Analyst: Chainlink Could Still Set Fresh Lows Despite Yesterday’s 30%+ Rally

After a multi-week bought of grinding lower, Chainlink saw a capitulatory decline earlier this week that came about in the form of a sharp downturn. This caused LINK to plummet to lows of under $7. 50 – marking a massive decline from its $20. дальше »

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Chainlink Forms Classic Reversal Pattern as Analysts Eye Further Upside

Chainlink saw a bout of capitulation yesterday that came about after a multi-week downtrend. This came in the form of a sharp decline that sent its price reeling from highs of $20. 00 to lows of nearly $7. дальше »

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Here’s the Crucial Level Bitcoin Needs to Close Above to Kick Off Its Uptrend

Bitcoin’s price action has not been encouraging for bulls as of late Following a short-lived bout of trading above $11,000, the cryptocurrency ultimately faced a harsh rejection at $11,200 The decline from these highs has been intense, leading the cryptocurrency to slide down to lows of $10,400 that were revisited this morning BTC now appears to be caught within a trading range with a lower boundary at $10,400 and an upper boundary around $10,600 Traders […] дальше »

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Likelihood of Bitcoin Setting “Higher Highs” Grows as Bulls Build Momentum

Bitcoin has flashed some signs of intense strength throughout the past day, with the cryptocurrency recouping some of the losses that came about as a result of its decline from $12,400 to lows of $9,900. дальше »

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Analyst: Ethereum Poised to Dip to $270 as Selling Pressure Mounts

Ethereum has been fully exposed to the weakness seen by Bitcoin and the aggregated crypto market today This has caused it to post some notable losses, with its price reeling down to lows of $325 earlier this morning before bears lost some of their momentum and the crypto rebounded back above $330 Despite some slightly positive price action seen this morning, one analyst is still noting that the likelihood of a decline down towards the […] дальше »

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Chainlink Posts Relief Rally, But One Analyst is Still Expecting $5.00; Here’s Why

Chainlink saw a massive decline earlier this week that sent its price plunging to lows within the sub-$10. 00 region. The cryptocurrency is beginning to show some signs of strength as it rebounds from these lows, with its recent lows starting to look increasingly like a long-term bottom. дальше »

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Ethereum May Dive to $295 as Bears Strike a Blow to Its Market Structure

Ethereum has seen some intense selling pressure throughout the past few days, which reached a boiling point overnight when its price declined to lows of $330 The cryptocurrency is now stabilizing following this movement, but sellers appear to be stepping up and catalyzing further selling pressure One analyst is now noting that ETH could decline as low as $295 in the near-term This downside movement may come about as a result of the selling pressure […] дальше »

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Key Reasons Why This Latest Selloff Hasn’t Hurt Bitcoin’s Bull Case

Bitcoin saw a notable selloff today that struck a heavy blow to the cryptocurrency’s technical outlook. This decline sent it down to its range lows of $11,100 that have been tested on multiple occasions throughout the past few weeks. дальше »

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Ripple (XRP) Price Nosedives, Here’s Why It Could Fuel Decline In Altcoins

Ripple declined sharply after it broke the $0. 2700 support against the US Dollar, while bitcoin and ETH remained above weekly lows. XRP price is currently recovering, but it could fail near $0. 2700. дальше »

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Ethereum at Risk of Seeing Major Downside; Here’s What Analysts are Watching

Ethereum has seen mixed price action over the past couple of weeks After rallying to highs of nearly $450 last week, the crypto faced an insurmountable influx of selling pressure that forced it lower Initially, this decline forced ETH to lows of $398 before it bounced towards $420, but today it faced another bout of selling pressure that sent it back to its $400 support Analysts are now starting to grow increasingly bearish on the […] дальше »

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Tezos (XTZ) May Plunge Towards $3.00 as Selling Pressure Ramps Up

Tezos’ price action over the past week has primarily favored sellers, with buyers being unable to catalyze any strong uptrend while also being unable to guard against today’s market-wide selloff. The decline seen by the cryptocurrency earlier today led it to plunge to lows of $3. дальше »

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Crypto Market Enters “Extreme Greed” Territory as Bulls Grow Aggressive

The crypto market has been caught in the throes of an incredibly strong uptrend ever since it bottomed in mid-March. The decline seen at this time was intense, with Bitcoin plunging to lows of $3,800 while Ethereum set lows within the sub-$100 region. дальше »

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US Dollar Could See Bearish Reversal: Is A Bitcoin Reckoning Coming?

