In this episode of NewsBTC’s daily technical analysis videos, we examine the bloodbath across crypto today and the new record low for this Bitcoin bear market.
Take a look at the video below:
It was a highly volatile day in crypto markets, led by a battle between FTX and Binance that ultimately might end with Binance owning FTX.com. The two company’s CEO’s public spat caused the already fearful crypto market to collapse further. As a result, Bitcoin price made a new bear market lower low, setting a new record low for all of 2022 at the same time.
Bulls Demoralized, Bound To Ignore Exhaustion Signal
It is hard to imagine much hope for bulls at this very moment. After months of consolidation and a failed attempt at a breakout, bears appear to have regained control. Of the few notable bullish signals – if any remain at all – the TD sequential on daily timeframes has triggered a perfected TD 13 countdown setup, which could indicate that today’s massacre was a buy and the bear trend has been exhausted.
Today’s uptick in trading volume seems to confirm more downside – or is the heavy volume the capitulation we have been waiting for instead?
Will bulls ignore these exhaustion signs? Source: BTCUSD on TradingView.com
Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program.
Follow @TonySpilotroBTC on Twitter or join the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice.
Featured image from iStockPhoto, Charts from TradingView.co
In this episode of NewsBTC’s daily technical analysis videos, we examine the bloodbath across crypto today and the new record low for this Bitcoin bear market.
Take a look at the video below:
It was a highly volatile day in crypto markets, led by a battle between FTX and Binance that ultimately might end with Binance owning FTX.com. The two company’s CEO’s public spat caused the already fearful crypto market to collapse further. As a result, Bitcoin price made a new bear market lower low, setting a new record low for all of 2022 at the same time.
<iframe title="Bitcoin Bloodbath Takes Price New Bear Market Lows
Bitcoin is still trading above $60,000, but there are questions as to whether that area…
Michael Saylor's Strategy has evolved into a far more complex bitcoin-finance machine since it last…
With Strategy breaking its accumulation streak and many peers stepping aside, the list of active…
Bitcoin is approaching a pivotal moment, with several key support and resistance levels set to…
Bitcoin Magazine Strive (ASST) Eyes $4.2B War Chest to Ramp Up Bitcoin Accumulation Strive, Inc.…
Bitcoin Magazine The Business Owner’s Guide to Vertical Integration with Bitcoin While Bitcoin is often…