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Here’s why Bitcoin (BTC) price is struggling this week as Ethereum (ETH) hits new highs

Bitcoin (BTC) price is trading about 3% lower this week as it faces mild selling pressure, following a strong push higher in recent weeks.  BTC price could decline 50% in the short run, says Guggenheim CIO Bitcoin price has corrected lower in the past two weeks as industry experts and analysts warn of an oversaturation […] The post Here’s why Bitcoin (BTC) price is struggling this week as Ethereum (ETH) hits new highs appeared first on Invezz. дальше »

2021-4-22 17:30


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Bitcoin “Annihilated” Its Key Support During Recent Decline; Here’s Where It Stands

Bitcoin has been facing some intense resistance throughout the past few days and weeks, which has been suppressing its growth and sparking multiple strong rejections The selling pressure found within the mid-to-upper $19,000 region has been quite intense, and may continue stunting its growth in the mid-term One trader believes that any continued near-term weakness will likely cause it to see significantly further downside in the mid-term This is because it is now trading just […] дальше »

2020-12-10 02:00


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Bitcoin “Double Top” Narrative Builds, Factors To Potentially Fear

Bitcoin price is in a precarious location. The asset set a new all-time high just days ago but is trading below the record and starting to decline. The shifting momentum is now presenting in technical indicators supplying bearish signals, adding to the double top narrative that’s been building since failing to break $20,000. Here are […] дальше »

2020-12-9 23:00


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Ethereum Could Target $850 Once It Breaks Key Resistance, Claims Analyst

Ethereum has flashed signs of immense strength despite a fleeting overnight selloff This recent decline came about in tandem with that seen by the rest of the crypto market Bitcoin plunged below $18,000 before posting a “V-shaped” recovery and rallying significantly higher This recovery also helped lead ETH higher, with the cryptocurrency rapidly navigating back up to where it has been trading throughout the past couple of days Its recent strength and unwavering uptrend indicate […] дальше »

2020-11-23 01:00


Here’s Why Ethereum’s Overnight Plunge May Help Clear a Path to $700

Ethereum was struck hard by the plunge seen yesterday evening by the aggregated crypto market After setting fresh 2020 highs of $495 alongside BTC’s push towards $19,000, the cryptocurrency saw a rapid and unrelenting plunge that sent it to lows of $450 on some trading platforms This 10% decline occurred over the course of a few minutes and sent shockwaves throughout the entire market It has since recovered from these lows and is now consolidating […] дальше »

2020-11-19 23:00


Analysts Watch Crucial Bitcoin Support as Altcoins Gain Momentum

Bitcoin has been inching lower throughout the past few days and weeks, with buyers and sellers both being unable to take control of its near-term trend This slight decline has come about following a period of immense strength and stability as it consolidated above $16,000 If it continues trading below this level, its recent $16,500 highs could mark a long-term top Where it trends next may depend on one key support level that an analyst […] дальше »

2020-11-15 01:00


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One of Bitcoin’s Bull-Scenarios Was Invalidated by Selloff; Factors to Consider

Bitcoin has been caught in the throes of immense volatility throughout the past few days, with the cryptocurrency being unable to form a sustainable trend This has led investors to question what could come next for BTC, as it is still caught within the long-held trading range between $10,000 and $11,000 That being said, the latest decline that sent the crypto reeling down from its $10,500 daily highs struck a blow to its technical outlook […] дальше »

2020-9-25 02:00


Here’s the Crucial Level Bitcoin Needs to Close Above to Kick Off Its Uptrend

Bitcoin’s price action has not been encouraging for bulls as of late Following a short-lived bout of trading above $11,000, the cryptocurrency ultimately faced a harsh rejection at $11,200 The decline from these highs has been intense, leading the cryptocurrency to slide down to lows of $10,400 that were revisited this morning BTC now appears to be caught within a trading range with a lower boundary at $10,400 and an upper boundary around $10,600 Traders […] дальше »

2020-9-24 02:00


‘Bullish Divergence’ for SNX; Nearly 80% of Synthetix’s Native Token is Locked as Collateral

