remain idle on the BTC network, and whales have slowed accumulation.  The leading coin Bitcoin [BTC] is set to close the trading year within the $The post Bitcoin's SOPR at a three-year low means this for your investment appeared first on AMBCrypto.

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Bitcoin low volume sparks BTC price warning as metric hits ‘value zone’

Bitcoin NVT signal data presents conflicting views of what might happen to the current BTC price range.

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Bitcoin Drops To Monthly Low As Year-End Approaches, More Impulsive Decline?

Bitcoin moved closer to the $17,000 level on Tuesday. The digital currency dropped to $16,400, its lowest level in the last three weeks. As year-end approaches, BTC could face high volatility and low liquidity.

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Bitcoin Price Analysis & Prediction (Dec 20th) – BTC Likely to Start Fresh Drop, Retests November Break Down Level

After the recent crash, Bitcoin recovered slowly with a higher high and higher low pattern and paused the rally beneath $17,500 for a while. It later broke through this week following a continuous increase in its dominance.

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Litecoin Hits Short-Term Low As Price Breaks Below Parallel Channel

The Litecoin price has tanked further over the last 24 hours. On their respective charts, the prices of major altcoins reflect the price action of Bitcoin. As BTC slipped close to 3%, LTC also tanked nearly 8% on the daily chart.

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Research: Institutional appetite for Bitcoin has evaporated as OTC trades approach YTD low

Institutional appetite for Bitcoin (BTC) has slowly evaporated due to the current bear market situation and is reflected in the significant drop in over-the-counter (OTC) trades, according to an analysis of Glassnode data by CryptoSlate.

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BTC on exchanges falls to new lows since 2018

Less than 12% of the current Bitcoin (BTC) supply is held on exchanges, marking a new low since January 2018, according to Glassnode data analyzed by CryptoSlate. The post BTC on exchanges falls to new lows since 2018 appeared first on CryptoSlate.

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Bitcoin shrimps defy FTX implosion to add a record BTC to their holdings

Bitcoin price plummeting after FTX’s implosion in November provided shrimps – people with less than 1 BTC an opportunity to add to their balances at low prices. According to new on-chain data tracking shrimp holdings, the cohort bought 96.

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Bitcoin whales show accumulation restraint: What does it mean for BTC?

Bitcoin whales sold 367,000 BTC since June 2022 Exchange supply hits four-year low as stablecoin data revealed possible preparedness to accumulate Bitcoin [BTC] whales' holding and spending The post Bitcoin whales show accumulation restraint: What does it mean for BTC? appeared first on AMBCrypto.

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Crypto Crisis Pushes BTC Mining Difficulty To Bottom Spot, Any Possibility Of Reversal?

The low profitability of BTC mining is still puzzling for many crypto fanatics and investors. There’s no surprise here, given the ever-increasing energy costs. Moreover, the bear market is also significantly impacting Bitcoin’s mining difficulty.

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