Bitcoin Has Moved to ‘Stranger Hands’ But The Market Direction Remains Uncertain

2021-5-21 17:50

Bitcoin continues its choppiness after the drawdown of 54%. While the cryptocurrency briefly saw $43k after falling to $30,000, It was hovering around $41k but has since dropped nearly 8% in the last hour to $37.

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$ 96607.17 (-0.38%)
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bitcoin hovering around falling dropped hour nearly

Èñòî÷íèê: bitcoinexchangeguide.com

bitcoin hovering → Ðåçóëüòàòîâ: 126


Ôîòî:

Here’s Why Analysts Expect Bitcoin to Plunge Lower in the Near-Term

It has been a relatively uneventful day for Bitcoin, with the benchmark crypto ranging sideways following the immense decline seen yesterday that sent it down to $14,800 The buying pressure at these lows proved to be too much for bears to handle and instantly sparked a “V-shaped” recovery BTC is now hovering within the lower-$15,000 region, struggling to gain any upwards momentum as its buyers and sellers reach an impasse This trend of stability may […]

2020-11-11 21:00


Bitcoin is Hovering Above a Crucial Level; Here’s What to Watch For

Bitcoin and the entire crypto market are still caught in the same consolidation phase that they have been trapped within throughout the past few days The market has been struggling to maintain its momentum as its buy-side pressure wanes BTC’s current stability isn’t overtly bearish, however, as it also indicates that sellers don’t have any serious backing at the moment Where the entire market trends next likely depends on Bitcoin, which is currently trading above […]

2020-10-15 21:00


Ôîòî:

This Pattern Suggests Bitcoin May Soon Reel Lower and Tap Fresh Lows

Bitcoin is currently caught within an incredibly tight bout of sideways trading, with its price mainly hovering around $10,500 for the past couple of days Overnight, bears did attempt to spark a sharp downside move when they pushed the crypto as low as $10,400 This dip was fleeting, as bulls quickly propelled it back up to its current price level BTC’s inability to form a decisive trend comes as it trades between two crucial levels […]

2020-9-24 21:00


Ôîòî:

Here’s Why Bitcoin May Face a Harsh Correction Before It Can Rally Higher

Bitcoin is in the process of stabilizing following the swift rebound it incurred overnight This allowed the benchmark crypto to climb from lows of $11,150 to highs of $11,500, around which price it is now hovering around Analysts are noting, however, that there is a path forward for the cryptocurrency to see a much stronger correction than the one seen yesterday One trader is watching for a rejection at $11,700, as he notes that this […]

2020-8-29 02:00


Ôîòî:

Bitcoin’s Price is Hovering Above “Last Ditch” Support Following Recent Selloff

Bitcoin is currently teetering above its crucial support at $11,300 This level has been holding strong over the past day, but an influx of selling pressure has put it at risk of being broken below in the near-term This level also happens to coincide with the benchmark crypto’s 200-day ema, which is a crucial technical level that must be defended If this technical and horizontal support is lost in the days ahead, BTC could be […]

2020-8-27 02:00


Ôîòî:

Bitcoin Could Retrace to $9,000 if it Breaks Below This One Key Level

Bitcoin is now hovering within the mid-$11,000 region following the intense bout of selling pressure it witnessed yesterday The decline beneath $11,200 was quickly absorbed by bulls, although BTC remains in a somewhat precarious position One analyst is pointing to massive support just below where the crypto is currently trading as a bullish factor That being said, other traders are cautioning that BTC is getting closer to a key level that could lead the crypto […]

2020-8-13 02:00


Ôîòî:

Bitcoin is Flashing Signs of Weakness as It Trades Below Crucial Level

After another failed breakout attempt, Bitcoin is once again hovering just above its crucial $9,200 support The entire crypto market is currently expressing some signs of weakness This weakness may be rooted in BTC’s decline beneath what one analyst is describing as a crucial level He notes that a daily close beneath $9,230 would make a compelling case that further downside is imminent This comes as multiple technical indicators all point to an imminent surge […]

