Bitcoin Price Nosedives Nearly 10%: Panic or Buying Opportunity?
Bitcoin price started a fresh declined below the $100,000 zone. BTC is down close to 10% and might test the $90,000 support zone. Bitcoin started a fresh decline below the $100,000 level. The price is trading below $99,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $96,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $90,000 zone. Bitcoin Price Dives Below $100,000 Bitcoin price started another decline below the $100,000 zone. BTC gained bearish....
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Bitcoin is on track for its sixth consecutive week of losses, its longest losing streak to date. A confirmation of this pattern is likely to portend additional losses for the most popular cryptocurrency in the world. As a result, tremendous panic has returned to the bitcoin market following its recent downturn, which, according to the […]
Ethereum price of Ethereum has recently fallen below the $2,000 mark in recent days. While some people may see this as something to be worried about, others see it as an opportunity to buy as many coins as possible. More specifically, whales see this as a big buying opportunity for them and they’re using this […]
Zcash (ZEC) was treading a bearish route along with other altcoins, having shaved off as much as 14% in the past few days. Zcash loses 14% last week but opens up an increased buying opportunity Awesome Oscillators looks bullish ZEC’s RSI at 42 On-chain metrics have shown a glimpse of a buying opportunity with a hint of a downtrend. Now, will the bulls pull it off and haul the price back to $66? Zcash Fibonacci retracement levels have hovered up from $55 to $92.6, showing an 83.4% retracement level, which is close to the key support zone of $58. In June, the $55 to $58 zone emerged to be a....
Distributed Denial-of-Services (DDOS) attacks conducted against Mt. Gox over the last few days were responsible for server lag and downtime which lead to a ripple of panic-selling and, ultimately, a brief non-sustained drop in the trading price on Mt. Gox and other online exchanges subsequently. The event found mainstream media coverage, with unusual haste, including on CNBC's website featuring a sensationalized and misleading headline, "Bitcoin Hacked: Price Stumbles After Buying Frenzy." The day ended with the price on a steady recovery and Bitcoin itself remained unscathed. On the....
Jesse Powell, the CEO of the popular crypto exchange Kraken, has said that Bitcoin under $40K would be a good buy, while also predicting that the dollar will go to zero. Bitcoin’s Fall Is A Buying Opportunity If the price of Bitcoin falls below $40,000, Kraken CEO Jesse Powell says the present downward pressure would provide another purchasing opportunity for investors. The Kraken CEO discussed the crypto market in an interview with Bloomberg TV, revisiting his former prediction that BTC will climb to $100,000 by the end of the year. “But I think a lot of people see anything under....