Finance Expert Raoul Pal Says 20% Bitcoin Correction Only Temporary As Euphoria Will Return

Co-founder and Chief Executive Officer (CEO) of Real Vision, Raoul Pal has shed light on the current market state and the future outlook of Bitcoin, the world’s largest cryptocurrency. Despite the cryptocurrency witnessing declines of more than 15%, the financial expert has uncovered a significant pattern that indicates a potential bull flag following Bitcoin’s price correction.

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Bitcoin correction case of pre-halving peaking: analysts

As the 2024 Bitcoin halving approaches, Bitcoin (BTC) is struggling to hold above $63,000, and the price is expected to drop even further in what is termed a “correction."

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Bitcoin is at risk of a correction, thanks to this cohort

The rally in BTC’s price has attracted many new short-term holders. Their profit-taking habit may result in a price correction.  The recent hike in Bitcoin’s [BTC] value has led to an uThe post Bitcoin is at risk of a correction, thanks to this cohort appeared first on AMBCrypto.

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Bitcoin: will this cohort keep bears at bay?

Short-term holders began to accumulate BTC despite a price correction. MVRV ratios declined while traders remained positive. Bitcoin [BTC] witnessed a massive correction in the last few daysThe post Bitcoin: will this cohort keep bears at bay? appeared first on AMBCrypto.

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Bitcoin On The Brink? Analyst Predicts Soaring Open Interest May Signal 20% Price Correction

Bitcoin’s open interest—the total number of outstanding derivative contracts that have not been settled—has surged to levels not seen in over six months. Amid these high-interest levels, market analysts warn that Bitcoin may see a 20% price correction.

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Bitcoin's greed index hits 72, is a correction looming?

Bearish sentiment around BTC has been on the rise.  Bitcoin's growth rate slowed down in the last 24 hours.  As the crypto market initiated its bull rally, investors' expectations, especiaThe post Bitcoin's greed index hits 72, is a correction looming? appeared first on AMBCrypto.

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Bitcoin Cash (BCH) Price Correction Ends, Is a 50% Upside in Sight?

The Bitcoin Cash (BCH) price has possibly completed its correction and will increase to a new yearly high. The post Bitcoin Cash (BCH) Price Correction Ends, Is a 50% Upside in Sight? appeared first on BeInCrypto.

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TA: Bitcoin Price Could Rally Again If It Stays Above This Key Support

Bitcoin started a downside correction from the $24,000 resistance against the US Dollar. BTC is finding bids near $22,500 and might start a fresh increase. Bitcoin started a downside correction and traded below the $23,000 level.

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Bitcoin: Revising the odds of BTC hitting $372K after latest correction

The last six months haven't been the best for Bitcoin, with the king coin's performance keeping most altcoins subdued as well. With minimal hikes every now and then, followed by dips that invalidate tThe post Bitcoin: Revising the odds of BTC hitting $372K after latest correction appeared first on AMBCrypto.

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Bitcoin bounce signals the end to the least severe correction of 2021

After hitting a new all-time high of $69,000 on November 10, Bitcoin has been caught in a downtrend. The post Bitcoin bounce signals the end to the least severe correction of 2021 appeared first on CryptoSlate.

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TA: Bitcoin Starts Corrective Decrease, $53K Holds The Key

Bitcoin started a downside correction from the $55,700 zone against the US Dollar. BTC is correcting lower, but dips remain supported near $53,000 and $53,200. Bitcoin started a downside correction from well above the $55,500 level.

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TA: Bitcoin Corrects Gains, Why BTC Must Could Extend Losses

Bitcoin price started a downside correction from the $42,600 zone against the US Dollar. BTC is now trading below $40,000 and it might extend losses towards $38,500. Bitcoin started a downside correction below the $41,200 and $40,000 support levels.

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Bitcoin Nears $60,000

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Bitcoin Weekly Forecast: BTC/USD Does Not Want to Move Below $50,000

Now, Bitcoin trades above $55,000 following a modest downside correction from its weekend top of $56,640 (data from Coinbase).

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Bitcoin Postpones Bearish Correction as Tesla Adds BTC Payment Option

An overnight price correction in the Bitcoin market after the Federal Reserve Chairman Jerome Powell's testimony paused midway as Elon Musk came to the rescue.

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Whales and Institutions Hold onto Bitcoin Despite Correction: Santiment

According to recent analytics data, Bitcoin keepers are holding onto their Bitcoin really tightly despite seven percent correction in price

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More Hands Willing to Buy Bitcoin Amid Second Major Bull Market Correction

As bitcoin makes the long-awaited correction to $50,000, a potential upside correction is imminent as a bullish pattern that could potentially send bitcoin breaking out $58,000 has formed. Following a sharp dip from last week, bitcoin bulls surged to $53,000 where support was sustained.

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Bitcoin Drops Below $50,000 — Will a Steeper Correction Follow?

