Bitcoin Price Fails To Stabilize, Is Another Drop Imminent?
Bitcoin price started a recovery wave above $68,500. BTC is now struggling to clear $72,000 and might start another decline in the near term. Bitcoin is attempting to recover but is facing many hurdles near $72,000. The price is trading below $70,000 and the 100 hourly simple moving average. There is a short-term bearish trend line forming with resistance at $69,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $68,000 and $67,700 levels. Bitcoin Price Faces Resistance Bitcoin price managed to remain stable above the....
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Litecoin price dropped yesterday to record a low of around $1.78. The bearish wave coincided with yesterday's bitcoin price drop. If the price fails to push up above $1.85, we can see litecoin price drop to even lower levels. By studying the 1 hour Bitfinex (LTC/USD) charts from tradingview.com, plotting the 20 hour EMA and keeping the trend line we plotted throughout our yesterday's analysis (look at the below chart), we can conclude the following: Litecoin price dropped below the 20 hour EMA just before the bearish wave took the price down to $1.78. The price has broken out of the....
The hefty drop comes despite a community buying effort scheduled for this morning.
Bias is trending towards ever lower levels for Bitcoin after BTC price performance fails to preserve $20,000 at the August close. Bitcoin (BTC) has sealed its worst August performance since 2015 after the monthly candle closed down 13.9%.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWeekly candle "doesn't look good"Data from Cointelegraph Markets Pro and TradingView confirms that BTC/USD finished the month at $19,990.A knock to bulls’ efforts to stabilize spot price, the August close was only the second monthly candle finish below the $20,000 mark (depending on the exchange....
Bitcoin continues to trade below the $100,000 mark, struggling to find direction amid growing indecision and persistent selling pressure. After briefly dipping toward $95,000, the market is attempting to hold this key support level as sentiment remains fragile. Traders and investors are closely watching whether Bitcoin can stabilize here or if further downside is imminent. […]
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