Bitcoin Price Risks Further Crash As S&P Monthly LMACD Turns Bearish, Why Bull...
Crypto analyst Tony Severino has warned that the Bitcoin price risks a further crash. This came as he revealed a critical technical indicator, which has turned bearish for the flagship crypto, although he noted that BTC bulls can still invalidate this current bearish setup. Bitcoin Price At Risk Of Further Crash As S&P Monthly LMACD Turns Bearish In an X post, Severino indicated that the Bitcoin price could crash further as the S&P 500 monthly LMACD has begun to cross bearish and the histogram has turned red. This development is significant as IntoTheBlock data shows that BTC and the....
Related News
The Bitcoin price faced a rejection following its surge to $97,000 last week. Technical expert Tony Severino has commented on this development and alluded to the LMACD indicator, which has revealed what is next for the flagship crypto. What Is Next For The Bitcoin Price After Rejection At $97,000 In an X post, Tony Severino stated that multiple BTC timeframe analyses using the LMACD indicator suggest that the Bitcoin price is in a precarious position. He remarked that if the daily momentum crosses bearish, it could prevent the weekly bullish crossover and pull the weekly LMACD below zero.....
The Dogecoin price has started out this month with a crash, sparking a bearish sentiment among DOGE investors. This bearish sentiment is further strengthened by historical data, which suggests that these investors shouldn’t be too optimistic about the foremost meme coin recording significant gains this month. Dogecoin Starts February With 23% As Historical Data Paints Bearish Picture CryptoRank data shows that the Dogecoin price has suffered a 23% crash since the start of February. This follows the monthly green close, which the foremost meme coin enjoyed in January, with a 4% gain in the....
More bearish cues for SOL comes from a bull flag setup that's now breaking to the downside. A rebound move witnessed in the Solana (SOL) market this weekend exhausted midway as its price dropped below the $90 level from a high of $96 on Feb. 21. In doing so, SOL price technicals are now risking a classic bearish reversal setup.Solana price risks dropping to $60Dubbed head-and-shoulders (H&S), the technical pattern emerges when the price forms three peaks in a row atop a common support level (called a neckline). As it typically turns out, the pattern's middle peak, called a "head," comes....
Bitcoin price has taken a beating over the last several months, resulting in the worst quarterly close since 2011. The bearish momentum has been brutal as crippling contagion spreads across the cryptocurrency market. However, bearish momentum on weekly timeframes has begun to weaken, providing bulls with their first opportunity to capitalize in some time. Bitcoin Bearish Weekly Momentum Begins To Weaken, Can Bulls Capitalize? In the real world, momentum is the measure of velocity and mass. In finance, the term describes the rate of speed at which an asset’s price changes. Considering....
In this episode of NewsBTC’s daily technical analysis videos, we review a variety of technical and fundamental signals on the Bitcoin price monthly chart to see if we are getting closer to a bottom in crypto. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 3, 2022 The monthly closed with a doji candle, which typically forms at a point of indecision before either a reversal, or strong continuation. Past monthly dojis have commonly preceded short- and long-term turning points in crypto. The September monthly candle was the first ever monthly close below....