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

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19

Ethereum revise the market signs of December 2024 – This is what it means for you

2025-05-19
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

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • NFT

    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

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • 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

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • 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»Bitcoin»What Bitcoin’s falling price means for his prediction
Bitcoin

What Bitcoin’s falling price means for his prediction

2023-12-13No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: December 13, 2023


  • Bitcoin’s social metrics have fallen over the past week.
  • Derivatives metrics and market indicators looked bearish on the king coin.

After successfully crossing the $44,000 mark, Bitcoins [BTC] growth momentum slowed. However, the price fell prey to a price correction, as both the daily and weekly charts turned red.

AMBCrypto had before reported that the price of BTC could drop to $38,000 in the coming days.

At the moment of writing, CoinMarketCap showed that the king’s coin fell more than 6% over the past seven days, trading at $40,918.60 with a market cap of more than $800 billion.

Bitcoin is slowing down

Taking the latest data into account, investors should expect the king of cryptos’ price action to remain sluggish.

Notably, X (formerly Twitter) analyst CryptoCon recently revealed this Bitcoin has reached its final, slight resistance point at MVRV before reaching the red zone.

Therefore, investors should remain patient until BTC’s MVRV ratio crosses the red line before the coin starts registering price increases.

Almost there… but not quite yet.#Bitcoin has reached the final, slight resistance point at MVRV before reaching the red zone.

So light that it is barely noticeable!

Nothing has changed here.

Break out of the green and go to red.

Patiently waiting for his arrival!

47 – 49k. pic.twitter.com/qiqALmnV2C

— CryptoCon (@CryptoCon_) December 12, 2023

AMBCrypto then looked at social metrics to better understand what the market expected. It seemed like social volume dropped, indicating popularity was declining.

Negative sentiment around the currency also remained high, as evidenced by the dip in weighted sentiment.

Source: Santiment

The derivatives market looks bearish

AMBCrypto looked at the Bitcoin derivatives market, which once again showed a bearish signal. According to Mint glassBoth BTC’s funding rate and open interest have increased in the recent past.

See also  Will Bitcoin's Third Quarter Be Good for Investors?

This meant that futures investors were actively buying BTC while the price remained low, increasing the chances of the trend continuing in the coming days.

Source: Coinglass


Read Bitcoins [BTC] Price prediction 2023-24


Looking at BTC’s daily chart, AMBCrypto found even more bearish indicators. Strikingly, the MACD showed a clear bearish crossover. Moreover, both the Relative Strength Index (RSI) and the Money Flow Index (MFI) recorded a decline.

According to the Bollinger Bands, BTC‘s price entered a less volatile zone. This increased the likelihood of a few more slow days before BTC kicks off another bull rally.

Source: TradingView



Source link

Bitcoins falling means Prediction Price
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19

Ethereum revise the market signs of December 2024 – This is what it means for you

2025-05-19

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Web3 Ride-Hailing App DRIFE to integrate with Layer 1 Sui Blockchain

2024-04-04

The chairman of the New House Financial Services Committee says clear crypto rules are at the top of his to-do list

2024-12-14

BNB breaks below $ 605 while Bullish Momentum fades – what is the next step?

2025-03-31
Editors Picks

MATIC in a steady downtrend, you can go short here

2023-05-20

Arbitrum: Are whales taking advantage of the price dip

2023-09-10

XRP explains the mid -casus developments and adoptive heap

2025-03-01

Ethereum Gas Rates Fall: Can Vitalik’s Plan Help Defeat Solana?

2024-10-24
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

All the reasons why the price of Bitcoin could be set for an explosive rally

XRP – Price is struggling to keep the ground – breakdown or breathing break?

Ethereum revise the market signs of December 2024 – This is what it means for you

