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Bitcoin declined more than $1,500 in the past few days against the US Dollar. BTC is now facing a drop to $8,200 or $8,000 before a strong upward move in the coming days.After forming a short term top, bitcoin price dived below $9,000 and $8,800.The price is currently consolidating above
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After Bitcoin started to tank earlier this week, analysts have been wondering at which point the cryptocurrency will bottom. While traders across the board are divided about the exact answer to this pressing question, there is a rapidly-building case that BTC will soon start to trend higher once again after
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After a brutal start to the week that saw Bitcoin crash from $10,000 to as low as $8,500, the crypto market has finally started to show signs of consolidation.According to a well-known crypto trader who has predicted recent price action quite well, this consolidation is a potential sign that Bitcoin
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Bitcoin recently made a “Golden Cross” where the 50-day moving average closed above the 200-day moving average, a positive development for traders who sees it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover.The bitcoin-to-dollar exchange rate slipped below both the 50-
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Bitcoin is known for its parabolic movements to the upside; BTC’s infamous rally from $1,000 to $20,000 in 2017 was a clear parabola higher, marked by rapidly-increasing highs and an eventual blow-off top, which saw BTC correct 60% within weeks after the peak.Though, the cryptocurrency also trades parabolically to the
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After Bitcoin’s crash early this week, the cryptocurrency has found itself trying to establish a base for the next move.While there are many analysts professing that BTC is “showing weakness” at current, a prominent trader recently gave an in-depth explanation as to why he is buying the asset around the
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Ripple’s native token XRP triggered a bullish crossover signal on Wednesday that many traders perceived as an opportunity to score short-term gains.The chart pattern, known as Golden Cross, typically appears when a short-term moving average jumps above the longer-term moving average. Many technical analysts use the crossover as a sign
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Bitcoin is at the risk of crashing below $3,000 as a historically accurate bearish indicator screams ‘sell’ for the first time since July 2018.Bitcoin eyeing deeper bearish correction after Death Cross formation | Source: CryptoHamsterThe benchmark cryptocurrency’s 50-weekly moving indicator slipped below its 20-weekly moving indicator on Thursday, leading to
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The past few days haven’t been too kind to Bitcoin, to say the least; the leading cryptocurrency has retraced (some have called it more of a crash) from $10,000 to as low as $8,520 in a dramatic fashion, liquidating millions of dollars worth of BitMEX positions. Despite this, analysts remain optimistic.
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Bitcoin is currently recovering from the $8,512 weekly low against the US Dollar. However, BTC price is still facing many key hurdles near $9,000 and it could resume its decline.Bitcoin is showing signs of a short term upside correction from $8,512 against the US Dollar.The bears are still in control
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