1. Home
  2. Bear Market

Bear Market

$100,000 Bitcoin Incoming if BTC Climbs Back Above Major Resistance Level, Says Top Trader – But There’s a Catch

0,000 Bitcoin Incoming if BTC Climbs Back Above Major Resistance Level, Says Top Trader – But There’s a Catch

A closely followed crypto strategist believes that Bitcoin (BTC) could reach a six-figure price tag if it manages to reclaim a major resistance level. In a new strategy session, pseudonymous crypto analyst DonAlt tells the 61,000 subscribers of the TechnicalRoundup YouTube channel that the sell-off Bitcoin has witnessed recently could be invalidated if it manages […]

The post $100,000 Bitcoin Incoming if BTC Climbs Back Above Major Resistance Level, Says Top Trader – But There’s a Catch appeared first on The Daily Hodl.

Crypto Fear & Greed Index Jumps Back into Greed Territory

Analytics Platform IntoTheBlock Says Bitcoin Faces Further Downside Pressure, Outlines Critical Demand Zones

Analytics Platform IntoTheBlock Says Bitcoin Faces Further Downside Pressure, Outlines Critical Demand Zones

New data from crypto analytics platform IntoTheBlock indicates that Bitcoin (BTC) is facing further downside pressure. According to the market intelligence firm, the crypto king’s recent drop below $60,000 – a critical demand zone historically – could cause it to see further price cuts. “Bitcoin has breached its $60,000 support level, a critical demand zone. […]

The post Analytics Platform IntoTheBlock Says Bitcoin Faces Further Downside Pressure, Outlines Critical Demand Zones appeared first on The Daily Hodl.

Crypto Fear & Greed Index Jumps Back into Greed Territory

Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear Market

Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts — Declares BTC in Official Bear MarketEconomist and gold advocate Peter Schiff has highlighted bitcoin’s recent decline, declaring the cryptocurrency “back in official bear market territory.” He predicts further bitcoin price decline before Mt. Gox creditors begin receiving their crypto payouts next month. Bitcoin Back in ‘Official Bear Market Territory’ Economist and gold bug Peter Schiff, known for his skepticism towards […]

Crypto Fear & Greed Index Jumps Back into Greed Territory

Nasty Bitcoin Correction Incoming? Analyst Benjamin Cowen Updates Outlook on BTC

Nasty Bitcoin Correction Incoming? Analyst Benjamin Cowen Updates Outlook on BTC

A widely followed analyst says that a gut-wrenching correction may be in the cards for the crypto king Bitcoin (BTC). In a new video update, crypto strategist Benjamin Cowen tells his 792,000 YouTube subscribers that BTC has a history of retesting previous macro resistance levels as support before climbing higher. According to Cowen, Bitcoin did […]

The post Nasty Bitcoin Correction Incoming? Analyst Benjamin Cowen Updates Outlook on BTC appeared first on The Daily Hodl.

Crypto Fear & Greed Index Jumps Back into Greed Territory

A Bitcoin Crash to $10,000 ‘Still in the Cards,’ Warns Crypto Analyst Justin Bennett – Here’s Why

A Bitcoin Crash to ,000 ‘Still in the Cards,’ Warns Crypto Analyst Justin Bennett – Here’s Why

Crypto analyst and trader Justin Bennett is warning that Bitcoin (BTC) still could undergo a massive market crash this cycle. Bennett tells his 110,700 followers on the social media platform X that the crypto king could decline by more than 74% from its current value if a black swan event triggers a severe correction. According […]

The post A Bitcoin Crash to $10,000 ‘Still in the Cards,’ Warns Crypto Analyst Justin Bennett – Here’s Why appeared first on The Daily Hodl.

Crypto Fear & Greed Index Jumps Back into Greed Territory

Veteran Trader Peter Brandt Issues Ethereum Alert, Says ETH Could Crash by up to 70% – Here Are His Targets

Veteran Trader Peter Brandt Issues Ethereum Alert, Says ETH Could Crash by up to 70% – Here Are His Targets

A widely followed crypto analyst is issuing a warning about the second-largest digital asset by market cap. Veteran trader Peter Brandt warns his 707,300 followers on the social media platform X that top altcoin Ethereum (ETH) could soon see an epic crash that sends it below $700. “Classical chart patterns in price charts are not sacred […]

The post Veteran Trader Peter Brandt Issues Ethereum Alert, Says ETH Could Crash by up to 70% – Here Are His Targets appeared first on The Daily Hodl.

Crypto Fear & Greed Index Jumps Back into Greed Territory

Bitcoin prices should ‘logically’ correct in Jan, but crypto’s a ‘wild card’

Bitcoin should “logically” be headed for a “sell-the-news” correction in January, according to analysts, but that doesn’t mean that’s how it’s going to shake out.

The price of Bitcoin (BTC) should “logically” undergo a correction once spot Bitcoin exchange-traded funds (ETFs) are approved, though commentators also concede that crypto is also a “wild card."

