Bitcoin

Bitcoin (BTC) only needs one more key on-chain signal for a classic bull market to begin, analyst David Puell says.  In a tweet on Dec. 17, the Puell Multiple creator argued that the stage is almost set for the end of the BTC price bear market. Puell: Bitcoin network activity “underwhelming” Despite many calling for new BTC/USD lows of $12,000 or less this cycle, not everyone is wholly bearish on the outlook for Bitcoin. For Puell, two essential on-chain phenomena necessary for BTC price… Source link

The head of digital assets research at global investment behemoth VanEck, Matthew Sigel, is predicting wild fluctuations for Bitcoin (BTC) over the coming months. Starting with a bearish forecast, Sigel says in a post detailing his crypto predictions for 2023 that Bitcoin could fall to between $10,000 and $12,000 in next year’s first quarter. According to Sigel, Bitcoin miners are currently unprofitable and the resulting bankruptcies will trigger a crash in the flagship crypto… Source link

After the spectacular collapse of the U.S. cryptocurrency exchange FTX, investor confidence in the cryptocurrency ecosystem is very low. Hence, the ongoing media reports and social media rumors about higher-than-usual outflows from the world’s largest crypto exchange Binance are raising alarm bells among crypto investors and the wider investing community. Binance’s controversial proof of reserves report, intended to calm investors down, has seemed to further fuel speculation about the… Source link

The Twitter account belonging to early Bitcoin contributor and adopter Hal Finney has been reactivated after twelve years of inactivity. Finney was the first individual to receive a blockchain transaction from Bitcoin creator Satoshi Nakamoto in 2009. He continued to use and contribute to Bitcoin until he passed away from ALS complications in 2014. Finney’s Twitter account has been dormant since 2010. Concerns emerged in recent days that the account could be deleted under Elon Musk’s… Source link

With bitcoin and the CoinDesk Market Index turning lower as traders rethinking the takeaway from this week’s Federal Reserve meeting, plus a closer look at BTC dominance, CoinDesk’s “Markets Daily” is back with the latest news roundup. December 16, 2022 Listen on: Source link

Bollinger Bands are a technical indicator that tracks an asset’s 20-day moving average, and calculates price bands that are two standard deviations above and below that average. Statistically, prices stay within two standard deviations of its average approximately 95% of the time, so a move beyond either band is important to monitor. Source link

The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14.  The rejection did not invalidate the 4-week-long ascending channel, but a weekly close below $825 billion will confirm a shift to the lower band and reduce the support level to $790 billion. Total crypto market cap in USD, 12-hour. Source: TradingView The overall investor sentiment toward the market remains bearish, and year-to-date losses amount to… Source link

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Bitcoin (BTC) looked set to ditch $17,000 after the Dec. 16 Wall Street open as United States equities continued to fall. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: $240BNB “has nothing but air below it” Data from Cointelegraph Markets Pro and TradingView tracked new intraday lows of $16,743 for BTC/USD on Bitstamp. The pair had abruptly dived nearly 3% earlier in the day, compounding losses, which immediately followed one-month highs. Ongoing concerns over largest… Source link

Bitcoin (BTC) has sustained losses across 2022 amid an extended cryptocurrency bear market that is yet to hit a bottom. At some point, Bitcoin appeared to end the year on a positive note after reacting well to the United States inflation and CPI data alongside the subsequent Federal Reserve interest rate decisions.  In this line, Bitcoin reclaimed the crucial $18,000 position, and investors hoped the minor gains will be instrumental for the asset’s possible rally moving into the new… Source link