BTC bounces back to reclaim support at $20,400 after hitting a daily low of $19,309 on July 5, as bulls battle bears for control of the market.
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ARK argues that bearish continuation has limited room left to run, as on-chain indicators bottom out.
Bitcoin and altcoins have held their immediate support levels, suggesting the start of a relief rally in the short term.
Bitcoin bounces to five-day highs while Ethereum rises above the $1,100 mark.
More entities than ever are underwater at current prices, but there is little consensus over conditions improving yet.
The MVRV-Z Score is a tried and tested bottom indicator, but it is not back at base yet, one analyst warns.
No sign of a significant shift up or down for BTC price, but volume data hints that the bottom could come in weeks or less.
Crypto Jebb and independent market analyst Scott Melker agree that the crypto market’s toughest days still lay ahead.
Traders expect Bitcoin to swoop below its swing low before the price flattens out and altcoins begin to recover.
The worst month and quarter since 2011 for Bitcoin come as Michael J. Burry warns U.S. stocks are only halfway done with their declines.