Analyst Who Called 2018 Bottom Fears Bitcoin Will See Steep Drop
Bitcoin could undergo a strong correction in the weeks ahead as it forms a bearish short-term to medium-term outlook. This is compounded by a futures market positioning “overhang” noted by JP Morgan analysts. Historically Accurate Analyst Fears a Strong Bitcoin Drop Bitcoin could undergo a strong drop towards $10,000 once again, says the trader who in the middle of 2018 predicted the bottom price to a 1.5% accuracy. The analyst noted that the cryptocurrency is […]
Related News
Bitcoin has undergone a strong drop since the highs of $19,500 seen last week A historically accurate analyst says that further losses are likely for the cryptocurrency The analyst shared a chart showing that Bitcoin is likely in the midst of trading in a dead cat bounce prior to further losses He cited the Elliot Wave form of technical analysis, which predicts that markets move in predictable waves. Bitcoin Could Drop Toward $15,000 Bitcoin has […]
An optimistic forecast for gold is making Bitcoin equally bullish, thanks to its erratically positive correlation with the crypto. Gold Boom Ahead Frank Holmes, CEO of US Global Investors, told Kitco News that the gold market is forming a bottom. Simultaneously, the analyst maintained his upside target for the precious metal at $4,000 in 2020 despite the fears of uncertainty around November’s US election and the second coronavirus stimulus package. “The bottom that you’re seeing […]
Like Bitcoin, Ethereum was pushing higher from last week’s lows, at least until the past few hours. In the span of about 30 minutes earlier today, the leading cryptocurrency dropped from $355 or so to $344, marking a small yet notable drop. This weakness and continued inability to surmount the resistances at $365-375 in the near term is sparking fears of a deeper drop. Ethereum Drop Triggers Fears of a Steeper Correction Michael Van De […]
The winter of 2022-2023 is more than a headache for politicians and EU citizens — crypto hodlers worldwide may see a tangible impact, says Decentrader's Filbfilb. Bitcoin (BTC) could dive another 50% from current levels if the upcoming winter proves a major test for Europe.That was the conclusion of a veteran crypto market analyst this week, with BTC/USD failing to reclaim $20,000 support.In an interview with Cointelegraph, Filbfilb, creator of trading suite Decentrader, forecast a potential BTC price bottom coming in at as low $10,000 in 2022.As the European energy crisis intensifies,....
Bitcoin price is down nearly $10,000 from its 2021 high, but thus far support at $30,000 has held strong. As analysts search for a sign that the bottom of the current correction is in, one important fundamental factor matches up almost perfectly with the December 2018 bear market bottom. Is this the end of the correction and the uptrend will soon resume? Here’s what you need to know. Bitcoin On Exchanges Falls to Lowest Point […]