Bitcoin (BTC) Whale Address Holdings at A 29-Month Low

The world's largest cryptocurrency Bitcoin (BTC) continues to face strong selling pressure amid uncertainties in the global markets. Over the last weekend, the BTC price has slipped under $19,000 with analysts expecting further downside.

Timeline of Bitcoin

Bitcoin price managed to stay above the key $18,500 support. BTC is currently (03:10 UTC) consolidating near the $19,000 level. To start a fresh increase, the bulls need to gain strength for a move above the $19,500 resistance zone.

Major coins were seen trading lower Sunday evening as the global cryptocurrency market cap fell 0.9% to $923.7 billion at 8.05 p.m. EDT. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -0.7% -3.2% $18,802.10 Ethereum (CRYPTO: ETH) -1.8% -3.1% $1,294.22 Dogecoin (CRYPTO: DOGE) -3.35% -6.2% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price ApeCoin (APE) +5.3% $5.72 Maker (MKR) +4.4% $709.47 Chainlink (LINK) +3% ​​$7.87 See Also: How To Get Free NFTs Why It Matters: Bitcoin and Ethereum followed other risk assets lower at the time of writing.

Crypto analyst Nicholas Merten recently said that technology indices are due for further declines, and he believes the drop will drive Bitcoin (CRYPTO: BTC) to new bear market lows. Merten said that a fall for the NASDAQ is bad news for Bitcoin and gives a rough price target for the leading digital asset.

A weekly report on some of the biggest moves in crypto markets, with commentary from industry experts. The post Bitcoin and ether sink lower, Fed fights inflation with new rate hike: This week in markets appeared first on The Block.

Data from Glassnode suggests Bitcoin is currently in the historical bear market to bull market transition period. Bitcoin Correlation Between Price And Supply In Profit Has Recently Been Below 0.75 As per a recent report by Glassnode, the BTC correlation between the price and the supply in profit generally observes multiple drops below 0.75 during transitional periods.

Cory Klippsten, the CEO of Swan Bitcoin, shares his views on how "the competition for liquidity" between Bitcoin and Ethereum will play out after the latter's switch to a proof-of-stake system.

BTC/USD Awaits Technical Guidance:  Sally Ho's Technical Analysis – 26 September 2022   Bitcoin (BTC/USD) lacked a clear direction early in the Asian session as the pair was unable to sustain a recent move higher to the 19400 area, right around the 200-hour simple moving average.  Light selling pressure also emerged around the 19231.51 area, a level that represents the 76.4% retracement of the legacy historical appreciating range from 3858 to 69000.

SPONSORED POST* Deciding what to do with your Bitcoin, as prices continue to fall, can be tough. Many believe that the tide will eventually turn and if they hold on for long enough BTC will rise to new heights.

The Bitcoin technical chart showcased a roller coaster ride as prices took a V-top reversal during Mid August and dumped back to 2022 bottom support of $18000. Moreover, over the last weeks, the crypto market suffered due to unfavorable news such as High CPI data, Fed interest hike, and the U.S. dollar index(DXY) rise to The post Bitcoin Price Is Preparing Its Next Move Within This Chart Pattern appeared first on CoinGape.

Deciding what to do with your Bitcoin, as prices continue to fall, can be tough. Many believe the tide will eventually turn, and if they hold on for long enough, BTC will rise to new heights.