Bitcoin Price Cynicism Pulling Us Down
Bitcoin price is under the control of the bears. Cynical sellers are pulling us lower according to their sense of Bitcoin’s value. Bitcoin Core is 100% censorship resistant and will never go away. A drop lower closes the 1/4 size position Buy trade at $380 (Bitstamp). The drop is interesting because it did not achieve a new low – well, that may still follow later – and price has halted at a longterm supporting Fib trendline. If price can maintain position here, we may see a surprise reversal to the upside, as happened in September last year. In this scenario we need to wait for price to....
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Bitcoin price has failed to maintain advance after putting in a strong surge two days ago. While this does not yet look like a return to decline, price may correct deeply before returning to the upside. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29. Bitcoin Price Analysis. Time of analysis: 15h00 UTC. OKCoin 3Mth 1-Hour Chart. From the analysis pages of xbt.social, earlier today: Our xbt.social Buy trade was closed at 00h00 UTC by price pulling below the 1-hour 20MA, by more....
The ongoing hype about the abnormally high returns from Defi tokens has naturally seen many more investors moving funds to decentralized protocols. As of October 10, total value locked in Defi protocols was nearly $11 billion. However, despite this apparent endorsement of Defi, rug pulling incidents and outright scams now seem to be blighting this space. News.bitcoin.com has been reporting on the growing popularity of Defi protocols as well as exposing the fact that some devs and founders wilfully engage in practices that harm interests of the burgeoning Defi community. SBF’s Actions....
Bitcoin price is pulling back from its recent breakout but the nearby inflection points could hold as support. Bitcoin Price Key Highlights. Bitcoin price recently made an upside break from its bullish continuation pattern, signaling that buyers are ready for more gains. Price seems to be pulling back to the broken short-term resistance before regaining momentum. There are plenty of support levels located nearby and these might be enough to keep the uptrend intact. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA so the path of least resistance is to the upside....
Bitcoin price has been pulling up recently but is still under heavy selling pressure, especially once this correction is completed. Bitcoin Price Key Highlights. Bitcoin price is pulling up from its recent selloff after breaking below a rising trend line visible on the 4-hour chart. Price could be due for a retest of the broken support area before resuming its drop, possibly creating a head and shoulders pattern. A break below this formation’s neckline around $880-900 could serve as a stronger signal for a downtrend. Technical Indicators Signals. The 100 SMA is safely below the longer-term....
Crypto agnostic Jamie Dimon reiterates his cynicism towards the nascent investment class, warning investors to “stay away from it.” However, the JP Morgan boss has no qualms about selling it to clients. In what is a love-hate relationship with cryptocurrency, Dimon, once again, sounds the alarm on cryptocurrency. But based on his willingness to offer […]