• Register / Login
  • App Dashboard
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
Monday, January 30, 2023
All in One Crypto App
Advertisement
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • FeaturesHot
  • Education
    • How to
    • Trading Tips
No Result
View All Result
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • FeaturesHot
  • Education
    • How to
    • Trading Tips
No Result
View All Result
All in One Crypto App
Home Crypto News Altcoin Market

Bitcoin (BTC) slides below $50k again as crypto market turns red

1 year ago
in Altcoin Market, Altcoin News, Bitcoin (BTC), Bitcoin (BTC) ATH, Bitcoin $50K, Bitcoin News, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, btcusd, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, CoinGape, Crypto News, Ethereum, News, Ripple Lawsuit And XRP Marker Updates, XRPAUD, XRPBNB, XRPBRL, XRPBTC, XRPCAD, XRPETH, XRPEUR, XRPGBP, XRPKRW, XRPMXN, XRPNGN, XRPPAX, XRPRUB, XRPTRX, XRPTRY, XRPTUSD, xrpusd, XRPUSDC, XRPUSDT
Reading Time: 3 mins read

Bitcoin (BTC) again failed to consolidate above $51K after breaching the key resistance earlier yesterday. The top cryptocurrency slid below $50K again earlier today and is currently trading at $49,344 with a 4% decline over the past month.

Bitcoin
Source: TradingView

The top cryptocurrency has seen a bearish phase ever since hitting a new all-time high in October near $69K and despite market pundits predicting an eventful final quarter, BTC like several other altcoins has been consolidating ever since. Many analysts have given a 6-figure price prediction for BTC by the end of 2021. However, as move deep into the last week of the year, BTC has shown little signs of bulls apart from a couple of bullish surges.

Apart from Bitcoin, the rest of the crypto market also traded in red, barring a few altcoins. Ethereum (ETH) fell below the critical support level of $4,000 and currently trading at $3,945. Among the top-5 cryptocurrencies by market cap, Binance coin (BNB) was the only altcoin that showed a green price momentum despite seeing a downturn. BNB is currently trading at $550 with a 1% surge over the past 24-hours. However, BNB wouldn’t be able to hold its green for long if the crypto market corrects further.Bitcoin

Source: Coin360

Can Bitcoin (BTC) see bulls again in 2022?

When comparing the current bull market with the last one, the price patterns have been quite distinct apart from early correlations. BTC rose to new ATHs towards the end of December in 2017 and most of its gains came in the last couple of weeks. While altcoins surged after Bitcoin’s market top. Comparing it to the 2021 bull cycle, the crypto market has shown more stability and a formidable price momentum where even market corrections of up to 50% didn’t shake many investors.

Market pundits expect the BTC rally to continue into 2022 and believe we are in a super cycle where the current price momentum is mimicking more of the year before the bull run and the real bull run would begin in  2022. Bitcoin is currently in a semi-bullish zone and Santimant analysis shows a steady circulation, thus the market sentiments haven’t turned red yet.

#Bitcoin continues to circulate in semi-bullish territory, according to our latest NVT model data. With $BTC back under $50k, circulation staying steady is encouraging to see, as it implies utility is remaining at a justifiable level vs. market cap. https://t.co/UXddCZQsDJ pic.twitter.com/VAJt25gvcN

— Santiment (@santimentfeed) December 28, 2021

The post Bitcoin (BTC) slides below $50k again as crypto market turns red appeared first on CoinGape.

This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

  • Website
  • Mobile app
  • Telegram Channel
  • Telegram Group
  • Twitter
  • Facebook
  • YouTube
  • Instagram
  • Binance Referral Link
  • Bitmex Referral Link
  • (Recommended For Leverage) ByBit Referral Link
  • Buy Ledger Nano at discounted price
  • Buy Cool Wallets at discounted price

Don't forget to share your review/suggestions for the android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks

Share2Tweet1ShareSendShare
Bybit
Binance

Follow Us

Application Menu

  • Register / Login
  • App DashboardSignals
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
  • Register / Login
  • App Dashboard
  • Profit/Loss Report
  • Mobile App
  • Before and After
  • Reviews and Testimonials
Contact Us: Telegram

© 2022 All In One Crypto App   DMCA.com Protection Status

No Result
View All Result
  • Home
  • News By Sources
    • CoinGape
    • CoinPedia
    • CoinDoo
  • Analysis
  • Features
  • Education
    • How to
    • Trading Tips

© 2022 All In One Crypto App   DMCA.com Protection Status