Bitcoin (BTC) is retesting resistance levels as its price recovers the $71,000 mark. However, an analyst has warned that the bear market is expected to continue and that the latest bounce could be short-lived. Bitcoin Eyes Reclaim Of Former All-Time High Resistance On Tuesday, Bitcoin surged 7.5% from the Sunday lows toward the $71,000 area,…
Tag: bitcoin recovery
Bitcoin Erases Recovery As Coinbase Users Relentlessly Sell
Bitcoin has retraced its recent recovery above $104,000 as data shows the Coinbase Premium Gap has continued to be negative. Bitcoin’s Coinbase Premium Gap Has Been Red Recently As pointed out by CryptoQuant community analyst Maartunn in a new Coinbase Premium Gap,” which measures the difference between the BTC price listed on Coinbase (USD pair)…
Bitcoin May Launch Recovery To $120,000 If This Condition Holds – Details
In the last week, Bitcoin’s correction took another drastic turn as prices retested the psychological $100,000 price zone, triggering heavy waves of liquidation. Although the premier cryptocurrency witnessed some rebound after, the current market price remains 19.02% away from the all-time high at $126,198. In the hope of a sustained recovery, a popular analyst with…
Bitcoin Sentiment Returns Back To Neutral As BTC Breaks $114,000
Data shows the Bitcoin Fear & Greed Index has retreated into the neutral territory as the BTC price has made recovery back above $114,000. Bitcoin Fear & Greed Index Is Exactly In The Balance Right Now The “Fear & Greed Index” refers to an indicator created by Alternative that measures the average sentiment present among…
‘All Bets Off’ If Bitcoin Reclaims This Level, But Analysts Warn Of Potential Rejection
This week’s market recovery has seen Bitcoin (BTC) surge over 10% to retest a key barrier for the first time in weeks. Amid this performance, some analysts suggest that the flagship crypto is about to restart its bullish rally, while others consider that holding key levels will determine BTC’s next step. Bitcoin Reclaims Its ‘Ultimate’…
Bitcoin Sentiment Still Close To Extreme Fear—Green Sign For Recovery?
Data shows the Bitcoin sentiment is currently not far from the extreme fear region, something that could be positive for the asset’s recovery. Bitcoin Fear & Greed Index Is Deep Into The Fear Zone The “Fear & Greed Index” is an indicator made by Alternative that tells us about the average sentiment present among the…
Bitcoin Weekly Close Key For A Retest Of $93,000 – ‘Weekend Relief’ Coming?
This week’s market correction has seen Bitcoin (BTC), the largest cryptocurrency by market capitalization, retest some of its key support levels. As the price starts to recover from the recent lows, some analysts consider the weekend might bring some bullish relief for investors. Bitcoin Recovers From $78,000 Drop Bitcoin has experienced significant selling pressure over…
XRP, Bitcoin Recovery Only Short-Lived? TD Sequential May Suggest So
An analyst has revealed how XRP and Bitcoin are among the cryptocurrencies seeing a sell signal on the Tom Demark (TD) Sequential after the market recovery. XRP & Bitcoin Among Coins Seeing TD Sequential Sell Signal In a new TD Sequential” refers to an indicator from technical analysis (TA) that’s used for locating probable points…