Synthetix currently has about $600 million worth of crypto deposit locked, which is in decline since hitting the record $1 billion on Sept. 2nd, as per DeFi Pulse. One of the top DeFi protocols, Synthetix, is a synthetic asset issuance and trading protocol that tracks real-world assets like crypto, fiat, and stocks and uses Chainlink’s […] The post 'Bullish Divergence' for SNX; Nearly 80% of Synthetix’s Native Token is Locked as Collateral first appeared on BitcoinExchangeGuide. дальше »

2020-9-24 20:39


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Here’s the Crucial Level That May Spark Bitcoin’s Next Bloodbath Decline

Bitcoin has been caught in the throes of an intense bout of sideways trading for the past few weeks, with attempts to break above or below the upper-$11,000 region proving to be highly fleeting. Earlier this week, the benchmark cryptocurrency rallied as high as $12,400 before it lost its momentum, with its price subsequently plunging […] дальше »

2020-8-22 02:00


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Bitcoin Just Hit a Crucial Trendline; Analysts Expect Imminent Fireworks

Bitcoin and the rest of the crypto market has witnessed some bear-favoring volatility throughout the past few hours This came about following a day of relative stability yesterday, and it appears that Ethereum’s potent decline is creating headwinds for the rest of the market BTC is now trending down near a crucial support level that coincides with a key trendline Analysts believe that a continued bout of trading above this level could be all that […] дальше »

2020-8-22 21:00


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Bitcoin Short Positions Surge to 4 Month High as Bears Grow Aggressive

Bitcoin and the entire crypto market – with a few exceptions – is flashing signs of weakness at the present moment This has come as a result of the sharp decline seen last night, which sent BTC reeling below its key $12,000 support The benchmark crypto is now consolidating between $11,600 and $12,000 This is the same trading range that it was trading in before its recent break above $12,000 Analysts do believe that the […] дальше »

2020-8-20 02:00


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This Bearish Divergence Suggests Bitcoin Will Soon See a $1,300+ Pullback

Bitcoin and the aggregated crypto market are currently caught within the throes of a volatile trading session, with BTC plunging below its key $12,000 support level. The break below this crucial support caused it to plunge as low as $11,600, with bulls stepping up and guarding against a decline beneath this level. Analysts are now […] дальше »

2020-8-19 19:00


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Bitcoin Could Retrace to $9,000 if it Breaks Below This One Key Level

Bitcoin is now hovering within the mid-$11,000 region following the intense bout of selling pressure it witnessed yesterday The decline beneath $11,200 was quickly absorbed by bulls, although BTC remains in a somewhat precarious position One analyst is pointing to massive support just below where the crypto is currently trading as a bullish factor That being said, other traders are cautioning that BTC is getting closer to a key level that could lead the crypto […] дальше »

2020-8-13 02:00


Bitcoin Gains Independence From the Traditional Markets to Move in Line with Gold

Ever since last month, the one-month correlation between Bitcoin and S&P 500 has been on a constant decline, going from an all-time high of 78.8% on July 8th to now just at 26%. While the equities market is continuing on its upwards trend with a few retracements along the way, after trading sideways for close […] дальше »

2020-8-9 17:50


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Data Suggests Crypto Trading Volume Declined by Almost 50% in June 2020

Trading Volume on cryptocurrency exchanges suffered a massive decline in June 2020, with the spot trading volume being the worst hit.   Crypto Spot Trading Volume Shrank in June Amid DEX ATH According to figures published by cryptocurrency data analytics provider CryptoCompare, crypto exchanges saw a significant decline in trading volume in June. дальше »

2020-7-8 23:07


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Ethereum is Showing Early Signs of Macro Weakness; What to Watch For

Ethereum has been inching lower after breaking below the support level at the bottom of its long-held trading range This decline has come about despite Bitcoin showing some signs of stability within the lower-$9,000 region ETH is now trading at a crucial support level that buyers are attempting to defend, as a break below it could be dire Analysts are now noting that for the first time in a long time ETH is showing signs […] дальше »

2020-6-29 22:00


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The Last Time This Indicator Emerged, Bitcoin Dropped 50%. It’s Back

Bitcoin has shown some continued signs of weakness today due to its inability to garner any clear upwards momentum It is now hovering within the lower region of its long-held trading range, and it remains unclear as to just how long this support will last for Its latest decline lower has caused it to grow weak from a technical perspective One crucial indicator that has been bullish throughout the past several months just flipped bearish […] дальше »

2020-6-27 21:00