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Tag: bearish

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Bearish Bitcoin mining data may be counter signal that encourages spot-driven BTC rally

Bitcoin’s miner margins and NVT metric indicated a bottom range, but a final downside sweep remains possible. Bitcoin rallied to $91,950 on Nov. 26 as data shows the market sitting at a key inflection point. Data from Capriole Investments placed Bitcoin’s production cost near $83,873, while the electrical cost, the baseline energy input for mining, sits far lower…
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Ethereum falls to $3.8K, but are ETH traders turning bearish?

ETH price lost the $4,000 level as Bitcoin and altcoins corrected. Is this a standard correction or is something else at play? Ether declined on Dec. 9, retesting the $3,800 level after failing to break above $4,050—a resistance level intact since December 2021. The 5% price drop has raised concerns among traders about the sustainability…
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