Latest posts
-
Breaking Price Index in 2024-12-28T23:15:22.813-05:00 Bitcoin dips to $92K in ‘optimal dip-buying’ move as PCE boosts crypto
1. Summary: Bitcoin dipped to $92,000 following a leverage flush that punished late bulls in the market. The price weakness found support at familiar levels, with historical patterns playing out. The dip was attributed to a cascade of support loss and short-timeframe price weakness, with sell-side pressure notably seen on the largest US exchange, Coinbase.…
-
Breaking Price Index in 2024-12-28T23:15:22.813-05:00 Bitcoin whale support includes mid-$60K zone in new BTC price warning
1. Summary: Bitcoin is facing a tough battle for support after recent losses, with a drop to $96,000 causing panic among retail and institutional investors. Analysts predict further declines in the BTC price before a potential recovery, with targets as low as the mid-$60K range highlighted. Shifts in US macro policy have also contributed to…
-
Breaking Price Index in 2024-12-28T23:15:22.813-05:00 Crypto chatter about ‘buying the dip’ hits 8-month high: Santiment
1. Summary: Social media mentions of “buying the dip” surged to an 8-month high as Bitcoin dropped below $100,000, according to data from crypto analysis firm Santiment. This trend indicates a heightened interest in purchasing cryptocurrencies during price declines. 2. Key insights: – The proportion of social media posts discussing buying the crypto dip reached…
-
Breaking Price Index in 2024-12-28T23:15:22.813-05:00 Why is Cardano price down today?
1. **Summary:** Cardano’s price is down today due to diminishing user activity and strong overhead resistance. The network has experienced a significant decrease in daily active addresses and transactions since early December, leading to a decline in total value locked (TVL) on the Cardano blockchain. This reduced network activity and TVL have contributed to a…
-
Breaking Price Index in 2024-12-28T23:15:22.813-05:00 How low can the Bitcoin price go?
1. Summary: Bitcoin price has dropped by more than 11% from its recent all-time high, sparking discussions on whether this marks a local top and how low the price could go in the coming days. Analysis suggests a potential bounce from the $88,000-$90,000 range, with historical patterns and technical indicators offering conflicting signals on the…
-
Breaking Price Index in 2024-12-28T23:15:22.813-05:00 Why is Ethereum (ETH) price down today?
**Summary:** The price of Ethereum (ETH) has experienced a significant drop, with ETH trading at $3,119, down roughly 15% over the last 24 hours. Factors contributing to this decline include bearish sentiment among futures traders, a large liquidation event, de-risking behavior from investors, profit-taking by early holders and speculators, and the appearance of a bearish…
-
Breaking Price Index in 2024-12-28T23:15:22.813-05:00 Crypto liquidations hit $1B as traders were ‘unprepared for bad news’
1. **Summary:** Over $1 billion was liquidated in the crypto market in just 24 hours, catching traders off guard as they were unprepared for negative news following a bullish month. The market was hit by indiscriminate selling, with Bitcoin falling below $100,000. Analysts suggest the downturn may be short-lived, with expectations of a potential “Santa…
-
Breaking Price Index in 2024-12-28T23:15:22.813-05:00 Is Bitcoin price going to crash again?
1. Summary: Bitcoin’s price recently fell into the $95,000 range, experiencing the steepest decline since August. Despite concerns of further correction due to cautious comments from the Federal Reserve, onchain analytics suggest that Bitcoin’s evolving nature in this cycle may prevent steeper corrections. Various support zones have been identified between $99,000 and $95,000, with technical…
-
Breaking Price Index in 2024-12-28T23:15:22.813-05:00 Bollinger Bands point to explosive Bitcoin price upside, but how high?
1. Summary: The Bollinger Bands indicator suggests that Bitcoin is poised for significant price increases, with indicators pointing towards a potential upward breakout. The recent breach of the upper boundary signals a possible surge in Bitcoin’s value, leading to ambitious price predictions for the cryptocurrency. 2. Key Insights: – Bitcoin’s price movement indicates a potential…
-
Breaking Price Index in 2024-12-28T23:16:22.661-05:00 Binance Bitcoin reserves hits January levels — months before BTC jumped 90%
1. Summary: Binance’s Bitcoin reserves have dropped to levels not seen since January, hinting at a potential price surge if history repeats itself. The decreasing reserves signal investors moving Bitcoin into cold storage, reflecting bullish long-term outlooks. Bitcoin’s current price is $98,680, struggling to hold above $100,000. Analysts predict a possible rally beyond $105,000 post-Christmas…