Could Bitcoin Price See a Fall?

Could Bitcoin Price See a Fall?

The relatively slight downward pressure in Bitcoin the last few days strikes me as portending a likely fall in the next week or two. Likely to the area of the support found at ~ 541 a number of weeks ago. I say this because as you can see, price has broken below the 1.618 extension of the pitchfork, as seen above. And… As you can see, it appears that resistance from the Gann 2×1 angle is stronger than the arc support at this point in time. The 2×1 has not been broken but 4th arc support has been broken. If – as seems likely – price breaks below the 4th arc pair in the next day or two, then....


Related News

Ethereum Price Analysis: July 4 - July 11

Ethereum price is continuing to fall. It is currently traded at the long-term correction peak. Is there a way for the price to go up? USDTETH. Fall in demand. The fact that Ethereum price could settle at $300 just confirms the upward trend is weak. This mark is important for growth since it was the point of the biggest offer. It wasn’t able to uphold, so obviously the supply surpassed the demand. But at the moment, the fall in demand seems to be temporary. Sharp upward impulses after sharp fall only prove that. According to Vitalik Buterin, the Ethereum network development influences the....

Measured Against Bitcoin, Everything Will Fall In Price Forever

As the Bitcoin network replaces our current financial system and becomes the unit of account for the world, everything else will fall in price indefinitely.

Is Brexit Behind Bitcoin’s $100 Fall?

One of the reasons behind the fall of Bitcoin price is said to be the upcoming referendum to decide upon Britain's exit from the European Union. After an impressive rally, Bitcoin is now appearing to be losing its bullish sheen, with its price dipping from $750 to $600 within the matter of few days. At the same time, there are different theories that are going around in parallel, explaining the cause for such a drastic fall. One of the reasons behind the fall of Bitcoin price is said to be the upcoming referendum to decide upon Britain’s exit from the European Union – popularly known as....

Is the Bitcoin Price Crashing Again?

The Bitcoin price is continuously on the move. Last week it looked like we were about to experience a new bull race. Unfortunately for many Bitcoin investors, that does not look like to be the case. The Bitcoin price peaked November 13th at 453 USD per Bitcoin, before it dropped to 369 USD per Bitcoin. Since then it bounced back up to 415 USD and is now on a free fall down to 355 USD per Bitcoin. The question is now, what will happen to the Bitcoin price in the coming days? Will it continue to fall to 330 - 300 USD per Bitcoin, will it stabilize itself, or is this just a bear trap? What do....

Daily Altcoin Price Analysis: The Moment of Truth

Do altcoin cryptocurrencies await the performance of Bitcoin? Will Bitcoin fall from the $450 ceiling or push on to levels of $500 and more? Litecoin once again stood at $3.80, and is expected to roughly track Bitcoin’s rise and fall. Previously LTC:BTC had fallen to 0.079, having jumped sharply from 0.084. Now LTC:BTC is at 0.082 and continues to trend down. DASH loses 7% a day against the growth of the Bitcoin price, and goes under the level of 0.06. Bitcoin price growth continuation will lead DASH to fall to a level of 0.05 exchange rate and below, while long-awaited Bitcoin correction....