Just minutes ago as of the time of writing this article, Bitcoin (BTC) plunged 3% within a few minutes’ time, falling from $8,750 to as low as $8,460 in a short time period. On some exchanges, this marked a new low for the day’s price action, traditionally a bearish sign.
Despite this 3% drop, analysts are saying that this move may actually be more bullish than bearish, for BTC managed to bounce back to $8,650 just minutes after the plunge as shown in the above chart took place.
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Bitcoin Actually Bullish After Secondary Dump
Cryptocurrency trader Credible Crypto, who called Bitcoin’s decline to the $6,000s then the subsequent bounce to the high-$8,000s in the middle of December, remarked in a recent tweet that the recent price action is a clear sign “bulls are refueling.” By “refueling” he means preparing for another push higher.
Backing this optimistic quip, the analyst pointed at the chart that can be seen below, which shows that BTC’s one-day candle has held the key support band in between $8,400 and $8,500 in spite of the severity of the dump.
Chill beras, the bulls are just refueling… $BTC pic.twitter.com/E59G1E9kag
— Credible Crypto (@CredibleCrypto) January 19, 2020
This has been echoed by trader Cryptomer, who noted that BTC is preparing to rally by 7% to return to $9,200. He looked to the fact that one of Bitcoin’s indicators has held a key support level, suggesting a strong bounce back to previous highs is likely underway.
On a more macro basis, trader FizeekMoney noted that one of his indicators shows that Bitcoin remains decisively in a bull market, with the indicator recently surging off a macro support level. He added that this bounce is a clear sign “BTC is going to be back at $14,000 before Crypto Twitter is ready.”
$BTC is going to be back at $14k before CT is even ready
I don't bet against #FYWBTC pic.twitter.com/KsJbZKljlQ
— FizeekMoney (@FizeekMoney) January 19, 2020
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Earlier Sunday, Bitcoin (BTC) suddenly fell off a cliff after its latest bout of bullish price action. Within a few minutes’ time — yes, literally a few minutes — the leading cryptocurrency slipped by 7%, plunging from $9,150 to $8,600 (as low as $8,450 on some crypto exchanges).
Even as Bitcoin (BTC) has rallied over the past two weeks, analysts have kept their bearish biases against this market, claiming that it is only a matter of time before the cryptocurrency market sets a new low.
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In a sudden move, the Bitcoin price jumped to surpass $8,000 on Bitstamp. From the low of $6,850 on January 3rd, we have surged nearly 17%. At the time of writing, BTC/USD has been trading at $7,865 with 24 hours gains of 4.
Over the past few days, Bitcoin (BTC) has started to show signs of life, surging as high as $7,700 on the morning of Dec. 23. As of the time of writing this, the cryptocurrency is changing hands for $7,300, up nearly 15 percent from the brutal $6,400 low put in last week.
There was a nice upward move in bitcoin price from the $6,435 low against the US Dollar. The price is now trading nicely above the $7,000 and $6,960 support levels. There is likely a bullish continuation pattern forming resistance near $7,180 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
Stellar Lumen has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern may be forming The daily time frame continues to show that a bearish wedge pattern breakout has occurred Stellar Lumen has fallen to a fresh multi-year trading low, following Tuesday’s wide-spread […]
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The $3418 Bitcoin price low reached in December 2018 was the probable bottom before a new bullish market cycle. The price is largely expected to consolidate for a period of time before the rate of increase accelerates.
Ethereum has just slumped to a nine month low, wiping out virtually all gains it has made this year. The move has been part of a market wide decline catalyzed by Bitcoin’s drop below $7k. Many are not convinced that ETH prices will recover at any time soon, and here is why.
Coinspeaker As DeFi Markets Reinforce, Ethereum Price Contrast Gravitating Towards the LowEthereum fell below $140 some hours back and stays somewhere in a bearish territory as prices drop to their lowest levels most of the time.
Once upon a time, Bitcoin was processing many empty blocks due to low on-chain activity. However, that is now a thing of the past. Empty blocks in Bitcoin mining pools were a pressing problem in 2015 and 2016.
Bitcoin didn’t have the best second half of 2019, plunging from a year-to-date high of $14,000 in June to $7,400, where it sits as of the time of writing this. At its lows, the cryptocurrency fell as low as $6,600, languishing as BTC buyers failed to step in amid selling pressure seemingly catalyzed by Chinese.
