Contrarian bulls might be taking some heart as at least one well-followed analyst is throwing in towel on his hefty year-end price target for bitcoin BTC$102,019.12. “While bitcoin’s structural investment case remains strong, cyclical dynamics have evolved,” Alex Thorn, head of research at Mike Novogratz’s Galaxy Digital, wrote in a Wednesday morning note to clients.
Wall Street bank Citi (C) said the latest bout of crypto market weakness comes despite buoyant equity performance, with October’s sharp liquidations leaving a dent in investor confidence. The Oct. 10 sell-off curtailed risk-taking not only among leveraged crypto traders but also among newer spot exchange-traded fund (ETF) investors, who have since pulled back, analysts
Bitcoin experienced a major crash, with the price falling below the psychological level of $100,000 last night. Evaluating the recent decline in Bitcoin, Singapore-based analysis firm QCP Capital examined the main reasons for the decline. At this point, QCP analysts stated that the decline in Bitcoin was due to a stronger dollar and uncertainty about
The king of crypto is pacing nervously just above six figures, licking its wounds after a bruising drop from the $126,000 summit. While the charts show bitcoin trying to steady itself, its indicators are whispering mixed messages — and they aren’t all optimistic. Bitcoin Chart Outlook On the daily chart, bitcoin is dragging a red
A new quantum countdown website projects a two– to three-year window for quantum computers to break widely used public key cryptography, placing Bitcoin within its scope. Sites like The Quantum Doom Clock, operated by Postquant Labs and Hadamard Gate Inc., package aggressive assumptions about qubit scaling and error rates into a timeline that spans the
In summary Price at 101,766.26 USDT 4 below all daily EMAs, bearish pressure remains. Daily RSI 32.93 4 momentum leans lower; short-term bounce possible but upside limited. MACD histogram -798.46 4 negative momentum confirms the down tilt. Bitcoin crypto news: daily structure favors sellers until price reclaims the 20/50 EMAs. Summary Multi-timeframe analysis 7 Bitcoin
The cryptocurrency market is showing signs of stabilisation on Wednesday following the market-wide correction earlier in the week. Bitcoin temporarily dropped below $100k on Tuesday but is now trading above $101k. The leading cryptocurrency is now consolidating around its key support level, suggesting that traders could troop into the market amid easing volatility. BTC dips
Bitcoin’s (BTC) new bearish sentiment and historical price movement suggest that the maiden cryptocurrency may be entering a fresh downturn cycle. This outlook, shared by prominent online cryptocurrency analyst TradingShot in a TradingView post on November 11, came as Bitcoin slipped below the $110,000 mark. Analysis of weekly price charts shows that Bitcoin has been
Crypto analysis platform Matrixport reported in its latest report that Bitcoin (BTC) is approaching the oversold region in terms of technical indicators, and these levels have historically paved the way for price recoveries. Matrixport: Bitcoin Approaching Oversold Territory, Current Levels Could Present Buying Opportunity Bitcoin has retreated into risk territory after a significant decline in
Bitcoin BTC$101,474.35 briefly fell below $100,000 for the first time since June on Tuesday, reaching lows of around $98,951. The drop took the largest cryptocurrency below two key support levels needed to sustain the current bull market, fueling concerns the decline may gather steam. The two levels, the 365-day simple moving average (SMA) and the