Key Bitcoin chart 'will confirm bottom is in' by July 15, says trader

It's all about two moving averages crossing over as proof that BTC price action is done with the dip. Bitcoin (BTC) is due to give a definitive signal that a macro bottom is in this month, one analyst has concluded.In a Twitter thread on July 6, popular commentator Wolf eyed key moving average data as proof that BTC price action will not be going lower.Key chart crossover eyed as end to bear market lossesAmid repeated calls for BTC/USD to revisit levels not seen since Q4 2020, one simple historical trend is now saying that the pair has already seen its latest macro lows.Analyzing the 3-day chart, Wolf argued that the 100-day moving average (MA) crossing the 200MA will act as a price floor signal — just like in previous bear markets.“Negative 3d MA100 will cross positive 3d MA200 by half July, that would confirm that bottom is in,” he wrote.Specifically, the crossover of the two MAs is due on or by July 15 — in just a week’s time — after which future trajectory should be confirmed.

ARK Invest 'neutral to positive' on Bitcoin price as analysts await capitulation

ARK argues that bearish continuation has limited room left to run, as on-chain indicators bottom out. Bitcoin (BTC) has a “neutral to positive” outlook despite staying below $20,000, according to ARK Investment Management.In its latest "Bitcoin Monthly" report, the American asset management giant flagged signs that BTC price action is close to bottoming.Wood: "We're waiting for more capitulation signals"One of Bitcoin’s most vocal supporters, ARK and CEO, Cathie Wood, have stuck with BTC exposure as the market continues to fall from all-time highs.The latest Bitcoin Monthly release confirms that conviction, with Wood, analysts and research associate David Puell suggesting that little ground remains to be covered before BTC/USD reverses.“Down 70% from its all-time high, bitcoin is trading at or below some of its most important levels: its 200-week moving average, the general cost basis of the market (realized price), the cost bases of long-term (LTH) and short-term holders (STH), and its 2017 peak,” the report reads.

Bitcoin (BTC) Approaching ‘Peak Opportunity’ Zone, According to Top Crypto Trader

A popular crypto trader says that Bitcoin is approaching a price zone that could offer a highly favorable risk-reward ratio for long-term BTC investors.  Pseudonymous crypto strategist Rekt Capital tells his 320,900 Twitter followers that this cycle might be different for BTC as the king crypto continues to trade below the 200-week moving average (MA), […] The post Bitcoin (BTC) Approaching ‘Peak Opportunity’ Zone, According to Top Crypto Trader appeared first on The Daily Hodl.

Bitcoin price limps under $20K as Asia extends global stocks weakness

No let-up in risk assets means Bitcoin faces more selling pressure, but hope remains that a key moving average could soon see a challenge. Bitcoin (BTC) returned under $20,000 on June 29 as analysts stayed hopeful of a trip higher.BTC/USD 1-hour candle chart (Bitstamp).

The 200MA Reveals: Bitcoin Was in This Undervalued Territory Only 3% of Its Existence

Bitcoin's price is trading below the 200-day moving average.

2022 bear market has been the worst on record — Glassnode

Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history. Several factors have contributed to making the current crypto bear market the worst ever recorded as most Bitcoin traders are underwater and continue to sell at a loss, according to Glassnode.Blockchain analysis firm Glassnode’s June 24 report titled A Bear of Historic Proportions outlines how Bitcoin’s current dip below the 200-day moving average (MA), negative deviation from realized price, and net realized losses have conspired to make 2022 the worst in Bitcoin’s history.“In the midst of this, Bitcoin and Ethereum have both traded below their previous cycle ATHs which is a first in history.

Bitcoin gives ‘encouraging signs’ — Watch these BTC price levels next

The 200-week moving average is back on the menu for BTC/USD, but altcoins are shining as the week ends. Bitcoin (BTC) headed toward the upper end of its trading range on June 24 as optimism crept back into traders’ forecasts.BTC/USD 1-hour candle chart (Bitstamp).

Bitcoin (BTC) Approaching Level That Historically Acts As Cycle Bottom, Says Top Analyst

A popular crypto analyst says Bitcoin (BTC) may need to move further below an important moving average (MA) before hitting its cycle bottom.

Is Bitcoin Gearing Up for Consolidation Before Triggering a New Bullish Cycle?

With Bitcoin (BTC) hovering around the 200-week moving average (MA), some analysts believe that the top cryptocurrency might be laying grounds for a ranging market that would, later on, prompt a bullish cycle.

Bitcoin trading: Momentum strategies with different moving averages

The 20-Day moving average strategy provided good returns in 2018 and 2019, while the 50-Day MA strategy did better in 2021 and 2022. One of the simplest strategies for trading cryptocurrencies involves the application of moving averages (MA).

Ethereum crashed by 94% in 2018 — Will history repeat with ETH price bottoming at $375?

ETH's latest plunge could bring more pain despite expectations that $1,200 should hold. Ethereum's native token Ether (ETH) is showing signs of bottoming out as ETH price bounced off a key support zone. Notably, ETH price is now holding above the key support level of the 200-week simple moving average (SMA) near $1,196. The 200-week SMA support seems purely psychological, partly due to its ability to serve as bottom levels in the previous Bitcoin bear markets.

'Too early' to say Bitcoin price has reclaimed key bear market support — analysis

BTC price action is back above the 200-week moving average, but the Fed may still sour the mood. Bitcoin (BTC) crept higher after the June 14 Wall Street open as analysts hoped that long-term support  had been preserved.BTC/USD 1-hour candle chart (Bitstamp).

Here’s What Historically Happens to Bitcoin After Reaching Its ‘Death Cross,’ According to Top Crypto Analyst

A popular crypto analyst is revealing what history says will happen to leading digital asset Bitcoin (BTC) after it once again reaches its “death cross.” In a new video update, pseudonymous analyst Rekt Capital tells his 44,000 YouTube subscribers BTC has recently hit its death cross once again, meaning its short-term moving average has dipped […] The post Here’s What Historically Happens to Bitcoin After Reaching Its ‘Death Cross,’ According to Top Crypto Analyst appeared first on The Daily Hodl.

Altcoins in Danger of Getting Wrecked As Bitcoin Forms Bottom, According to Top Crypto Analyst

A popular crypto strategist is highlighting one key metric to determine whether or not Bitcoin (BTC) will outshine altcoins in the coming months.