While the bitcoin options market has recently shed its bearish bias, some analysts remain unconvinced about the strength of the move owing to weak institutional demand and the cryptocurrency's sensitivity to macro factors."There is no sign of an institutional pullback, which is the key for a rally," said Laurent Kssis, a crypto exchange-traded fund (ETF) expert and director of … [Read more...] about Case for Bitcoin Bottom Near $40K Is Weak as Institutions Stay Away
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Bitcoin Could Bottom at around $14k to $15k – BTC Analyst
Bitcoin could bottom at around $14k to $15k Bitcoin also has a probability of bottoming at the 50-week moving average The 50-week MA is providing support at current levels around $31k Whichever scenario plays out, beginning to accumulate Bitcoin is not a bad idea $31k is the Bitcoin level to watch during the weekly close Bitcoin could bottom out at around $14k to $15k. This is … [Read more...] about Bitcoin Could Bottom at around $14k to $15k – BTC Analyst
Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K
Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of its current range.BTC/USDT 4-hour chart. Source: TradingViewThe price of Ether (ETH) also fell under pressure alongside Bitcoin as the building momentum ahead of … [Read more...] about Bulls largely absent as Bitcoin price slips to the bottom of its range near $32K
Bitcoin metric sees ‘hell of a bounce’ in move which historically heralds BTC price bottom
A classic Bitcoin (BTC) on-chain indicator has seen a “hell of a bounce” even as price action stays uncertain.In a tweet on July 9, Philip Swift, creator of analytics resource Look Into Bitcoin, highlighted a dramatic change of course for the Puell Multiple.Advancing Puell and hash rate "a good sign"A deceptively simple metric, Puell tracks miner behavior with a view to … [Read more...] about Bitcoin metric sees ‘hell of a bounce’ in move which historically heralds BTC price bottom
Bitcoin sees 4.5% dip amid warning BTC price indicator bottom may still come
Bitcoin (BTC) kept traders guessing with rangebound action on June 30 after a push beyond the $37,000 resistance ended in rejection.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWyckoff stresses $32,300 supportData from Cointelegraph Markets Pro and TradingView showed a day of reversal for BTC/USD on Wednesday, with the pair down 4.5% to hit $34,500.After … [Read more...] about Bitcoin sees 4.5% dip amid warning BTC price indicator bottom may still come