Breaking: Bitcoin Plunges to $6,600 as Week Closes Red

2019-11-25 04:48

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 — and is trading down some 6.66% (yeah ominous, I know) in the past 24 hours.

Related Reading: Crypto Tidbits: Bitcoin Dives Under $8,000, Fidelity Bags Trust License, SEC Takes Second Look at ETF

Some say this corroborates the idea that the cryptocurrency heads lower in the coming hours. Trader Walter Wyckoff noted earlier Sunday that Bitcoin is likely to close the week under $7,500, the 100-week moving average. And it did.

This is important as the last time BTC closed under this support level, the cryptocurrency’s price fell by 35% in the three weeks that followed. If history repeats, Bitcoin could drop to the high-$4,000s or low-$5,000s and then bottom from there, then begin its next leg higher.

There’s also an analysis of Bitcoin’s one-day Relative Strength Index (RSI) from Byzantine General, which implies that the cryptocurrency will continue to bleed out towards the low-$6,000s and potentially high-$5,000s before relief is found at last.

Featured Image from Shutterstock

The post Breaking: Bitcoin Plunges to $6,600 as Week Closes Red appeared first on NewsBTC.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68809.49 (-0.05%)
Объем 24H $41.346b
Изменеия 24h: 0.26 %, 7d: -4.13 %
Cегодня L: $66916.68 - H: $68910.37
Капитализация $1360.917b Rank 1
Цена в час новости $ 7223.45 (852.58%)

bitcoin plunges cryptocurrency breaking closes week red

Источник: newsbtc.com

bitcoin plunges → Результатов: 71


Bitcoin Price Plunges to $9,610 in Violent 16% Pullback: What Caused the Collapse?

By CCN Markets: The bitcoin price has dropped by more than 16 percent within three days, slipping below $10,000, a level that has been regarded as a key psychological level by many investors. While some analysts have suggested that the sell-off of bitcoin from the operators of a scam in China may have fueled the […] The post Bitcoin Price Plunges to $9,610 in Violent 16% Pullback: What Caused the Collapse? appeared first on CCN Markets

2019-8-15 09:29


Bitcoin Price Plunges 18% in 2-Hour Crash. Are Crypto Bulls Hurting?

On June 26, the bitcoin price suddenly crashed from $13,868 to $11,350 across major crypto exchanges including Coinbase, recording an 18 percent drop against the U.S. dollar. While the factors behind the abrupt decline in the bitcoin price in the past 24 hours remain uncertain, Coinbase experienced a server outage as the dominant crypto asset […] The post Bitcoin Price Plunges 18% in 2-Hour Crash. Are Crypto Bulls Hurting? appeared first on CCN Markets

2019-6-27 11:51


Фото:

Bitcoin Price Plunges $400 Overnight But Clings to $5K Support

Bitcoin price fell $400 in minutes April 3 but broadly held onto support above $5000 as the enthusiasm from this week’s bull run continues. $5000: Bitcoin’s New Home? Data from cryptocurrency exchange Bitstamp, which tends to deliver slightly more conservative price information than many mainstream platforms, showed bitcoin price hitting a high of $5332 before retracing Thursday.

2019-4-4 12:00


Crypto Market Watch: Bitcoin Plunges Further, Altcoins Dwindle in Losses

At press time the bears have the upper hand in the cryptocurrency market. With red lights indicating price decline for almost all the top 100 cryptocurrencies, traders will find it difficult to make trading choices while weighing in on whether or not the market will continue in a downtrend or modify itself on the long […] The post Crypto Market Watch: Bitcoin Plunges Further, Altcoins Dwindle in Losses appeared first on ZyCrypto.

2019-1-21 18:40


дальше еще 22 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

0DOG and MATIC price prediction amid Polygon’s token swap

Bitcoin fell to lows of $56k again as crypto dumped amid a fresh surge in stocks. Many altcoins are mirroring this dump, including Polygon and Bitcoin Dogs. Yet, as the market experiences new downside pressure at the start of a historically tough September, most experts are doubling down on a bounce for Bitcoin in coming […] The post 0DOG and MATIC price prediction amid Polygon’s token swap appeared first on CoinJournal.

Bitcoin Remains On Top As Altcoin Season Fails To Gain Traction

The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing.