Bitcoin’s Price Faces Bleak Outlook as Selling Pressure from Miners Surge

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Here’s the Bitcoin Price that “All the Key Levels” are Currently Pointing To

Bitcoin and the aggregated cryptocurrency market are currently pushing higher, with bulls moving to erase all of the losses that came about as a result of the recent selloff The selling pressure seen around its all-time highs in the mid-$19,000 region was unsurprising, but it may not hold strong during the next test of this level Traders believe that today’s rebound may not last for too much longer, with the selling pressure in the lower-$18,000 […]

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Ethereum’s Near-Term Fate May Rely on This One Surprising News Event

Ethereum’s mid-term outlook has been foggy over the past few days and weeks, with buyers and sellers being unable to gain control of its trend The cryptocurrency is still trading squarely between $340 and $350, with it facing some heightened selling pressure earlier on in the day This selling pressure caused it to dip from highs of $355 to lows of $345 It remains unclear as to what may have caused this to occur One […]

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Analysts Set Their Sights on a Move to $9,600 as Selling Pressure Mounts

Bitcoin has been facing unusually strong selling pressure throughout the past few hours, which appears to be coming from multiple large mining pools This caused the price of BTC to crater, dropping as low as $10,700 before finding some support that allowed it to climb significantly higher One analyst is now noting that this latest decline struck a blow to its technical outlook, leading him to set his sights at $9,600 A decline to these […]

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Bitcoin Buyers Absorb a Massive Influx of Selling Pressure; Bullish Continuation Inbound?

Bitcoin was able to incur some steady upwards momentum yesterday, which allowed its price to rapidly climb up to its 2020 highs of $9,200 before it faced some strong selling pressure that led it to...

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Don’t Be Fooled: Crypto Markets Still Likely to See Intense Pullback

The crypto markets incurred a notable uptrend today that was catalyzed by Bitcoin’s rise to highs of nearly $9,000 before it incurred a slight influx of selling pressure that caused BTC to dip slightly lower.

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This “Launchpad” Could Send Bitcoin on a Massive Parabolic Rally

Bitcoin has been able to incur some tempered gains today as buyers attempt to propel BTC back up to its local highs at $9,200. This momentum came about after a brief bout of intense selling pressure that led the crypto to as low as $8,200.

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UTXO analysis reveals 4M BTC hasn’t moved since 2015

The latest IntoTheBlock research found that unspent transaction outputs (UTXOs) are a fantastic indicator of a coin’s buying/selling pressure. Diving deeper into Bitcoin‘s UTXOs revealed that almost 4 million coins have been held for over 5 years, showing that even the most violent price swings didn’t force most investors to run.

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Bitcoin bulls defend against massive selling pressure; how long will they sustain?

Bitcoin’s recent sell-off was further perpetuated by bears last night when they garnered enough strength to push BTC back down to its key short-term support level that currently exists at $8,500. The cryptocurrency’s bulls have been able to defend this level over the past 24-hours and have begun to gain some upwards momentum as they […] The post Bitcoin bulls defend against massive selling pressure; how long will they sustain? appeared first on CryptoSlate.

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No, Chinese New Year Won’t Trigger a Bitcoin Pullback: Historical Data Shows

Chinese New Year is just around the corner and people are once again debating its possible impact on Bitcoin price. A popular theory is Chinese investors cash out holdings before the holiday, creating additional selling pressure in the market.

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Massive $100m Bitcoin Selling Pressure: Here Are Levels to Watch After the Violent Drop

Overnight Bitcoin (BTC) faced a violent rejection that caused its price to plummet to the lower boundary of an ascending channel it has established over the past several weeks. This rejection has shifted the overall market sentiment and has led many previously euphoric bulls to grow increasingly bearish.

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This Single Factor Suggests Bitcoin’s 2020 Rally is Far From Over

Bitcoin has been holding steady around the $8,700 region after facing an influx of selling pressure that forced it to lose its previously held position within the $8,800 region. Data suggests that this selling pressure was quite massive, despite BTC only seeing slight losses.

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$8,900: Bitcoin Eyes Major Rebound as Bullish Confluence Grows

Bitcoin (BTC) has been caught within the throes of volatility over the past several days and weeks, with this turbulent price action leading the cryptocurrency to surge as high as $8,300 yesterday before incurring a significant amount of selling pressure that briefly pushed it below its key support at $8,000.

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There’s a CME Gap at $11,855 For Bitcoin, And It Could Trigger a 47% Rally

Bitcoin’s bulls have fought back against intense selling pressure that the cryptocurrency has faced over the past 12 hours, which previously led some analysts to believe that BTC was poised for a major drop back into the lower-$7,000 region.

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Crypto Market on the Cusp of Massive Rally, This Indicator Shows

Bitcoin’s strong bounce at its key near-term support level at $7,700 has provided relief to the aggregated crypto market from yesterday’s immense selling pressure, allowing multiple major altcoins to push up against or break above their key near-term resistance levels.

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Ethereum’s Rejection Could Spark a Massive Selloff; What Factors Should We Consider?

