Will Bitcoin crash to $34K? Here's what the data suggests

Selling pressure on Bitcoin was high as its price dropped by over 2%. Market indicators remained mostly bearish on the coin.  The ETF approval turned out to be a bearish episode for BitcoinThe post Will Bitcoin crash to $34K? Here's what the data suggests appeared first on AMBCrypto.

280 +

Social Media Users Turn Bearish On Bitcoin, Rally Ahead?

Data shows the social media sentiment around Bitcoin has turned bearish, something that could be positive for the asset’s price. Bitcoin Social Volume Of Bearish Terms Has Surged Recently According to data from the on-chain analytics firm Santiment, the crowd on social media has started to turn bearish around Bitcoin and cryptocurrency in general. The […]

259 +

Bitcoin price must break $31K to avoid 2023 ‘bearish fractal’

BTC price needs to recoup some more key levels before ditching longer-term bearish risk, the latest Bitcoin analysis says.

38 +

Peter Schiff calls Grayscale’s legal win bearish for Bitcoin

Bitcoin critic Peter Schiff warns that Grayscale’s recent legal victory in converting its GBTC to a spot Bitcoin ETF could be bearish for the cryptocurrency. Schiff wrote in an Aug. 29 tweet, “GBTC becoming a spot ETF is actually bearish…

354 +

Bitcoin Holders Expect Retrace, Will BTC Move Against Crowd Once Again?

Data shows bearish sentiment has spiked among Bitcoin holders, something that could actually work in the favor of the asset’s price. Social Media Users Have Turned Bearish On Bitcoin As explained by the analytics firm Santiment, traders have come into the new week expecting the price of the cryptocurrency to retrace towards the $27,000 to $29,000 range.

229 +

Bitcoin Bearish Signal: Miners Sell At 3rd Largest Scale Ever

On-chain data shows that Bitcoin miners may have been selling at a historical rate recently, something that could be bearish for the asset’s price. Bitcoin Miner Inflow To Exchanges Has Registered A Spike Recently According to data from the on-chain analytics firm Glassnode, miner exchange inflows hit a peak value of $70 million recently.

192 +

Bitcoin Mid-Term Holders Move 50,000 BTC, Bearish Signal?

On-chain data shows the Bitcoin “mid-term holders” have been spotted moving 50,000 BTC on the chain, a sign that may be bearish for the price. Bitcoin Tokens Aged Between 3-6 Months Have Moved Recently As pointed out by an analyst in a CryptoQuant post, this kind of trend has proved to be volatile for the cryptocurrency in the past.

151 +

Bitcoin Price Bears Keep Pushing, Why Drop To $20K Is Still Possible

Bitcoin price broke the key $22,000 support zone. BTC is showing bearish signs and might decline further towards $20,500 or even $20,000 in the near term. Bitcoin is gaining bearish momentum below the $22,000 support zone.

201 +

What to Expect from Bitcoin in 2023 — the Bullish and the Bearish

80 +

Bitcoin May Collapse to $10,000 If This Happens

Scott Redler believes that the price of Bitcoin could drop to $10,000 as the bearish case for the top cryptocurrency remains strong

171 +

Wall Street veteran explains bearish outlook for Bitcoin

Bitcoin (BTC/USD) is battling downside pressure above $20,000, with recent dips beneath the round figure coming amid widespread selling across risk assets. Michael Purves, CEO of macro research firm Tallbacken Capital Advisors, thinks the benchmark cryptocurrency will remain bearish for much longer.

80 +

Bitcoin Is Forming This Bearish Pattern, According to Legendary Trader

Peter Brandt has spotted an ominous bearish pattern on the Bitcoin chart

183 +

Institutional Investors Remain Bearish As Short Bitcoin Sees Record Inflows

Bearish sentiment toward Bitcoin among institutional investors has been gaining ground in recent months. This was propelled even further by the crash that rocked the digital asset back in mid-June.

185 +

Bitcoin Finally Ends Its Longest Bearish Streak

Bitcoin, the world’s top cryptocurrency, has finally ended its bearish streak, but bulls are not out of the woods for now

78 +

Bitcoin (BTC) Closes Ninth Successive Bearish Candlestick

Bitcoin RSI has turned bullish in the daily and weekly time frames, but the price action has yet to catch up with this trend reversal. The post Bitcoin (BTC) Closes Ninth Successive Bearish Candlestick appeared first on BeInCrypto.

179 +

Bitcoin: Could 'Shrimps' beat 'Whales' to invalidate bearish stance

The overall cryptocurrency market cap shed more than 6% and stood at $1.4T in value as per CoinMarketCap. Bitcoin, Ethereum, and other alternative coins suffered the same fate as the bloodshed continuThe post Bitcoin: Could 'Shrimps' beat 'Whales' to invalidate bearish stance appeared first on AMBCrypto.

118 +

Bitcoin risks dropping towards $35k as the bearish trend thickens

The cryptocurrency market underperformed over the weekend, and Bitcoin could record further losses soon.… The post Bitcoin risks dropping towards $35k as the bearish trend thickens appeared first on Coin Journal.

