Bitcoin Price Faces Pressure: Technicals Signal Another Decline Ahead

XRP price started a fresh decline below the $2.920 zone. The price is now showing bearish signs and might decline again below the $2.80 zone. XRP price is moving lower below the $2.920 support zone. The price is now trading below $2.90 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2.920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.80. XRP Price Declines Sharply XRP price failed to extend gains above $3.120 and started a fresh decline, like Bitcoin and....

Polygon (MATIC) has been treading in the water for much of September, caught in a tight range that reflects the uncertainty gripping the cryptocurrency market. As the altcoin hovers around the $0.50 mark, traders are closely eyeing a significant technical indicator that could spell trouble for its price trajectory. The altcoin’s price, currently at $0.508295 according to CoinGecko, has shown signs of weakness, with a 2.4% decline in the past 24 hours and a 7.3% dip over the past week.  However, the real concern for MATIC investors lies in the potential reversal from the down-sloping....

Bitcoin price declined today without printing a new low. It may only be the first wave of decline towards a Classic(TM) induced low but, ultimately, we know that Core development has a mid-year block-reward halving rally in store. A lazy sell signal in the 15min BTCC chart (not shown) and what looks like a five wave decline in the 1hr chart (above). Although there is no 1hr MA sell signal (and still some time to pass before one will develop), notice, in the 1hr chart, the similarity between the current declining wave and a similar decline from a high in the top left of the 1hr chart.....

Bitcoin is struggling to recover above the $38,400 resistance zone against the US Dollar. BTC could resume decline if it stays below the $38,500 level. Bitcoin is currently facing resistance near the $38,400 and $38,500 levels. The price is trading below $38,500 and the 100 hourly simple moving average. There is a crucial bearish trend line forming with resistance near $38,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if there is no clear move above $38,500. Bitcoin Price Faces Hurdle Bitcoin price found support near the $36,350....

Since Bitcoin’s price began to drop after its recent surge to a new all-time high on December 17, several key metrics have been demonstrating bearish movement, sparking uncertainty about BTC’s prospects in the short term. A persistent decline in crucial metrics might lead to a larger drop in BTC’s price to previous support levels. Coinbase […]