2020-7-15 02:00


Bitcoin is About to See “Nasty Price Action” if it Breaks One Crucial Level

Bitcoin has entered yet another consolidation phase, this time hovering around $9,200 as it reestablishes its position within its previously held range between $9,000 and $9,300. The cryptocurrency’s recent price action has done little to offer any significant insight into its macro outlook, as it still remains caught within its long-held range between $9,000 and […]

2020-7-12 01:00


Ôîòî:

This Indicator Shows Bitcoin Hit a Pivotal Level; Why Bulls Are in Control

Bitcoin has extended its newfound consolidation phase as it trades around $9,200 Both its bulls and bears have reached an impasse, with neither group being able to catalyze any clear momentum It now appears that BTC is positioned to see further sideways trading in the near-term, but one indicator is showing that the tides are shifting into bulls’ favor This comes as the crypto’s “Unspent Bitcoin Map” signals that there is massive support hovering just […]

2020-7-12 19:00


Ôîòî:

Ethereum Could Set a “Lower Low” if It Breaks Beneath This Crucial Level

Ethereum is now showing some signs of underlying weakness despite seeing some strong price action over the past few days After hovering within the upper region of its long-established trading range, the slight downwards movement seen by Bitcoin and the aggregated market has forced it lower It hasn’t declined beneath any crucial support levels yet, but several sit just below where it is currently trading at One analyst is noting that its closest support is […]

2020-7-11 23:00


Ôîòî:

The Last Time This Indicator Emerged, Bitcoin Dropped 50%. It’s Back

Bitcoin has shown some continued signs of weakness today due to its inability to garner any clear upwards momentum It is now hovering within the lower region of its long-held trading range, and it remains unclear as to just how long this support will last for Its latest decline lower has caused it to grow weak from a technical perspective One crucial indicator that has been bullish throughout the past several months just flipped bearish […]

2020-6-27 21:00


Ôîòî:

Here’s the Critical Price Level That May Kick Off Ethereum’s Next Bear Trend

Ethereum investors have gained little insight into the cryptocurrency’s trend over the past few weeks Despite being stuck within a wide trading range, it is important to note that ETH has been hovering just above the lower boundary of this range over the past few days This has marked an underperformance of Bitcoin and many of its other peers, but an overnight dip below this level was quickly absorbed by buyers Analysts are still forecasting […]

2020-6-20 23:00


Ôîòî:

This Silver Fractal Suggests Bitcoin Could Soon See a Parabolic Rally

Bitcoin’s well-established consolidation trend is showing no signs of ending anytime soon, as the crypto is still hovering within the mid-$9,000 region Each attempt to break above or below the upper and lower boundaries of its current trading range have been unsuccessful There is, however, one fractal pattern that bodes well for the crypto’s bulls One analyst is pointing to similarities between previous silver price action and Bitcoin for insights into where the benchmark digital […]

2020-6-18 21:00


Ôîòî:

These Simple Factors Suggest Bitcoin May Soon See a Massive Plunge

Bitcoin has once again extended its long-held bout of sideways trading, as it has now been hovering around $9,700 for the past few days The crypto did decline to lows of $9,400 this weekend, but buyers quickly absorbed the selling pressure that was driving this movement It now appears that there are some factors that suggest a downside movement could be imminent If these factors are enough to shatter a key trendline Bitcoin bulls have […]

2020-6-9 21:00


It’s Decision Time for Bitcoin: These are the Price Levels Analysts are Targeting

Bitcoin has been firmly caught within a bout of consolidation over the past few days, largely hovering within the lower $9,000 region It appears that it is decision time for the cryptocurrency, as how its ongoing period of sideways trading resolves could set the tone for where it trends in the weeks ahead This next movement could be quite drastic, as some analysts are noting that it could result in a $1,000+ candle Bitcoin has […]

2020-5-24 19:00


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