With crypto dipping further every two minutes, many analysts are worried if we are now in a bear market and if a crypto winter is coming much like what we saw in the year 2018. Is a Bear Market Here?…
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Bitcoin recovered some of its losses today after yesterday’s sharp decline, but according to analysts, risks in the cryptocurrency market remain high. The largest cryptocurrency gained 7.4% on the day to trade at $91,765. Bitcoin, however, had retreated nearly 20% from its November peak yesterday, testing below the critical $85,000…
Bitcoin is “range-bound under pressure,” having broken below the “True Market Mean,” slipping into a “defensive range toward the Realized Price,” of around $55,000, reported Glassnode on Wednesday. The on-chain analytics provider remained bearish, noting that demand across spot and derivative markets was weak. “Spot flows and ETF demand remain weak,…
Bitcoin’s price dumped once again on Sunday afternoon to a new six-month low of $93,000. On the surface, the reasoning behind the latest crash is quite slim, as there aren’t any significant catalysts that can be blamed. However, the analysts from the Kobeissi Letter believe there’s a more profound and…