Binance Square
LIVE
LIVE
Umerkhalid
Baissier
--537 views
$ETH $BTC $SOL Is Bitcoin Slipping Back Toward a Bear Market? The price of BTC has fluttered downward since flying higher than ever a month ago. How low could it go? Bitcoin is being weird again. Last month, it touched a new all-time high of nearly $74,000 per coin. Now, after having dropped hard and fast, the biggest digital coin is trading for $61,655. VaynerSports Gaming VP Discusses Web3 Content Creators, Decentralized Streaming One definition of a bear market is an asset priced 20% lower than its most recent high. CoinGecko data shows that BTC is currently more than 18% off the new top it hit in March. Does that mean we’re edging toward a bear market just weeks after being in a bull market? Is that possible? Rather than poking the bear, experts told Decrypt that Bitcoin is currently in a consolidating market: one where there is indecisiveness among investors and an asset neither continues nor counters a long-term trend. As for why? War certainly isn’t helping. Bitcoin took a hit this past weekend—just before a geopolitical event shocked the markets. Things looked rosy Friday morning Eastern Time when the coin was priced at nearly $71,000. But then the Wall Street Journal reported Iran was planning an attack on its arch nemesis. The liquidation of hundreds of millions in short positions the same day was compounded when Tehran actually went ahead and launched a wave of 300 drones and ballistic missiles at Israel. #bitcoinhalving

$ETH $BTC $SOL Is Bitcoin Slipping Back Toward a Bear Market?

The price of BTC has fluttered downward since flying higher than ever a month ago. How low could it go?

Bitcoin is being weird again. Last month, it touched a new all-time high of nearly $74,000 per coin. Now, after having dropped hard and fast, the biggest digital coin is trading for $61,655.

VaynerSports Gaming VP Discusses Web3 Content Creators, Decentralized Streaming

One definition of a bear market is an asset priced 20% lower than its most recent high. CoinGecko data shows that BTC is currently more than 18% off the new top it hit in March.

Does that mean we’re edging toward a bear market just weeks after being in a bull market? Is that possible?

Rather than poking the bear, experts told Decrypt that Bitcoin is currently in a consolidating market: one where there is indecisiveness among investors and an asset neither continues nor counters a long-term trend.

As for why? War certainly isn’t helping. Bitcoin took a hit this past weekend—just before a geopolitical event shocked the markets.

Things looked rosy Friday morning Eastern Time when the coin was priced at nearly $71,000. But then the Wall Street Journal reported Iran was planning an attack on its arch nemesis.

The liquidation of hundreds of millions in short positions the same day was compounded when Tehran actually went ahead and launched a wave of 300 drones and ballistic missiles at Israel. #bitcoinhalving

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
0
Découvrez les dernières actus sur les cryptos
⚡️ Prenez part aux dernières discussions sur les cryptos
💬 Interagissez avec vos créateur(trice)s préféré(e)s
👍 Profitez du contenu qui vous intéresse
Adresse e-mail/Numéro de téléphone
Créateur pertinent
LIVE
@bitcoinlife

Découvrez-en plus sur le créateur

🛑I LOST A LOT OF MONEY IN CRYPTO...💰 ...but after a lot of struggle and learning, I managed to flip the coin and drive amazing profits. Here are 8 golden rules that helped me make bank with crypto: 📉💼 1. DIVIDE & CONQUER: Split your funds into 5 parts and invest only one-fifth each time! Keep a tight leash with a 10-point stop loss. Mistakes are inevitable, but with this strategy, you'll only risk 2% of your total funds per trade. Set a stop profit of more than 10 points to avoid getting trapped. 📈💰 2. FOLLOW THE TREND: Improve your winning rate by following the trend! Buying on rebounds in a downward trend may seem tempting, but it's often better to wait for declines in an upward trend. 🚀📉 3. AVOID SHORT-TERM HYPE: Steer clear of coins that have skyrocketed in the short term. Whether mainstream or copycat, few coins sustain multiple waves of rising trends. Don't gamble on these volatile movements. 📊🔄 4. MACD INDICATORS: Use MACD to time your entry and exit points. A golden cross below the 0 axis signals a steady entry, while a dead cross above the 0 axis suggests reducing positions. 📈💔 5. AVOID AVERAGING DOWN: "Covering positions" can lead to heavy losses. Resist the urge to double down when you're losing; instead, increase positions when profitable. Don't dig yourself into a deeper hole. 💹📈 6. WATCH THE VOLUME: Volume and price indicators are crucial. Pay attention to large-volume breakthroughs at low consolidation levels and exit decisively when high levels show stagnation. 📈⬆ 7. RIDE THE UPTREND: Stick to currencies with upward trends to maximize your chances of winning. Watch for key indicators like the 3-day, 30-day, 84-day, and 120-day moving averages to gauge the direction of the market. 🔄📝 8. WEEKLY REVIEW: Consistently review your holdings and adjust your strategy accordingly. Check for any changes in logic, technical trends, and market direction. $BTC $ETH $SOL
--

Dernières actualités

Voir plus
Plan du site
Cookie Preferences
CGU de la plateforme