CRYPTO NEWS - Decrease Again for 2% - Bitcoin Price is around $29K
CRYPTO NEWS - Decrease Again for 2% - Bitcoin Price is around $29K
00:01 Intro
01:12 Crypto News
02:08 Bitcoin News
03:21 Ethereum News
04:11 Bitcoin Technical Analysys
05:03 Bitcoin Price Prediction
11:37 Outro
Bitcoin’s (BTC) price has failed to hold above the crucial $30,000 level, and slid to $29,500 in the last two days. The resultant pressure due to the crypto market crash last week is holding Bitcoin in a bear hug.
Unfortunately, market analysts and on-chain data indicate that the BTC price could possibly dive to the $27,000 level as Bitcoin is currently forming a bottom. As per analysts, bearish rejections at higher levels continue to push the Bitcoin (BTC) price downwards.
Bitcoin (BTC) Price In a Bear Hug
Bitcoin is now in a bear market and will rise after a bottom is formed, as explained in a previous article. PlanB, the creator of the Stock-to-Flow (S2F) model, had disclosed in a tweet that the Bitcoin price is forming a bottom for the upcoming bull market.
Moreover, PlanB announced in a tweet on May 18 that the 2-Year Moving Average is approaching the 2-Year Realized BTC price. It indicates the Bitcoin (BTC) price still has to dive a little more before a rally can be seen.
00:01 Intro
01:12 Crypto News
02:08 Bitcoin News
03:21 Ethereum News
04:11 Bitcoin Technical Analysys
05:03 Bitcoin Price Prediction
11:37 Outro
Bitcoin’s (BTC) price has failed to hold above the crucial $30,000 level, and slid to $29,500 in the last two days. The resultant pressure due to the crypto market crash last week is holding Bitcoin in a bear hug.
Unfortunately, market analysts and on-chain data indicate that the BTC price could possibly dive to the $27,000 level as Bitcoin is currently forming a bottom. As per analysts, bearish rejections at higher levels continue to push the Bitcoin (BTC) price downwards.
Bitcoin (BTC) Price In a Bear Hug
Bitcoin is now in a bear market and will rise after a bottom is formed, as explained in a previous article. PlanB, the creator of the Stock-to-Flow (S2F) model, had disclosed in a tweet that the Bitcoin price is forming a bottom for the upcoming bull market.
Moreover, PlanB announced in a tweet on May 18 that the 2-Year Moving Average is approaching the 2-Year Realized BTC price. It indicates the Bitcoin (BTC) price still has to dive a little more before a rally can be seen.
