Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K
Bitcoin price failed to settle above $65,000 against the US Dollar. BTC started a fresh decline, and it might extend losses below the $60,000 support. Bitcoin started a fresh decline from the $66,400 resistance zone. The price is now trading well below $65,000 and the 100 hourly simple moving average. There was a break below a major rising channel with support near $64,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses below the $61,200 and $60,500 support levels in the near term. Bitcoin Price Starts Fresh Decline Bitcoin price failed to gain....
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Ethereum is struggling to clear the $360 and $365 resistance levels against the US Dollar. ETH price is showing bearish signs and it could dive below $350 and $345. Ethereum is still facing a heavy resistance near the $360 and $365 levels. The price is currently stuck near the $355 support and the 100 hourly […]
The bitcoin price is ready to fall. After a large sideways lateral market, prices are about to dive to $600, where a new cycle is expected to start, ultimately resulting with a rebound to $820. Bitcoin Price Heading South, Preparing for Rebound Into New Bull Pattern. Prices are still moving in a lateral pattern, sustaining the $680 level that is persisting at press time. This situation is about to end, though, with a bear movement that should test the support in the $600 zone. The main pattern that has recovered this level, which was originally lost in 2014, is over. Another cycle is....
Bitcoin has experienced a quiet weekend, following the massive volatility seen last week. The price has remained indecisive, closing around the $96,500 mark for five consecutive days. Bulls have lost control, unable to reclaim the $100K level, while bears struggle to push the price into lower demand zones. This tug-of-war highlights the uncertainty in the […]
Blood has been shed as Bitcoin dropped below $60,000 once again and hints at more downside. The first crypto by market cap trades at $60,800, as of press time, with a 5% loss in the daily chart. Although it has seemed some recovery, Bitcoin registers a correction of around 12% from its all-time high as an increase in selling pressure caused the entire crypto market to take a dive. Related Reading | Bitcoin Bears Are Back, Why BTC Could Even Dive Below $60K The general sentiment in the market has flipped from extreme greed to normal greed levels, according to data from Arcane Research.....