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Bitcoin Price Outlook: Community Still Very Bearish, Expects Lower Prices

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The crypto market is still reeling from Bitcoin’s price drop on Saturday. The largest cryptocurrency by market cap took the majority of the market down with it after succumbing to bearish trends. But it seems that this is not the end as investors expect the digital asset to continue its decline.

Another 5% Loss By The End Of The Month

March is still in its early days but it has already started out with bad news for the market. This is in line with the bearish sentiment expressed by participants in the space on Coinmarketcap’s Price Estimates feature.  The product collects votes from community members regarding where they see the price of a digital asset going forward, giving out a median and an average expected price. For bitcoin, it is incredibly bearish seeing as investors expect more downtrend.  Read more...

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Bitcoin Bearish Signal: Aged Supply Flows Into Binance

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On-chain data shows a significant amount of old Bitcoin supply has flowed into Binance today, something that could be bearish for the crypto’s price.

Bitcoin Supply 1-6 Months Old Has Been Deposited To Binance

As pointed out by an analyst in a CryptoQuant post, this aged supply is likely to be in profits and hence the deposits could have been done to sell it. The relevant indicator here is the “Spent Output Age Bands” (SOAB), which measures the total amount of Bitcoin that each age band in the market is moving currently.  Read more...

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Ethereum Bearish Signal: Network Demand Remains Low

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On-chain data shows the demand on the Ethereum network has continued to drop recently, a sign that could be bearish for the asset’s value.

Ethereum Total Transaction Count Continues To Go Down

As pointed out by an analyst in a CryptoQuant post, the ETH transaction count has observed a significant plunge recently. The “transaction count (total)” is an indicator that measures the total number of transfers taking place on the Ethereum blockchain on any given day.  Read more...

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USDC Issuer Circle Plans To Pour Investment In Circle Reserve Fund Amid Bearish Market

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The USDC issuer has started investing funds into its CRF (Circle Reserve Fund) to ensure that holders can redeem their coins when they want.

Many crypto firms faced issues this 2022 due to the market crash. Some downsized, while others filed for bankruptcy. Generally, the entire market felt the impact of the crypto winter, and investors lost billions of capital too.

As a result, those that survived the crash are taking measures to avoid such situations in the future. Also, most firms are aiming better to protect their customers’ funds in times of crisis. On this note, Circle has taken a bold step to prepare itself for such situations.  Read more...

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Bitcoin Bearish Signal: Long-Term Holder Selling Ramps Up

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On-chain data shows Bitcoin long-term holders have just ramped up their selling as the binary CDD metric shoots up.

Bitcoin Binary Coin Days Destroyed Has Observed A Surge

As pointed out by an analyst in a CryptoQuant post, long-term holders may be using the recent surge as an opportunity to distribute their coins.

A “coin day” is said to be the amount that 1 BTC accumulates while sitting still for 1 day. Thus, the total number of coin days in the market refer to the overall time the Bitcoin supply has been dormant for.  Read more...

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Nearly Half Of Bitcoin Holders Still Enjoy Gains Despite Bearish Misery

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Bitcoin (BTC) dwindled below the $ 20,000 mark Wednesday but despite the losses; quite a significant number of shareholders have significant gains to boot.

  • Around 47% of BTC holders earned profits, while 52% incurred losses
  • Bitcoin traded below the $ 20,000 Wednesday

As they say, there is no way you can lose with the king of crypto. 

As of September 7, roughly 47% of BTC holders have registered gains at the current price while 52% claimed profit loss.  Read more...

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Bitcoin Bearish Signal: Miners Move 4.4k BTC to Binance

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On-chain data shows Bitcoin miners have moved around 4.4k BTC to Binance, something that may prove to be bearish for the price of the crypto.

Bitcoin Miner To Exchange Flow Has Spiked Up Over The Past Day

As pointed out by an analyst in a CryptoQuant post, the recent transaction seems to have come from the Poolin mining pool.

The relevant indicator here is the “miner to exchange flow,” which measures the total amount of coins moving from wallets of all miners to all exchanges.  Read more...

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Bitcoin Bearish Signal: 7yr-10yr Old Coins Display Movement

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On-chain data shows around 5k BTC that was sitting dormant since between 7 years to 10 years ago has just been moved, a sign that may be bearish for Bitcoin.

Bitcoin Spent Output Age Bands Show Movement Of 7yr-10yr Old Coins

As pointed out by an analyst in a CryptoQuant post, whenever such aged coins have moved before in this year, BTC has seen generally bearish trend.

The relevant indicator here is the “spent output age bands,” which tells us about the selling behavior of the different coin age holder groups in the Bitcoin market.  Read more...

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Bitcoin Bearish Signal: Leverage Ratio Spikes Up

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On-chain data shows both the Bitcoin leverage ratio and the futures open interest has spiked up recently, a sign that may turn out to be bearish for the crypto’s price.

