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Tag Archives: Bitcoin Bear Market

Bitcoin Death Cross 2021 Is Here: The Reasons Why You Shouldn’t Be Worried

The Q4 2019 and Q1 2020 crashes were both preceded by a death cross and signified that the tides in the market are about to shift in a big way. Why Does a Death Cross Work? The death cross indicator has been reliable in both the stock and crypto markets – it predicted 4 major crypto crashes, as well as the 1974 and 2008 stock market collapses. When a bull market ends, short-term momentum (indicated by the 50-day moving average line, or 50MA) starts to slow down. The Death...

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4 Signals That the Bitcoin Crash Might Soon Reach a Local Bottom

A bullish case isn’t on many people’s minds – but signs are cropping up that Bitcoin may indeed be headed for a trend reversal. Here are some signs explaining why BTC might be overdue for a renewed uptick. Bitcoin reached its all-time high of almost $65K on April 14, 2021, a little over a month ago. However, over the past 10 days the price violently broke down from the $50K mark and even reached $30K last Wednesday. Bearish sentiment affected the whole crypto market, as...

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Bitcoin, Stocks Crash After Janet Yellen’s Statements of a Possible Rise in US Interest Rates

A brief panic episode following a statement by Janet Yellen caused the markets to close the day with red candles all over the place. In a videoconference with The Atlantic, Janet Yellen, the U.S. Treasury Secretary, signaled that Joe Biden’s administration may be aiming to raise interest rates as a way to save the economy after the imbalance caused by measures to combat the Coronavirus pandemic. A *Not So* Good Idea When asked about what actions would be on the table to...

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After Two Red Weeks, Bitcoin Is Nearly As Oversold As In March 2020

Bitcoin closed the week with the second-largest red candle in its entire history, testing lows near the $47k price zone following an ATH of $64K recorded in the previous week. Overall, this was a tough week for markets across the board. From stocks to cryptocurrencies, traders experienced an episode of collective panic marked by the rumor that Joe Biden would be preparing a bill to increase capital gains taxes by almost 100% for all those generating more than $1 million in...

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Markets Dump Hard After Rumors of More Taxes on Capital Gains in the US

Today was a difficult day for the markets in general, with most assets and investments registering red numbers amid a general panic episode. The primary reason seems to be the rumor that U.S. President Joe Biden —who seems interested in thigtening the crypto regulations in the US— may be ready to submit a proposal to the Congress to increase the capital gains taxes. Rumor has it that the rate would nearly double what investors currently have to pay. The story – which first...

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Bitcoin is Almost Uninvestable, Says Barclays Private Bank Executive

Bitcoin made history these past few months. It broke its historical record, flirted with a 10x ROI in one year, its realized price also reached ATH, and it became the best performing asset of the decade.But is it a good investment overall? It all depends on the crystal you look at it with. For example, Gerald Moser, chief market strategist at Barclays Private Bank, thinks it’s not.Don’t Invest in BitcoinFor Moser, the price fluctuations associated with Bitcoin and other cryptocurrencies are...

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Coronavirus Layoffs: BlockTV Televised News Shreds 80% Of Its Workforce

BlockTv, an Israeli-based blockchain and cryptocurrency video content media, has reduced its workforce by almost 80%. The company reportedly ended its contract with all but 5 of its employees as a result of the ongoing Coronavirus pandemic. BlockTv Layoff 18 EmployeesOwned by controversial Israeli businessman Moshe Hogeg, BlockTv has been providing crypto-related video content since it was founded in 2018. The company was seemingly performing well with 23 staffers until the recent Covid-19...

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Despite The Bullish Week, Bitcoin Is Facing a Death Cross: Bear Market Officially Starting?

As Bitcoin continues to struggle to maintain the $6,000 price area, the formation of another technical pattern is raising some concerns. The cryptocurrency charted a Death Cross, which is something that should be taken into consideration, of course, as long as you follow technical analysis.The Third Death Cross Since 2018 IncomingFirst things first, it’s important to note that a Death Cross is a commonly referenced technical analysis setup. It occurs when the 50-day moving average line...

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70% Belive Bitcoin Will Bottom Below $3,700, Survey Says

Bitcoin is yet to reach its yearly bottom, at least according to a recent Twitter poll. Despite surging with 80% since the March 13th low of $3,700, the majority still anticipate new price declines in BTC’s future.Pessimism Across The CommunityMarch 2020 has been quite volatile for Bitcoin and the whole cryptocurrency market. The primary digital asset had a monthly high of $9,200 before the coronavirus effect took its toll on all markets. In just a week, BTC plunged to $3,700 on various...

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General Crypto Sentiment Indicates Extreme Fear Following Bitcoin’s Crash: History Proves This Might Be An Opportunity

The cryptocurrency market plunge started during the weekend and continues as of writing these lines. Bitcoin dumped with over 15%. Naturally, the general sentiment among the crypto community has changed. Some speculate that the 2020 bullish trend is now over and that investors should prepare for even worse consequences.Market Sentiment Follows The PriceIt’s safe to say that the cryptocurrency market has seen better times. In a matter of three days, the total market capitalization went from...

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