Nouriel Roubini, “Dr. Doom”, once again lashed out against the perceived lack of value of crypto assets. This time, he selected Ethereum (ETH) specifically. ETH Has No Intrinsic Value, Dr. Roubini Believes Dr.
Bitcoin is doing exactly what it does before the Bitcoin futures contracts on the Chicago Mercantile Exchange expire, it’s falling. After staying above $7,000 level in the second half of Monday and throughout Tuesday, today we are back in the red, going as low as $6,847 on Bitstamp. At the time of writing, BTC/USD has […]
The price of Cardano (ADA) has seemed to reach a bottom and has created strong support throughout the months of September and October. The long-term outlook is extremely bullish and suggests a breakout.
Bitcoin has continued to face heightened volatility in the time following yesterday’s sell-off that sent it as low as $6,500, as its price was able to climb nearly $1,000 after tapping this level, signaling that this may be a massive near-term support region for the embattled cryptocurrency.
They say the best time to buy is when there’s blood on the streets. What’s harder to assess is just how much more haemorrhaging there is to come. Some Asian traders are pretty confident bitcoin has seen a new low though.
On Saturday, Bitcoin bulls were afforded a glimmer of hope as the cryptocurrency jumped 8% from the Friday low of $7,400. Though, this hasn’t lasted. As of the time of writing this article, BTC has just tapped $6,600 — the lowest the cryptocurrency has traded at since the middle of May earlier this year —.
Lately, Bitcoin (BTC) has assumed a consistent bearish market trend, and analysts are skeptical of a recovery any time soon. Many of the renowned market analysts opine that the BTC price will continue dropping even lower or trade at $5,500 for months before recovery.
Total bitcoin and crypto market capitalization has plunged below $200 billion a few hours ago. It is the first time these low levels have been seen for over six months. Signals of a return to crypto winter are strong.
A rough week for Bitcoin is turning into a big hangover at the weekend as the sells keep the pressure on. For the first time in over six months BTC dipped below $7k and further losses are looking likely.
Bears are back, and they’re back with a vengeance. As of the time of writing this, Bitcoin (BTC) is trading at $7,100, having plunged as low as $6,800 — an extremely important long-term price level.
Fear flooded the cryptocurrency community this week after the value of most cryptocurrencies dropped dramatically. At the time of writing, XRP, after a brief period of uptrends, had made its way back The post XRP could breakout from pennant to a drop to yearly low appeared first on AMBCrypto.
The largest cryptocurrency, Bitcoin, dipped below the $8000 mark earlier today as the bear further pushed the coin to its 4-week low. According to Coin360, at press time, the king coin was trading at The post Bitcoin adoption could rise as volatility improves appeared first on AMBCrypto.
Love it or hate it, twitter is an integral part of the crypto scene. Sentiment is often gauged by reaction from Bitcoin market analysts and industry insiders who spend their time on the social media platform.
BitMEX, the most active futures market, is slowing down as it grinds towards the end of the year. The BTC volume on the exchange has now dropped to the lowest levels in 2019. BitMex Slows Activity to Levels of November 2018 The current BTC volumes resembles the situation of November 2018, when BTC stagnated and started to drop significantly to new lows.
Today, the leading cryptocurrency dropped almost 5% as it went from $8,800 to as low as $8,363 on Bitstamp. At the time of writing, BTC has been trading at $8,747, as per Coincodex while managing the daily trading volume of $335.
Ethereum (ETH) is closing in on the smallest volatility of all times, show recent trading data. For the past few months, ETH has traded in a tight range, with a relatively predictable price. ETH Prices Stabilize Below $200 Based on Skew analysis, the price of ETH has budged little, with the volatility index at 1.
The Bitcoin market has recently surpassed the activity levels of late 2017, when BTC started its historical rally that shot prices to an all-time high above $19,900. Futures Markets Take Over Spot Trading This time, the BTC market has made a complete recovery from the low volumes in January.
Shaken by the never-ending saga around Brexit and the global slowdown, the British economy is now showing signs that point to an upcoming crisis. The U. K. ’s biggest banks have been dealing with a growing number of loans companies are struggling to pay off.
2019 saw XRP’s yearly low touch $0.22. Since then, the cryptocurrency has been slowly, yet steadily, making a comeback. At the time of writing, XRP was valued at around $0.293, with a market cap of The post XRP could breach ascending channel up to $0.37 next week appeared first on AMBCrypto.
