More and more peak bear market signals are flashing up on the Bitcoin charts, leading analysts to believe that the pain is not over yet, but we may be nearing the bottom. Bitcoin has now closed for a third week below the 100-week moving average and has been under this long-term trendline for 13 days, […]
“FUD has taken over social media,” following Bitcoin’s 16% fall over the past week, said blockchain analytics firm Santiment on Monday. The crash was “a result of retail selling their bags,” it stated before adding that “this is more proof that markets move in the opposite direction of the crowd’s narratives.” “Negative posts about crypto […]
It’s hard to imagine now that just a few months ago, bitcoin was riding high, investors were hopeful about ‘Uptober,’ and the bulls dominated the market. In that not-so-distant past, the cryptocurrency was trading confidently within a six-digit price territory, and had just printed a new all-time high above $126,000. The community was full of […]
A 41-day liquidation cascade erased $1.1 trillion from the crypto market, marking one of the most severe structural contractions in its history, according to an analysis by Shanaka Anslem Perera. The industry observer is framing the wipeout as the end of the high-leverage era and the beginning of a more institution-driven trading environment for the […]
Bitcoin’s price dumped once again on Sunday afternoon to a new six-month low of $93,000. On the surface, the reasoning behind the latest crash is quite slim, as there aren’t any significant catalysts that can be blamed. However, the analysts from the Kobeissi Letter believe there’s a more profound and fundamental shift in the cryptocurrency […]
Bitcoin (BTC) took a big bearish shift this past weekend, with its price dipping below $104,000 on Friday October 17th, after days of zigzagging between $116,000 and $108,000. This drop put the market in “extreme fear” for the first time since April, leading many observers to speculate on how long the bull cycle will last, […]
Bitcoin is struggling to hold on to the $107,000 level after a brutal sell-off that wiped out billions and sent it down to a multi-week low of just under $104,000. It has put many in the market on edge, asking if this is a healthy correction or the start of a terrible bear market. The […]
Bitcoin critic Peter Schiff has doubled down on his stance, this time claiming the flagship cryptocurrency is in a bear market. However, the crypto community pushed back against his remarks, with many arguing that his analysis relied too heavily on short-term data. BTC Down 20% against Gold The economist dismissed Bitcoin in a September 24 […]
“The old money flow cycle is breaking,” crypto trader ‘Koroush AK’ told his 376,000 X followers on Wednesday, referring to the previous pattern of money rotating from Bitcoin to Ether and then to altcoins. “Now we have to navigate isolated mini-cycles where only some sectors pump while others get left behind,” he added. The flow […]
Even though he has given no new interviews or made any major new investments from beyond the grave, Munger made the news again this week for his amazing work ethic and sound investment advice. An article that appeared on CNBC reprised an old Munger quote that investors who can’t handle bear markets “deserve the mediocre […]
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