AAVE traders have this in store for coming days after bearish pennant's...

Finding renewed selling pressure at the 38.2% Fibonacci resistance, AAVE continued its southbound journey on the daily chart.

Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floor

The MVRV-Z Score is a tried and tested bottom indicator, but it is not back at base yet, one analyst warns. Bitcoin (BTC) needs to go lower before putting in a macro bottom, one of the market’s most accurate indicators shows.Data from sources including on-chain analytics firm Glassnode shows Bitcoin’s MVRV-Z Score is almost — but not quite — signaling a price reversal.MVRV-Z Score inches towards macro bottomAmid ongoing debate whether if, or when, BTC/USD will go beyond its current macro lows of $17,600, new figures suggest that the market easily has further to fall.As noted by Filbfilb, co-founder of trading suite Decentrader, the MVRV-Z score is now in its classic green zone, but not yet at the point which has accompanied price bottoms in the past.MVRV-Z measures how high or low the Bitcoin spot price is relative to what is referred to as its “fair value.” It uses market cap and realized price data along with standard deviation to create what has turned out to be one of the most efficient Bitcoin top and bottom prediction tools.MVRV-Z has caught every macro top and bottom on BTC/USD in its history, and done so with an accuracy of two weeks, data resource LookIntoBitcoin notes.The metric has only gone below its green zone a handful of times, the last being in March 2020, but more downside pressure would deliver a repeat performance.“This chart is *the one* for me,” Filbfilb commented about the latest readings.

Top Crypto Trader Warns Bitcoin Bottom Still Not In, Says One Ethereum Rival Could Crash by Nearly 40%

Crypto trader Justin Bennett warns two digital assets face further downward pressure as markets take a beating.

Solana Price Analysis: SOL Crashes 10% Daily, Where’s the Support?

The market is in red, and Solana appears poised to return to a critical support level after losing 10% in the past 24 hours Key Support levels: $27 Key Resistance levels: $44 Today’s trading session saw a significant selling pressure which intensified as the day passed and pushed Solana closer to the key support at […]

Bitcoin price drops 3% to ten-day lows as Ethereum inches closer to $1K

More downside pressure across crypto amid challenging regulatory events in both the US and Europe. Bitcoin (BTC) lost 3% in an hour and Ether (ETH) drifted toward $1,000 on June 30 as pessimism took control of crypto markets.BTC/USD 1-hour candle chart (Bitstamp).

Bitcoin clings to $20K as analysts warn of a long, bumpy ride for the foreseeable future

BTC price briefly fell below $20,000 and traders warn that the all-important support level could eventually crumble after enduring an increasing number of retests. Bullish cryptocurrency traders hoping that the market was on a path higher received a dose of reality on June 29 as the price of Bitcoin (BTC) dipped below $20,000 again during intraday trading. Data from Cointelegraph Markets Pro and TradingView shows that the top cryptocurrency fell under pressure in the early trading hours on June 29 with bears managing to drop BTC to a daily low of $19,857 before price was bid back above the $20,000 mark.BTC/USDT 1-day chart.

Bitcoin Dips Below $20,000 as Crypto Market Pressure Intensifies

Amid yet another crypto market correction, the price of Bitcoin fell to a weekly low under $20,000 on Wednesday morning.

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).

CME Net Short Exposure Reaches ATH: Why Institutions Bearish on Ethereum

Ethereum has seen some selling pressure today and has rolled back on a portion of its gains.

Cardano's 'deep work' in spotlight, here's how you can trade smart

The general cryptocurrency market has continued to reel under increased selling pressure.

Tether CTO refutes stablecoin FUD as short-sellers circle

Paolo Ardoino alleged some hedge funds are trying to create pressure “in the billions” to “harm Tether liquidity” so that they can eventually buy back tokens at a much lower price. Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin has been the subject of a “coordinated attack” by hedge funds looking to short sell the dollar-pegged crypto asset. Speaking to his 151,600 Twitter followers on Monday, June 27, the Tether executive was responding to reports that hedge funds have been borrowing millions in loans to short USDT since the collapse of Terra (LUNA) in May.He alleged that hedge funds have been trying to create pressure “in the billions” to “harm Tether liquidity” with the aim of eventually buying back tokens at a much lower price.The CTO levied accusations that some hedge funds have believed and help spread “FUD” (fear, uncertainty, and doubt) about the stablecoin.

Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales

Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress.

Bitcoin Coinbase Premium Gap Approaches Zero, Selloff Ending?

