• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Factors Supporting Bitcoin Above $90,000

user avatar

by Giorgi Kostiuk

a year ago

Bitcoin's price reached a new low of $91,055, yet several factors may provide support.

Fear and Greed Index Drops

The Fear and Greed Index fell to 50, marking its lowest point in three months. Historically, a drop to 'neutral' or fear levels has preceded price reversals.

Bitcoin Metrics Indicate 'Market Peak' Absent

Analysis shows Bitcoin hasn't reached its typical bull market peaks. None of the signals suggest a peak, and current price dips are seen as a growth opportunity.

These price dips remain an 'opportunity' before the expected rally.Mikybull, crypto analyst

Bitcoin Whale Purchases

Large investors have accumulated over 34,000 Bitcoin since December, indicating strong institutional interest despite the price drop.

Selling coins at this juncture might prove to be a very unwise decision.MAC.D, CryptoQuant analyst

While short-term volatility affects the market, long-term factors suggest a potential reversal in Bitcoin's price.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum ETF Outflows Indicate Waning Institutional Appetite

chest

Ethereum spot ETFs experienced significant outflows, signaling reduced interest from institutional investors.

user avatarFilippo Romano

Ripple Unveils Institutional DeFi Roadmap for XRP Ledger

chest

Ripple has published a roadmap aimed at transforming the XRP Ledger into a comprehensive financial operating environment for institutions.

user avatarEmily Carter

Solana Network Activity Remains Strong Despite Price Decline

chest

Solana's network shows resilience with over 31 billion in DEX spot volume processed, indicating strong user engagement despite price declines.

user avatarTomas Novak

Market Analysis Indicates Potential Short-Term Base for Solana

chest

Market analysis indicates potential short-term base for Solana.

user avatarKaterina Papadopoulou

Solana Faces Significant Selloff Amid Institutional Caution

chest

Solana has experienced a sharp selloff, leading to a fragile market condition as it approaches a key demand zone.

user avatarMaya Lundqvist

Ethereum Price Falls Below Critical Support Level.

chest

Ethereum's price has fallen below the crucial $2,000 mark due to significant selling pressure from large and small investors.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.