This is the strangest bear market yet. It seems most people were prepared for it, even though the death spirals and Chapter 11 bankruptcies came out of nowhere. In any case, every coin is in the red. The market should be in a state of fear, uncertainty and doubt. That is certainly not the case for the two leading cryptocurrencies. ...
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Bitcoin (BTC) Must Make It Past This Threshold To Bounce Back
The United States has just released the Employment Situation Summary, which describes the current state of the US labor market. Bitcoin, the dominant cryptocurrency in the market, is counting on the freshly released data for a possible exit from the bear market. Bitcoin is struggling to keep its value within the critical $20,000 level. Despite this, investors have chosen to ...
Read More »How Low Can Bitcoin Go? Here’s What The Different Price Models Say
The bitcoin bear market has recently moved on as the crypto has failed to maintain its upward momentum. How low can the price go before there is a bottom? Bitcoin Price Models Set Different Cycle Bottom Targets A recent message from CryptoQuant has talked about the different pricing models for BTC and where they could be a possible bottom. Before ...
Read More »Will Bitcoin Make A Weekend Comeback? BTCUSD September 2, 2022
In this episode of NewsBTC’s daily technical analysis videos, we are going to look at the weekly time frame on Bitcoin BTCUSD in anticipation of the weekend and the weekly close. Watch the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 2, 2022 With the monthly open now out of the way and Friday here, we look ahead to the ...
Read More »Bitcoin Whales Increase Selling, BTC Rejected From $20,000
Bitcoin has experienced some volatility during today’s trading session as the price of BTC hits critical resistance levels. The number one cryptocurrency by market capitalization reacted positively to macroeconomic factors, but as the weekend approaches, low levels could lead to sudden price movements. At the time of writing, Bitcoin (BTC) is trading at $19,800 with a gain of 1% in ...
Read More »Crypto Market Remains Extremely Fearful As Bitcoin Struggles At $20,000
The crypto market has been at odds since the price of bitcoin fell to $20,000. This remains an important technical level for the digital asset as it is just above the previous cycle peak. As such, investors in the space are watching with bated breath to see if bitcoin can sustain this level. This, in turn, has led to a ...
Read More »A Date For The Mt. Gox Repayment Is Set, How Will This Affect Bitcoin?
The Mt. Gox Bitcoin payments have been long awaited. The process took several years and finally, in 2021, there is now a story in sight for all those affected. Attorney Nobuaki Kobayashi has been appointed as a Rehabilitation Trustee and will be responsible for the repayment process. This is expected to happen in a few months and a concrete date ...
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