Bitcoin Price At The Final Slump?
Bitcoin price continues slumping as the smaller timeframe chart indicators continue to swing wildly. The chart signals are mixed. The 1hr chart’s indicators have become meaningless as the range of price narrows during apparent ongoing consolidation. The 1hr chart is, therefore, not anything to go by. At the 4hr timeframe (above) we’ve just had a series of five advancing waves fall away from yesterday’s high. Price is still below the 4hr 200MA (at the red arrow) and the 4hr stochastics (top, blue circle) are falling away from their maximum. A low will, conceivably, only be struck when the....
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Bitcoin price is pushing higher once again but the market is struggling to make a new high since last week. Could this be the final push to resistance? The exchanges saw a bout of increased buying between 12h00 and 15h00 UTC when the bulls pulled price out of its ongoing two-day slump. At the time of writing the push has not produced a new high (since last week) in any of the exchange charts – with the exception of a nominal new high in the BTCC chart. The upside level to conquer is at $470 (Bitstamp) and 3000 CNY, shown in red in the 1-hour chart. Establishing trade above this long-term....
Litecoin is experiencing its biggest price slump ever. When the altcoin went mainstream, litecoin closely followed bitcoin's sometimes extreme price swings, peaking at $40 in late 2013, soon after bitcoin passed the $1,000 mark. However, in less than two months, litecoin has lost that close relationship with its golden sibling, prompting community members and some industry leaders to question litecoin's viability. Barry Silbert, Founder and CEO of SecondMarket, recently posted the following tweet raising the issue: Litecoin price appears to be decoupling from bitcoin. Money rotating out of....
Bitcoin price remains nearly 10% below recent highs, as the major cryptocurrency continues its slump after early last week’s sell off. Since hitting a new all-time high of $61k, BTC has continued to face downward pressure, hovering around the $54,000 price level. The past week’s volatility has resulted in bulls losing nearly $2.6 billion in liquidations, according to ByBt. Understanding Bitcoin’s Recent Price Action There were two major catalysts that led to last week’s sizable […]
Update: Today’s price low has been corrected from the earlier reported $887 to $885.41. After months of a sustained bullish rally, bitcoin price has swung to a significant slump, hitting a low of $885.41 on the Bitstamp Price Index (BPI) today. The dramatic drop comes within a day of bitcoin inching close to its all-time high. The first signs of a collapse began at 09:00 (UTC), when bitcoin was trading at $1,134.78. A thirty-minute trading period saw price fall quickly toward $1,068.84 before rebounding above the $1,100 mark an hour later. Come midday, things took a turn further south as....
DarkNote Price Key Highlights. DarkNote price continued to trade lower and broke the last low of 0.000000792BTC. The price tested 0.00000075BTC, which was our final target of the sell trade, as highlighted in yesterday's post. A pullback is possible as sellers look exhausted and 0.00000075BTC represents a major support area. DarkNote price continued to decline, traded close to the final sell target and might correct higher moving ahead. Recovery likely? The DarkNote price traded further lower intraday, and moved towards our final sell target of 0.00000075BTC. The price even moved below the....