Bitcoin Price Cracks $80K Support—Is a Deeper Correction Coming?
Bitcoin price started a fresh decline from the $90,000 zone. BTC is back below $82,500 and might continue to move down below $78,000. Bitcoin started a fresh decline below the $82,000 zone. The price is trading below $80,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $82,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to clear the $82,000 resistance zone. Bitcoin Price Faces Hurdles Bitcoin price started a fresh decline below the $85,000 level. BTC traded below....
Related News
Bitcoin price in a flash is now well below $40,000, reaching as low as $30,000 this morning during the chaos. The selloff is the worst since Black Thursday last year at the onset of the pandemic, but things could still go a lot deeper. Here’s what data says about assets – even cryptocurrencies – when […]
The second week of the Alt-cracks is a little late in coming, but as dozens of developers of dozens of coins tell their communities when features miss their target release date: better late than never. Darkcoin Exploit Discovered. Today, we have problems arising after Darkcoin's Darksend went open source, Charlie Lee dropping big hints about Litecoin, Unobtaium celebrates its birthday and a few releases and NXT is prepping for a big October. Darkcoin has been in the news a lot recently. First there was the price crash, then the price jump as it went open source. Now, we are seeing the....
As alerted in an update following publication of yesterday's analysis, bearish pressure has pulled the Bitcoin price into a deeper correction. The advance is on hold pending ongoing price correction. Most markets including Gold and equities are engaged in sudden counter-trend price movement - a condition that seems temporary. Note: a new BitFinex Bitcoin price chart and trade metrics are now available via CCN. Global Economy. Bitcoin Price Correction. Summary. Comments. Global Economy. Many strong reversals are evident across the board in the past 48 hours. The Gold price dropped to $1,227....
Today we are starting a new feature, The Alt-Cracks. With a near endless stream of altcoins on the market, altcoin related stories are similarly endless. The Alt-Cracks, and yes, we realize the name is a little funny, will be an attempt to pick up all the stories in the altcoin space that either didn't necessitate their own story or for another reason, fell through the cracks. By no means is it intended as a comprehensive list. The altcoin space is endless. We will miss some stories, and we welcome any leads by altcoin devs, community leaders or users. Likewise, stories covered in their....
The price of Bitcoin may be due for a deeper correction as the upward momentum is showing weakness. The price of Bitcoin (BTC) has been seeing a massive run in recent months as it surged by almost 100% from $10,000 to $19,800. However, the all-time high region at $20,000 has been showing significant resistance, causing the price to drop several times including today as BTC has now fall below $19,000 on Dec. 4.The chances of a correction have been slowly increasing amid diminishing volume in recent days. Multiple arguments can be made for a deeper correction, which wouldn’t necessarily be....