BTC traders caught off guard: 3 reasons Bitcoin dropped 2% in just 1 hour
The price of Bitcoin declined by 2% in under an hour in a sharp correction on Monday, catching traders off guard likely due to three major technical factors. The price of Bitcoin (BTC) declined by 2% in under an hour in a sharp correction on Nov. 2, catching traders off guard. Coincidentally, the CME Bitcoin futures market opened with a new gap, making $13,100 an area of interest for sellers.Three technicals reasons likely fueled the abrupt decline in the price of Bitcoin: CME gap, major resistance and monthly moving averages (MAs).There are now four CME Bitcoin futures gapsThe CME Bitcoin....
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Bitcoin has shot around $1,500 higher over the past week, reaching a weekly high of $13,200. The price of the leading cryptocurrency has dropped slightly to $12,900 as of this article’s writing, just shy of the highs and the pivotal $13,000 resistance level. This recent move higher caught many traders off guard. During one day […]
Bitcoin price flashed a few bullish signals on Nov. 29, leading analysts to share their opinions on why BTC should close November above $60,000. The cryptocurrency market saw a boost in sentiment after the price of Bitcoin (BTC) surged above $58,000 in a long-awaited move that rejuvenated traders who have been anxiously waiting for a resumption of the uptrend.BTC/USDT 4-hour chart. Source: TradingViewHere’s a look at what analysts and traders are saying about Nov. 29’s price action and whether or not Bitcoin is likely to reclaim the $60,000 level.A $60,000 retest is “on the....
Fear over the Evergrande situation weighed heavily on equities markets and Bitcoin price, leading traders to expect a bounce in the $42,000 to $38,000 zone. The cryptocurrency market faced a fresh round of selling on Sept. 20 as global financial markets fell under pressure thanks to fears surrounding the potential default of Evergrande Group, a China-based real estate company whose collapse could send ripples across equities markets. Data from Cointelegraph Markets Pro and TradingView shows that the early morning sell-off in Bitcoin (BTC) intensified into midday as the price dropped to a....
Altcoins have been thrust into a whirlwind of uncertainty as Bitcoin’s price tries to cling on to its $27k handle. The sudden reversal of the alpha crypto’s fortunes, retreating more than 5% in the last 24 hours, has caught many overzealous traders off guard. As a result, a flurry of liquidations totaling nearly $73 million […]
Bitcoin in Downtrend After another week of turbulent market volatility, the cryptocurrency market saw severe drops with Bitcoin (BTC) and its peers plummeting nearly 25% from recent highs. This selloff caught many speculators and traders off-guard, causing a panic reaction across the market. The Crypto Fear and Greed Index shifted from a weekly high of 94 back down to a more modest 55. However, analysts have reiterated that minor corrections are both necessary and organic, […]