Bitcoin price fails to build $50K support as traders eye lower levels next
Time to buy or wait and see? Bitcoin may have further to fall, but long-term price trends are still intact. Bitcoin (BTC) dipped below $50,000 again on Thursday as the fallout from Elon Musk’s criticism continued to resonate.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders wait for telltale buy signalsData from Cointelegraph Markets Pro and TradingView confirmed BTC/USD failing to establish $50,000 as support after initially dipping to $45,650.Musk, speaking as CEO of Tesla, had claimed that environmental concerns meant that the company would no longer accept BTC....
Related News
Ethereum is struggling to recover above the $1,710 and $1,750 resistance levels against the US Dollar. ETH price is likely to continue lower if it fails to stay above the $1,650 support level. Ethereum is showing a few bearish signs below the $1,750 and $1,710 resistance levels. The price is currently trading well below $1,750 […]
Litecoin price dropped yesterday to record a low of around $1.78. The bearish wave coincided with yesterday's bitcoin price drop. If the price fails to push up above $1.85, we can see litecoin price drop to even lower levels. By studying the 1 hour Bitfinex (LTC/USD) charts from tradingview.com, plotting the 20 hour EMA and keeping the trend line we plotted throughout our yesterday's analysis (look at the below chart), we can conclude the following: Litecoin price dropped below the 20 hour EMA just before the bearish wave took the price down to $1.78. The price has broken out of the....
Ethereum extended its decline below the $3,200 support against the US Dollar. ETH price is at a risk of more downsides below the $3,120 support zone. Ethereum extended its decline below the $3,250 and $3,200 support levels. The price is now trading below $3,250 and the 100 hourly simple moving average. There is a key bearish continuation pattern forming with support near $3,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue lower if it fails to stay above the $3,120 support zone. Ethereum Price Corrects Lower Ethereum failed to stay above the $3,300 support....
Ethereum broke the major $1,750 and $1,710 support levels against the US Dollar. ETH price is likely to continue lower below the $1,660 and $1,650 support levels. Ethereum failed to stay above the key $1,750 and $1,710 support levels. The price is currently trading well below $1,710 and the 100 hourly simple moving average. There […]
Bitcoin’s correction is accelerating, but a bounce off the 50-day moving average could give altcoins reason to rebound off lower support levels then move higher. Bitcoin (BTC) price has been correcting in the past few days and traders are curious to know whether this is a minor pullback or the start of a deeper decline. The problem is that no one has a crystal ball and analysts can only point to critical support levels that may hold based on historical data and evidence. However, in a bear phase, the price tends to slip below key support levels as traders panic and sell out of fear,....