Bitcoin Price Extends Decline, Downside Pressure Builds Aggressively
Bitcoin price started a fresh decline below the $78,500 zone. BTC is consolidating and might struggle to stay above the $76,500 support. Bitcoin failed to stay above $78,500 and extended losses. The price is trading below $78,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $77,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $77,700 and $78,500 levels. Bitcoin Price Dips Further Bitcoin price failed to stay above the $78,500 support zone. BTC remained in a bearish....
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Bitcoin price corrected gains and traded below the $124,000 level. BTC is now struggling and might continue to move down below $120,000. Bitcoin started a downside correction below the $123,200 level. The price is trading below $123,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $122,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $120,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay above the $125,000 zone and started a fresh decline.....
XRP price started a downside correction below the $1.3420 zone. The price is now showing bearish signs and might decline further below $1.3150. XRP price started a downside correction after it failed to stay above the $1.3450 zone. The price is now trading above $1.3150 and the 100-hourly Simple Moving Average. There is a declining channel forming with resistance at $1.3380 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it stays below $1.3420. XRP Price Dips Below Support XRP price struggled to stay above $1.3520 and started a....
Since Bitcoin’s price began to drop after its recent surge to a new all-time high on December 17, several key metrics have been demonstrating bearish movement, sparking uncertainty about BTC’s prospects in the short term. A persistent decline in crucial metrics might lead to a larger drop in BTC’s price to previous support levels. Coinbase […]