Bitcoin Falls Under $70K As US VIX Index Signals Risk-off...
A spike in the VIX index shows growing fear in US markets, possibly impacting Bitcoin’s traders’ decision to hold off on deploying fresh capital.
A spike in the VIX index shows growing fear in US markets, possibly impacting Bitcoin’s traders’ decision to hold off on deploying fresh capital.
Technical charts suggest Bitcoin bulls must hold BTC price above $70,000 to avoid a pattern confirmation to new lows under $60,000. Will altcoins also hold up?
ETH price reclaimed $2,000 as the altcoin’s open interest fell to a 3 year low. If history holds, a short-squeeze could be the next step.
Technical charts suggest the crypto market’s relief rally may hold, especially if Bitcoin bulls succeed in flipping $70,000 back to support.
Bitcoin and Ether prices remain below most investors’ cost basis for their respective spot ETFs, but according to Bloomberg analysts, Ether holders are in more trouble.
Bitcoin and select major altcoins are likely to find strong buying near their recent lows, but the bears may continue to exert pressure near each token's respective range high.
Bitcoin fell below $66,000 as new capital inflows stalled, spot selling peaked, and investor sentiment failed to align with the market view that BTC is discounted.
Negative investor sentiment and the risk of selling near the range highs may continue to put pressure on Bitcoin and altcoins, invalidating the view that the market bottom is in.
Bitcoin and the wider crypto market are rebounding from deeply oversold levels, but data suggest it's too early to confirm that a trend change is in progress.
Bitcoin continued its trend of making new daily lows as the price fell below $64,000, but onchain data suggest a bottom is near.
Crypto markets plummet to new lows as Bitcoin nearly drops below $72,000 and ETH risks a dip under $2,000.
Bitcoin price looks deeply undervalued, and as the selling pressure tapers off, some analysts believe BTC presents a golden buying opportunity.
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