Is Bitcoin (BTC) crashing to $20,000 as this pattern suggests?

2021-6-1 21:41

Some financial analysts are predicting a further bearish movement for Bitcoin (BTC/USD). CNBC’s Melissa Lee was talking with Fast Money traders – Courtney Dominguez, Tim Seymour, Guy Adami, and Steve Grasso – about Bitcoin’s movement pattern.

According to Dominguez, Bitcoin’s price could still fall far lower than the present level because of some signs working against the cryptocurrency. She noted that most of the movement right now is trending based on speculation. She added that Bitcoin could do worse as more organizations start suspending Bitcoin payments for their goods and services, just like Tesla did.

More people may be willing to sell out their Bitcoin on the assumption it’s going to go lower. Dominguez stated that with more traders willing to sell their Bitcoin now than last year, it isn’t a good sign for the token.

Bitcoin to crash to $20,000

Financial analyst and stock market strategist Carter Worth has made an interesting prediction about the movement of Bitcoin. He says the present Bitcoin movement pattern suggests that the most valuable cryptocurrency may likely revisit the $20,000 level, which it hit as its all-time high in December 2017.

He says the stakes are high as opposed to a year ago because the money involved in the market is much bigger.

Bitcoin’s volatility and the rise of meme stocks

Another analyst Steve Grasso pointed out that the recent rise in meme stocks does not correlate with the fall of Bitcoin. He noted that although some investors are selling their Bitcoin to buy other stocks, the impact will not be felt much on meme-based stocks. Grasso agreed with Carter Worth when it comes to the price volatility of Bitcoin. He stated that people have become complacent with cryptocurrency and are just “letting money ride”.

The post Is Bitcoin (BTC) crashing to $20,000 as this pattern suggests? appeared first on Invezz.

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Источник: invezz.com

bitcoin movement → Результатов: 126

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Bitcoin's sideways movement hammers Futures market

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Bitcoin likely to see a sharp decline to $7,800

It has been more than 2 days of sideways movement for Bitcoin with little or no volatility. Usually, this type of movement is followed by a spike in volatility as well as the price. Fractals Often, The post Bitcoin likely to see a sharp decline to $7,800 appeared first on AMBCrypto.

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BitMEX Bitcoin longs worth $3.18 million liquidated in less than an hour

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Insane Valuation? This Analyst Believes XRP Can Hit $28 If It Follows Bitcoin’s Price Movement

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Bitcoin (BTC) Daily Price Forecast – January 30

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Bitcoin SV (BSV) Daily Price Forecast – January 24

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Bitcoin SV (BSV) Daily Price Forecast – January 21

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Bitcoin SV (BSV) Daily Price Forecast – January 17

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Bitcoin SV (BSV) Daily Price Forecast – January 16

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French ATM Glitches and Bank Closures Reported After Scheduled Bank Run

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2019-1-16 01:45
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Bitcoin [BTC]: Bullish Start to the Week for the Cryptocurrency Market Leader

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Bitcoin (BTC) Daily Price Forecast – January 15

BTC/USD Medium-term Trend: Bullish Resistance Levels: $6,800, $6,900, $7,000 Support levels: $3,600, $3,500, $3, 400 Yesterday, January 14, the price of Bitcoin was in the bullish trend zone. At the previous low of $3,500, the bulls made a bullish movement and broke the 12-day EMA and the 26-day EMA. The crypto’s price is trading above […]

2019-1-15 09:09	Price Analysis Charts
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Crypto Market Update: Bitcoin (BTC), Ethereum (ETH), and XRP (Ripple) Price Analysis

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2019-1-14 22:25	Ripple (XRP)
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Parisian Artist: $1,000 Bitcoin Yellow Vest Puzzle Solved

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2019-1-14 03:00
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Crypto Market Wrap: Minimal Movement on a Slow Sunday

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2019-1-13 11:00
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New Bitcoin Whales Movement Could cause even more Volatility than Usual

According to the analytics firm Flipside Crypto, there has been an uptrend in previously dormant Bitcoin wallets coming back to life. Dormant wallets are defined as wallets that are totally inactive for a period longer than 6 months.

2019-1-13 02:47	Whales
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Bitcoin (BTC) Long Term Price Forecast- January 12

BTC/USD Long-term Trend: Bearish Resistance levels: $7,200, $7,400, $7,600 Support levels: $3,600, $3,400, $3,200 The price of Bitcoin had been ranging above the $4,100 price level in the last ten days.

2019-1-12 06:40	Price Analysis Charts
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Buy Bitcoin! French Yellow Vests Start Bank Run

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2019-1-9 00:33
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Bitcoin Rises as Yellow Vests Call For a Run on the Banks

Nicolle Maxime, who some call a spokesperson for the yellow vests movement, has stated they are organizing a run on the banks. He said the yellow vest movement is backed... The post Bitcoin Rises as Yellow Vests Call For a Run on the Banks appeared first on Trustnodes.

2019-1-9 21:35	Politics
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Nevada Leads the Blockchain Movement in the US; Issues Digital Marriage and Birth Certificates

According to a report by AP News, published on January 7, 2019, Nevada has become one of the leading states in the US to encourage the use of blockchain technology for government administrative purposes.

2019-1-8 20:30
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Street Artist Hides $1,000 in BTC Inside a Mural Depicting Paris Protests

Over the last eight weeks, the world has watched the yellow vest protests in France as the grassroots political movement has fought for economic justice. On Sunday, the well known street artist Pascal Boyart (Pboy) revealed a mural that contains a solvable puzzle with 0.

2019-1-7 19:35
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Crypto Market Update: Litecoin Lifted on Lightning Network Milestone

FOMO Moments Crypto markets immobile on Sunday; Litecoin leading, Cardano recovering. There has been another slight pullback on crypto markets this Sunday as a range bound channel starts to form.

2019-1-6 11:00	LTC
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