Bitcoin bearish trend
Bitcoin is in a bear market. If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck. So what happens next? How long does it go on for? Where does it fall to? And, most importantly, what do we do?
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Bitcoin bearish trend
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Content:
- Why Bitcoin, Ethereum, and Solana Are Plummeting Today
- Bitcoin Bearish Trend May Be Over Very Soon
- Bitcoin logged losses in September over last 4 years; will the trend reverse?
- Bitcoin Price (BTC)
- Bitcoin: After weekend dip, chart watchers share crypto clues
- On-chain metrics point to early stage bear market, but Bitcoin HODLers seem unfazed
- Business Tech
- It's a Painful Day': Crypto Crash Roils Social Media
- How to Read a Bitcoin Depth Chart
- Cryptocurrency Prices In India Today: Bearish Market Sees Bitcoin Fall By Over 3%
Why Bitcoin, Ethereum, and Solana Are Plummeting Today
Kelsie Nabben does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Bitcoin continues to trade close to its all-time high reached this month. First launched in as a digital currency , Bitcoin was for a while used as digital money on the fringes of the economy.
It has since become mainstream. That is to say, a scarce digital asset. In response to the risk of economic collapse due to COVID, governments around the world have flooded global markets with money created by central banks, in order to boost spending and help save the economy.
But increasing the supply of money erodes its value and leads people to look for inflation-resistant assets to hold. In this climate, Bitcoin has become a hedge against looming inflation and poor returns on other types of assets. It creates artificial scarcity, which ensures the digital money increases in value over time. But perhaps the most groundbreaking aspect of the Bitcoin network is that it draws on the work of cryptographers and computer scientists to exist as a blockchain-based digital currency.
In other words, it functions via a dispersed peer-to-peer network, rather than through a central authority such as a central bank. This is anyone who chooses to run software to validate Bitcoin transactions on the blockchain. Typically, these people are actively engaged with cryptocurrency. They are rewarded with bitcoins, more of which are created every ten minutes. But the reward paid to miners halves every four years.
This gradual reduction was encoded into the network by creator Satoshi Nakamoto, who designed it this way to mimic the process of extracting actual gold — easier at first, but harder with time. Bitocoin miners today earn 6. This creates an incentive to get involved early, as scarcity increases with time. Because of this, the price is expected to rise to meet demand. But because future scarcity is known in advance predictable at four-year intervals , the halving events tend to already be priced in.
Therefore, massive surges and falls in price typically reflect changing demand conditions, such as a growing number of new institutional investors. More and more public companies are now investing in bitcoin. But what function does Bitcoin provide for society that has people so invested?
There are a few possible explanations as to why Bitcoin is now deemed significant by so many people. In the face of global uncertainty, buying bitcoins is a way for people to diversify their assets. Its market value can be compared to that of another go-to asset that shines in times of trouble: gold. Bitcoin and cryptocurrency in general is not politically and ideologically neutral. It was born of the internet era, one plagued with grave concerns for privacy.
Records of online forums show it was advocated for as an anonymous digital currency that allowed people to interact online without being tracked by governments or corporations, offering an alternative for anyone who distrusts the Federal central banking system. From a larger frame of reference, decentralised cryptocurrencies allow new ways to coordinate without the need for a central arbiter.
Similar to ordinary smartphone apps, software developers around the world are building decentralised applications DApps on top of Bitcoin and other blockchain protocols. They have introduced other cryptocurrencies, such as Ethereum , which are also open platforms for the public.
Other DApps include decentralised financial DeFi tools for prediction markets, cryptocurrency borrowing and lending, investing and crowd-funding. And what really deserves attention now is what this means for our digital, physical and social futures. Read more: Bitcoin's rebound: 3 reasons this bubble may not burst. Edition: Available editions Global. Become an author Sign up as a reader Sign in.
Bitcoin Banking Cryptocurrency Online currencies Digital currency decentralised. Events More events.
Bitcoin Bearish Trend May Be Over Very Soon
Price wise, BTC is up three percent in the last 24 hours and that means prices are trending above Feb 8 highs. The movie depicts a situation where the supply of oranges from the next harvest is unknown-and that is the source of bid and ask price bitcoin long term prospects for bitcoins craziness. In the last 48 hours, the price of Bitcoin had been in the bearish trend amd hd ethereum original value of bitcoin. However, if a bearish candlestick breaks the trend line and another one closes on the opposite of it; the bullish trend is said to be terminated.
