Tag Archives: Bitcoin (BTC) Price

Choppy price action and indecisiveness – this is how we can summarize the past couple of days on the cryptocurrency market. In our last BTC price analysis, we examined if whether or not $69K was the cycle’s top following the vicious corrections, and now, we take a closer look into how the market is developing from a technical and on-chain perspective. Options Market Analysis This Friday, December 10, about $946 million worth of bitcoin options contracts will expire in...

Options Market Analysis 25 Delta Skew and Volatility Analysis On December 4th, the bitcoin price dropped about $16k. Options traders have set different hedging strategies like buying lots of puts at $50k & $52k strike prices during the last weeks for the possible downside. To find out what happened in the options market, It’s better to look at 25 delta Skew. This is a way of measuring the volatility skew. For example, for one month, it can be computed using the following...

On December 4, bitcoin suffered its worst trading day since mid-May, as its price plunged to a two-month low of $42,000. Somewhat expectedly, this massive $16,000 crash in less than 24 hours led to a change in investors’ sentiment as the popular Bitcoin Fear & Greed Index went into “extreme fear” territory once again. Extreme Fear Shakes The Crypto Community The Bitcoin Fear & Greed Index works as an indicator of momentary investor sentiments towards the primary...

Bitcoin’s slump continues after experiencing a sharp price decline over the last few hours. The dip caused over $200 million worth of long positions to get liquidated. Earlier today, Bitcoin briefly reached $57.5k at 8:44am EST, after stagnantly trading within the $56-57k range. The price suddenly fell afterward, dropping hundreds of dollars by the hour. According to BitStamp, Bitcoin fell to $51.5k. Binance Futures even saw the price drop below $51k. Since then, the price...

Bitcoin’s price action continues to be shaky in the short term, but that might largely be attributed to headwinds caused by the newfound COVID variant. Despite the recent bearishness, the on-chain metrics and the mid-to-long-term technicals continue to favor extended bull market and show no real signs of worry. This analysis was compiled by analysts GrizzlyBTClover and CryptoVizArt to CryptoPotato. Mid-Term Technical Analysis Bitcoin is moving up inside the uptrend channel on...

The past seven were somewhat successful for Bitcoin, and the total market capitalization managed to increase by some $150 million. Some altcoins are really taking off, while others are seemingly in a stalemate situation. But let’s start with Bitcoin. The market leader failed to produce any meaningful gains but is up slightly above 2% in the past seven days. This came after an excellent weekly close on Sunday. Unfortunately, bulls didn’t capitalize on the opportunity and...

Bitcoin’s closing price for November below $60,000 meant that PlanB’s floor model, which was particularly accurate until now, was finally broken. At the same time, though, the analyst confirmed that the more popular stock-to-flow model was still valid as BTC is on track towards $100,000. PlanB’s Floor Model Fails PlanB is among the most popular analysts in the cryptocurrency space, predominantly known for the Bitcoin stock-to-flow model, which he published in early 2019....

Bitcoin’s price over the last few days has been particularly volatile. Just yesterday, BTC surged towards $59K but failed to breach this important resistance level. Subsequently, it dropped towards the significant $56K mark, but bulls were quick to defend it and are pushing towards $59K once again. The Technicals Bitcoin is quickly approaching the key resistance at $59-60K, as of writing this update. A break above it can lead to a renewed rally back to the $60K territory....

Jerome Powell – Chairman of the Federal Reserve – has now confessed that rising US inflation numbers are not “transitory”. As such, he is considering speeding up the taper on the Fed’s bond purchase program to bring inflation under control. As the news dropped, Bitcoin’s price almost immediately fell by $2000. Inflation Not “Transitory,” Says Powell The chairman voiced his new plans while testifying in front of the Senate earlier today. He said that the US economy is...

After a wild week of volatile price swings, BTC managed to hold the key support at $57.1K, closing the weekly candle at $57.3K. Bulls pushed the price higher, heading into the weekly close, and manage to liquidate a lot of short positions. For the near term, it’s still too early to confirm a bottom as we have to see how stocks trade this week. Chart by TradingViewThe Technicals Long-term technicals remain bullish as BTC continues to make higher highs and higher lows. For the...