Key Bitcoin price metrics say BTC bottomed, but traders still fear a drop to $10K

The crypto market is currently going through a period of heightened volatility as global economic conditions continue to worsen amid a backdrop of rising inflation and interest rates.  As the headwinds impacting global financial markets beat down all traces of bullish sentiment, many crypto investors are predicting that Bitcoin (BTC) price could drop to as low as $10,000 before a market bottom is found. BTC/USDT 1-day chart. Source: TradingView While many traders scoffed at the idea of BTC falling below its 2017 all-time high, the recent dip to $17,600 suggests…

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‘Foolish’ to deny Bitcoin price can go under $10K — Analysis

Bitcoin (BTC) preserved $20,000 for another day on June 23 with calls for another 20% drop still surfacing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin under $10,000 not impossible Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging just above the $20,000 mark over the 24 hours to the time of writing. As ever, the behavior reflected moves in United States equities markets, which stayed flat on the day. Remarks by Federal Reserve chair Jerome Powell had provided only brief volatility. Cointelegraph noted that Powell’s Congress testimony provided no…

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Ethereum to $10K? Classic bullish reversal pattern hints at potential ETH price rally

Ethereum’s native token Ether (ETH) could reach above $10,000 in the coming weeks as it paints what appears to be an “ascending triangle” technical pattern. Ethereum price technicals: bullish signs Ascending triangles are bullish continuation setups that appear during an uptrend. Analysts confirm their presence after the price rises upward inside a rising right-angle triangle structure, thus forming a sequence of lower highs on the lower trendline with resistance in place at the upper one. As the pattern develops, volumes typically drop. So far, Ether has been forming a similar upside…

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Northwest Arkansas offering $10K in Bitcoin to attract remote workers

The Northwest Arkansas Council, consisting of business leaders aimed at promoting development in the region, has announced a crypto incentive program to bring in tech professionals and entrepreneurs willing to work remotely. In a Wednesday announcement, council president and CEO Nelson Peacock said the area would be looking to expand its range of talent in the tech industry by offering $10,000 in Bitcoin (BTC) — roughly 0.23 BTC at the current price of $43,610 — in addition to a bicycle or membership to arts and cultural facilities. The “Bitcoin and…

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Bitcoin sees ‘non-stop’ end-of-year buying as 10K BTC leaves Coinbase in a single day

Almost 10,000 Bitcoin (BTC) left major United States-based exchange Coinbase on Dec. 30 in a sign that investor appetite is returning to the sphere.  Data from on-chain monitoring resource Coinglass shows Coinbase’s professional trading arm, Coinbase Pro, shedding 9,925 BTC in the 24 hours to New Year’s Eve. Binance adds 66,000 BTC in December The buy-in, which runs in contrast to rising or flat balances on other major exchanges, marks a conspicuous short-term trend shift. The latter half of December has been characterized by platforms such as Binance and OKEx…

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Ethereum bulls retain hopes of $10K despite ETH price chart bear flag

Ethereum’s native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000. ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so, it slipped through upward sloping support that constituted an Ascending Channel that — more or less — appears like a Bear Flag, a bearish continuation setup. ETH/USD daily price chart featuring Bear Flag setup. Source: TradingView Conservative traders typically spot Bear Flags when an instrument consolidates higher inside a…

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Buy the rumor, sell the news? $10K Ethereum options are 88% down from their peak price

This year’s 500% accumulated gain took Ether’s (ETH) price to a $4,380 all-time high on May 12, and this rally was even more robust than the late-2017 move. The famous bull market, or bubble, depending on how you see it, took Ether’s price on a 390% rally from $290 in November 2017 to $1,420 in mid-January 2018.  Maybe this year’s mega rally was a DeFi and NFT bubble that will take another two years to reclaim its peak, but it seems premature to make a prediction now. However, some analysts,…

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Bitcoin Could Fall To $10K, Louis Navellier

Louis Navellier was on CNBC to talk about the current chart movements in Bitcoin. Talking about the price movements, Navellier said he believed that the price could very well fall below $10k. According to Louis Navellier, the pandemic is taking us back to where we were before it all started. Pointing out that the price was under $10k a year ago. Bitcoin has seen tremendous growth in price over the past year. With the asset surpassing most predictions for it in the year 2021. These price movements have motivated others…

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The Chart Pattern That Takes Ethereum To $10K

In a flash, Ethereum is back to trading under $3,000 after just weeks ago reaching a high well over $4,000. The wider crypto market correction got the best of ETH and the rest of altcoins especially, and even managed to take down Bitcoin. However, if past market cycles are any indication of future results, the crash could be the first touch of an ascending trendline that sends the top-ranked altcoin to around $10,000 per ETH. How DeFi and NFTs Make For A Very Different Bull Run Than ICOs During the…

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Bitcoin Nosedives $10K, Here’s Why Recovery Could Face Hurdles

Bitcoin price declined over $10,000 against the US Dollar after Elion Musk’s tweet. BTC is now correcting losses, but the previous support near $52,000 could act as a hurdle. Bitcoin started a major decline from well above $55,000 and it even traded close to $45,000 The price is now trading well below $55,000 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $57,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is correcting losses,…

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