Bitcoin traders expect a ‘long consolidation’ phase now that BTC trades below $21K
Analysts say the entire crypto market is in for a very long consolidation and accumulation period following BTC’s current drop to 2017 highs.
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Further downside is expected, but multiple data points suggest Bitcoin is undervalued
Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected.
Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation
BTC and altcoins generated nominal gains after the Federal Reserve raised the benchmark interest rate by 0.75%, the largest hike in 28 years.
Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds
BTC’s sell-off is easing slightly, but traders are afraid that negative newsflow and future U.S. interest rate hikes could push the price lower.
Bitcoin price falls below its ‘realized price’ but is it time to buy the dip?
Another wave of selling hit BTC and sent its price to lows not seen since December 2020. Does on-chain data suggest this dip is worth buying?
Bitcoin price recovers $31.5K, but traders say ‘scam’ price action will bring more downside
BTC price rallied back to a strong resistance level at $31,500, but traders caution that another whipsaw is the most likely outcome.
Traders think Bitcoin bottomed, but on-chain metrics point to one more capitulation event
BTC price gravitates around the low $30,000 zone, luring traders to believe the bottom is in, but data from Glassnode warns of another final sell-off.
On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K
Despite being underwater on a portion of BTC positions, data shows long-term holders continuing to accumulate Bitcoin in its current range.
3 metrics contrarian crypto investors use to know when to buy Bitcoin
Bitcoin price is down, but which dips are the ones to buy? Here are three metrics savvy investors use to determine when to buy BTC.
On-chain data flashes Bitcoin buy signals, but the bottom could be under $20K
Multiple indicators signal that BTC could be in a “buy zone” but analysts caution that its price could still dip below $20,000.
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