{"id":5397,"date":"2022-07-03T23:16:08","date_gmt":"2022-07-03T23:16:08","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=5397"},"modified":"2022-07-03T23:16:09","modified_gmt":"2022-07-03T23:16:09","slug":"bitcoin-addresses-in-loss-hit-all-time-high-amid-18k-btc-price-target","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=5397","title":{"rendered":"Bitcoin addresses in loss hit all-time high amid $18K BTC price target"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) meandered into the weekly close on July 3 after weekend trading produced a brief wick below $18,800.<\/p>\n<p><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/p>\n<h2>Bollinger bands signal volatility due<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as it stuck to $19,000 rigidly for a third day running.<\/p>\n<p>The pair had gone light on volatility overall at the weekend, but at the time of writing was still on track for the first weekly close below its prior halving cycle\u2019s all-time high since December 2020.<\/p>\n<p>The previous weekend\u2019s action had produced a late surge which saved bulls from a close below $20,000.<\/p>\n<p>Momentum remained weak throughout the following week\u2019s Wall Street trading, however, and traders were unconvinced about the potential for a significant relief bounce.<\/p>\n<p>\u201cLooking for a push down to the lower support zone at $18,000 while we are below $19,300. Quick scalp and tight invalidation,\u201d popular Twitter account Crypto Tony wrote in an update to followers on the day.<\/p>\n<p>\u201cI can\u2019t really trust this move because it&#8217;s \u2018weekend pa,\u2019\u201d fellow account Ninja continued in part of a further post, adding that \u201cif bulls can\u2019t push to $19.7k, I don\u2019t think the dump is over.\u201d<\/p>\n<p>Up or down, incoming volatility was being keenly eyed by commentators as the weekly close drew near. Popular analyst Matthew Hyland noted that the Bollinger bands indicator was signaling that price conditions would soon become more erratic.<\/p>\n<p lang=\"en\" dir=\"ltr\">#Bitcoin Bollinger Bands tightening on the daily time frame as displayed on the width indicator: pic.twitter.com\/c0bqmMfdSi<\/p>\n<p>\u2014 Matthew Hyland (@MatthewHyland_) July 3, 2022<\/p>\n<p>On daily timeframes, BTC\/USD traded near the bottom Bollinger band, threatening a drop below as an expression of volatility similar to that which occurred in May.<\/p>\n<p><em>BTC\/USD 1-day candle chart (Bitstamp) with Bollinger bands. Source: TradingView<\/em><\/p>\n<h2>Underwater addresses surpass March 2020 peak<\/h2>\n<p>Fresh data meanwhile showed just how much pain the average hodler was going through after the worst monthly losses since 2011.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floor<\/em><\/strong><\/p>\n<p>According to on-chain monitoring firm Glassnode, the weekly moving average number of unique BTC addresses now at a loss reached a new all-time high of 18.8 million on July 3.<\/p>\n<p>As Cointelegraph previously reported, in previous capitulation events, 60% of the supply needed to see unrealized losses.<\/p>\n<p><em>Bitcoin addresses in loss chart. Source: Glassnode<\/em><\/p>\n<p>\u201cAlmost $40 Billion in Bitcoin Net Realized Losses since May 1st,\u201d analytics account On-Chain College summarized as June came to a close:<\/p>\n<p>\u201cSome have quit, some have stuck around. One thing is for sure- if you\u2019ve been in this space over the last year and you\u2019re still here, you\u2019ve been through quite a lot of volatility.\u201d<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-addresses-in-loss-hit-all-time-high-amid-18k-btc-price-target\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) meandered into the weekly close on July 3 after weekend trading produced a brief wick below $18,800. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Bollinger bands signal volatility due Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as it stuck to $19,000 rigidly for a third day running. The pair had gone [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-5397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5397"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5397\/revisions"}],"predecessor-version":[{"id":5399,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5397\/revisions\/5399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/5398"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}