Bitcoin correction ‘almost done’ as realized losses rise above weekly average

December 20, 2024 Coin Telegraph

Bitcoin traders’ realized losses have likely peaked, possibly marking the bottom of the current BTC price sell-off.

Bitcoin’s (BTC) daily chart has produced three consecutive red candles for the first time since the first week of November, which coincidentally was the lead-up period to Donald Trump’s US election victory.

Another similarity between the last time three or more red candles were observed on the daily chart was that Bitcoin retested the 50-day EMA level.

Bitcoin 1-day chart. Source: Cointelegraph/TradingView

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Bitcoin price drops to $100.3K after Fed rate cut and Powell’s revised 2025 inflation outlook

December 19, 2024 Coin Telegraph

Bitcoin price drops to 0.3K after Fed rate cut and Powell’s revised 2025 inflation outlook

altcoin sell off

Bitcoin price sold off, and the wider crypto market corrected following the Federal Reserve's hawkish 2025 outlook on inflation.

Bitcoin and the wider crypto market sold off as the Fed announced a 25 basis point rate cut to its benchmark policy rate and signaled that fewer rate cuts than initially planned could take place in 2025.

Following Fed chair Jerome Powell’s post-rate cut presser, Bitcoin (BTC) price dropped 4.6% to $101,300, while Ether (ETH) fell 5.96% to $3,600.

Although market participants had anticipated a 0.25% rate cut, which ticks a box for most traders with bullish price expectations, Powell’s indication that only two more rate cuts would occur in 2025 raised eyebrows. Adding to what some traders view as a hawkish outlook, the Fed committee also raised their 2025 inflation outlook from 2.1% to 2.5%.

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JPMorgan Sees ‘Buy the Dip’ Opportunity After Market Selloff

August 7, 2024 Bitcoin.com

Analysts

Monday marked a severe downturn in financial markets, with sharp selloffs in stocks, cryptocurrencies, and precious metals. However, JPMorgan analysts see a potential “buy the dip” opportunity as the rotation out of tech stocks might be nearing its end. John Schlegel, JPMorgan’s head of positioning intelligence, indicated that their Tactical Positioning Monitor might drop further, […]

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Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, as Bulls Enter the Market

May 13, 2023 Bitcoin.com

Analysis

Bitcoin bounced back from a near two-month low on Saturday, as bulls moved in to buy the recent dip in price. Saturday’s move came as the cryptocurrency rebounded from a recent support point, after yesterday’s breakout. Ethereum was also higher, climbing above $1,800. Bitcoin Bitcoin (BTC) moved away from a recent two-month low on Saturday, […]

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Binance CEO’s Warning About Wazirx Wallets, Nigerian EFCC on Naira Depreciation, O’Leary Buys the Dip — Bitcoin.com News Week in Review

August 14, 2022 Bitcoin.com

Binance

Another week has passed and developments in the Binance-Wazirx controversy continue, Nigeria’s Economic and Financial Crimes Commission (EFCC) claims it has identified individuals fueling the naira’s depreciation, Shark Tank star Kevin O’Leary says crypto “desperately needs policy,” and the government of Nepal is preparing to issue its own digital currency. The weekend is here, and […]

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Study: Nigeria Most Crypto-Obsessed English Speaking Country Globally

August 4, 2022 Bitcoin.com

bitcoin.com

A new study has ranked Nigeria as the country most curious about cryptocurrency post the April crypto market crash. The same study findings show Kenya as the second-highest ranked African country. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested in buying the dip and this highlights “their long-term […]

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Chipotle’s ‘Buy the Dip’ Game Plans to Reward Players With $200K in ETH, BTC, SOL, AVAX, and DOGE

July 25, 2022 Bitcoin.com

Chipotle’s ‘Buy the Dip’ Game Plans to Reward Players With 0K in ETH, BTC, SOL, AVAX, and DOGE

Avalanche

Chipotle Mexican Grill, often referred to as simply Chipotle, has announced a new cryptocurrency game that encourages fans to “Buy the Dip.” The game aims to give away over $200K in crypto rewards and coupons for specific foods priced at a penny. Chipotle Returns With Another Crypto-Infused Contest In April 2021, Bitcoin.com News reported on […]

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Veteran Investor Mark Mobius Expects Bitcoin to Fall Further — Cautions Crypto Traders Against Buying the Dip

May 14, 2022 Bitcoin.com

Bitcoin

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 […]

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El Salvador Buys the Dip Again and Purchases 500 Bitcoin (BTC) Amid Crypto Crash

May 13, 2022 The Daily Hodl

Bitcoin

El Salvador is continuing to buy the dip on Bitcoin (BTC) even as the crypto markets suffer a major crash. El Salvadoran President Nayib Bukele recently announced the Central American nation bought an additional 500 BTC at an average purchase price of about $30,744. “El Salvador just bought the dip! 500 coins at an average […]

The post El Salvador Buys the Dip Again and Purchases 500 Bitcoin (BTC) Amid Crypto Crash appeared first on The Daily Hodl.

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El Salvador Buys 500 Bitcoins Amid Crypto Bloodbath

May 10, 2022 Bitcoin.com

Bitcoin

El Salvador has bought the bitcoin dip. Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. Since El Salvador adopted the cryptocurrency as legal tender, the Salvadoran government has purchased 2,301 bitcoins altogether. El Salvador Buys the Bitcoin Dip Amid a crypto bloodbath, El Salvador has […]

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