TA: Why Bitcoin Price Could Turn Bearish Again If It Breaks $34K
Bitcoin price failed to stay above the key $35,000 support zone against the US Dollar. BTC is declining and it could slide heavily if there is a close below $34,000. Bitcoin started a fresh decline from well above the $36,500 level. The price is now trading near $34,500 and the 100 hourly simple moving average. […]
Related News
Dogecoin Price Key Highlights. Dogecoin price failed to break the trend lines pattern, which is a worrying sign for buyers in the near term. There are a few bearish signs emerging on hourly chart, suggesting a bearish turn moving ahead. The price is now below the 100 hourly simple moving average, which might ignite a down-move. Dogecoin price failure to break higher is a major concern for buyers, and might push the price lower if sellers gain control. Break of 50.0 Satoshis? The Dogecoin price struggled this past week to gain strength and traded inside two trend lines, as highlighted....
Bitcoin has been consolidating over the weekend following a bearish swing last week from about 262 down to 230. Then, price started to consolidate between the 230 low and a high around 240. The 1H chart shows the small range where price is now hugging the 50-hour SMA. With the 100-, and 200-hour SMAs still above, sloping down, and in bearish alignment, bitcoin maintains a bearish bias within the consolidation. Bitcoin (BTCUSD) 1H Chart April 13. Bearish Scenario is Favored: Furthermore, the RSI remained under 60, which reflects maintenance of the bearish momentum. The favored scenario is....
Bitcoin is trading almost 17 percent below its year-to-date high near $12,500. And, according to analysts at TradingShot, the downside bias is about to turn a lot worse. The independent market analysis portal spotted the benchmark cryptocurrency testing the support of a medium-term Ascending Channel. At the same time, it highlighted BTCUSD’s latest plunge below its 50-day moving average wave – an otherwise concrete price floor. A Bearish Setup Analysts placed a Fibonacci Retracement graph […]
Among the multitude of crypto tokens, Pepecoin (PEPE) once captured the attention of the meme-driven crypto community, but recent trends suggest that its glory days might be fading. As Pepecoin faces bearish trends, many investors are looking for more profitable opportunities, and Mpeppe (MPEPE) is emerging as a compelling alternative. Pepecoin’s Bearish Turn: What’s Behind […]
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....