Technical Signals Save Bitcoin From a Brutal Dip; What’s Ahead?
Bitcoin bulls were in for a shock this Thursday as the flagship cryptocurrency "crashed" from $57,209 to as low as $50,305.
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Litecoin is cleared for takeoff after a brutal downtrend against Bitcoin and the dollar. Could the cryptocurrency known as digital silver be the next altcoin to pop like Ethereum, Dogecoin, and the rest of the pack? Here’s a closer look at the technical signals suggesting a change in the tides is here – a reversal […]
Ripple Labs’ native cryptocurrency XRP experienced a brutal sell-off on Monday after its price rallied to a multi-year high. The XRP/USD exchange rate reached $0.79 for the first time since April 2018, after rising four weeks in a row by almost 230 percent. Nevertheless, the pair failed to attract fresh upside bids near its latest […]
Bitcoin has undergone a strong 25% rally over the past two weeks. The coin currently trades for $13,700. Analysts think that the cryptocurrency may undergo a retracement in the near term. Cole Garner shared the chart below recently. It shows that Bitcoin is now flashing technical signals last seen prior to the August high. The signal that seems poised to form was also spotted at the highs of February, prior to the brutal March breakdown. […]
Bitcoin and Crypto Markets Continue Their Slide…But Why?!Litecoin is trading more than 40% lower than pre-halving local highs. But according to an ominous-sounding technical analysis signal, LTC could have a lot more decline ahead. Litecoin Triggers Death Cross After Halving Rally Failure This month, the Litecoin block reward halving came and went, leading to very […]
Bitcoin price looks poised for more gains but upcoming market events could spur profit-taking ahead of the weekend. Bitcoin Price Key Highlights. Bitcoin price continues to push higher after signaling strong upside momentum. Price is testing the key resistance area around $1000 but has formed a bullish continuation pattern. Technical indicators are showing mixed signals but market catalysts suggest that profit-taking is possible. Technical Indicators Signals. The 100 SMA is above the longer-term 200 SMA on the short-term time frames so the path of least resistance is to the upside. On the....