• About
  • Contact Us
Tuesday, June 28, 2022
Cryptos Newz
No Result
View All Result
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
No Result
View All Result
Cryptos Newz
No Result
View All Result
Home Cryptocurrency News

3 Reasons Why Bitcoin’s Downtrend Is Extremely Weak Right Now

Crptoz by Crptoz
June 10, 2022
in Cryptocurrency News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Bitcoin Bearish Signal: Coinbase Receives Large Inflows | Bitcoinist.com

Bitcoin “Reserve Risk” Metric Approaches All-Time Lows


article image
Armaan Shirinyan

While bears dominated the market in April and May, we can see a different picture in June

Bitcoin’s nine-week loss streak was something the cryptocurrency market had not seen before, but at the same time, Bitcoin’s 50% loss is not something we should be afraid of after a 90% correction in 2018. Furthermore, we could expect a complete reversal in the coming months as the bearish trend has already lost a large part of its strength.

descending instability

Volatility is one of the best ways to determine the strength of a trend and the ability of bulls or bears to maintain it. In our case, the volatility of bitcoin has decreased drastically in June compared to May or April.

bitcoin chart
Source: TradingView

Decreasing volatility and volume could be signs of an upcoming reversal.

presence of powerful support

Between November and April, bitcoin had no support to rely on, while being largely pushed down by bears. While traders expected a bounce back from the 50-week moving average, BTC’s buying volume was nowhere near it.

advertisement

For now, we can see the opposite situation with the 200-week moving average, which has not been broken in bitcoin’s modern trading history.

Indicators are pointing to the reversal

Bollinger Bands, Relative Strength Index and other tools used to determine reversal points are showing reversal signals. The RSI has already reversed upwards, and bitcoin has touched the lower boundary of the BB channel.

Both indicators suggest that Bitcoin is oversold. If we combine the decreasing volatility and volume, we can determine that the bears no longer have the same selling pressure on the cryptocurrency, and a slight support from the bulls should push bitcoin above $40,000 and spark a reversal rally. Should give.


Related Posts

Cryptocurrency News

Bitcoin Bearish Signal: Coinbase Receives Large Inflows | Bitcoinist.com

June 28, 2022
Cryptocurrency News

Bitcoin “Reserve Risk” Metric Approaches All-Time Lows

June 28, 2022
Cryptocurrency News

Roger Ver Allegedly Defaults on CoinFLEX for $47 Million

June 28, 2022
Cryptocurrency News

Two Virginia Men Arrested for Planning Bitcoin Robbery in NYC Home Two Virginia Men Arrested for Planning BTC robbery in NYC Home 2 Years Ago

June 28, 2022
Cryptocurrency News

Roger Ver Owes CoinFLEX $47 Million: CEO

June 28, 2022
Cryptocurrency News

MakerDAO May Invest in Bonds

June 28, 2022
Next Post

Bitcoin Fights for $30K: Tezos at Monthly High on USDT News (Market Watch)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Man Who Broke into Terra Founder’s House Was Crypto Investor Who Lost 3 Billion Won

May 16, 2022

When SHIB? Robinhood CBO States They Seek Compliant Ways to Increase Crypto Offering

February 9, 2022

Dock Launches Ambassador Program – Press release Bitcoin News

January 17, 2022

Why You Should Stack Sats To Celebrate Father’s Day

June 19, 2022

Ted Cruz: Texas Should Be “Ground Zero” for Crypto Industry

March 3, 2022

EDITOR'S PICK

Solana price ‘bear flag’ paints $50 target as Wormhole hack exposes security hole

February 3, 2022

ECB: Crypto will pose financial stability risks

May 24, 2022

Emirates Development Bank Rolling out Digital Platform to Ease SME Lending – BeInCrypto

May 2, 2022

GMT‘s value doubled in 24 hours: here’s where to buy GMT

March 30, 2022

About

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow us

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Cryptocurrency News
  • Ethereum News
  • How To Buy Crypto
  • News
  • Uncategorized

Recent Posts

  • CoinFLEX Says ‘Bitcoin Jesus’ Roger Ver Is Behind Its Withdrawal Troubles, $47M Debt – Decrypt
  • Bitcoin Bearish Signal: Coinbase Receives Large Inflows | Bitcoinist.com
  • Bitcoin “Reserve Risk” Metric Approaches All-Time Lows
  • Roger Ver Allegedly Defaults on CoinFLEX for $47 Million
  • Home
  • News
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.