Tag Archives: bitcoin bearish

Bitcoin Slips Under $64,000: Here’s Where The Next Support Is

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Bitcoin has continued its recent bearish trajectory during the past day as the asset’s price has now slipped under $64,000. Here’s what the next support looks like for BTC. Bitcoin Has Strong On-Chain Support Between $61,900 & $63,800 According to data from the market intelligence platform IntoTheBlock, BTC is floating just above a critical on-chain… Continue reading Bitcoin Slips Under $64,000: Here’s Where The Next Support Is→

IntoTheBlock Reveals Fact About Current Bitcoin Situation Analysts Are Puzzled By

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The market intelligence platform IntoTheBlock has discussed the bearish situation Bitcoin has been facing that has got many puzzled. Bitcoin Adoption Has Slowed Down To Multi-Year Lows Recently Bitcoin had a great first quarter in 2024, fueled by demand from the spot exchange-traded funds (ETFs) and institutional entities. During this run, the asset surpassed the… Continue reading IntoTheBlock Reveals Fact About Current Bitcoin Situation Analysts Are Puzzled By→

Hard To Be “Too Scared Of Bitcoin Price Action,” Says Analyst. Here’s Why

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Bitcoin has been having a bad time recently, but this analyst isn’t too worried about it, based on the recent trend in an on-chain indicator. Bitcoin Unrealized Loss Has Been At Low Levels Recently In a new post on X, on-chain analyst Checkmate talked about how the latest price action of the cryptocurrency isn’t too… Continue reading Hard To Be “Too Scared Of Bitcoin Price Action,” Says Analyst. Here’s Why→

Bitcoin FOMO: Social Media Users Calling To Buy Sub-$66,000 Dip

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Data shows that traders on social media have been calling to buy during the latest Bitcoin dip below $66,000, a sign that FOMO is active in the market. Bitcoin Investors Are Displaying FOMO After The Recent Decline As the analytics firm Santiment pointed out in a new post on X, the recent drawdown in the… Continue reading Bitcoin FOMO: Social Media Users Calling To Buy Sub-$66,000 Dip→

Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns

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On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross still has a high value, a sign that may be bearish for BTC. Bitcoin NVT Golden Cross Is Still Near Historical Top Zone In a CryptoQuant Quicktake post, an analyst discussed the recent trend in the NVT Golden Cross for BTC and its… Continue reading Bitcoin Not Out Of Danger Yet, NVT Golden Cross Warns→

Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge

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Data shows that Bitcoin sentiment has cooled off to neutral from greed following the asset’s latest plunge to the $57,000 level. Bitcoin Fear & Greed Index Has Returned To Neutral Levels The “Fear & Greed Index” is an indicator created by Alternative that shows the average sentiment among investors in the Bitcoin and wider cryptocurrency… Continue reading Bitcoin Greed No More: Sentiment Back At Neutral After $57,000 Plunge→

Bitcoin Forms Death Cross & TD-9 Sell Signal: Brace For Impact?

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An analyst has explained how Bitcoin is forming both a death cross and TD sell signal, which may lead to potential dips in these targets. Bitcoin Looking In Trouble As 12-Hour Chart Forms Two Bearish Signals In a new post on X, analyst Ali discussed two signals that have recently formed in Bitcoin’s 12-hour chart.… Continue reading Bitcoin Forms Death Cross & TD-9 Sell Signal: Brace For Impact?→

Bitcoin Has Next Major Demand Zone At $56,000: Brace For Impact?

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On-chain data shows the next major Bitcoin demand zone is around $56,000, a level BTC might end up revisiting if the decline continues. Bitcoin Has Next Major On-Chain Support Around $56,000 According to data from the market intelligence platform IntoTheBlock, BTC’s recent drawdown has meant that it may end up having to rely on the… Continue reading Bitcoin Has Next Major Demand Zone At $56,000: Brace For Impact?→