New data and analysis suggested that the bear market might sustain for a while Bitcoin metrics and market indicators also painted a bearish picture for BTC The new year was not as promising as the Bitcoin [BTC] community expected. This was because the king coin didn’t manage to register gains in terms of its price. According […]
Bitcoin metrics and market indicators also painted a bearish picture for BTCmanage to register gains in terms of its price., BTC’s price declined by more than 1.5% in the last seven days. Furthermore, at the time of writing, it was trading at $16,654.85 with a market capitalization of over $320 billion.
that investors could have to wait a little longer to witness a price pump.The analysis talked about the Taker Buy/Sell ratio, which is a metric used to examine the prevailing sentiments on the derivatives market. As per the analysis, the index was bouncing around 1, and unlike previous patterns, there was no clear direction to these swings, since August 2022.is headed, which reduces the chances of an unprecedented surge in the short term.
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Bitcoin: Know this about the state of BTC as you occupy trade positions in 2023BTC opened the new year trading at a two-year low A few on-chain data suggest further price downsides in 2023 Upon assessing Bitcoin’s [BTC] investment trends of 2022, investors could have to think before going deeper into the BTC pool. According to CryptoQuant analyst Wenry BTC holders should brace for a further decline in value […]
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Key lessons from Bitcoin [BTC] in 2022 and what to expect in 2023Navigating the world of Bitcoin and cryptocurrencies, in general, has been a rough rollercoaster in 2022. That chapter is now closed and we have now entered into new unchartered territory. Every crypto enthusiast and their dog are now wondering whether 2023 will bring good tidings or whether it will turn out worse than 2022. While […]
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Around 200+ Bitcoin [BTC] lost in a hack, says core developerLuke Dashjr, one of the original core creators of Bitcoin, claimed that a hack that happened right before the new year cost him “essentially” all of his BTC. The developer claimed in a tweet on 1 January that the suspected hackers had acquired access to his PGP (Pretty Good Privacy) key. This popular security technique […]
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BCH’s closing price of 2022 had this BTC connection, will 2023 be any different?BCH ended 2022 at a 2-year low However, BCH witnessed a growth in coin distribution Bitcoin Cash [BCH], was trading at $97.74 as of 31 December and closed 2022 at a two-year trading low, data from CoinMarketCap revealed. Also impacted by the severe decline in the cryptocurrency market during the year, BCH’s value dropped by 77%. […]
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Bitcoin slips beneath $16.7k, but here are two support levels to watch out forDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The market structure of Bitcoin was bearish on higher timeframes December’s lows at $16,256 could be tagged before a move higher, but should you buy the dip? The sentiment behind Bitcoin has been fearful […]
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Crypto winter to exceed 2023? This CEO predicts another “tough year”Marcus Lightspark CEO David Marcus believed that the crypto winter would not be over before 2024. Bitcoin [BTC] is trading at more than $16,500 at press time, avoiding major volatility as 2022 drew to a close. David Marcus, the founder and CEO of crypto firm Lightspark, disappointed bulls with his outlook for the coming years. […]
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