BTC price falls to $34K as Bitcoin RSI reaches most ‘oversold’ since March 2020 crash
It's looking more and more like a capitulation, but so far, open interest remains "unflushed," analysts warn.
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It's looking more and more like a capitulation, but so far, open interest remains "unflushed," analysts warn.
Bitcoin price action visits levels below $38,000 for the first time since August as losses continue to mount.
Difficulty follows hash rate to hit levels never seen before, underscoring miners' faith in long-term profitability.
Pain for Bitcoin and altcoin investors alike as a fresh cascade sees $40,000 support disappear.
Production costs for miners are around $34,000, and together with transaction fees, miners need not worry about another $40,000 support challenge on BTC/USD.
Analysts say Bitcoin’s strong rejection at $44,000 is further proof that derivatives markets play a significant role in the asset’s price dynamics.
$44,000 remains a focus overnight, but clear direction evades Bitcoin markets, and participants are nervous.
3 key Bitcoin price indicators suggest that the $40,000 level will hold as support throughout 2022.
Almost 30,000 BTC leaves major exchanges in a single day as buyers copy miners in taking the BTC supply off the market.
Data shows lost and held Bitcoin hitting a one-year high, while miners opened the year by accumulating “massive” amounts of BTC.