Bitcoin logged losses in September over last 4 years; will the trend reverse?
Price: - Ok. GZ Xinhou Trad e co. GZ Woao Trad e Co. CN Store. Traders seeking to quick can be awaiting a drop below , and an increase in bearish momentum beneath the day shifting common in order to focus on , and , As I've mentioned several occasions, the weekly MACD is a good indicator when trying to determine bull or bear traits. Bitcoin broke out of a worrying descending channel on March 5.
Bitcoin Price (BTC)
Bitcoin shed nearly a third of its value on Saturday as a combination of profit-taking and macro-economic concerns triggered nearly a billion dollars worth of selling across cryptocurrencies. Bitcoin was 12 per cent down at 9. By The broad selloff in cryptocurrencies also saw Ether, the coin linked to the Ethereum blockchain network, plunge more than 10 per cent. It too rebounded to losses of 3.
Bitcoin: After weekend dip, chart watchers share crypto clues
By Tom Wilson , Anna Irrera. On the first sluggish Saturday of , Jan. The wild weekends are posing new challenges for market players large and small who face having to staff desks outside traditional office hours or risk missing potentially lucrative, or damaging, price moves. The increasing activity of bigger U. Investors use algorithms, or algos, to buy and sell bitcoin in smaller chunks that won't move prices so much. The technique was used by U.
On-chain metrics point to early stage bear market, but Bitcoin HODLers seem unfazed
Another Friday, another sharp bearish turn for leading cryptocurrencies. After concerns about the impact from the coronavirus omicron variant prompted steep valuation pullbacks for most cryptocurrencies on Black Friday, investors seemed to have digested the risk. Many top cryptocurrencies had been posting strong gains across the last week of trading, but valuations are once again tumbling in today's trading session. Investor appetite for risk is vacillating as we move toward the end of the year. Despite starting the week with recovery momentum on the heels of recent sell-offs, both stocks and cryptocurrencies moved lower as the week progressed, and more volatility could be in the cards. The quick recovery posted by many cryptocurrencies after last week's big Black Friday sell-off is on the verge of being short-lived. Investors seemed to shrug off concerns that the omicron variant would curb bullish momentum in the crypto space, but news of the virus's spread and the potential impact it could have on supply chains and other facets of the economy is once again pushing investors to become more risk-averse. While supply chain issues may not have an obvious connection to cryptocurrency pricing movements outside of the availability of graphics cards and other mining-related hardware, concerns about the omicron variant may be having a less direct impact on cryptocurrency valuations.
Business Tech
Some traders are saying rising U. Others are saying the bubble has burst on its parabolic rise, putting it in a position to plunge substantially. In , I wrote only one article on Bitcoin. It was published on October 23 on FXEmpire.
It's a Painful Day': Crypto Crash Roils Social Media
RELATED VIDEO: BITCOIN BEARISH BREAKOUT!! HOW BAD IS IT??!! WATCH ASAP!!Bitcoin , the largest cryptocurrency recently gathered some strength to push outside the resistance zone. Indicators still signal at a bearish trend concerning BTC. Bitcoin bulls have been put firmly on the back-foot, with prices cut in half since the Nov ATH. In our latest analysis we seek to define whether Bitcoin has entered a prolonged bear, using investor psychology, behaviour, and network profitability.
How to Read a Bitcoin Depth Chart
Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy. Should you ever confuse the terms, you only need to remember that bears wave their paws and halt to fight while bulls lift up their horns and simply run forward. So crypto bears trade for a fall and crypto bulls aim at an exchange rate growth. A trend, accordingly, is a continuously repeated tendency of price changes in the financial market.
Cryptocurrency Prices In India Today: Bearish Market Sees Bitcoin Fall By Over 3%
Many companies featured on Money advertise with us. Opinions are our own, but compensation and in-depth research determine where and how companies may appear. Learn more about how we make money. While cryptocurrency is new, studying price charts — looking for patterns in graphs of up and down movements — is one of the oldest and oddest trading strategies on Wall Street.
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