Tag: Bitcoin Correction

Investment Manager Guggenheim Warns of ‘Major Correction’ in Bitcoin

Guggenheim CIO Scott Minerd has warned of a “major correction” in bitcoin in the near term. Claiming that bitcoin is “very frothy,” he is forecasting a 50% decline in the price of the cryptocurrency. Scott Minerd’s Latest Warning About Bitcoin The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, is back with another bearish […]

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Bitcoin Faces Do Or Die Situation, Will Miners Save the Day for BTC?

Bitcoin price on Sunday fell by nearly 10% reaching sub $54K levels and later recovered up to $57K on Monday before facing another wave of corrections leading to $54K levels again. While many analysts have pointed towards the recent sharp drop in network hashrate due to a power outage in China being the reason for […]

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On-Chain Analysis: Analysts Predict BTC Won’t Revisit $46.8K Amid Correction Concerns

Bitcoin price registered a minor correction yesterday falling from above $59K to $57K levels which also led to liquidations of millions worth of long positions. The price momentum of BTC in the march has been considerably lower than in previous months and there was no significant volume spike either, prompting many to call Bitcoin top […]

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Breaking: Goldman Sachs All Set to Offer Bitcoin and Other Cryptos to its Wealth Management Clients

Goldman Sachs, the leading investment banking giant is all set to offer investment vehicles to Bitcoin and other cryptocurrencies to its wealth management client by the second quarter of 2020, reported CNBC. BREAKING: Goldman Sachs is planning to offer Bitcoin services to their high-net worth clients in Q2. Eventually they will have to offer bitcoin […]

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Popular Analyst Peter Brandt Predicts Bitcoin (BTC) Correction With Goldman Sachs Entry

On Monday, March 1, Wall Street banking giant Goldman Sachs announced that it will soon be starting a crypto trading desk owing to the rising institutional interest in the crypto space. Besides, looking at the rapid growth in the BTC price, the banking giant is also planning to offer its own Bitcoin futures. However, popular […]

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Key Bitcoin Bull Indicator Turns Positive Again, Right Time to Long Bitcoin ?

Coinbase Premium which was negative for the past couple of days has finally turned positive and moved above 50 after almost a week suggesting Coinbase bitcoin whales have started buying the top cryptocurrency in hoards again leading to a price gap of nearly $66 between Coinbase and Binance. Coinbase Premium, the price difference between the […]

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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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