Bitcoin Could Plummet 30% Before Upward Trends Starts, Analyst
The crypto market has recorded massive losses since May 2022. After the Federal Reserve announced and kicked off interest rate hikes, prices tanked due to selling pressure. Many crypto investors and operators of diverse solutions have faced different crises from market moves. But it seems the end is not near yet. Even as the Merge date has finally come, analysts predict a price plunge for Bitcoin. Going by past market moves, a fall in BTC price causes altcoins to plummet and vice versa. So, this analysis is not what investors expect. Related Reading: Binance Coin Struggles Below $290....
Related News
Ethereum’s price continues to go through an upward correction. This movement is now very likely to grow into a medium-term turn. A rebound or an upward trend? The upward movement is natural, because it’s common to have a rebound towards the previous trend before a new one starts. After this, we will either see a continuation of the downward trend or a turnabout. Due to its inability to fortify at the level of $8, Ethereum’s price keeps rebounding upward. In the short-term scope this rebound is equal to an upward trend. Consequently, the conclusion of this trend will coincide with the....
The upward Ethereum trend is continuing. Ethereum’s price is keeping the structure of its trend, which allows it to grow. The upward trend is continuing. Because the upward structure was not disrupted, there is only one option, which is the continuation of the trend. After a rebound, Ethereum’s price could not break through the $13.2 support line; thus, the flat was unable to form. The structure of the trend could continue extending, as long as there are signs of a flat forming. As soon as the flat starts, the whole upward trend, which has started at $10, will end. That’s why it is....
Dave the Wave, the analyst who accurately foretold the collapse of Bitcoin in 2021, is back with another market forecast. The prominent crypto trader shared some charts on a Twitter Thread this Monday. Dave claims that the world’s foremost cryptocurrency is about to flip bullish, judging from previous cycles. The pseudonymous crypto analyst took to Twitter to share MACD charts that prove his predictions with over 100,000 followers. According to the Tweet, Bitcoin has hit its bottom and is ready to start its journey upward once again. Dave is basing his predictions on the past....
Ethereum is forming a short-term flat. The situation is heating up. Powerful impulses usually follow after long flats such as the current one. The advantage is with the bulls. So far, this movement seems to be a correction toward the upward trend. Ethereum’s price has rebounded off the level of large volumes, around $9. That mark will be the peak of a rebound toward the upward trend, where a change of trends could happen. If the bears win the advantage, Ethereum’s price is going to fortify at the level of $9 and form a turn. In that case, there will be a good chance for a fall down to....
Ethereum continues its upward trend. The structure of the trend was not disrupted at a key level, which resulted in a new upward impulse. The upward trend continues. After a rebound from a medium-term level, Ethereum’s price has continued its upward movement. The power of that impulse is caused by the inablity of the market to form a turn to decline. If that wasn’t the case, a new flat wave would have been likely. But because the structure of the short-term upward trend was not disrupted, a flat is not going to happen. What has followed as a result is a powerful upward impulse. As long as....