XRP noted a steep rise in its price across October 25 and October 26, after which it corrected itself. However, the boost in its price helped the digital asset move away from the low price zone and at press time, its value stood at $0.
Bitcoin (BTC) bulls have started to push the cryptocurrency markets into the weekly close, which is set to take place in minutes as of the time of publishing. The leading cryptocurrency is now trading for $9,600 — up a tad under 10% from Saturday’s low of $8,900.
Bitcoin (BTC) bulls have started to push the cryptocurrency markets into the weekly close, which is set to take place around four hours after this article is published. As of the time of writing this, the leading cryptocurrency is trading for $9,700 — up some 10% from Saturday’s low of $8,900.
Bitcoin (BTC) bulls have managed to retake control over Sunday’s trading session. As of the time of writing this article, the leading cryptocurrency is trading at $9,750 — around $800 higher than Saturday’s local low of $8,900, which itself represents a 10% swing upward.
On 23 October, the price of the second-largest coin by market cap, ETH witnessed a six-month low as it dropped to $157. 51 for a brief period of time. However, the coin was recovering, as it breached $190.
There are currently riots going on in Chile, Hong Kong and Lebanon. While in every place they are caused by complex local issues, there is a global problem that is an underlying trend: low interest rates which make it impossible for young people to save for their future and at the same time push housing […]
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Bitcoin posted a massive 42% gain yesterday, going from $7,400 to more than $10,000. It is the third-largest single-day swing for Bitcoin since its creation. The last few times that Bitcoin gained more than 40% in a 24-hour period, the volume was still too low for it to move quickly.
Wow. Bitcoin (BTC) has continued to rip higher after the daily close on Friday. As of the time of writing this article, the leading cryptocurrency is trading for $9,200 — up nearly $2,000 since the weekly low at $7,350 established yesterday.
There are over 108. 28 million ETH in circulation, with inflation per annum currently at 4. 49%, which now represents an all-time low. The average block time is currently 13. 27 seconds, which is near the historic record.
On Wednesday morning, Bitcoin bears finally managed to get the upper hand over bulls. For those who missed the memo, the leading cryptocurrency’s price fell by 8% or so within a few hours’ time, falling from above $8,100 to as low as $7,400 in a dramatic blow to bulls.
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The volume of bitcoin on BitMEX dropped to a seven-month low on Oct. 12 (Saturday), to below $900 million for the first time since March. On Mar. 31, on a Sunday, the daily volume of bitcoin dropped to $405 million when the bitcoin price was ranging in between $4,000 to $4,200.
Bitcoin is starting to look shaky and could potentially return to last week’s lows of $7,700, predicts veteran crypto analyst @CryptoCred. Bitcoin Holds on Above $8K BTC bulls are desperately clinging to the $8,400 level right now, but the last few days saw volumes falter once again.
After a positive last week, Bitcoin opened Monday on a negative note. Still, the Bitcoin price is stuck around $8,300. At the time of writing, the leading cryptocurrency has been trading at $8,269 with 24 hours loss of 1.
The altcoin touched its six-month low in the first week of October plunging its prices to $0. 0378. At press time ADA was trading at $0. 0407, registering a fall of 1. 05% on the 24-hour price chart.
Once upon a time, financial services didn’t need to offer much more than low fees and basic features. But now, most credit card issuers are enticing their customers with the promise that they’ll get a bit of money back.
Bitcoin Cash (BCH) proponents have recently been discussing the amount of value participants have been sending onchain. For quite some time now, statistics show the BCH chain has been moving more money than the ETH network in terms of USD value sent per day.
Cryptocurrency prices nosedived Monday as the U.S. Securities and Exchange Commission (SEC) sued the crypto exchange and its chief executive for multiple federal securities law violations.
Bitcoin (BTC) experienced a flash crash yesterday in which the price plummeted from $29,800 to as low as $27,243 in just 60 minutes. The reasons for this violent price movement, which has not been seen on the Bitcoin chart for a long time, has caused speculations about what caused the crash.
On-chain data shows the Bitcoin long-term holder SOPR has dropped to March 2020 levels as the price of the crypto crashes below $24k. Bitcoin Long-Term Holder SOPR Plunges Deeper Below One As pointed out by an analyst in a CryptoQuant post, BTC long-term holders are now realizing a similar level of loss as during March 2020.