Bitcoin Price Slides From Peak Levels—Is a Bigger Correction on Deck?
Bitcoin price failed to continue higher above $94,000. BTC is now gaining bearish pace and might decline further below $89,500. Bitcoin started a downside correction from the $94,500 zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There was a break below a bullish trend line with support at $91,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $89,500 zone. Bitcoin Price Dips Again Bitcoin price failed to gain strength for a move above the $94,000 and $94,500 levels. BTC....
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The hype around the Ethereum network had built up following the announcement that the Merge was scheduled to take place on September 15th if everything went according to plan. The price of ETH had seen a massive run-up off the back of the news, seeing it touch above $2,000, albeit briefly. However, as the weeks have passed, the hype around the Merge has begun to die down as people get used to it, causing the price of ETH to slide. ETH Slides To $1,500 After a tremendous 3-week run, the price of Ethereum seems to have reached a local peak. After reaching $2,000, the downward correction....
Bitcoin is currently consolidating in a tight range between two major historical price levels—the all-time high (ATH) of $112,000 and the previous cycle’s peak at $103,600, set back in December. Despite heightened global tensions, particularly the escalating conflict between Israel and Iran, Bitcoin has held firm above key demand zones, signaling strong bullish intent even […]
Ethereum is approaching the moment of the truth. The price has reached the most likely peak of the correction towards the downward movement which has started in June 2016. Ethereum. About two months ago, Ethereum price has reached its long-term key line near $5.8, which can be seen as the likely peak of the correction towards the long-term upward trend. At that moment, the continuation of that long-term upward trend became possible. Today, half of that scenario has already been fulfilled. Ethereum price is at a profitable zone for the bears. That is confirmed by a flat-like movement which....
Ethereum is down 7.5% in the past 24 hours as Bitcoin has begun to fall from its weekend peak. The leading cryptocurrency is currently under $600 for the first time in many days. Analysts fear a further correction is possible as Ethereum’s Stochastic relative strength index (RSI) has formed a near-term peak. Key Ethereum Indicator Reaches a Peak Ethereum is down 7.5% in the past 24 hours as Bitcoin has begun to fall from its […]
XRP price fails to sustain momentum and slides below $0.50 despite BTC recovering above $19,000. XRP is another cryptocurrency that has been doing well alongside Bitcoin (BTC) in the past few months. However, its price has been slumping lately, dropping below $0.50 on Dec. 14, or down nearly 15% over the past two days. On higher time frames, the price of XRP broke upward from $0.20 in the summer, reaching a temporary top at $0.80 a few months later, a rally of close to 300%, making it one of the biggest moves this year.There were several reasons for the massive breakout. One of them was....