Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

2025-05-20

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20

    Weaver Labs stimulates AI-led decentralized connectivity, joins Imagen Network

    2025-05-19
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Should Bitcoin Investors Be Worried Now that the BTC Price Chart Turns Red?
Altcoins

Should Bitcoin Investors Be Worried Now that the BTC Price Chart Turns Red?

2023-11-15No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: November 16, 2023

  • A bearish divergence was noticed on the chart of a key BTC metric.
  • BTC fell 2% and some numbers were bearish.

Bitcoins [BTC] The price has been on somewhat of a sideways path over the past seven days as it moved only marginally. The bad news was that a bearish divergence was noticed on the chart of BTC, which indicated a decline in the price of the king of cryptos in the coming days.

Bitcoin bears are taking over

Over the past month, BTC registered a promising rally, allowing investors to make profits. If reported Previously by AMBCrypto, 80% of Bitcoin addresses were profitable.

This increase in profitable Bitcoin addresses may prompt holders to think about selling their holdings. An analysis of CryptoQuant facts discovered that the possibility of investors selling BTC became a reality.

BTC’s foreign exchange reserve also increased. Furthermore, net deposits on the exchanges were high compared to the last seven-day average, meaning selling pressure on the coin was high.

Source: CryptoQuant

The increase in selling pressure had a negative effect on the price of the coin. CoinMarketCaps facts pointed out that the price of BTC has fallen by more than 2% in the last 24 hours.

A bearish signal was BTC trading volume, which soared while the price fell. At the time of writing, BTC was trading at $35,620.69 with a market cap of over $696 billion.

Things could get even worse, as the latest data looked quite bearish.

Ali, a popular crypto analyst, recently posted a tweet highlighting the emergence of a bearish divergence BTC and the network growth graph. For starters, when Bitcoin’s price rises but network growth slows, it typically signals a trend reversal.

#Bitcoin | When $BTC the price increases but network growth slows down, this is a red flag. It suggests that the uptrend may not have enough momentum to sustain.

This bearish divergence between #BTC price and network growth is a sell signal that traders should be aware of. pic.twitter.com/QvJ2HwelBh

— Ali (@ali_charts) November 14, 2023

Is a further price drop inevitable?

A closer look at BTC’s statistics provided a better insight into the possibility of a further downtrend. Bitcoin’s aSORP was red, meaning more investors are selling at a profit.

See also  XRP - Price will settle lower - will sellers push it further?

In the middle of a bull market, this could indicate a market top. However, when AMBCrypto examined BTC’s supply, a different picture emerged.

BTCThe company’s supply outside the exchanges remained higher than the supply on the exchanges. Whale activity around BTC also remained high.

Furthermore, market sentiment surrounding BTC has been positive, as evidenced by the recent increase in weighted sentiment.

Source: Santiment


Is your portfolio green? Check the Bitcoin Profit Calculator


When checking BTC’s derivatives statistics on Mint glassAMBCrypto found that the coin’s open interest dropped slightly along with its price.

When open interest falls, the chance of a trend reversal increases. Therefore, it will be interesting to keep an eye on which direction the price of BTC moves in the coming days.



Source link

Bitcoin BTC Chart investors Price Red Turns Worried
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum -price flashes bullish signal, but can it flow through obstacles?

2025-05-20

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

2025-05-20

Bitcoin -portfolios shift to ‘buy -mode’ -Is a bullish reversal imminent?

2025-05-20

XRP Price Eyes Winins, but technically suggests that upsides can be limited

2025-05-20
Add A Comment

Comments are closed.

Top Posts

IYK raises $16.8 million for token-enabled fashion with NFTs

2023-09-28

The US government Bitcoin Stash would be worth $ 16,634,000,000 extra if the Doj had not sold BTC: David Sacks

2025-03-07

How to build an NFT series using AI (Part 7)

2023-08-17
Editors Picks

Bitcoin Ordinals break daily inscriptions record, but trading nosedives

2023-08-01

Ethereum Generative Art Challenger Highlight Takes on Art Blocks

2023-07-26

Multiple network teams with Unmarshal AI to bring a revolution in blockchain data about 55+ chains

2025-02-24

BIS says “highly coordinated” international efforts are needed to prevent regulatory arbitrage for stablecoins

2023-11-01
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

Ethereum -price flashes bullish signal, but can it flow through obstacles?