Bitcoin Estimated Leverage Ratio And Open Interest Surge Up

As pointed out by an analyst in a CryptoQuant, the BTC futures market seems to have been heating up during the past day.

To understand the leverage ratio, two other metrics need to be looked at first. They are the “open interest” and the “derivatives exchange reserve.”  Read more...

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Market Outlook: Crypto Bulls Rally After Bearish Downturn

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Market Outlook: Crypto Bull Market Still in Play After Bearish Decline

Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on Thursday, however, indicating the bull market is still in play.

Also read: Ignore Crypto Twitter – Life as a Nocoiner Isn’t That Bad  Read more...

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Bitcoin Price Analysis: Short Squeeze Imminent as Bearish Pressure Weakens

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Price Analysis Video.jpg

 Read more...

Summary:

  1. Following unconfirmed claims by the NYC Attorney General regarding Bitfinex and Tether’s insolvency, the bitcoin market had a knee jerk reaction that caused us to retest macro support. However, this pullback barely made a scratch on the market structure as we didn’t manage to break our trend of higher lows.
  2. The move was swift, but after a few days of sideways consolidation, the market is now seeing a retest of macro resistance in the $ 5,300 level. So far, the market has yet to reclaim the broken support, but the move is still fresh
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Bitcoin Price Analysis: Bearish Market Structure Breaks with a Single 20% Move

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Price Analysis Video.jpg

Introducing our first video price analysis by Bitcoin Schmitcoin.  Read more...

Summary:

  1. Bitcoin broke out of a massive consolidation pattern known as an “Adam and Eve” double bottom. The breakout was fueled by short liquidations that stacked up around the $ 4,000 level over the last 4–5 months.
  2. The measured move for the breakout has us testing several resistance levels and ultimately has a price target of around $ 5,300.
  3. We have managed to break the immediate bearish market structure and are attempting to break the macro bearish market structure. At the moment we are testing a break of the descending trendline as we also approach the monthly resistance level in the $ 4,800s.
This is a preview of Bitcoin Price Analysis: Bearish Market Structure Breaks with a Single 20% Move. Click Here To Read the full post

How Traders Can Make the Most of the Bitcoin Price’s Bearish Turn

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The bitcoin price on Tuesday continued to pursue its downward trajectory, albeit finding decent support at one of the downside targets. The climate is not favorable for establishing long-term positions, but a few well-timed day trades can help you make the most out of the market’s recent bearish turn. Bitcoin Price Not Favorable for Long-Term Trades BTC/USD opened the Asian trading hours at $ 3,433, down 0.43 percent from yesterday’s high. The pair fell as much as 2.87 percent as the session matured. It established an intraday low at $ 3,337 before correcting higher during the European trading session. As of 19:00  Read more...

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Crypto Exchange Tokens Outperform the Market in Bearish January

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Despite investor sentiment dropping after the first major hack of 2019, tokens associated with crypto exchanges have outperformed the larger market in January. To read this article you must be a subscriber Members can login here. Subscribe for $ 10/month Subscribe for $ 60/year SludgeFeed Premium members gain access to exclusive content that’s not available to the average reader, including […]
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Bond King Gundlach Bearish on Stock Market, But Jim Cramer Stays Bullish

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After calling a bear market in December, “bond king” Jeffrey Gundlach has criticized US debt levels. Despite last week’s stock market gains, he’s reiterated his bearish stance. Jeffrey Gundlach, Jim Cramer Spar over Stock Market’s Future The investor and former head of the $ 9.3 billion TCW Bond Fund has a reputation for being right. His

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Toyota Shares Looking Bearish after 1.7 Million Vehicle Recall

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Toyota has revealed it will recall another 1.7 million vehicles worldwide over airbag faults. The auto industry stalwart’s share price could be hit in the next session of trading. 23 Deaths Caused Worldwide by Takata Air Bag Inflators The latest recall is actually part of an ongoing recall program for Toyota which began in 2016

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‘Extremely Bearish’: Crypto VC Says Bitmain Layoffs Could Spell Doom for Bitcoin Cash and Litecoin

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Ongoing layoffs at cryptocurrency mega-firm Bitmain could start a fresh wave of selling in Bitcoin Cash and Litecoin markets, according to prominent crypto investor Kyle Samani. The cryptocurrency-focused venture capitalist said in a tweet that the Bitcoin mining giant is — if rumors are true — running out of money to continue its operations across

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Bearish on Tether? Bitfinex Adds USDT Margin Trading

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Crypto trading platform Bitfinex has announced the opening of a margin trading service for the USDT/USD trading pair. According to the platform, the aim of the new service is to improve its stablecoin offering so as to remain consistent with market evolution and user demand. With immediate effect, traders will be able to carry out leveraged

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