91 +

Time Vs Price: Why This Bitcoin Correction Was The Most Painful Yet

Bitcoin price continues to move sideways in an increasingly tightening trading range to the dismay of cryptocurrency investors. The bearish sentiment across the space is among the most prominent in years — potentially more bearish than the 2018 bear market.

169 +

Market Wrap: Cryptocurrencies Fall as Sentiment Turns Bearish

Bitcoin (BTC) and other cryptocurrencies remain weighed down by geopolitical tensions. The bitcoin Fear & Greed Index entered "extreme fear" territory last week, indicating bearish sentiment among traders. And Bitcoin's blockchain activity is slowing.

94 +

Lone Bitcoin Bitfinex Whale Wants More Blood, Buyers Beware?

Bitcoin remains range-bound moving around $58,5000 and $60,500 as the general sentiment in the market flips bearish. The benchmark crypto trades at $60,327 with sideways movement in the daily chart.

173 +

Classic technical indicator foresees another massive Bitcoin price drop with $16K target

Bitcoin is forming a textbook downside continuation structure called a bearish pennant whose ultimate breakout target lurks near $16,000.

189 +

Bitcoin inches to $61,000, but on-chain data turns ‘mostly bearish’

Bitcoin inched closer to its $61,711 all-time high price over the weekend amidst strong adoption and favorable sentiment for the world’s largest cryptocurrency by market cap. The post Bitcoin inches to $61,000, but on-chain data turns ‘mostly bearish’ appeared first on CryptoSlate.

262 +

Bitcoin (BTC) Drops 15% — Is the Bull-Run Over?

Technical indicators are slowly turning bearish, and the loss of the $32,700 support area would confirm that the Bitcoin trend is bearish.   Weekly Bitcoin Outlook Bitcoin increased considerably during the week of Jan.

215 +

Bearish on-chain trend seen at Bitcoin’s 2019 peak of $14,000 returns

After falling as low as $16,000 last week and retesting $19,900 yet again, Bitcoin has begun to consolidate in the range around $19,000. The post Bearish on-chain trend seen at Bitcoin’s 2019 peak of $14,000 returns appeared first on CryptoSlate.

200 +

Expect a Short-term Setback in Bitcoin Market, Asserts OKCoin Exchange

Bitcoin is bracing for a bearish impact in the short- to medium-term, according to OKCoin. The San Francisco-based cryptocurrency exchange cited data from IntoTheBlock, a blockchain intelligence platform, that painted Bitcoin’s two out of seven on-chain fundamentals as bearish – and the rest as neutral.

235 +

Why Is Everyone Bearish? Analyst Asks as Bitcoin Macro Structure Still Bullish

Early in September, Bitcoin underwent a strong reversal that brought the coin to $9,800 from $12,500. The drop marked a crucial rejection of the $12,000 horizontal level on a weekly basis. There are some analysts that flipped bearish after Bitcoin formed that pivotal rejection.

134 +

Bitcoin’s Flash Crash Could Send it to Range Lows

Bitcoin (BTC) decreased considerably on July 2, dropping from a high of $9,255 to $8,940 in a span of fewer than three hours. The decrease also created a bearish engulfing candlestick on the daily time-frame, causing the price to drop below an important moving average (MA).

244 +

Bitcoin’s Bearish Monthly Close Raises Red Flags

The Bitcoin (BTC) price created a shooting star candlestick for the month of June. This is a bearish pattern that normally indicates that the previous upward trend has lost its strength and a reversal is near.

168 +

Bitcoin’s Price Movement Explained by the Wyckoff Distribution

The Bitcoin price has been gradually decreasing since May 14 and has reached an important support level at $8,400. A breakdown below it would confirm the bearish trend and make the movement until now a part of a bearish Wyckoff distribution.

241 +

Bitcoin Drops as Traders See Bearish Signals in Futures Markets

Bitcoin slid Monday to its lowest point in the past seven days, with traders saying bearish signals are appearing.

346 +

This Highly Bearish Volume Trend Spells Trouble for Bitcoin

Following the incredibly bearish selloff witnessed by Bitcoin and the aggregated crypto market yesterday, buyers have stepped up and supported the markets, allowing BTC and most other altcoins to put some distance between their recent lows.

140 +

Tether Has Been Below $1 For Six Months, And Its Bearish For Bitcoin

Bitcoin has managed to hold above the $7,000 level until the end of the year but could turn bearish in the short term the new year begins. Tether price action has been weak since July 2019 and it is not a good sign for BTC.

176 +

Bitcoin (BTC) Breakdown Below $7K Looms, Can Bulls Bounce Back?

Bitcoin price is trading in a bearish zone below the $7,200 resistance against the US Dollar. The price is currently struggling to stay above the $7,000 support area. There is a connecting bearish trend line forming with resistance near $7,120 on the hourly chart of the BTC/USD pair (data feed from Kraken).