If you have $ 5000 and want to change $ 5 million by 2028, which are the best altcoins to buy? Top 5 contenders

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,773.720.88%
  • ethereumEthereum(ETH)$2,473.07-0.39%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.33-0.98%
  • binancecoinBNB(BNB)$645.16-0.12%
  • solanaSolana(SOL)$165.950.89%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.220681-0.83%
  • tronTRON(TRX)$0.2735633.29%
  • cardanoCardano(ADA)$0.73-0.70%
  • suiSui(SUI)$3.852.01%
  • chainlinkChainlink(LINK)$15.40-1.02%
  • avalanche-2Avalanche(AVAX)$22.01-0.65%
  • stellarStellar(XLM)$0.282771-0.47%
  • hyperliquidHyperliquid(HYPE)$25.68-1.54%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.11%
  • hedera-hashgraphHedera(HBAR)$0.1920410.55%
  • unus-sed-leoUNUS SED LEO(LEO)$8.760.87%
  • bitcoin-cashBitcoin Cash(BCH)$387.69-0.29%
  • the-open-networkToncoin(TON)$3.051.58%
  • polkadotPolkadot(DOT)$4.580.28%
  • litecoinLitecoin(LTC)$93.75-4.47%
  • moneroMonero(XMR)$345.290.93%
  • bitget-tokenBitget Token(BGB)$5.14-0.33%
  • pepePepe(PEPE)$0.000013-2.15%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.742.43%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • aaveAave(AAVE)$258.7410.45%
  • bittensorBittensor(TAO)$411.070.92%
  • uniswapUniswap(UNI)$5.75-2.69%
  • nearNEAR Protocol(NEAR)$2.71-0.95%
  • aptosAptos(APT)$5.05-1.76%
  • okbOKB(OKB)$51.96-0.15%
  • ondo-financeOndo(ONDO)$0.931.19%
  • kaspaKaspa(KAS)$0.1074290.81%
  • ethereum-classicEthereum Classic(ETC)$18.10-1.24%
  • internet-computerInternet Computer(ICP)$5.13-1.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.233.20%
  • gatechain-tokenGateToken(GT)$21.27-0.32%
  • crypto-com-chainCronos(CRO)$0.095552-0.04%
  • mantleMantle(MNT)$0.741.80%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.228923-1.48%
  • vechainVeChain(VET)$0.027563-1.13%
  • render-tokenRender(RENDER)$4.550.18%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.364299-0.45%
  • algorandAlgorand(ALGO)$0.219173-0.92%
  • arbitrumArbitrum(ARB)$0.385545-0.06%
  • filecoinFilecoin(FIL)$2.79-2.55%
  • bitcoinBitcoin(BTC)$105,773.720.88%
  • ethereumEthereum(ETH)$2,473.07-0.39%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.33-0.98%
  • binancecoinBNB(BNB)$645.16-0.12%
  • solanaSolana(SOL)$165.950.89%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.220681-0.83%
  • tronTRON(TRX)$0.2735633.29%
  • cardanoCardano(ADA)$0.73-0.70%
  • suiSui(SUI)$3.852.01%
  • chainlinkChainlink(LINK)$15.40-1.02%
  • avalanche-2Avalanche(AVAX)$22.01-0.65%
  • stellarStellar(XLM)$0.282771-0.47%
  • hyperliquidHyperliquid(HYPE)$25.68-1.54%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.11%
  • hedera-hashgraphHedera(HBAR)$0.1920410.55%
  • unus-sed-leoUNUS SED LEO(LEO)$8.760.87%
  • bitcoin-cashBitcoin Cash(BCH)$387.69-0.29%
  • the-open-networkToncoin(TON)$3.051.58%
  • polkadotPolkadot(DOT)$4.580.28%
  • litecoinLitecoin(LTC)$93.75-4.47%
  • moneroMonero(XMR)$345.290.93%
  • bitget-tokenBitget Token(BGB)$5.14-0.33%
  • pepePepe(PEPE)$0.000013-2.15%
  • daiDai(DAI)$1.000.00%
  • piPi(PI)$0.742.43%
  • ethena-usdeEthena USDe(USDE)$1.000.03%
  • aaveAave(AAVE)$258.7410.45%
  • bittensorBittensor(TAO)$411.070.92%
  • uniswapUniswap(UNI)$5.75-2.69%
  • nearNEAR Protocol(NEAR)$2.71-0.95%
  • aptosAptos(APT)$5.05-1.76%
  • okbOKB(OKB)$51.96-0.15%
  • ondo-financeOndo(ONDO)$0.931.19%
  • kaspaKaspa(KAS)$0.1074290.81%
  • ethereum-classicEthereum Classic(ETC)$18.10-1.24%
  • internet-computerInternet Computer(ICP)$5.13-1.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.233.20%
  • gatechain-tokenGateToken(GT)$21.27-0.32%
  • crypto-com-chainCronos(CRO)$0.095552-0.04%
  • mantleMantle(MNT)$0.741.80%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.228923-1.48%
  • vechainVeChain(VET)$0.027563-1.13%
  • render-tokenRender(RENDER)$4.550.18%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • ethenaEthena(ENA)$0.364299-0.45%
  • algorandAlgorand(ALGO)$0.219173-0.92%
  • arbitrumArbitrum(ARB)$0.385545-0.06%
  • filecoinFilecoin(FIL)$2.79-2.55%