Bitcoin Drops After Record-Setting Rally; Is Bearish Bias Returning?
Key Bitcoin Takeaways Bitcoin plunged by almost 5.5 percent on Monday after setting up a record high in the previous session. The one-day drop is the largest since February 10, pointing to extended intraday declines as the European session matures. Long-term sentiment remains bullish on growing corporate adoption against the US dollar depreciation. Bitcoin (BTC/USD) […]
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Bitcoin dropped immensely after setting up a record high of $64,896.75 as some traders decided to secure short-term profits. The correction nevertheless did little in offsetting the benchmark cryptocurrency’s upside bias. Analysts remained convinced that the BTC/USD exchange rate would rebound from its sessional lows to pursue its uptrend as it was. One of them […]
Bitcoin price has been on an absolute tear, setting record after record over the last several months. After consolidating for weeks at a level more than double the last cycle’s peak, Bitcoin is back to making new highs and now has now traded at $50,000 for the first time in its more than decade long existence. Within moments of touching $50,000, however, sell orders began triggering. The initial rejection could suggest that the phycological resistance […]
[Notice: All the price units are in Satoshi]. The Dogecoin price dropped around only 0.05% against the BTC in over the last 24 hours, but the overall bearish bias in its market continued to sustain. As you can see the 4H HITBTC chart above, the Dogecoin price continue to form lower lows near 40, adding further to the prevailing bearish bias. The Doge market has indeed reacted negatively to the Bitcoin's celebrated bullish rally, as it simply took away a notable chunk of trading volume from the meme cryptocurrency. As a result, we can see how Dogecoin price which, on February 8th, was being....
The Dogecoin price dropped 2.05% against the BTC in over the last 24 hours, as Bitcoin continued to test its prevailing upside risk near 281; therefore maintaining its bullish bias. The Doge price is reacting inversely to Bitcoin's price behavior; and is therefore continuing on its prevailing bearish bias. Dogecoin Price 4H HITBTC Chart. As you can see in the chart above, the Dogecoin price has held a constant downward momentum for quite a time. Over the last 24 hours, the price succeeded to float above 49, while testing upside resistance near 52; therefore forming consolidation between....
The analyst who correctly predicted a major drop in the LINK price earlier this September had eased his bearish bias on the cryptocurrency. Per the pseudonymous entity, LINK/USDT is in the middle of confirming a bottom after plunging by almost 63 percent from its YTD/record top at $20. The said downside move brought the pair […]