Brief Respite from Bitcoins Bearish Price Movements

2018-11-21 18:04

Wednesday last week was the day when Bitcoin dropped about $1000 in value from around $6300 to approximately $5300. The drop was followed by some days of trading within a range which signaled that another drop could follow. The next drop did follow, and Bitcoin hit a 2018 low just beneath $4200 yesterday.

Price has started to bounce from this level which is a better response from price action than trading sideways or in a range. If price were to begin trading in another range, it would make the execution of a bear flag more likely where price undergoes another significant drop.

Bitcoin Daily Chart – TradingView.com

Price is currently trading around $4400. Momentum is still strong with the sellers so traders should be aware of the possibility of price dropping to sub-$4k levels. The daily RSI is trading near historic lows along with the MACD continuing to diverge to the downside.

Some support will be anticipated around $4000 to $4200. The bounce which was seen in price met resistance around $4600. $4600 was anticipated to be a key support point while price action was depreciating, but the strength behind the drop resulted in it being an insignificant point.

$4600 was anticipated to be an important point due to significant trading activity taking place around here in 2017. Another point which significant trading activity took place was around $3000, and this would be the next key level to monitor if the price drops below $4000.

Bitcoin Hourly Chart – TradingView.com Key Takeaways: Price action has reacted more bullishly to yesterdays drop with a bounce occurring from lows. Momentum is still strongly on the side of sellers so traders should be aware of the possibility of a drop below $4000. The daily RSI is trading near historic lows, and the MACD continues to diverge to the downside. Key resistance point to monitor is $4600 and key support levels to monitor are between $4000 and $4200, and $3000 in the case of a drop below $4000.

Brief Respite from Bitcoins Bearish Price Movements was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Dropil (DROP) на Currencies.ru

$ 0 (+0.76%)
Объем 24H $0
Изменеия 24h: 5.17 %, 7d: 9.44 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0017234 (-100%)

bitcoin drop price bitcoins follow respite movements

Источник: blokt.com

bitcoin drop → Результатов: 126


Breaking Down the Effect of Bitcoin’s $3,000 Drop on the Futures Market

Bitcoin has undergone a strong drop since peaking at $19,500 just days ago The coin currently trades at $17,000 as of this article’s writing Analysis compiled by Coinalyze found that over the course of the past few days, $1 billion worth of open interest has been wiped from leading Bitcoin futures exchanges This was accompanied How the Strong Bitcoin Drop Affected the Futures Market For BTC Bitcoin has undergone a strong drop since peaking at […]

2020-11-28 04:24


Analysts Expect Bitcoin to Drop Towards $7,300 After Failing to Stabilize Above $8,000

Bitcoin and the entire crypto markets incurred some volatility over the weekend that allowed BTC to climb to highs of nearly $8,300 yesterday before quickly reeling back down to below $8,000. Today’s drop further confirms that Bitcoin isn’t quite ready to stabilize within the $8,000 region and may signal that a further pullback to $7,300.

2019-5-21 03:00


Bitcoin [BTC] Continues to Trade in Range Since Monday’s Drop

Since Mondays 3% drop, Bitcoin has started to trade in a range once again. Prior to Monday’s drop, Bitcoin traded a tight range for around two weeks with low amounts of trading volume. The trading volume over the past two days have also been low and current price action is looking very similar to the […] Bitcoin [BTC] Continues to Trade in Range Since Monday’s Drop was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-31 17:24


Фото:

Stern Professor Says Bitcoin Will Hit Zero After 70 Percent Drop, Illogical Argument

Nouriel Roubini, a Stern School professor and prominent economist, has criticized the major correction of Bitcoin and the rest of the crypto market, claiming that Bitcoin will drop to zero. Tales From Crypt-Apocalypse: Bitcoin has lost 70% from the peak; Ethereum 85%; other Top 10 crypto-currencies about 90%; the remaining crypto-zombie-currencies between 95% & 99% of […] The post Stern Professor Says Bitcoin Will Hit Zero After 70 Percent Drop, Illogical Argument appeared first on CryptoSlate.

2018-9-11 08:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.