Ethereum’s recent uptrend reached a boiling point yesterday when the cryptocurrency rallied to highs of $148, which is the level at which ETH met significant selling pressure that led to a strong and swift rejection.

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Bitcoin Surging 575% By 2021 Sound Bizarre? This Industry Executive Begs to Differ

Bitcoin (BTC) is off to a great start to 2020, surging over 5% over the past 24-hours after facing some strong selling pressure yesterday. This positive start to the new year comes after the crypto posted a nearly 100% climb in 2019, making it one of the world’s best performing assets last year.

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Four Signals Suggesting Bitcoin Price On Verge of Bull Trend

The past few months haven’t been too kind to Bitcoin. Case in point, since peaking at $14,000 this June, the cryptocurrency has fallen by 50%, tumbling as low as $6,400 due to selling pressure from PlusToken and weak hands.

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As major selling pressure for Bitcoin is absorbed, does it mean a relief rally is near?

According to analysts, selling pressure across major spot exchanges like Coinbase and Binance is getting absorbed. Technical analysts have become increasingly optimistic as Bitcoin may be showing a bottom.

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This Key Trend Shows the Real Bitcoin Bottom May Be In

Bitcoin’s price has been stuck within a firm and unwavering trading range within the lower-$7,000 region over the past week, with each attempt to rally being quickly rejected by aggressive selling pressure that has led BTC to remain stuck around its current price levels.

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Five Reasons Why Bitcoin Price is Bullish Heading Into 2020

The past few months haven’t been too kind to Bitcoin. Case in point, since peaking at $14,000 this June, the cryptocurrency has fallen by 50%, tumbling as low as $6,400 due to selling pressure from PlusToken and weak hands.

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Will Ethereum Ever Recover? $100M Selling Pressure Still Haunts Markets

Ethereum’s price action has been firmly tracking that of Bitcoin’s in recent times, although it has not been able to put as much distance between its recent lows as BTC has. ETH’s bearishness against BTC has come about as investors grow increasingly concerned about the hundreds of thousands of tokens currently held by a ring.

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Here’s Why Bitcoin May Surge to $8,400 Despite Perceivable Weakness

Bitcoin’s massive upwards momentum that was first incurred when BTC bounced from its recently established lows of $6,400 has begun showing signs of faltering, as buyers have been unable to maintain the momentum as bears ramp up the selling pressure.

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Beware: Hidden Bear Divergence Could Spell Trouble for Bitcoin

Bitcoin’s buyers have been ardently defending the cryptocurrency’s newfound position within the $7,000 region, as it appears that selling pressure has been ramping up in the time following BTC’s surge from lows of $6,400.

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Biggest Ponzi Scheme PlusToken Moves $105 Million Worth of Ethereum

The biggest $3 billion Chinese-Ponzi scheme PlusToken might be the reason behind the 50% drop in Bitcoin price from its 2019 high of $13,900. But now, the Ponzi could put selling pressure on Ethereum as well.

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Major Cryptos see Pressure Mount as PlusToken Ponzi Unwinds Holdings

It was only after continuous selling pressure suppressed the price of Bitcoin, Ethereum, and a few other major altcoins that people realized a couple of major Ponzi schemes from 2019 might be unloading their bags into the market.

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Prominent Trader: Intense Bitcoin Bear Market Will Continue Unless This Happens

Bitcoin’s bulls have continued to hold Bitcoin’s price above its key near-term support level at $7,000 and defended this level from some heightened selling pressure yesterday that came about just prior to BTC’s weekly close.

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Ethereum Could See 16% Jump as Bottom Forms, Fundamentals Strong

As Bitcoin has stalled, so too has the second-largest cryptocurrency, Ethereum (ETH). The popular altcoin has collapsed by some 50% from the year-to-date peak seen earlier this year just like Bitcoin, being crushed under the weight of a copious amount of PlusToken reserve liquidations and other sources of selling pressure hurting bulls.

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Bitcoin Poised to Collapse Under $5,000? Market Cycle Fractal Suggests So

Over the past few weeks, Bitcoin (BTC) has found itself consolidating in the low-$7,000s, holding this key support region as bears threaten the cryptocurrency’s demise. While this consolidation has been bullish, in that selling pressure has abated for weeks, setting the stage for a bullish reversal, a market cycle analysis by a popular crypto trader.

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Ethereum Price Analysis: Coming Down

Ethereum has a bearish short-term and medium-term trading outlook The four-hour time frame shows that an inverted head and shoulders pattern has been invalidated The daily time frame continues to show a bearish pattern playing out to the downside   Ethereum is coming under increasing technical selling pressure below the $150.

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Litecoin Price Analysis: In Decline

Litecoin has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a bearish head and shoulders pattern remains in play The daily time frame continues to show a bullish reversal pattern taking shape   Litecoin is coming under increasing technical selling pressure below the $45.