Despite the considerable drop, it’s likely that this is a short-term correction, Bitcoin is expected to make another new high after.   Bitcoin Attempts to Find Support Bitcoin decreased considerably on Feb.

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TA: Bitcoin Approaching Key Uptrend Support, Why BTC Could Revisit $52K

Bitcoin price started a downside correction from the $52,750 all-time high against the US Dollar. BTC is now approaching a couple of important supports near $50,500. Bitcoin topped near the $52,750 level and started a downside correction.

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Popular analyst prefers altcoins LINK, UNI, others during Bitcoin & Eth's correction phase

After reaching all-time highs, both Bitcoin and Ether have faced a wave of correction; while the former seems to be stagnated, the latter slid further. Experts believe the current dip in prices is a tThe post Popular analyst prefers altcoins LINK, UNI, others during Bitcoin & Eth's correction phase appeared first on AMBCrypto.

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Bitcoin Suddenly Drops 13% as Altcoins Continue to Rise

Bitcoin is charting a typical bull market correction amid increased expectations for price volatility.

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After ‘very healthy’ correction, why most industry experts are still bullish on Bitcoin

Soon after bitcoin shed over $2,500, when it dropped to $25,772 from the $28,000 range, on 27 December, a crypto analyst concluded that this phenomenon was a “very healthy correction.” Trader and The post After ‘very healthy’ correction, why most industry experts are still bullish on Bitcoin appeared first on AMBCrypto.

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Why One Fund Manager Says Bitcoin Is On The Verge Of A Larger Bearish Correction

Bitcoin has had a good run for the past two months, even surging to almost $20,000 earlier last week. Raoul Pal, the CEO of Real Vision Group has pinpointed several technicals that now suggest that the number one crypto is about to suffer a deeper correction in the near term. Bitcoin Looks Poised For A […]

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Depending on this metric, Bitcoin may be due for a correction!

With Bitcoin and most of the market's altcoins rallying in the backdrop, the Stablecoin Ratio seems to be highlighting the rise of sell-side pressure. At the time of writing, Bitcoin was trading at $1The post Depending on this metric, Bitcoin may be due for a correction! appeared first on AMBCrypto.

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Watch these two levels if Bitcoin price sees a major correction before $20K

Bitcoin is leading a monster rally, but is BTC overdue for a sharp correction?

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Bitcoin Is in “Do or Die” Territory After $500 Correction: Here’s Why

Bitcoin has embarked on a strong correction over the past 24 hours. After peaking at $11,850 earlier this week, the asset slipped as low as $11,150 on Tuesday as selling mounted on spot exchanges, evidenced by a negative predicted funding rate with OKEx’ BTC perpetual futures market.

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Analysts Are Watching This Level After Bitcoin Price Plunged Under $12,000

Bitcoin seriously broke higher on Monday, breaking above $12,400 for the first time since 2019. The asset has since suffered a strong correction to $11,900, where it trades as of this article’s writing.

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Bitcoin Correction Begins: How Much The Prices Can Fall This Time?

The much-anticipated correction in Bitcoin (Ticker: BTCUSD) has begun. But, according to veteran trader Jonny Moe, it is no reason for bulls to mourn. The analyst projected the benchmark cryptocurrency’s rally to resume after daytraders secured their short-term profits at $12,000.

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Bitcoin Bullish Structure is Breaking, Analysts Explain Why

Bitcoin declined during the Friday trading session after establishing its weekly top at $9,686. The downside correction appeared on rising profit-taking sentiment near $9,700, a historically strong resistance level.

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Bitcoin's active supply figures touch new highs despite downside correction

The severe market correction has cut short Bitcoin's bullish surges after the king coin plunged to $6,287, at press time. This move towards the downside was propelled by a drop of 6.30% over a period The post Bitcoin's active supply figures touch new highs despite downside correction appeared first on AMBCrypto.

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2 Possibilities for the End of Bitcoin’s Correction

The Bitcoin price has been decreasing since reaching a high of $10,491 on February 13. The decrease has been rapid and has taken the form of an A-B-C correction, which is nearing its end. Bitcoin (BTC) Price Highlights Bitcoin might have completed an A-B-C correction.

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Signal That Preceded 10% Bitcoin Boom Appears Again, and It’s Big for Bulls

Bitcoin hasn’t fared too well over the past few days, tumbling as low as $9,500 on Monday as sellers have started to liquidate their stacks en-masse. This meant that at the current correction’s worst, BTC was down just around 10% from the local $10,550 high that was set last week. While this plunge seemingly marks...

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Are Bitcoin Bulls Finally Giving Up? BTC Shows First Signs of a Big Correction

Bitcoin spiked above $9,400 and $9,500 against the US Dollar. BTC traded to a new yearly high at $9,569 and it is currently showing signs of a downside correction. Bitcoin price is likely forming a short term top near the $9,570 level against the US Dollar.

