An analyst has pointed out how the 50-week moving average (MA) of Bitcoin has historically acted as a sort of magnet for the asset’s price. 50-Week MA Is Currently Situated At $75,500 For Bitcoin In a new MA” is a technical analysis indicator that calculates the average value of any asset’s price over a given…
View More Bitcoin’s Next Stop: $75,500? Analyst Reveals Historical ‘Magnet’ LevelThe Bitcoin price has fallen more than -8.8% since Friday when Bybit suffered the biggest crypto hack in history. The flagship digital asset reached a peak of $99,493 late last week, only to retreat to roughly $91,500 at press time, marking a -5.5% decline since Monday. This downturn not only shatters Bitcoin’s attempt to hold…
View More Bitcoin Crashes: Experts Warn Of 6-Month Slump To $73,000In the aftermath of yesterday’s Bitcoin crash, market participants are closely examining whether the leading cryptocurrency by market capitalization can rebound or if it faces the prospect of another decline. In a post shared on X today, February 4, on-chain analysis data provider Lookonchain offered insights into five critical indicators that may help traders and…
View More After The Bitcoin Crash: Will It Rise Or Drop Again? 5 Key IndicatorsThe Bitcoin price sank by more than 13.5% over the weekend, dropping as low as $91,201 on Binance. The sell-off followed US President Donald Trump’s announcement of new trade tariffs. The administration levied a 25% tariff on most imports from Canada and Mexico, added a 10% tax on Chinese goods, and imposed a 10% tariff…
View More Despite Bitcoin Crash, Bitwise Predicts ‘Violent’ Surge Amid Trump’s Tariffs
Bitcoin has observed a retrace from its new all-time high after users on the major social media platforms displayed overexcitement. Bitcoin FOMO On Social Media Spiked During Recent Rally In a new rally to the new all-time high. Whenever volatility emerges in the market, users on these platforms start sharing about which levels they think…
View More Trader Greed Strikes Again: Bitcoin Corrects To $102,000 After FOMO Spike
Data shows the cryptocurrency derivatives market has suffered a high amount of liquidations in the past day as Bitcoin and other assets have crashed. Bitcoin, Ethereum Saw Notable Plunges During Past Day The last 24 hours have been red for digital assets, with a bulk of the market observing a drawdown of more than 5%.…
View More Crypto Liquidations Near $690 Million As Bitcoin, Ethereum CrashThe recent rejection at the $100,000 has prompted a wave of warnings from leading financial analysts, who caution that Bitcoin could be poised for a significant pullback toward the $70,000 region or, in some cases, even $60,000. Ali Martinez (@ali_charts), a crypto analyst, compiled the viewpoints of several market veterans on X , offering a…
View More Bitcoin Could Crash To $70,000, Warn Leading Financial AnalystsAlmost four years ago to the day, Bitcoin experienced a dramatic 17% plunge from $19,500 to $16,200 in 2020, an event that became infamously known as the “Thanksgiving Day Massacre.” As the holiday approaches once again, market participants are questioning whether history might repeat itself. On Monday and Tuesday, Bitcoin’s price underwent an 8% correction,…
View More Will Bitcoin See Another ‘Thanksgiving Day Massacre’? Experts Weigh In
Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has issued a stark Global Financial Crisis (GFC). Why Bitcoin Could Crash To $5,000 Kiyosaki revisited the events of 2008, referring to the GFC as a pivotal moment when, in his view, “the criminals at the Fed and Treasury began printing trillions of fake dollars…
View More Robert Kiyosaki Warns Of A Bitcoin Crash To $5,000: Here’s Why