Analysts Target Decline to $11,500 as Bitcoin Begins Diving Lower
Bitcoin witnessed an intense selloff today that came about after bulls once again failed to break above $13,800 The selling pressure here has proven to be quite significant, and buyers’ inability to surmount it signals that it may mark a local top The crypto is now trading back down where it has been for the past week in the lower-$13,000 region Both bulls and bears have been unable to gain firm control over its short-term […]
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Bitcoin price continues labored decline. Optimistic buying intermittently pulls price to lower highs while the technical indications in favor of additional decline are compounding. The most recent lower high had formed reverse divergence in RSI (magenta annotation), and we can expect another wave down today. Bitcoin price decline continues with effort. For now we observe the price reaction at the 1hr 200MA (blue circle). The next reaction level is the up-sloping support line. If price breaks below this line, then the primary target is $404 (at the purple circle) and a secondary target at....
Bitcoin price decline has fallen below major support at $440 and is on its way to testing $400. Litecoin's chart confirms that the decline has some distance to go. Takeaway. Most market participants and analysts are expecting a reversal from current levels and an imminent flight of glory on board the Bitcoin Moon Rocket. However, the writer believes that it is not a moon rocket at all, and that there are technical reasons that argue for continued decline. Traders and investors should take advantage of the price lows to buy Bitcoin aggressively and with a sensible position building strategy....
Potcoin Price Key Highlights. Potcoin price declined further and broke the last low of 0.00000259BTC to create a new low. The price traded as low as 0.00000249BTC where sellers were seen struggling to gain pace. There is a possibility of a recovery in the near term, which means we might get one more opportunity to sell. Potcoin price moved lower and reached out final sell target of a new low below 0.00000250BTC and looks set for more losses. New Low? We were anticipating a new low in the Potcoin price below the last swing low of 0.00000259BTC. There was a decline noted, as the price traded....
According to today's updated Bitcoin price analysis, the exchange rate has been drawn back to yesterday's low of near $473. The trend is still pointing down, and the indicators show scope for further decline. This analysis update refers to an in-depth Bitcoin price analysis report published on Sunday. Bitcoin Price Going Down? Looking at the hourly Bitstamp chart, price can be seen attempting to break below the central decline channel that has contained price action for the past ten days. If a breach to the downside occurs then the immediate target will be $460 which isweekly pivot support....
Robinhood listing brought UNI some of its recent gains but it doesn't guarantee an extended bull run. The latest Uniswap (UNI) chart pattern suggests that investors should be prepared for a correction after gaining nearly 20% over the past week.A 45% UNI price crash ahead?UNI's price has been trending upward since mid-June inside what appears to be a "rising wedge," which traditional analysts view as a bearish reversal pattern due to its history of luring bulls into buying fake-out bounces.Therefore, rising wedges resolve after the price breaks below the lower trendline. Traders typically....