Category: Bitcoin Correction

Analyst Believes Institutions Won’t Allow Bitcoin (BTC) Price to Fall Below $28,000

Bitcoin (BTC) currently seems to be under selling pressure tanking another 4% earlier today. At press time, Bitcoin is trading at $34,812 with a market cap of $644 billion. However, in the last 48-hours, BTC has approached close to $30,000 levels twice before bouncing back. Just as Bitcoin (BTC) continues to face selling pressure from […]

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On-Chain Metrics Suggest Bitcoin Price Heading for Second Dump

Bitcoin price correction of over $10,000 on Monday led to high volatility in its price as traders both institutional and retail were seen selling aggressively. This also led to record trading volumes across several crypto exchanges in both the spot and futures market. While the market pullback did not really deter long time hodlers and […]

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Bitcoin (BTC) Tanks Over 10% Below $36,000 Amid Huge Miner Selling Pressure

Finally, after an unprecedented rally during the first complete week of 2021, the BTC price has entered correction tanking more than 10% and slipping below $36,000 levels. At press time, Bitcoin (BTC) is down 11.58% trading at $35,734. The recent Bitcoin (BTC) price correction comes after two days of price consolidation around $40,500 levels and […]

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JPMorgan Warns of Bitcoin Correction, Describing BTC as Overbought

JPMorgan Warns of Bitcoin Correction, Describing BTC as Overbought

JPMorgan’s analysts have warned about the odds of a bitcoin correction which would increase if the flows into Grayscale’s bitcoin trust slow significantly. The analysts indicated that bitcoin is “overbought.” JPMorgan Reveals Bitcoin’s Outlook The analysts at JPMorgan Chase & Co. gave their bitcoin prediction in a note on Friday. They explained that flows into […]

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Bitcoin (BTC) RSI Levels Close to 90, Trader Expects 25-30% Sell-off In Early 2021

On Thursday, December 17, Bitcoin (BTC) made a record rally hitting its new all-time high above $23,500 levels. However, this was soon followed by a whale rush at the exchanges who were set in profit booking. Bitcoin (BTC) is still trading around $23,000 but the technical chart is hinting caution before any fresh buying. Speaking […]

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