Bitcoin Price Collapse: Analyst Forecasts $44,000 Plunge On 200 Daily EMA Bre...
The cryptocurrency market witnessed a significant setback as the Bitcoin price plummeted below the $58,000 level. This downward move has raised concerns among bullish investors, suggesting a potential continuation of the downtrend toward the $44,000 support level. Bitcoin’s failure to consolidate above and retest its all-time high (ATH) of $73,700, reached in March, has resulted in a retracement of over 20% on the monthly time frame. Bitcoin Price At Risk Crypto analyst “Blockchaineddbb” has provided a noteworthy assessment of the situation. According to the analysis, a....
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XRP has been on a rollercoaster ride throughout the past few weeks. The cryptocurrency saw immense volatility that began when news began spreading regarding the recent Spark token airdrop to holders. This allowed the cryptocurrency to break its multi-year trading range between $0.20 and $0.30 and rocket to highs of $0.90 on Coinbase and other […]
Bitcoin and other cryptocurrencies in the market have seen the most prolonged bearish price movement since 2017 and 2018. According to data, the general crypto market has lost $2 trillion since the massive rally of 2021. But even with the occasional spikes these months, crypto prices fluctuate more towards the red lines. For instance, Bitcoin prices have continued to fluctuate. As of August 21, the price stands at $21,184.13 after losing 1.18% from its previous day’s value. The news from the US Federal Reserve about its intent on following a hawkish approach to fighting inflation....
Following the Terra LUNA network collapse back in 2022, the price of Ethereum followed the general market downtrend. As a result of this, the ETH price had fallen to a new cycle low of $900, before recovering once more. However, now that the altcoin is still deep in the throes of the bear market, questions have arisen once more about the chances of the price returning to its 2022 lows. Crypto Analyst Says Ethereum Could Drop To $900 In an analysis posted on TradingView, crypto analyst FieryTrading presents a scenario in which the price of Ethereum could fall back toward its 2022 lows. The....
The Financial Times is running a story titled "FT Predictions: the world in 2015" where Financial Times writers offer their forecasts for the year ahead, from the oil price to Putin's next moves. Bitcoin makes the Financial Times list of important topics to watch with a headline "Will this be the year that bitcoin and other crypto currencies collapse?" The answer is: No. There are too many deep-pocketed interests standing ready to throw good money after bad defending the cryptocurrency experiment, thus preventing an outright or dramatic collapse. Nevertheless, the chances of bitcoin, the....
Alameda Research reportedly obtained $2.2 billion worth of loans using FTT as collateral, a token created by cryptocurrency exchange FTX. An ongoing selloff in the FTX Token (FTT) market could worsen in the coming months owing to a mix of pessimistic technical and fundamental indicators.FTT could plunge 30%From a technical perspective, FTT has formed an inverse-cup-and-handle pattern on the daily chart, identifiable by its crescent-shaped price trend followed by a less extreme upward retracement. On Nov. 6, FTT broke below the pattern's support line near $22.50, accompanied by a volume....