The Bearish Structure That Puts Bitcoin Price At $92,550, And Then $82,000
Struggling under the weight of notable selling pressure, the Bitcoin price has since lost its hold on the $90,000 support, leading to a sustained downtrend through the middle of December. Despite calls for a bottom, the cryptocurrency does not seem to be heading in that direction, and some analysts have shared reasons as to why this is the case. Crypt analyst Lingrid maps out the trajectory of the Bitcoin price, showing a bullish short-term, but ultimately ending with more declines. Why The Bitcoin Price Could Crash Further Lingrid’s analysis focuses on Bitcoin’s recent price performance,....
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Key Highlights. The Dogecoin price forming an interesting structure on the hourly chart with support around 36-38.0 Satoshis. If the price breaks the highlighted bullish trend line and support area, a decline towards 32.0 Satoshis is possible. Our yesterday's highlighted bearish trend line on the 30-mins chart (price feed from CEX. IO) is still in play and acting as a resistance. Dogecoin price looks like forming a breakout structure on the hourly chart with most indicators aligning for a bearish move. 36-38.0 Satoshis as Support. The recent price action in the Dogecoin price has been....
The XRP price looks to be on the verge of another breakdown that could send it spiraling to new multi-month lows. This comes after a failure to hold the support at $2.5 and the subsequent decline that has put it on a rather bearish path. If this bearishness continues, then it is more likely that […]
Bitcoin and the rest of crypto have been experiencing a strong uptrend since Black Thursday when markets nuked globally and no assets were safe from the carnage. And while a flip into a downtrend isn’t yet confirmed, a break in market structure at the very least puts the uptrend on thin ice. BTCUSD Break In […]
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