Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bearish
Is This A Crucial Time To Hold DOGE And SHIB As Bearish Threats Intensify?
The post Is This A Crucial Time To Hold DOGE And SHIB As Bearish Threats Intensify? appeared first on Coinpedia Fintech News With a strong bullish recovery during the past week, the BTC price recorded a high of $64,976. This resulted in a market-wide surge. Moreover, the meme coin category recorded the highest surge, with many tokens recording a three-digit surge within a short period. However, top meme coins like DOGE & SHIB have started this week on a bearish…
10 months ago
Bitcoin Price Prediction: Bullish Pattern Targets $80K, but Bearish Clouds Hover
The post Bitcoin Price Prediction: Bullish Pattern Targets $80K, but Bearish Clouds Hover appeared first on Coinpedia Fintech News Bitcoin is currently showing a strong bullish signal as its price breaks through key resistance levels in the short term. This breakout has resulted in a significant short squeeze, where various short positions have been liquidated, driving the price even higher. According to analyst Josh of Crypto World, on the daily Bitcoin chart, a noticeable decline in the U.S. Dollar Index…
10 months ago
Bitcoin’s MVRV Ratio Nears Critical Death Cross: Will The Market See A Bearish Shift?
A recent analysis from a CryptoQuant analyst has raised concerns over Bitcoin MVRV Ratio Momentum. The MVRV ratio, a critical indicator in on-chain analysis, represents the ratio between Bitcoin’s realized and market values. It serves as a tool to assess whether the market is overvalued or undervalued. By applying 30-day and 365-day moving averages (DMA) to this ratio, the analyst has observed a shift in market momentum, potentially signaling a major market move ahead. A Bearish Shift On The Horizon?…
10 months ago
Ethereum To Remain Under Bearish Pressure As Taker Buy/Sell Ratio Drops
Amidst the general financial market crash in early August, Ethereum (ETH) lost about 30% of its value, falling to $2,226 per unit. Notably in the last few weeks, the prominent altcoin has shown much resilience climbing back into the $2,600 price region. Albeit, this recent price retracement is accompanied by much uncertainty on how long Ethereum can sustain such upward momentum. Commenting on this dialogue, CryptoQuant analyst ShayanBTC has postulated that Ethereum may likely resume its bearish course. Ethereum Price…
10 months ago
When To Be Bearish On Bitcoin? On-Chain Analyst Answers
An on-chain analyst has explained signals in several metrics to see if Bitcoin is in a bearish phase. These Bitcoin Indicators Could Be To Follow For Bear Market Signals In a new post on X, on-chain analyst Checkmate replied to a user asking about an on-chain metric indicating when it’s time to turn bearish on cryptocurrency. Checkmate has shared two indicators: the Short-Term Holder Realized Profit/Loss Momentum and the Short-Term Holder MVRV Ratio Momentum. “Short-Term Holders” (STHs) here refer to…
10 months ago
Bitcoin Risks Further Decline As Bearish Death Cross Returns
A crypto analyst has unveiled a new bearish death cross for Bitcoin (BTC), the world’s largest cryptocurrency. According to the analyst, Bitcoin is at risk of further price stalls before any potential upward movement. Bitcoin Prints Another Bearish Death Cross In an X (formerly Twitter) post on August 15, a crypto analyst identified as ‘Mags,’ shed light on Bitcoin’s recent price movements, emphasizing key pattern formations and the cryptocurrency’s future outlook. Sharing a chart illustrating Bitcoin’s price action from October…
10 months ago
Ethereum Price Analysis: Here’s Why ETH Bulls Are Falling Short of Strength as Bearish Targets Get Activated
The post Ethereum Price Analysis: Here’s Why ETH Bulls Are Falling Short of Strength as Bearish Targets Get Activated appeared first on Coinpedia Fintech News The crypto markets appear to have initiated a recovery after hitting the monthly lows, while the bulls do not seem to have geared up. The top tokens, like Bitcoin & Ethereum, are facing immense bearish pressure soon after a small rise, which indicates the sellers are extremely focused on extracting profits. The ETH price, too,…
10 months ago
Bitcoin Price Dips Below July Wedge Highs of $58,280; Bearish Signals Remerge
The post Bitcoin Price Dips Below July Wedge Highs of $58,280; Bearish Signals Remerge appeared first on Coinpedia Fintech News Analyst Josh of Crypto World has observed that Bitcoin is continuing its bearish trend, with the price now testing a critical support level. A new signal has also emerged for the broader crypto market. The Bitcoin chart continues to show bearish signals, as indicated by the SuperTrend indicator. Over the past day, the bearish trend remains unchanged, with Bitcoin forming…
10 months ago
This Altcoin Reclaims a 3-Digit Figure—Will it Trigger a 10% Rise to Squash the Bearish Impact?
The post This Altcoin Reclaims a 3-Digit Figure—Will it Trigger a 10% Rise to Squash the Bearish Impact? appeared first on Coinpedia Fintech News The crypto markets have again faced fresh bearish action, even though the CPI rates came out below expectations. The historical pattern has largely changed since the inclusion of institutions into the crypto markets. Regardless of this, some of the altcoins continue to hold onto the previous market dynamics, Aave being one of them. The AAVE price…
10 months ago