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Moonshot Bitcoin Price Trigger Needs Halving and 2020 Global Recession

Bitcoin has succumbed to selling pressure as of late. However, many analysts… The post Moonshot Bitcoin Price Trigger Needs Halving and 2020 Global Recession appeared first on CCN.com

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Why Bloomberg Analysts Expect Bitcoin Price to Rally Past $10,000

Bitcoin didn’t have the best second half of 2019, plunging from a year-to-date high of $14,000 in June to $7,400, where it sits as of the time of writing this. At its lows, the cryptocurrency fell as low as $6,600, languishing as BTC buyers failed to step in amid selling pressure seemingly catalyzed by Chinese.

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Analyst: Ethereum May Target $120 Next, and History May Support This

Ethereum (ETH) has been incurring significant selling pressure over the past couple of weeks, mirroring the bearish price action that Bitcoin has been facing in the time since it plummeted from its recent highs of $10,600.

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Bitcoin (BTC) Selling Pressure Stays Intact, Investors Put Hope in Anticipated Halving

Coinspeaker Bitcoin (BTC) Selling Pressure Stays Intact, Investors Put Hope in Anticipated HalvingBitcoin price is below support levels of $8,340 and $8,200 versus the USD. The price is close to the $8,000 key support zone, where bulls could take a shot.

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Crypto Market And Bitcoin Might Decline Further: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is following a bearish pattern below the $230. 0B level. Bitcoin price is facing an increase in selling pressure below $8,600 and $8,500. EOS price is currently struggling to stay above the key $3.

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Data shows retail interest in Bitcoin plateauing as BTC price stagnates

Bitcoin has been facing steep selling pressure over the past 24-hours that has marked an extension of that which was first incurred when it broke below $9,000 earlier this month — a previous support level that BTC bulls had been ardently defending.

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Ethereum Touches Freshly Formed Resistance Level as Analysts Eye Further Downside

Ethereum’s price action has been closely mirroring that of Bitcoin’s in recent times, which has made it prone to seeing heightened levels of selling pressure in spite of ETH’s multiple recent attempts to break above its long-established resistance level at $190.

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Bitcoin May Soon Face Major Bull Movement, if History Rhymes

Bitcoin’s recent bout of intense selling pressure has slowed as the crypto finds some support within the lower-$8,000 region, which appears to be holding strong as its price has been able to slowly inch higher in the time since BTC touched its near-term support level.

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Bitcoin Hovers Near Price Support as Long-Term Bear Cross Looms

Bitcoin may soon face selling pressure, courtesy of an impending bear cross. Longer term, though, the picture may be less gloomy for the bulls.

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Why Litecoin May Soon Post Major Gains Despite Current Bearishness

Litecoin (LTC) has been facing an ongoing influx of selling pressure ever since its mining rewards halving that occurred this past-summer, which sparked a deep-cutting sell-off in spite of the fact that many investors and analysts had believed it to be a bullish event.

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Analyst: Ethereum Still on Track for Move to $260 as Network Activity Spikes

Ethereum has been closely tracking Bitcoin’s price action over the past several days and weeks, and this correlation has persisted when ETH dropped overnight as BTC was met with significant selling pressure within the lower-$9,000 region, which subsequently sent it reeling down to $8,700.

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Key Technical Indicator Signals Bitcoin May Soon Revisit $7,300

Bitcoin’s price has been able to stabilize after incurring a significant influx of selling pressure yesterday that sent it plummeting below its previous range lows at $9,000, and it appears that bulls have formed $8,800 as a level of support that could bolster BTC’s price in the near-term.

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Ripple Price Analysis: XRP/USD Nosedives Below Key Support

Ripple price started a nasty decline from the $0. 3148 swing high. XRP to USD is currently retreating from $0. 2739, but it is likely to face an increase in selling pressure. Key Takeaways: XRP/USD Ripple price is facing a lot of hurdles on the upside near $0.

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Bitcoin (BTC), Bitcoin Cash (BCH) and Litecoin (LTC) Price Prediction And Analysis: Will The Bullishness Continue?

Bitcoin Price Analysis (BTC/USD) The price of BTC/USD pair has shown a positive sign starting from 12:00 to 21:00, where it jumped from $9271. 17 to an intraday high of $9586. 50 that indicated intense buying pressure.

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Ripple (XRP) Price Set For Downside Thrust Before Higher

Ripple price is facing an increase in selling pressure below the $0. 2980 resistance against the US dollar. The price is likely to decline below the $0. 2880 support before it could start a fresh increase.

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Prominent Bitcoin “Permabull” Claims BTC May Soon Dip Below $7,000

Bitcoin (BTC) and the aggregated crypto market has incurred a notable influx of selling pressure over the past 24-hours that has caused significant technical damage to many of the cryptocurrencies, with multiple prominent analysts claiming that this latest drop has opened the gates for further losses.

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Litecoin set to breach descending channel amid high selling pressure

Litecoin‘s price hasn’t seen any signs of revival since July, and the block reward halving in August did not help its cause either. The altcoin was trading at $49. 92, at press time, having fallen by a minute 0.

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Crypto Markets Turn Red Once Again, Bitcoin Price Hovers Under $8K

Bitcoin is trading below $8,000 and suffering from more downward selling pressure

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