Bitcoin

April

Read

Shiba Inu

Divergence

<div class="coingape"> 
 <p>This lack of active participation which often comes after dips, has confined&nbsp;<a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>&nbsp;to hovering at $26,000. Attempts to climb toward $27,000 only made it to $26,282 while on the downside bulls set camp at $25,000 in a bid to avert an extended decline.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <h2 id="btc-price-bull-runs-start-in-extreme-fear">BTC Price Bull Runs Start in Extreme Fear</h2> 
 <p>Ardent investors in the crypto market are well aware of the&nbsp;<a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> cycles, which are often linked to the halving&nbsp;– set to occur in April 2024. These cycles are characterized by periods of euphoria and fear, which mark the beginning of retracements or bull runs, respectively.</p> 
 <p>According to&nbsp;@DrProfitCrypto&nbsp;“The last bull run in the end of 2020 started with absolute fear during covid and the mother of all crashes.”</p> 
 <p>The sell-off triggered by the pandemic set <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> on a parabolic climb to new all-time highs of $69,044.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/02/15173931/top-presale-project.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/02/15173931/top-presale-project.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/08/09180645/trading-bots.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/08/09180645/trading-bots.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2022/12/15175104/top_crypto_marketing_agencies.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2022/12/15175104/top_crypto_marketing_agencies.jpg" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/05/15175814/crypto_telegram_channel.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/05/15175814/crypto_telegram_channel.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2022/12/23134356/jpg_20221223_134223_0000.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2022/12/23134356/jpg_20221223_134223_0000.jpg" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <p>“Bull markets always start with extreme fear while bear markets always start with euphoria,” the trader and analyst added.</p> 
 <p>However, what differentiates investors who smile during bull runs and those that buy at the extreme top (euphoria) is timing. Buying during market dips has been proven to be one of the best strategies to build digital assets’ value over time.</p> 
 <p>However, very few investors have the confidence to buy amid market downtimes like the ongoing rout.</p>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>A similar sentiment shared by crypto analytics platform,&nbsp;Santiment&nbsp;reckoned that while “traders are praying that markets fall so they can get discounted Bitcoin, many feel second thoughts when presented with the actual opportunity to buy the dip.”</p> 
 <h2 id="what-s-next-for-btc-price">What’s Next For BTC Price</h2> 
 <p>Bitcoin is on the edge balancing its support at $26,000 amid glaring dips to $20,000. Investors are fearful that these dips will put their funds in jeopardy, especially there not being a guarantee that losses will not stretch beyond $20,000.</p> 
 <figure id="attachment_157302" aria-describedby="caption-attachment-157302" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-157302" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201148%20613'%3E%3C/svg%3E" alt="BTC price overs at $26k" width="1148" height="613" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/08/22133703/BTCUSD_2023-08-22_11-04-55.png"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-157302" src="https://cdn.coingape.com/wp-content/uploads/2023/08/22133703/BTCUSD_2023-08-22_11-04-55.png" alt="BTC price overs at $26k" width="1148" height="613"> 
  </noscript> 
  <figcaption id="caption-attachment-157302" class="wp-caption-text">
    BTC/USD daily chart | Tradingview 
  </figcaption> 
 </figure> 
 <p>The Moving Average Convergence Divergence (MACD) encourages sellers to keep their positions intact as it drops further into the negative region. The sell signal started in early July marked by the MACD line in blue crossing below the signal line in red was reaffirmed last week, hence the sell-off.</p> 
 <p>If bears keep holding <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> hostage at $26,000, another breakdown will likely follow. Support from the descending trendline as shown on the chart may provide bulls will an opportunity to avoid a more considerable dip to $20,000 in favor of a rebound at $22,000.</p> 
 <p>Despite the crypto market structure weakening, rebounds tend to occur during some of the most uncertain moments.</p> 
 <p>That said, the Relative Strength Index (RSI) is hugely oversold at 20, lower than the 2020 Covid crash. Oversold conditions imply that <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> is trading below its actual market price and often culminate in more significant price rebounds. In that case, it is advisable to tread carefully and be ready to make quick decisions as the situation at hand may call for.</p> 
 <h3 id="related-articles">Related Articles</h3> 
 <ul> 
  <li>Shiba Inu Portends Another 10% Drop As Shibarium Botched Launch Bites</li> 
  <li>Coinbase Takes Stake in USDC Stablecoin Issuer Circle</li> 
  <li>XRP Facing Bear vs Bull Showdown; Who Will Win</li> 
 </ul> 
 <p>&nbsp;</p> 
 <p>&nbsp;</p> 
</div>

BTC Price Holds $26k As Investors Shun Buying The Dip

Table of Contents

TheBitTimes

Other articles published on Aug 22, 2023

BRICS: Ending Reliance on the U.S. Dollar Main Agenda of Summit

Coinbase reports subdued interest in debt buyback adjusts offer

Crypto Lawyer Demands SEC Audit After Binance Suspends EUR Withdrawals

FPT Software Secured Contract with EASA, Tapping Blockchain for Aviation

Ethereum co-founder praises X’s Community Notes for echoing crypto principles

Shiba Inu burn rate soars despite Shibarium concerns

Join our free newsletter for daily crypto updates!