197 +

For First Time Ever, Bitcoin Set to go Into 2020 Halving in Bearish Action

As bitcoin prices slide even further this week analysts have been looking at the bigger picture which is growing increasingly bearish. Previous approaches to BTC halving have been bullish but the opposite appears to be developing this time around, at least according to one analyst.

196 +

Bitcoin Price Drop Is on the Cards, According to Market Analyst Jim Wyckoff

Bitcoin has returned on the bearish side after failing to rally to $9,000

205 +

Bitcoin Price: On-Chain Metrics Pour Cold Water on Bearish Bias

Bitcoin’s current price action might be bearish but on-chain data suggests investor sentiment remains bullish

191 +

How Bitcoin Fundamentals Have Strengthened Despite Bearish Price Sentiment

In terms of price Bitcoin has had a pretty rough week. The 8. 5% slide had been largely predicted though and things are pretty bearish for cryptocurrencies at the moment. Fundamentally, the Bitcoin network continues to strengthen as the economies of the planet continue to weaken.

159 +

Bitcoin’s 3% Price Rise Neutralizes Bearish Setup

Bitcoin has bounced from key support and neutralized the immediate bearish setup, though a bullish reversal is still $600 away.

153 +

CNBC Analyst Explains Why He is Bearish on Bitcoin

Earlier this week CNBC Fast Money host Brian Kelly said he is short-term bearish on Bitcoin price based on a drop in daily active addresses. Does this mean BTC will drop lower?  Bitcoin bobs and weaves Bitcoin has spent the last week bobbing and weaving at the $10K line.

219 +

Bitcoin Price Looks Bearish Despite Bounce to $10.2K

Bitcoin's recovery to $10,255 seen in the last 24 hours could be short-lived, suggest bearish price and volume indicators.

159 +

Bitcoin Price Analysis: BTC Prepped For Another Bearish August

Bitcoin price has almost reached maximum consolidation inside a descending triangle pattern today, having spent the last 3 days narrowly range bound between $9400  and $9580.  Bitcoin Daily Chart  On the daily BTC/USD chart we can see how Bitcoin has made 4 lower lows over the past 20 days and found reliable support twice at the $9,400 level.

227 +

Bitcoin’s long-term sentiment bullish, despite present market scenario screaming bearish struggles

If a newbie without any prior information about Bitcoin enters the cryptospace right now, he would probably take one step back, turn and sprint away from the community. While Bitcoin has been recording a fairly successful 2019, the mood has dampened over the past few weeks.

190 +

Bitcoin’s bearish divergence leaves crypto unfazed as price continues to climb

Bitcoin’s price fluctuation has been the talk of the town for a long time now, and the number of mainstream investors talking about the world’s largest digital asset has also risen. A recent analysis has shown that the fall of volume in the Bitcoin ecosystem coincided with the bearish divergences of BTC’s 12 hour, 1 […] The post Bitcoin’s bearish divergence leaves crypto unfazed as price continues to climb appeared first on AMBCrypto.

227 +

Bitcoin Price Hits $11,500 Levels Following a Week-Long Bearish Period

Coinspeaker Bitcoin Price Hits $11,500 Levels Following a Week-Long Bearish PeriodAfter a week span of bearish market conditions, the number one cryptocurrency Bitcoin is back on track and currently trading above $11,000 price level.

263 +

Historically Bearish Technical Formation May Spell Trouble for Bitcoin Bulls

Bitcoin’s recent upwards momentum has led to a massive shift in the overall sentiment surrounding the crypto markets, as enthusiasm is tepidly increasing as more investors believe that the BTC’s 2018 lows are truly a long-term bottom.

165 +

If Bitcoin (BTC) Falls Under $3,200, HODLers Should GTFO: Bearish Trader

Former Bitcoin Short Seller Paints Bearish Picture Recently, Mark Dow, a preeminent hedge fund manager and skilled chartist, took to Twitter on Tuesday to make an unexpected declaration. In a tweet seemingly poking fun at crypto’s zealous bulls, Dow wrote that he would be saying goodbye to his Bitcoin (BTC) short, which he purportedly opened during the asset’s […] The post If Bitcoin (BTC) Falls Under $3,200, HODLers Should GTFO: Bearish Trader appeared first on Ethereum World News.

177 +

Bitcoin Rally Shouldn’t Excite the Bulls Yet, Trend Still Bearish

The Bitcoin price appears to have bottomed out near the $3,000-level after falling more than 80% this year. The digital currency at press time is trading above $4,000, up over 30% within just a week.

216 +

Bitcoin [BTC] Tests Key Support Level – Bullish or Bearish?

After the extremely bearish drop which has occurred over the past month across the cryptocurrency market, the market leader Bitcoin looks to have found a point of support. Bitcoin has dropped below $3300 on numerous occasions, but the price has risen back above each time.

182 +

Bitcoin Price Analysis: BTC Bearish Drop, Sub $6k Levels in Store?

Bitcoin has had a bearish start to the week recording three consecutive losing days. Today it is recording the most bearish movements of the week with Bitcoin losing about 2% over the past 24 hours.

210 +