A widely followed crypto analyst says that one key on-chain indicator is pointing toward a cyclical bottom for Bitcoin (BTC). In a new video update, crypto analyst Benjamin Cowen tells his 774,000 YouTube subscribers that Bitcoin’s percentage of supply in profit and loss metric is flashing signs of a historical bottom for the top crypto […]
The post On-Chain Indicator Flashing Cyclical Bottoming Signal for Bitcoin (BTC), Says Crypto Analyst Benjamin Cowen appeared first on The Daily Hodl.
From waiting for Bitcoin prices to go lower to hoping that the fun goes on, community members shared their thoughts on crypto prices.
Buying the dip instantly becomes a nightmare when crypto prices go down even further as the bear market continues its onset. However, recent dips show that current prices may potentially be a good entry point for traders. To find out what the community thinks, Cointelegraph asked Twitter to answer the question — is the bottom in?
Could you please stop jinxing my shorts?
— Stoic Trader (@stoic_traders) September 22, 2022
From bracing for further impact and waiting for Bitcoin (BTC) prices to go lower to hoping the fun that comes with a bull market goes on, crypto community members shared their thoughts on the crypto prices’ bottom.
Some Twitter users are convinced that it's not yet the bottom. One community member replied to the thread, saying that people should be ready for Bitcoin to go even lower. "This winter will be hard," they wrote. Despite being of the same sentiment that it's not yet the bottom, another Twitter user shows a more positive vibe saying that they just cashed some winners and are waiting for what’s next.
Meanwhile, a community member who wrote “shitcoin maximalist” on their Twitter bio replied to the thread in a jolly manner but was seemingly tired of the crypto crashes. They tweeted:
it's been the bottom for 550 crashes now, but it might not be the bottom woohoo
— MegaFish (@MegaFishest) September 22, 2022
Apart from these, another community member also responded with hopes that the recent price dips are already at the bottom. According to the community member, unless the BTC price leaves the $25,000 mark, traders will not know if current prices are truly the bottom. However, the trader hopes that this is it so that "the fun can resume."
Related: Reddit NFT avatars selling for a premium on OpenSea
In September, analysts discussed the Bitcoin bottom topic and gave their thoughts in a Twitter space hosted by Cointelegraph. In the talk, Blockware Solutions analyst Joe Burnett said that there are many factors that put pressure on Bitcoin, including government attempts to combat inflation.
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Macro analyst Lyn Alden says that Bitcoin (BTC) could rally higher over the coming months if certain conditions are fulfilled. Asked in a Coin Stories interview whether Bitcoin could revisit its all-time high this year, Alden says that the price of king crypto could surge if the Federal Reserve reverses its current hawkish monetary policy […]
The post Bitcoin May Witness Massive Rally This Year, According to Macro Expert Lyn Alden – Here’s What Needs To Happen appeared first on The Daily Hodl.
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has explained why he is still bullish about bitcoin. He’s waiting for the cryptocurrency to test a new bottom before getting in, which he indicated could be as low as $9K. Kiyosaki Believes the Price of Bitcoin Could Fall to $9K The […]
A widely followed crypto strategist is looking at one crucial metric with a history of accurately calling Bitcoin (BTC) bottoms. Pseudonymous trader Rekt Capital tells his 303,000 Twitter followers that BTC’s Relative Strength Index (RSI) is reaching a level that historically signals a bounce could be on the horizon for the top crypto asset by […]
The post Top Crypto Analyst Says Historically Accurate Metric Signals Bitcoin (BTC) Bottom Could Be Near appeared first on The Daily Hodl.
Veteran investor Mark Mobius, the founder of Mobius Capital, has cautioned cryptocurrency traders against using the “buy the dip strategy.” He expects the price of bitcoin to plunge further with some temporary relief happening at $20K. Mark Mobius’ Warning and His Bitcoin Price Prediction The founder of Mobius Capital Partners, Mark Mobius, warned crypto traders […]
After six consecutive weeks in the red, a popular crypto strategist says that the end of Bitcoin’s (BTC) correction is finally on the horizon. Pseudonymous crypto analyst Kaleo tells his 486,100 Twitter followers that he doesn’t believe Bitcoin’s downtrend will end at $30,000. “So what happens next? They’re going to get you used to $30,000 […]
The post Crypto Analyst Says Bitcoin (BTC) Bottom in Sight After Six Weeks in Red – Here’s His Target Price and Date appeared first on The Daily Hodl.
Popular crypto strategist Michaël van de Poppe says that Bitcoin (BTC) is due for a heavier bounce even amid the bearish sentiment surrounding the digital asset markets. In a new strategy session, Van de Poppe tells his 164,000 YouTube subscribers that he believes the Bitcoin bottom is not yet in despite BTC’s bounce from the […]
The post Bounce Incoming for Bitcoin (BTC), According to Crypto Analyst Michaël van de Poppe – Here’s His Target appeared first on The Daily Hodl.
Crypto research firm Glassnode is looking at fresh Bitcoin (BTC) data to see if the recent sell-off indicates that BTC is just in a slump or entering bear market territory. In its latest weekly newsletter, Glassnode says that due to the wild price swings commonly seen in the crypto markets, a deeper analysis of the […]
The post Short-Term Bitcoin Holders Taking the Brunt of BTC Capitulation: Analytics Firm Glassnode appeared first on The Daily Hodl.
