Crypto Bears Claw Markets Lower, Bitcoin Price Drops Below $30K, Analysts Sti...
The price of bitcoin dropped to a new low in 2021, hitting $28,600 per unit Tuesday morning (EST). BTC has shed more than 10% in value over the last 24 hours and its market capitalization is now less than $600 billion. Bitcoin Price Plunges Below $29K Cryptocurrency markets have seen better days as the entire market capitalization of all 9,000+ crypto assets is down 12% at just above $1.2 trillion. Bitcoin (BTC) has shed 26.31% during the last seven days and 42% over the last 90 days. At the time of publication, BTC rests just below the $30K handle in the $29K region. The value had....
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A bearish outlook may be triggered if bitcoin doesn't claw its way back over $40,000, the analysts said.
Bitcoin was lower for a second consecutive session, as bears maintained recent pressure on crypto markets. This pressure also saw ETH move lower, as it continued to trade under $2,000 during hump-day. Bitcoin The world’s largest cryptocurrency once again traded below $30,000, as bears continue to maintain a chokehold on prices. As of writing, BTC/USD is trading at $29,502.71, which is roughly 1% higher than yesterday’s low of $28,786.59. Wednesday’s movement in bitcoin is ultimately a continuation of yesterday’s move, with prices now consolidating at its....
Traders say the threat of a lengthy bear market is heightened after BTC price drops to $39,200. The cryptocurrency market took a turn for the worse on April 11 after concerns related to rising inflation, the prospect of several more interest rates by the U.S. Federal Reserve and fear of a global food shortage led to widespread weakness across global financial markets.Data from Cointelegraph Markets Pro and TradingView shows that bears broke through the bulls' defensive line at $42,000 in the early trading hours on Monday to drop Bitcoin (BTC) to a daily low of $39,200 and several analysts....
Technical analysis (original article below). 20h18 UTC - final update. The chart below shows price challenging the $110 level. The inset reveals the ~4200 BTC buy orders waiting at this level. Selling pressure has chipped away at this level for several hours and there is little hope those orders can cause a reversal. It looks like the bears have sub-$100 in mind... Analysis will have to be halted at this point since fatigue is setting in. More tomorrow! 14h22 UTC. Below $135 and currently resting on $130. Indicators across all timeframes are stretched to the max and this systematic grind....
Despite a strong start to the week, bitcoin fell below $30,000 on Thursday, as crypto bears returned to action. Following an uncertain day of trading yesterday, bearish momentum has taken charge of markets, with ETH also in the red. Bitcoin Following a strong start to the month, BTC fell lower, dropping below $30,000 on the second day of June. Bitcoin rallied to a nearly three-week high earlier this week, however on Thursday fell to an intraday low of $29,501.59. This drop comes less than 24 hours after BTC/USD hit a high of $31,848.82. However, as we approach tomorrow’s NFP report,....