Bitcoin Price Hints at Downside: Preparing for Potential Declines
Bitcoin price corrected gained from the $66,000 resistance level. BTC dipped below $64,000 and might extend losses in the short term. Bitcoin started a fresh downside correction from the $66,000 resistance zone. The price is trading below $64,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $64,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bearish momentum if it dives below the $62,500 support zone. Bitcoin Price Dips Again, Can Bulls Defend More Losses? Bitcoin price failed to extend....
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Leading automotive company Ford has filed 19 trademark applications related to possible metaverse activities. In the documents, the company hints at the potential launch of Ford-branded NFTs (non-fungible tokens) on its own marketplace, and also refers to the offering of virtual models of its cars, including Mustang, Mustang Mach-E, and the Bronco.
Ford Hints at Metaverse Move
Ford, one of the biggest U.S.-based automotive brands by sales, has introduced several trademark applications to the U.S. Patent and Trademark Office (USPTO), preparing for a potential push into the....
Bitcoin price recently made a downside break of a short-term symmetrical triangle consolidation pattern, indicating that bears are taking control. Before pushing for more declines, a correction from the breakout move might take place, as sellers are keen on entering at better levels. A descending trend line can be drawn to connect the recent highs of bitcoin price action and the Fibonacci retracement tool suggests potential entry levels. Bitcoin price appears to be making a correction from the recent downside break, providing an opportunity for more bears to enter at higher levels.....
Ethereum Price Key highlights: Ethereum price is starting to make a downside break from the previous triangle consolidation pattern highlighted. This suggests that selling momentum is starting to pick up once more, potentially yielding further declines. Ethereum price has moved below the previous intraday support at 0.00250BTC, setting the stage for a potential drop to the next support at 0.00230BTC. New record lows? Increased selling momentum could take the price down to its record lows at around 0.00210BTC in mid-August this year or even lead to the creation of new lows. The 100 SMA is....
Bitcoin has chosen violence. The first crypto by market cap trades at $57,873 with a 3% loss in the daily and an 11.2% loss in the weekly chart. After making a push close to $60,000 Bitcoin was rejected and has trended to the downside for the past 2 hours. The benchmark crypto might have reacted to the potential re-appointment of the U.S. FED Chair Jerome Powell to his position for a second term. Related Reading | This Bitcoin Metric Hints At Bottom, Is BTC Out The Woods? Data from Material Indicators suggest the move to the upside was driven by investors with orders with an estimated....
Ethereum price collapsed against the US Dollar due to a sharp selling in BTC after the PBOC investigation announcement. More losses to follow in ETH/USD? Key Highlights. ETH price made a sharp downside move against the US Dollar, and broke the $9.80 support zone. Yesterday’s highlighted connecting bullish trend line on the hourly chart (data feed via SimpleFX) of ETH/USD was cleared to open the gates for more declines. There was a sharp decline in Bitcoin price due to the PBOC investigation announcement, which caused a decline in ETH too. Ethereum Price Declines. ETH price was seen holding....