Bitcoin ‘death cross’ that pushed BTC price to $28.8K reappears
The bearish crossover between Bitcoin's 20-day and 200-day exponential moving averages hints at a drop toward the $40,000-$42,000 area.
Auto Added by WPeMatico
The bearish crossover between Bitcoin's 20-day and 200-day exponential moving averages hints at a drop toward the $40,000-$42,000 area.
The crypto derivatives market plays an important role in price discovery, but institutional investors are needed to add depth.
Bitcoin price appears pinned below $48,000, leading some analysts to forecast “choppy” markets until Q1 2022.
“The Market Report” with Cointelegraph is live right now with special guest Sam Bourgi, business editor at Cointelegraph.
The number of Bitcoin addresses holding less than 1 BTC has been rising in the face of a 30% price correction from $69,000.
OMI, ANT and RAMP booked 20% gains after Bitcoin and the wider crypto sector reacted positively to today’s Federal Reserve announcements.
Traders look for a market-wide recovery now that the Fed confirmed at least three rate hikes and a wind-down of its bond purchasing policy in 2022.
In August, the CEO predicted that Bitcoin would trade “$100,000 plus a coin” late this year or early next year.
Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, has warned that the price of cryptocurrencies, including bitcoin, could fall to zero. Noting that the crypto industry is…
BTC price slumped to an intraday low at $45,672 and analysts say a classic technical analysis pattern and on-chain data point toward a strong flush down to $40,000.