The dollar has been in sharp decline. Analysts are calling for the global reserve to lose its crown to the likes of Bitcoin or the yuan. Sentiment has reached substantial lows. However, when dollar sentiment fell this low in the past, it often triggered a strong reversal in the currency. Such a reversal, if it […] дальше »

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Cardano (ADA) price forms strong base at $0.13, but transaction volume concerns investors

Cardano (ADA) – like all other digital assets – saw a notable decline yesterday that came about in tandem with Bitcoin’s plunge from highs of $12,000 to lows of under $11,000. The post Cardano (ADA) price forms strong base at $0. дальше »

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Ethereum Bulls Face Mass Liquidation, But Analysts Point to Signs of Strength

Ethereum saw one of the most intense drops it has seen since mid-March yesterday, with the cryptocurrency’s price reeling from highs of $415 to lows of $300 in a matter of minutes. This decline caught bulls off guard, as the crypto was previously flashing signs of overt strength as it pushed higher each day. ETH’s […] дальше »

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$500M Liquidated: Bitcoin Slides to Crucial Level Following Overnight Volatility

Bitcoin bore witness to some intense overnight volatility that came about after it hit highs of $12,000 From this point, the cryptocurrency decline to lows of $11,000 before finding some strong support Despite buyers protecting this level, its inability to post any type of strong bounce here does seem to be a negative sign for the cryptocurrency The sharp cliff formed as a result of the overnight selloff also led to massive liquidations amongst buyers […] дальше »

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53% of Bitcoin Options Just Expired, Marking a Historic Milestone

Bitcoin and Ethereum just saw their largest respective options expiry ever, marking a major milestone for the cryptocurrency market This expiry took place earlier today and it did not coincide with any intense volatility, despite what some analyst had forecasted It now appears that the volatility associated with this event did occur earlier this week It is possible that the options expiry, and investors’ anticipations about it, helped fuel the recent Bitcoin decline to lows […] дальше »

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Cryptocurrency price update: Ethereum and XRP

Bitcoin slumped to lows of $8,980 on Wednesday, the decline dragging the rest of...

The post Cryptocurrency price update: Ethereum and XRP appeared first on Coin Journal.

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Bitcoin Balance on Exchanges Hits A New 1-Year Low, Bull Market in the Making?

The market is green this week. Bitcoin is currently trading just above $9,600, up 1. 46% but on the back of $1. 6 billion spot trading volume. While the price is trending up, the BTC balance on cryptocurrency exchanges continues to decline to hit new 1-year lows. дальше »

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Bitcoin Avoids Forming a Death Cross; Instead Confirms Bullish Triangle Pattern

Bitcoin’s sharp decline seen yesterday put it in peril of losing its macro technical strength and seeing even further downside The cryptocurrency has been able to largely invalidate this weakness, as it is now pushing up towards its previous consolidation channel Its strong reaction to its recent lows allowed it to narrowly avoid forming a so-called “death cross” on its cloud indicator It also confirmed the existence of a bull-favoring ascending triangle that could fuel […] дальше »

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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 […] дальше »

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Bitcoin Could Confirm Recent Decline as a “Huge Bear Trap” if It Reclaims $9,200

Bitcoin has seen an immense downturn over the past couple of days, declining from highs of over $9,800 to lows of $8,600 yesterday. This selloff came about after multiple consecutive rejections around $10,000. дальше »

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Bitcoin Investors are Growing Fearful as Risk of Downside Grows

Bitcoin saw a sharp decline today that led it down to lows of $9,200 before it rebounded back into the mid-$9,000 region. This price action made the cryptocurrency vulnerable to seeing further downside in the days and hours ahead. дальше »

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Bitcoin Network Health Dragged Down by Waning Investor Sentiment

The past few weeks have been extremely positive for Bitcoin. Not only has the benchmark cryptocurrency has been able to erase virtually all of the losses that came about as a result of its decline to lows of $3,800 in mid-March, but it has also just concluded its third-ever block reward halving. This event reduced... дальше »

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Analysts Flip Short on Ethereum as Likelihood of a Sharp Decline Grows

