Bitcoin Bulls on Edge – Is Another Sharp Decline Coming?
Bitcoin price is struggling to recover above $112,000. BTC is now consolidating and might decline if there is a move below the $110,800 level. Bitcoin started a fresh decline from the $113,200 zone. The price is trading below $111,500 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $111,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline if it stays below the $112,500 zone. Bitcoin Price Remains At Risk Bitcoin price started a fresh recovery wave from the $110,100 zone. BTC managed to....
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Bitcoin price is creeping toward the edge of a precipice, but the question is: will decline make it to below the local support floor? Price continues conforming to our expectation of decline. Potentially, decline could target $320 and 2100 CNY, as per the pending abt.social trade recommendation. Since we do not, at this stage, know if price will sell through the support floor, we have to strategise and control trading risk. The circular trendlines (visible to xbt.social members) are not accurately “fitted” at this time, but a sharp drop will certainly confirm their influence, since price....
Bitcoin faced a massive selling event yesterday as U.S. trade war fears triggered a sharp market-wide decline. The uncertainty surrounding global economic conditions caused panic selling, driving BTC and many altcoins significantly lower. Investors are on edge as the market attempts to find stability after one of the most volatile sessions of the year. Related […]
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Ethereum has seen a couple of sharp selloffs throughout the past day, with bears aiming at keeping it below $600 This comes following a strong move higher earlier this week, which allowed the crypto to rally as high as $623 The selling pressure here was intense and caused it to see a sharp decline, from which point forward it has been consolidating Where it trends in the mid-term will largely depend on its continued reaction […]
Bitcoin price collapsed by more than 50% from its recent highs set only one month ago. The sharp decline now represents that largest drop in the history of the cryptocurrency – but there’s still several days left for the monthly candle to close. That means bulls can undo the damage done by the recent crash, […]