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)$103,134.97-0.47%
  • ethereumEthereum(ETH)$2,407.60-3.86%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.31-3.27%
  • binancecoinBNB(BNB)$639.32-0.81%
  • solanaSolana(SOL)$162.05-4.52%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.218155-1.10%
  • cardanoCardano(ADA)$0.72-4.27%
  • tronTRON(TRX)$0.264109-3.22%
  • suiSui(SUI)$3.71-3.26%
  • chainlinkChainlink(LINK)$15.19-2.98%
  • avalanche-2Avalanche(AVAX)$21.70-5.44%
  • stellarStellar(XLM)$0.280868-3.48%
  • hyperliquidHyperliquid(HYPE)$26.01-2.49%
  • shiba-inuShiba Inu(SHIB)$0.000014-3.05%
  • hedera-hashgraphHedera(HBAR)$0.188419-2.84%
  • unus-sed-leoUNUS SED LEO(LEO)$8.60-0.88%
  • bitcoin-cashBitcoin Cash(BCH)$382.91-3.93%
  • the-open-networkToncoin(TON)$3.04-2.39%
  • litecoinLitecoin(LTC)$95.89-2.43%
  • polkadotPolkadot(DOT)$4.51-4.62%
  • moneroMonero(XMR)$343.750.00%
  • bitget-tokenBitget Token(BGB)$5.04-1.79%
  • pepePepe(PEPE)$0.0000131.17%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-0.78%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.79-2.67%
  • bittensorBittensor(TAO)$400.79-6.15%
  • nearNEAR Protocol(NEAR)$2.72-1.50%
  • aaveAave(AAVE)$218.85-3.10%
  • okbOKB(OKB)$52.09-1.72%
  • aptosAptos(APT)$4.94-4.73%
  • ondo-financeOndo(ONDO)$0.90-3.30%
  • kaspaKaspa(KAS)$0.106088-4.50%
  • internet-computerInternet Computer(ICP)$5.07-3.04%
  • ethereum-classicEthereum Classic(ETC)$17.75-3.33%
  • gatechain-tokenGateToken(GT)$21.44-0.74%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.68-2.74%
  • crypto-com-chainCronos(CRO)$0.095366-3.56%
  • mantleMantle(MNT)$0.730.01%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232661-2.08%
  • vechainVeChain(VET)$0.027383-3.02%
  • render-tokenRender(RENDER)$4.42-4.54%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • ethenaEthena(ENA)$0.355527-6.41%
  • filecoinFilecoin(FIL)$2.79-2.74%
  • algorandAlgorand(ALGO)$0.214876-2.46%
  • cosmosCosmos(ATOM)$4.72-1.09%
  • bitcoinBitcoin(BTC)$103,134.97-0.47%
  • ethereumEthereum(ETH)$2,407.60-3.86%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.31-3.27%
  • binancecoinBNB(BNB)$639.32-0.81%
  • solanaSolana(SOL)$162.05-4.52%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.218155-1.10%
  • cardanoCardano(ADA)$0.72-4.27%
  • tronTRON(TRX)$0.264109-3.22%
  • suiSui(SUI)$3.71-3.26%
  • chainlinkChainlink(LINK)$15.19-2.98%
  • avalanche-2Avalanche(AVAX)$21.70-5.44%
  • stellarStellar(XLM)$0.280868-3.48%
  • hyperliquidHyperliquid(HYPE)$26.01-2.49%
  • shiba-inuShiba Inu(SHIB)$0.000014-3.05%
  • hedera-hashgraphHedera(HBAR)$0.188419-2.84%
  • unus-sed-leoUNUS SED LEO(LEO)$8.60-0.88%
  • bitcoin-cashBitcoin Cash(BCH)$382.91-3.93%
  • the-open-networkToncoin(TON)$3.04-2.39%
  • litecoinLitecoin(LTC)$95.89-2.43%
  • polkadotPolkadot(DOT)$4.51-4.62%
  • moneroMonero(XMR)$343.750.00%
  • bitget-tokenBitget Token(BGB)$5.04-1.79%
  • pepePepe(PEPE)$0.0000131.17%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.73-0.78%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.79-2.67%
  • bittensorBittensor(TAO)$400.79-6.15%
  • nearNEAR Protocol(NEAR)$2.72-1.50%
  • aaveAave(AAVE)$218.85-3.10%
  • okbOKB(OKB)$52.09-1.72%
  • aptosAptos(APT)$4.94-4.73%
  • ondo-financeOndo(ONDO)$0.90-3.30%
  • kaspaKaspa(KAS)$0.106088-4.50%
  • internet-computerInternet Computer(ICP)$5.07-3.04%
  • ethereum-classicEthereum Classic(ETC)$17.75-3.33%
  • gatechain-tokenGateToken(GT)$21.44-0.74%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.68-2.74%
  • crypto-com-chainCronos(CRO)$0.095366-3.56%
  • mantleMantle(MNT)$0.730.01%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232661-2.08%
  • vechainVeChain(VET)$0.027383-3.02%
  • render-tokenRender(RENDER)$4.42-4.54%
  • usd1World Liberty Financial USD(USD1)$1.000.01%
  • ethenaEthena(ENA)$0.355527-6.41%
  • filecoinFilecoin(FIL)$2.79-2.74%
  • algorandAlgorand(ALGO)$0.214876-2.46%
  • cosmosCosmos(ATOM)$4.72-1.09%