unprecedented macro environment"Within the current macroeconomic framework, all models and historical precedents are likely to be put to the test," it concluded.
"Based on the current positioning of Bitcoin prices relative to historical floor models, the market is already at an extremely improbable level, with only 0.2% of trading days being in similar circumstances." It noted that those who had bought BTC in 2020 and 2021 had provided the driving force behind recent selling.
"Almost all macro indicators for Bitcoin, ranging from technical to on-chain, are at all-time lows, coincident with bear market floor formation in previous cycles. Many are trading at levels with just single-digit percentage points of prior history at similar levels," the newsletter added.at 10/100 or"extreme fear," also constituting a classic reversal level in bear markets gone by.
The bottom may have been reached, but the question is how long Bitcoin will be at the bottom.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimisticBitcoin’s derivatives metrics reflect slight improvements since the $17,600 low, but whales and market makers continue to price higher risk of another breakdown. short lived us scamcoins
Source: Cointelegraph - 🏆 562. / 51 Read more »
Top 5 cryptocurrencies to watch this week: BTC, UNI, XLM, THETA, HNTAlthough Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and HNT. 1. $SOL 2. $ETH 3. $LNDS (NFT real estate project in private sale) 4. $DOME (heard some juicy info about the new updates) 5. $BNB $GOO as well as its token you earn and spend in GooeysP2E NFT game. Your Gooey NFTs are characters in the game you send off to do quests and they return with goo token and fruit you feed them with. It looks like we're in for a long term bear market❗ This gives people the chance to find new and exciting projects📈 NFTshootout will soon have a gaming marketplace where in-game NFT's can be traded, along with a play-to-earn Football game🔥🔥🔥
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin price dips under $21K while exchanges see record outflow trendJust another manic Monday. Bitcoin saw a selloff entering the June 27 Wall Street open as United States equities fell. (Reporting via WilliamSuberg)
Source: Cointelegraph - 🏆 562. / 51 Read more »
2022 bear market has been the worst on record — GlassnodeCongratulations, hodlers - you are in the worst bear market in the history of Bitcoin. Glassnode has shown several key indicators proving that 2022 will go down as the worst to date for Bitcoin traders, most of whom are now underwater. Could be Luna or ICP. That’s why it’s important to DCA. FEARporm This is the end of Blockchain technology So?!… what you gone do about it?
Source: Cointelegraph - 🏆 562. / 51 Read more »
Three Indicators Suggest Bitcoin Might Be Due for Relief Rally Next: DetailsThree indicators suggest that Bitcoin price might have reached its floor: details BTC Crypto cryptocurrencies
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin Could Reach $72,000 This Week According to S2F Model, But Something Went WrongBitcoin should trade at around $72,000 according to this price model, but it has many flows Yea 😍 UnilayerNetwork has the potential to be the next big thing as blockchain users need interoperability feature more than ever. UniLayer has the technology able to make a smooth and seamless transfer of any data from chain to chain. For devs, you are invited to join our testing
Source: Utoday_en - 🏆 295. / 63 Read more »