Bitcoin has been gaining momentum over the last 11 months, with a jump in March amid banking uncertainty, another spike in June when BlackRock filed for a spot Bitcoin ETF, and again in October, similarly due to optimism over spot Bitcoin ETF approvals.

On Dec. 3, Bitcoin cleared the $40,000 mark, its highest level in 19 months.

Sell the news event

James Edwards, a cryptocurrency analyst at Finder, said that “logically,” the approval of a spot Bitcoin ETF should trigger a sell-off event.

“I'd like to say that logically this makes it a sell-the-news type event.”

“Buy the rumor, sell the news” is a phrase that describes a situation where a stock or asset rises ahead of anticipated positive news or events but falls once the news is confirmed or the event occurs.

“The idea that this is going to lead to widespread institutional buying on day 1 is a bit too optimistic,” explained Edwards, adding it is unlikely fund managers will “ape in the moment it goes live.”

Read more

Crypto Fear & Greed Index Jumps Back into Greed Territory

Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion

Ava Labs CEO Emin Gün Sirer however stressed the firm is well-positioned with significant runway and resources at its disposal.

Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources.

The firm’s founder and CEO Emin Gün Sirer confirmed the news on Nov. 7 after several former Ava Labs employees announced on X (formerly Twitter) they had been laid off.

“This reduction in force affected 12% of Ava Labs, and allows us to reallocate resources to double down on the growth of our firm and the Avalanche ecosystem,” Gün Sirer said.

Gün Sirer acknowledged that bear markets can be tough to navigate but iterated Ava Labs is well-positioned with significant runway and resources at its disposal.

Ava Labs has 335 employees, according to LinkedIn, which suggests around 40 people were impacted.

Ava Labs vice president of growth and strategy Garrison Yang hinted that many of the layoffs came from the firm’s marketing team.

In an Oct. 6 post on X, former game growth marketing team-member Zach Manafort was among those revealing he was laid off. His departure comes despite being active in the Avalanche community since 2020.

The layoffs came as a surprise to Manafort who thought “things were just getting started.”

Brandon Suzuki, who also previously worked in Ava Labs’ marketing unit, similar confirmed that he was laid off on Oct. 6.

The most recent round of layoffs comes only days after a 50% staff cut by nonfungible token marketplace OpenSea on Nov. 3.

Neil Dundon, founder of CryptoRecruit, told Cointelegraph that job openings are still hard to come by in the crypto industry, despite a recent uptick in crypto market cap.

“The Crypto market is still very tough unfortunately right now. Money is tight. VC has dried up.”

Dundon said there needs to be more signs pointing to a bull market before there’s any meaningful uptick in hiring again.

“This is how it has always behaved and it’s no different this time around.”

On the other hand, Kevin Gibson and Daniel Adler, the founders of Proof of Search and Cryptocurrency Jobs, both told Cointelegraph that they have seen a slight increase in hiring over the last few weeks.

Related: Searches for ‘AI jobs’ in 2023 are 4x higher than ‘crypto jobs’ when BTC hit $69K

Gibson attributed this to cryptocurrency firms acting under the impression that they may lose out on the talent pool when market conditions improve in 2024. He added:

“It is still an employer's market so we are encouraging companies to take advantage of this to keep building as it will be very different in 2024.”

Gibson noted that some of these positions were only 2-3 day per week roles as opposed to full-time positions.

Adler shared a similar sentiment:

“As we're approaching the end of the year, teams are doing a final hiring push and following through on their hiring plans and roadmap.”

Magazine: How to protect your crypto in a volatile market — Bitcoin OGs and experts weigh in

Crypto Fear & Greed Index Jumps Back into Greed Territory

Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

A widely followed crypto analyst is issuing a warning that most altcoins are in the midst of severe downtrends that will ultimately keep them below their all-time highs forever. In a new video update, crypto trader Benjamin Cowen tells his 787,000 YouTube subscribers that most altcoins currently find themselves in “serious declines” that are being […]

The post Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’ appeared first on The Daily Hodl.

Crypto Fear & Greed Index Jumps Back into Greed Territory

Many Altcoins Won’t Recover After Massive Collapse, Says Crypto Analyst Benjamin Cowen – Here’s His Forecast

Many Altcoins Won’t Recover After Massive Collapse, Says Crypto Analyst Benjamin Cowen – Here’s His Forecast

Widely followed crypto analyst Benjamin Cowen says that a lot of altcoins are being primed for another collapse some time this year without a recovery. In a new video update, Cowen tells his 787,000 YouTube subscribers that an “altcoin reckoning” is on the horizon – one that many crypto assets won’t ever come back from. […]

The post Many Altcoins Won’t Recover After Massive Collapse, Says Crypto Analyst Benjamin Cowen – Here’s His Forecast appeared first on The Daily Hodl.

Crypto Fear & Greed Index Jumps Back into Greed Territory