On-chain data shows the Bitcoin coinbase premium gap has improved recently and is now approaching a neutral value, suggesting the selling pressure may be drying up.

Decoding the how and why of MATIC's unprecedented hike

The broader market is reeling under significant sell pressure.

Here's how Bitcoin miners are really dealing with market pressure

The first week of June saw the start of a sell-off phase in the cryptocurrency market, with most cryptocurrencies seeing a 4-year low.

Bancor pushes the pause button, but does that really work for BNT

The latest crypto-market sell-off managed to put a lot of pressure on DeFi platforms.

Bitcoin Price Analysis: BTC Recovers to $20K, Was Local Bottom Confirmed?

Bitcoin’s price is currently testing the 2017 all-time high range between $17K and $20K and is constantly shadowing lower prices, indicating excess pressure from sellers.

Finance Redefined: Three Arrow Capital and Celsius fall brings a tsunami of sell-off in DeFi

DeFi market saw a sharp decline in its TVL, falling over $25 billion from the last week due to sell-off pressure created by the bear market. This past week, the decentralized finance (DeFi) ecosystem faced the brunt of the bears fueled by liquidation rumors of Three Arrow Capital (3AC) and Celsius liquidations.

Tether: With UST gone and USDD struggling, is USDT next in line

With UST mixed into the dust and USDD struggling to keep up; could Tether be the next in line for the stablecoin massacre? The crypto market volatility has ramped up pressure on stablecoins recently aThe post Tether: With UST gone and USDD struggling, is USDT next in line appeared first on AMBCrypto.

Cardano [ADA] bulls set their eyes on these two short-term resistances

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin traded at $20.8k and bearish pressure did not appear tThe post Cardano [ADA] bulls set their eyes on these two short-term resistances appeared first on AMBCrypto.

Is The Bitcoin Halving The Key For A BTC Price Bottom?

Bitcoin is still holding above $20,000 despite a massive increase in selling pressure over the past few days.

Elon Musk, Tesla, SpaceX Sued for $258 Billion Dogecoin ‘Pyramid Scheme’

The billionaire is under legal pressure for his role in encouraging the public to buy Dogecoin, which is now down 92% from its all-time high. 

SOL price trending toward yearly low as Solana TVL drops $870M in three days

DeFi contagion fears and bearish technicals mean additional downside pressure on Solana price. Solana (SOL) tumbled on June 16 amid a broader retreat across the top cryptocurrencies, led by the Federal Reserve's 0.75% interest rate hike a day before.Solana price rebound fizzlesNotably, SOL/USD plunged nearly 17% to $30 a token, wiping almost all the gains from the day before.

Algorand: Here's how this divergence could play out for ALGO traders

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. As the buyers built pressure at the $0.41-resistance, the bearThe post Algorand: Here's how this divergence could play out for ALGO traders appeared first on AMBCrypto.

Can WAVES turn tide in favor of bulls after recent bearish pressure

WAVES just concluded its first two weeks of June on a downward trajectory that saw it push back to May lows.

Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation

BTC and altcoins generated nominal gains after the Federal Reserve raised the benchmark interest rate by 0.75%, the largest hike in 28 years. Global financial markets were squarely focused on the US Federal Reserve and its decision to raise interest rates by 75 basis points on June 15, the largest increase in 28 years as the central bank fights to tamp down the highest inflation rates in over four decades. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) and the wider cryptocurrency market fell under pressure in the early trading hours on June 15 as rumors of the possible collapse of Three Arrows Capital (3AC) spread across the ecosystem, which is still grappling with the ongoing Celsius debacle.

Cardano Price Analysis: Dead Cat Bounce or Recovery for ADA Following 9% Daily Surge?

Despite the massive selling pressure over the past few days, ADA has managed to hold firm at the $0.45 support level.

Ethereum Drops Below $950 On Uniswap Overnight – Here’s Why

Ethereum Key Takeaways: – ETH prices have plummeted below $1300 – Selling pressure intensifies, which triggers the decline.

Cardano Resists Downward Pressure, Can ADA’s Price Push Bears Away?

Cardano (ADA) has been following the general sentiment in the market.

Bitcoin passes $23.8K May low as crypto market cap drops under $1 trillion

The crypto sell-off is in full swing and Wall Street has not even opened yet. Bitcoin (BTC) faced continued selling pressure before the June 13 Wall Street open as Ether (ETH) revisited multi-year lows.BTC/USD 1-hour candle chart (Bitstamp).