This Grim Pattern Indicates Bitcoin Is Ready to Plunge Towards $9,500
There’s an air of uncertainty within the crypto market, with most altcoins plunging lower as Bitcoin continues consolidating Analysts seem to be unsure of where the benchmark cryptocurrency will trend in the near-term, as it has yet to make any decisive movements One trader is noting that BTC is currently in the process of undergoing a bearish technical cross between two of its moving averages He notes that this could open the gates for a […]
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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....
An apparent security flaw in the Grim Finance protocol allowed the attacker to fake five additional deposits. The decentralized finance (DeFi) protocol Grim Finance reported $30 million in losses due to a reentrancy exploit of the platform’s deposits.Grim Finance officially announced on Dec. 18 that an “external attacker” had exploited the DeFi platform, stealing “over $30 million” worth of cryptocurrencies.According to Grim Finance, the hack was an “advanced attack,” with the attacker exploiting the protocol’s vault contract through five reentrancy loops, which allowed them to fake five....
Bitcoin has seen a slight retrace this morning, with bulls being unable to break above the immense selling pressure that exists around $16,000 Today’s move lower has been somewhat slow and has yet to force the crypto below any crucial level One trader is now offering a somewhat grim outlook on the cryptocurrency, noting that he is expecting it to see one more impulse higher before topping and posting massive losses He is particularly looking […]
Bitcoin has seen some intense turbulence throughout the past few hours, with the selling pressure seen in the mid-$19,000 region once again proving to be too much for it to handle The crypto has been caught within a persistent bout of consolidation throughout the past few days, with bulls guarding the mid-$18,000 region as bears continue building massive sell walls around $19,500 The frequency of the rejections seen at this price region is a grim […]
Ethereum has been struggling to break free of its connection to Bitcoin, with the benchmark cryptocurrency having massive control over its price action This has so far been quite bearish for ETH, as it has caused the cryptocurrency to see notable losses on multiple occasions Where it trends next should depend largely on whether or not bulls and bears can hold BTC above $18,000, as a dip below this level could be grim One trader […]