Is the Worst Over for Bitcoin? This Indicator Gives Room for Bounce

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Can Bitcoin bulls expect a much-needed relief rally?

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

The indicator flashes a major bearish signal when it is deep in the negative territory after a substantial price rally. This indicates that the market is potentially facing heavy selling pressure. Hence, in such a case, a major correction is likely on the cards. However, if the Net Taker Volume remains in the positive territory despite a price decline, this means that the market has likely bottomed.

At press time, the largest cryptocurrency is changing hands at $66,276 after dipping to as low as $64,673 earlier this Wednesday. The leading cryptocurrency is valued at $66,276.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 295. in COİN

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 & Bitcoin Cash Among Top Crypto Gainers as Crypto Prices Pump: What About Green Bitcoin?Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Dogecoin Explodes 50% as Bitcoin Bitcoin Bulls Return in Force: This Week’s Crypto RecapCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

US Bitcoin miner Giga Energy to launch facility in ArgentinaUS Bitcoin miner Giga Energy has expanded into Argentina to convert otherwise wasted methane into Bitcoin.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Roger Ver Issues Crucial Ross Ulbricht Bitcoin (BTC) X PostBitcoin Cash advocate Roger Ver highlights the importance of Ross Ulbricht’s work for Bitcoin adoption
Source: Utoday_en - 🏆 295. / 63 Read more »

Does the Bitcoin halving impact cross-chain interoperability solutions?Beyond the immediate impact on Bitcoin pricing and miner rewards, Bitcoin halving influences cross-chain interoperability.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Major Bitcoin ETF Warning Made by Samson Mow, Hold Tight‘$1 million Bitcoin’ advocate Samson Mow has commented on the recent outflows from Bitcoin ETFs
Source: Utoday_en - 🏆 295. / 63 Read more »