• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: Bitcoin Market Fluctuations Continue
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Bitcoin and BTC > Bitcoin Market Fluctuations Continue
Bitcoin and BTC

Bitcoin Market Fluctuations Continue

vitalclick
Last updated: September 16, 2024 4:26 am
9 months ago
Share
SHARE

Contents
BTC Price MovementsThe Effects of Emotional TradingAnalysts’ Views: Possibility of a Bullish Pennant

While cryptocurrency markets were volatile over the weekend, Bitcoin (BTC) $60,106 its price briefly rose by 6% but then resumed a downtrend. BTC prices remain at mid-August levels, defying predictions that it would fall below $40,000. The Fear and Greed Index is in the “Fear” zone as the effects of emotional trading continue in the market.

BTC Price Movements

BTC saw a 6% increase in the past week, from $55,000 to $59,000. However, this increase was short-lived, with the price dropping 2% to just over $60,000. Despite this, BTC’s monthly movements appear to have remained largely unchanged.

The Effects of Emotional Trading

Emotional behavior plays a major role in crypto markets. Rising prices trigger greed and fear of missing out, while declines often lead to panic selling. The Fear and Greed Index notes that excessive fear can signal a buying opportunity, while excessive greed can increase the likelihood of a market correction.

Analysts’ Views: Possibility of a Bullish Pennant

Famous crypto analyst Titan of Crypto says that BTC could rise to $92,000 and that a chart pattern called a “bullish pennant” has formed. This pattern is a chart pattern that usually signals that an upward trend will continue.

Another analyst, Michaël van de Poppe, says that there is a bullish potential not only for cryptocurrencies but also for commodities. Van de Poppe says that commodities and cryptocurrencies are largely undervalued and could enter a long-term bull market.

The end of the gold standard in the US in 1971 caused significant changes in commodity prices. The year 2000 was a year of economic change, with the end of a major bull market in stock markets. Today, the effects of these historical events continue to be observed in crypto and commodity markets.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

You Might Also Like

Bitcoin Shows Upside Potential Before Election

The gap in CME has been closed! The new era begins for Bitcoin

MicroStrategy Leveraged ETFs Land in Key Rankings in 2024

New Bitcoin Move from Japanese Giant Metaplanet! Increased Total Assets to 398.83 BTC!

Rich Dad Poor Dad Author: The Great Market Crash is Coming! Bitcoin and Gold Will Be Your Lifesaver!

TAGGED:BitcoinBTC
Share This Article
Facebook Twitter Email Print
Previous Article Shiba Inu, Rollblock and Kaspa
Next Article Traditional Financial Institutions Show Interest in Crypto Custody Market
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?