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How Bitcoin Open Interest Could Lead to a Big Correction

Bitcoin has continued climbing today, nearly reaching a three-month high. Indicators such as open interest, however, are signaling that a correction may be imminent. A few hours ago Bitcoin made another sustained move higher to knock on $9,400, its highest price since early November.

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Sorry Bears, Bitcoin Is Still In Mid-Term Uptrend: Here’s Why

Bitcoin started a downside correction from the 2020 high at $9,191 against the US Dollar. However, BTC price is still in an uptrend and it could find buyers near $8,000 or $7,670. Bitcoin price started a short term downside correction below $9,000 and $8,800.

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Bitcoin Starts Corrective Decrease But Bulls Not Out Of Woods Yet

Bitcoin price started a downside correction after rallying to a new 2020 high near $8,460 against the US Dollar. BTC corrected $500, but the price is still above many key supports. Bitcoin failed to continue above $8,500 and started a downside correction against the US Dollar.

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Bitcoin On The Verge Of Experiencing An 80% Correction – Peter Brandt

The bitcoin price movement has become quite complex and most analysts are not sure where it could be going next. The pattern has been unstable since the last week and the future seems to be getting bleaker as Bitcoin has failed to reach $12,000 again since the 30% correction experienced recently.

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Bitcoin Price Prediction And Analysis For July 6th – Correction Of The BTC Is Almost Over

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex At the end of the first week of July the Bitcoin has stabilized, trading at $11,194. 00. On H4 the quotations of the Bitcoin (BTCUSD) have dropped which is nothing but a correction after a long-term growth.

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Bitcoin price prediction: BTC prices primed for small correction that could evolve into a major correction

Bitcoin has been on a parabolic bullish rally for quite a while, which was followed by sideways movement of the price. However, at press time, the pattern formed indicated an imminent correction.

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Bitcoin Price Watch: BTC/USD Short-term Correction Underway

Key Points Bitcoin price topped near the $8,500 level and started a downside correction against the US Dollar. Yesterday’s highlighted key connecting bullish trend line was breached with support at $8,190 on the hourly chart of the BTC/USD pair (data feed from Kraken).

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Bitcoin Price Risks Pullback Before Testing $8K Again

Bitcoin could witness a minor technical correction before rising to the $8,000 mark.

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Despite A Major Correction Crypto Trader Brian Kelly Says Bitcoin ‘Isn’t Dead’

Kelly believes that the current developments in the cryptocurrency market might give a short-term pain but will prove to be fruitful in the long-run. The post Despite A Major Correction Crypto Trader Brian Kelly Says Bitcoin ‘Isn’t Dead’ appeared first on CoinSpeaker.

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Bitcoin [BTC]’s correction from $19000 was “inconsequential”, says market analyst

In an interview with CNBC Stock Draft, Todd Gordon, the Founder of TradingAnalysis. com, said that Bitcoin would bottom out at $4000. It will then rebound to $10,000, he said. The rebound will occur at the end of this year, according to Gordon.

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Expert Predicts Bitcoin Prices to Jump Back Above $10,000 by 2019

Todd Gordon, founder of TradingAnalysis.com predicted Bitcoin (BTC) to drop to $4,000 prior to a rebound above $10,000 by 2019 on CNBC’s Stock Draft June 22. When asked to explain his estimates, Gordon cited a “beautiful uptrend,” and called the recent correction down from $19,000 “inconsequential” given the gains in BTC price since 2015. The

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Bitcoin Price Watch: BTC/USD Testing Crucial Support

Key Points Bitcoin price started a downside correction after trading as high as $6,849 against the US Dollar. There is a major bullish trend line formed with support near $6,560 on the hourly chart of the BTC/USD pair (data feed from Kraken).

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Binance CEO Talks About The Bitcoin Correction Point

CEO of Binance, Zhao Chengpeng, issued a statement reminding Bitcoin users not to be overly concerned by the current level of volatility in the market. He also pointed out that Bitcoin hasn’t seen a ‘flat’ price chart to date.

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Binance Coin Continues To Outperform

After a fairly stagnant weekend for the cryptocurrency market, the downtrend continues as all top 45 players are in the red. However, despite the serious market correction, Binance Coin (BNB) continues its uptrend — marking significant gains over the past week.

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Bitcoin (BTC) Might Trade Sideways For Months But Correction Is Almost Over

Bitcoin (BTC) is trading sideways for the time being, with a dwindling daily volume and a lack of interest on behalf of both the buyers and the sellers. An important principle of technical analysis is that volume precedes price.

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Bitcoin [BTC] has not hit bottom yet, TruStory CEO says

Preethi Kasireddy, CEO of TruStory and blockchain engineer, talks about Bitcoin’s price fall and what it means for the industry, at the Yahoo Finance Summit. A loss in value means a loss of trust in the infrastructure.

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