Ethereum has begun finding immense stability within the $190 region following its recent dip to lows of $180 seen yesterday The cryptocurrency has been flashing some immense signs of weakness against its BTC trading pair throughout the past few weeks Multiple analysts are now noting that they anticipate ETH to decline further in the days and weeks ahead, potentially seeing losses that send it as low as $150 in the near-term Ethereum has seen a […] дальше »

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Here’s How Bitcoin Could Force Altcoins to Set “Major Lows”

Bitcoin has posted a notable upswing today that has allowed it to approach its next key resistance level at $9,500 The cryptocurrency’s intense uptrend is showing no signs of slowing down as it continues gaining dominance over the entire market Some analysts are now noting that altcoins could be positioned to see some serious losses in the weeks ahead as they all decline against their BTC trading pairs The aggregated cryptocurrency market has continued declining […] дальше »

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Analyst Who Called XRP’s Previous Lows Now Thinks It Will Hit $0.05

XRP has been able to firmly establish its position within the lower-$0. 20 region throughout the past several days, even climbing higher today In spite of this, analysts are still wary of its mid-term outlook, with one going so far as to say that he anticipates it to decline towards $0. дальше »

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Here’s Why Bitcoin’s Recovery From $3,800 Makes it the “Most Resilient Asset”

In early-March, Bitcoin incurred some of the roughest price action it has ever seen, with the benchmark cryptocurrency finding itself caught within a capitulatory decline that led it from over $8,000 to lows of $3,800. дальше »

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This Major Crypto is Poised for New Lows in 2020 as Macro Structure Degrades

2020 has been a particularly rough year for Litecoin, with the crypto closely tracking Bitcoin’s price action and trading right around where it started the year at. Although LTC has been able to avoid declining over a year-to-date period, it has severely underperformed Bitcoin in the time following its capitulatory decline from its mid-February highs.... дальше »

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Bitcoin Poised for Continued Downside as Bulls Struggle to Surmount Critical Level

Bitcoin’s decline to lows of $5,800 overnight was met with significant buying pressure that subsequently allowed the cryptocurrency to climb higher, with BTC bulls now attempting to reclaim the crypto’s previous position within the upper-$6,000 region. дальше »

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Crypto Market Highly Bearish Beneath One Level; Here’s What Could Tip the Scales

The aggregated crypto market has been struggling throughout the past few weeks, with it incurring an insane selloff that was catalyzed by Bitcoin’s decline from its mid-February highs of $10,500 to lows of $3,800. дальше »

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Shift of Bitcoin from “weak to strong hands” may be an impetus for massive momentum

The recent volatility within the cryptocurrency markets has led a significant amount of Bitcoin to change hands, with massive selling pressure overwhelming buyers and resulting in a capitulatory decline that led it to drop from highs of $10,500 to lows of $3,800. дальше »

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XRP is now nearing 3-year lows: what’s behind the massive correction?

The price of XRP is nearing a three-year low, hovering at around $0. 15. Last week, XRP fell to as low as $0. 114, which it has not hit since May 2017. The underperformance of the cryptocurrency against both Bitcoin and the USD comes as the appetite for high-risk assets is increasingly on the decline. дальше »

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Stock and Oil Markets Unravel Further, is Bitcoin Next?

Stock and oil markets extended their decline to new lows on Wednesday, as investors are in a rush to cash in amid the COVID-19 pandemic. Bitcoin has shown a striking correlation to the stock market during the last few weeks, but it has ignored today’s crash, maintaining above $5,100. дальше »

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This Emerging Pattern Signals Ethereum Could Soon See an Enormous Decline

It has been a crazy week for Ethereum and most other major altcoins, with the cryptocurrency seeing an intense selloff last week that led it to plummet all the way down to its previous bear-market lows before it was able to find any significant support. дальше »

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Ethereum Could Buck Market Trend and Rally to $180 if Key Level is Defended

The global market meltdown has continued today, with the U. S. equities market plummeting as Bitcoin and most major altcoins also post some notable losses. This decline today led Ethereum to lows of $105, which is where it was able to find some support. дальше »

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Bitcoin is About to Tap a Trendline that Could Send the Crypto Market on an Explosive Rally

The crypto market has been caught within an intense bout of volatility over the past several days and weeks, which has been led by Bitcoin’s capitulatory decline from recent highs of $10,500 to lows of $7,700 that were set today. дальше »

