Bitcoin Just Closed Beneath This Key Level and It Isn’t Good for Bulls

2020-1-21 04:00

Bitcoin has had a rocky past few days, surging to highs of $9,200 this past Saturday before meeting insurmountable resistance that has sparked a short-term downtrend. This downtrend has led BTC into the mid-$8,000 region, but the losses may not end here.

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past downtrend bitcoin led short-term meeting insurmountable

Источник: newsbtc.com

past downtrend → Результатов: 76


Analyst: Bitcoin stock to flow model could signal that $10,000+ BTC is imminent

Bitcoin has been caught in the throes of a strong and enduring downtrend over the past several weeks, which was first sparked when the crypto failed to stabilize above $10,000 in late October. This downtrend, however, may soon draw to a close, as one pricing model suggests that Bitcoin could be on the cusp of […] The post Analyst: Bitcoin stock to flow model could signal that $10,000+ BTC is imminent appeared first on CryptoSlate.

2019-11-28 06:00


BTC Surprises Analysts in an Interesting Market Correction as Short Term Bull Run Surfaces

Yesterday’s market update suggested a continuous dip in line with analysts affirmation that Bitcoin may retest prior support levels after crawling back down below the $10,000 mark. The possibility of Bitcoin taking a downtrend to as low as $8,000 and below was not blind speculation as the past few weeks have shown that the bears […] The post BTC Surprises Analysts in an Interesting Market Correction as Short Term Bull Run Surfaces appeared first on ZyCrypto.

2019-7-27 10:58


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Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread

After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:Figure 1: BTC-USD, Daily Candles, Broken SupportAlthough the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December.

2019-1-29 02:01


Bitcoin (BTC) Retests $4,000 In Slightly Green Crypto Market

Crypto Market Experiences Green Week For Once Finally, after a multi-month downtrend, the crypto market at large breathed a sigh of relief over the past days. In one week, Bitcoin (BTC) has found legs to run on, moving from a year-to-date low at ~$3,150 to a multi-week high of ~$4,225 on the back of an […] The post Bitcoin (BTC) Retests $4,000 In Slightly Green Crypto Market appeared first on Ethereum World News.

2018-12-23 03:45


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Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move.

2018-12-12 01:52


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