NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Bitcoin Bloodbath Continues, Bears Grip Put in Extreme Fear Territory

Anifowoshe Ibrahim
Anifowoshe Ibrahim
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

To the sound of war drums between Russia and Ukraine, Bitcoin continued its downward spiral on Monday. Over the weekend, the digital currency par excellence lost crucial support below $40,000, and on Monday, it made a low below the next control zone at $37,000. Despite closing near $38,000, the crypto currency is swinging around the aforementioned crucial support, according to TradingView data, and threatens to extend its losses.

Bitcoin’s price has dropped for six days in a row. Late last night, the pioneer fell to $36,545 — its lowest level in two weeks. This is around 45 percent lower than the all-time high set in November.

Bitcoin

BTC/USD trades at $37k. Source: TradingView

Sentiment Shift Extreme Fear

Experts, on the other hand, are becoming pessimistic after the digital currency fell sharply after failing to break through the $45,000 resistance barrier, and many anticipate that the $30,000 level will be reintroduced.

It’s understandable that investors are concerned, given how crypto values have fluctuated in recent months. The Federal Reserve’s decision to scale back on pandemic-related economic stimulus measures, as well as mining difficulties in Kazakhstan, initially weighed on prices. However, most cryptos have struggled to regain any traction.

Bitcoin Fear and greed index.

The index serve as a good indicator of investor sentiment. It considers a variety of indicators, including as trade volumes, social media activity, and volatility. The market scored 84 in November, when prices were at all-time highs, putting it in severe greed territory.

Related Reading | Bitcoin Prices Bear The Brunt Of Long Liquidations And Geopolitical Tensions

Bloomberg Analyst Optimistic

Mike McGlone, a senior commodity strategist at Bloomberg, has an intriguing prediction for Bitcoin. McGlone had already tweeted on Sunday, February 20, that Bitcoin could suffer significant headwinds in the near future. He goes on to say that inflation won’t go down unless risk assets fall, which hasn’t happened yet.

Despite the grim short-term forecast, McGlone believes Bitcoin is on the verge of establishing a new trend. McGlone also stated that a majority of assets will respond to the “ebbing tide” in 2020, as the Fed’s financial tighten policies.

However, as inflation tightens its grip, McGlone predicts Bitcoin will reach a key milestone in 2022. Last Sunday, the Bloomberg analyst wrote on Twitter, ”

Bitcoin indicating a rough week ahead – Inflation Unlikely to Drop Unless Risk Assets Do: Most assets are subject to the ebbing tide in 2022, on the inevitable reversion of the greatest inflation measures in four decades, but this year may mark another milestone for Bitcoin.

#Bitcoin indicating a rough week ahead – Inflation Unlikely to Drop Unless Risk Assets Do:
Most assets are subject to the ebbing tide in 2022, on the inevitable reversion of the greatest inflation measures in four decades, but this year may mark another milestone for Bitcoin. pic.twitter.com/drnXyYea4F

— Mike McGlone (@mikemcglone11) February 20, 2022

 

McGlone previously said that Bitcoin has shown divergent strength as compared to equities. BTC is expected to reach $100,000 in 2022, according to Bloomberg’s Crypto Market Outlook for February. McGlone is positive on Ethereum (ETH) and stablecoins, commonly known as “crypto dollars,” in addition to Bitcoin.

Price prediction when it comes to Bitcoin has always been measured and conflicting. Some analysts are advising investors to purchase the drop in the hope of seeing the pioneer cryptocurrency reach $100,000 this year. Others are anticipating a crypto winter, with the price plummeting to zero.

Related Article | TA: Bitcoin Resumes Slide, Why BTC Bears Aim $35K

Featured image from Unsplash, chart from TradingView.com
Tweet123Share196ShareSend
Anifowoshe Ibrahim
Anifowoshe Ibrahim

Anifowoshe Ibrahim

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Base ķēdes aktivitāte pieaug par 22,5%, taču Bitcoin Hyper ir vienīgais Layer-2 risinājums ar Solana ātrumu un Bitcoin drošību

Base tīkla darījumu skaita pieaugums par 22,5% salīdzinājumā ar iepriekšējo mēnesi izceļas amid plašākas Layer-2 telpas lēnākas aktivitātes fona, taču...

lasma 2 hours ago
Arthur Hayes voorspelt $1M BTC koers - Japan start de bull run met stimulus checks

Arthur Hayes voorspelt $1M BTC koers – Japan start de bull run met stimulus checks

Sinds de Bitcoin voorspelling van Arthur Hayes, BitMEX oprichter, lijkt Japan de bull run in te zetten. Hij deelde een...

Lars Diederiksen 2 hours ago
$XRP Price Prediction: Rally to $3 and Beyond as Best Wallet Token Presale Raises $16.6M?

$XRP Price Prediction: Rally to $3 and Beyond as Best Wallet Token Presale Raises $16.6M?

What to Know: $XRP has been in limbo lately due to a market-wide downturn as a result of US President...

Aaron Walker 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin news

Last-Ever Bitcoin Dip Below $100,000 Looms This Week, Standard Chartered Warns

Jake Simmons 55 minutes ago
Gemini πρόβλεψη τιμής XRP

Πρόβλεψη τιμής XRP: Το Gemini βλέπει άνοδο στα $3 και προτείνει το Pepenode

Ιωάννης Ριζόπουλος 1 hour ago
bitcoin hyper presale

Η viral προπώληση του Bitcoin Hyper αγγίζει τα $24,6 εκατ. – “Φάλαινα” επενδύει $11.300 καθώς το $HYPER διορθώνει τα προβλήματα του Bitcoin

Ιωάννης Ριζόπουλος 2 hours ago

Premium Sponsors

Press Releases

  • ChatGPT Predicts Price of XRP, Cardano, PEPENODE

    ChatGPT dự đoán giá của XRP, Cardano và PEPENODE...

    9 minutes ago
  • BNB vọt lên và vượt XRP – mạng lưới mở...

    18 minutes ago
  • Cách Mua Bitcoin Hyper ($HYPER)

    Bitcoin Hyper tiến gần mốc 25 triệu USD: Giải...

    23 minutes ago
  • Grok Predicts The Next Cryptocurrencies

    Grok dự đoán những alt coin sắp bùng nổ tiếp...

    33 minutes ago
  • イーサリアム 今後の価格予測:12月に史上最高値の可能性、新興プレセール銘柄が注目を集める

    イーサリアム...

    22 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.