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XRP Poised to See Major Upside Despite Today’s Bloodbath; Levels to Watch For

XRP, like most major altcoins, has seen an intense selloff today that has been primarily driven by Bitcoin’s decline to lows of $9,500, with the benchmark cryptocurrency’s downtrend accelerating in the time following its violent break below $10,000. дальше »

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The Chainlink Bull Run May Not Be Over Yet, Despite Recent Price Decline

Chainlink has seen a massive price rise in recent times, surging to fresh all-time highs in July of 2019 concurrently with Bitcoin’s rise to its 2019 highs of $13,800. Although both cryptocurrencies have both retraced from these highs, LINK is still trading up significantly from its year-to-date lows. дальше »

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Crypto Market Update: Bulls Reverse Gains as Slight Downtrends Surface

The market reopens in a rather bearish state, highs dwindle and lows go even lower, the intensity of the decline was more pronounced in the last 24hrs. Although stability in the market at that time would have led to multiple price breakouts which would include Bitcoin and a handful of other altcoins. дальше »

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Bitcoin Whales Are the Smart Money. Don’t Be the Dumb Money

By CCN: Owners of “whale wallets” scooped up 450,000 BTC as the bitcoin market hit bear-market lows in late 2018.  It appears whales now control 25% of all BTC. Is this good or bad for bitcoin? Whales are smart money These private, non-institutional buyers decided an 85 percent decline was a buying opportunity. дальше »

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Bullish Hedge Funds Speculate on US Stock Market with an Insane Bet

By CCN: The number of U. S. hedge funds betting on more stock market volatility has reached lows not seen in months. Hedge funds and other investors speculate on volatility by purchasing Volatility Index options (VIX) from the Chicago Board Options Exchange (CBOE). дальше »

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Stock Market Storms Back as Trump Teases ‘Very Strong’ Trade Odds

By CCN: The US stock market stormed into recovery mode on Thursday afternoon after President Donald Trump revealed that he remains optimistic about the odds of the US-China trade deal that increasingly appears to have slipped from the administration’s grasp. дальше »

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Dow Bloodbath Barrels into Day 5 as Awful Jobs Data Portends Recession

The Dow and broader U. S. stock market tanked on Friday after government data showed job creation slowed to a crawl in February, stoking fears that the world’s largest economy was barreling toward recession. дальше »

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Bitcoin trade volume drops sharply as volatility flattens

We already know that we’ve recently suffered the longest continuous price decline in Bitcoin history – but analysis has shown just how much it’s affected cryptocurrency trading. Blockchain research unit Diar compiled volume data across major cryptocurrency exchanges to find trade activity has hit lows not seen in years. дальше »

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Bitcoin SV (BSV) Long-term Price Analysis – February 3

BSV/USD Long-term Trend – Ranging Distribution territories: $90, $100, $110 Accumulation territories: $50, $40, $30 A decline that occurred on January 28 in the market valuation of BSV/USD has only made it to seeing lower lows and lower highs until now. дальше »

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Analyst: Bitcoin (BTC) Support Level at $3,550 Weakening After Volatile Weekend

Bitcoin (BTC) is currently coming off of an incredibly volatile weekend where it surged to highs of $3,750 on Saturday before retracing to lows of $3,550 on Sunday. Although nothing fundamental drove this volatility, it is now becoming increasingly common to see volatility over the weekends, which is primarily due to the decline in trading. дальше »

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Bitcoin Price Analysis: Weekly TA Reveals Bulls Under Pressure

As Bitcoin closed the week on another ‘Bloody Sunday’ candle, which dropped to new 2019 lows, making yet another painful yet somewhat predictable reversal, we take a look at the price action and try to establish what we should be looking for with the week ahead. дальше »

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Ripple Price Analysis: XRP Could Retest Lows Before Higher

Key Highlights Ripple price recovered recently, but it faced sellers near $0. 2900-0. 2910 against the US dollar. There is a major bearish trend line formed with resistance at $0. 2860 on the hourly chart of the XRP/USD pair (data source from Kraken). дальше »

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EOS Worst Performer in Top 20 Amid Sharp Market Decline

The cryptocurrency market has returned to extremely bearish market conditions with several major cryptocurrencies including market leader Bitcoin recording 2018 lows. EOS has been the worst performer in the top 20 with an over 20% decline over the past 24 hours. дальше »

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