Bitcoin is on Shaky Ground as Analysts Target Move to Lower Lows
Bitcoin’s price action has been flashing warning signs to investors throughout the past few days, with buyers and sellers largely reaching an impasse as the cryptocurrency struggles to garner any clear momentum. Its stalling uptrend has come about due to the intensity of the resistance between $11,000 and $11,200. Each tap of this region has […]
Related News
Bitcoin has undergone a strong drop since the weekend highs of $14,100. After failing to pass that pivotal resistance level, the price of the leading cryptocurrency has dropped to $13,400 as of this article’s writing. At the lows of the past 24 hours, BTC traded for $13,200. Analysts think that the coin could move even lower in the days ahead, analysts say. Bitcoin Could Drop Toward $13,000 as Key Bearish Signal Flashes Commenting on Bitcoin’s […]
Bitcoin has rallied strongly over the past few weeks. The leading cryptocurrency surged from $10,400 to $11,750. The coin now trades for $11,400 after a slight correction as buying pressure tapered off. Bitcoin is primed to move lower in the near term as it aims to set up another leg to this ongoing rally, analysts say. Crypto analysts think this is the case, along with analysts at JP Morgan. Bitcoin Primed to Move Lower Prior […]
Bitcoin Price is continuing a slow decline. Our target at $330 has not been struck decisively and price currently looks set to return to it - if not lower. Global Economy. Bitcoin Price Lower Lows. Summary. Comments. Global Economy. The Bank of Japan, this morning, shocked the world by announcing that it will increase its record breaking 70 Trillion Yen QE program to 80 Trillion Yen and triple its ETF buying program to 3 Trillion Yen. The USD/JPY forex pair shot through 110 Yen per Dollar and the Nikkei stock index shot 1,000 points through the roof. The exuberance is being manifest in....
Ethereum has seen shaky price action over the past few weeks, failing to pass notable technical levels. BTC currently trades for $13,800 despite Ethereum only trading for $390. Analysts think that Ethereum may resume its ascent shortly. One analyst noted recently that Ethereum has seen its fourth-ever bullish TK re-cross above the Ichimoku Cloud. Ethereum Could Soon See Rally as Crucial Bull Signal Forms Ethereum has seen shaky price action over the past few weeks […]
Bitcoin price decline has fallen below major support at $440 and is on its way to testing $400. Litecoin's chart confirms that the decline has some distance to go. Takeaway. Most market participants and analysts are expecting a reversal from current levels and an imminent flight of glory on board the Bitcoin Moon Rocket. However, the writer believes that it is not a moon rocket at all, and that there are technical reasons that argue for continued decline. Traders and investors should take advantage of the price lows to buy Bitcoin aggressively and with a sensible position building strategy....