'Can't Stop, Can't Stop' - Bitcoin Holder Buys the Dip at $20,000
According to the latest data, the idea that panic selling caused the price of Bitcoin to drop seems less tenable.
CointelegraphAccording to the latest data, the idea that panic selling caused the price of Bitcoin to drop seems less tenable.
CointelegraphAnalysts say that after BTC's current drop to 2017 highs, the overall crypto market will enter a very long period of consolidation and accumulation.
CointelegraphWhile some BTC positions are underwater, data shows that long-term holders continue to accumulate Bitcoin within the current range.
CointelegraphBTC prices hit 2022 lows as on-chain data suggested safe-haven traders in cryptocurrencies and equities would abandon trades.
CointelegraphA similar bullish sign emerged as bitcoin reserves across all cryptocurrency exchanges fell to their lowest level in the past 12 months, suggesting traders are holding on to high sentiment.
Cointelegraph
CointelegraphBitcoin’s price action could “pivot to safety” if the Federal Reserve changes policy course.
CointelegraphA rate hike in March is highly likely following Wednesday's FOMC minutes, but stocks are also concerned about this week's geopolitical instability.
CointelegraphA catastrophic crash in global stock markets is not out of the question, and a "stagflation shock" is already brewing.
CointelegraphMultiple factors are pushing BTC price below $40,000, but derivatives data shows pro traders are neutral, and holding out hope for a quick trend reversal.
Cointelegraph