BTC price loses $42K after fresh rejection puts focus on ‘worst case’ Bitcoin...
It’s all to play for as Bitcoin price action lingers above $40,000, but predictions are already in of a dip even lower. Bitcoin (BTC) fell below $42,000 on Tuesday, Sept. 28, as the largest cryptocurrency worsened overnight losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC bulls run out of steam at $44,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching local lows of $41,670 on Bitstamp.The fall followed a $1,000 hourly loss late Monday, which firmly halted any bullish hopes from the weekend’s high of $44,400.The turnaround was broadly....
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Bitcoin price is still plummeting from a rejection at new highs set this weekend, and struggling to maintain support at former resistance levels. On the way down, the buying pressure has been far less than it was on the way up, which has one top cryptocurrency quant analyst warning that fresh USD capital is necessary […]
Ethereum started a fresh decline after it faced rejection near $3,300 against the US Dollar. ETH price could extend decline towards $3,000 in the near term. Ethereum started a fresh decline after it faced rejection near $3,280 and $3,300. The price is now trading below $3,220 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend decline to $3,000 if it trades below the $3,150 support. Ethereum Price Resumes Decline Ethereum attempted an upside correction....
Here’s what we are looking at as we head a fresh day's trading in the bitcoin price market. Across pretty much the entirety of yesterday’s session in the bitcoin price, we saw an upside run. Marred by the odd correction, this run brought price to trade at what amounted to fresh weekly highs just ahead of 665, shortly before the day drew to a close. This is, of course, still quite a long way off the highs that came about last week, so this means two things. First, that there is still plenty of room to the upside if volume can hold price up for another sustained run. Second, that if we get....