Bitcoin poised to break current downtrend, says analyst

Trader Rekt Capital predicts a potential end to Bitcoin's June downtrend, suggesting a temporary breakout might occur soon. The post Bitcoin poised to break current downtrend, says analyst appeared first on Crypto Briefing.

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Bitcoin finds strong support at $26,000, while this new Bitcoin fork seeks huge interest from Solana holders

Bitcoin, the world’s largest cryptocurrency, has dropped further to hold at around $26,000 levels. This is the biggest drop since the FTX crash in November 2022. The downtrend in price could be attributed to the widespread token selling caused by the recent regulatory crackdown on cryptocurrencies.

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Bitcoin breaks 12-week downtrend, what’s next?

An 11% swing to the upside on Friday closed the day at $41,600.

The post Bitcoin breaks 12-week downtrend, what’s next? appeared first on CryptoSlate.

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'Technically still on a downtrend' Bitcoin needs this to reverse its price fortunes

Bitcoin reaffirmed its king coin status recently by swiftly recovering from under $30k to touch daily highs of $32,807, before correcting once again. Now, while many might think that the aforementioneThe post 'Technically still on a downtrend' Bitcoin needs this to reverse its price fortunes appeared first on AMBCrypto.

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Bitcoin Bounces as Gold Continues its June Downtrend of Nearly 8%

For bitcoin and crypto, regulation is the “single biggest driver of the bull market,” with fundamentals remaining “very strong” and retail investors still interested. The post Bitcoin Bounces as Gold Continues its June Downtrend of Nearly 8% first appeared on BitcoinExchangeGuide.

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Bitcoin Below $10,000 Could Start A Medium-Term Downtrend: Here’s Why

Bitcoin price declined over 15% in the past few days and it tested $10,000 against the US Dollar. BTC must stay above $10,000 to avoid more losses and a medium-term downtrend. Bitcoin is trading well below the main $10,800 and $10,500 support levels.

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Bitcoin’s 7.5% Plunge Open Doorways to $10,500, Per Analysts

Bitcoin plunged lower on Wednesday, continuing its correcting downtrend after hitting a near two-week high at $12,086 earlier this week. The benchmark cryptocurrency fell by up to 6. 41 percent to $11,160.

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DigiByte, Cosmos, Bitcoin Cash Price Analysis: 31 August

Bitcoin Cash, at the time of writing, was showing signs of bullishness, with the asset attempting to reverse the downtrend of the past few days. However, a confirmation of the same could still take a The post DigiByte, Cosmos, Bitcoin Cash Price Analysis: 31 August appeared first on AMBCrypto.

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Algorand, Bitcoin SV, Steem price analysis: 30 August

Bitcoin SV had been on a downtrend for the better part of August; Algorand showed signs of lowered volatility and pointed toward consolidation. Steem registered large moves both upward and downward, aThe post Algorand, Bitcoin SV, Steem price analysis: 30 August appeared first on AMBCrypto.

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As Tezos Reaches Key Support, Analysts Look Towards Chainlink for Guidance

Tezos’ price has been caught within a downtrend throughout the past couple of weeks, slowly grinding lower alongside Bitcoin and Ethereum while most other mid-cap altcoins incur parabolic momentum. Analysts are now noting that where the cryptocurrency trends next may depend nearly entirely on Chainlink, as many investors have been treating XTZ as a “slower LINK” […]

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Bitcoin SV long-term Price Analysis: 28 August

Disclaimer: The following article expands on what might be expected from Bitcoin SV's price movement over the next few weeks  Bitcoin SV's downtrend started the day it registered its high of $260 The post Bitcoin SV long-term Price Analysis: 28 August appeared first on AMBCrypto.

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Zcash, Ethereum Classic, Chainlink Price Analysis: 28 August

A persistent market downtrend has been the norm over the past few days, with Bitcoin's price fortunes having a ripple effect on the rest of the market's altcoins. This was the case with Chainlink, ZcaThe post Zcash, Ethereum Classic, Chainlink Price Analysis: 28 August appeared first on AMBCrypto.

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Triple Repeat Fractal on Bitcoin Chart Hints Dip towards $10K

A triple repeat fractal warning on Bitcoin (Symbol: BTCUSD) hourly chart is pointing to a major price dip towards $10,000. First spotted by an analyst at 100eyes, an automated crypto trading scanner, the fractal shows Bitcoin in a deja-vu downtrend.

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Decred, IOTA, Bitcoin Cash Price Analysis: 27 August

As the rallying market came to a grinding halt over the past week, most cryptocurrencies recorded corrections on their charts. The impact of the downtrend suffered by the Bitcoin market was also shareThe post Decred, IOTA, Bitcoin Cash Price Analysis: 27 August appeared first on AMBCrypto.

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Bitcoin and Ethereum Crumble While Low-Cap Coins Take the Spotlight

Coinspeaker Bitcoin and Ethereum Crumble While Low-Cap Coins Take the SpotlightFollowing the rejection from the $12,500 resistance level on August 17th, Bitcoin has endured a downtrend that has seen it lose most of the gains incurred throughout the first half of the month.

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Bitcoin Crossroads: Indicator Signals Short-Term Top, But Final Bullish Impulse Is Possible

Bitcoin price is up well over 60% year-to-date, and has recovered 200% from the Black Thursday low. The cryptocurrency broke free from downtrend resistance, and all signs point to a new uptrend well underway.

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Economist: Early Days of Bitcoin Uptrend Are Here, Breakout Has A Long Way To Go

Bitcoin price is on fire again, after spending three full months trading sideways. After busting through resistance at $10,000 and out of its downtrend, the asset quickly rocketed to over $12,000. Still, one economist says that this is just the “super early days” of Bitcoin’s next uptrend.

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Major Investment Bank Oppenheimer Bullish on Bitcoin, Highlights Instead of Gold

U. S. investment bank Oppenheimer’s analyst says gold is “extended” and has “run up a bit,” bringing attention to bitcoin instead. He sees the cryptocurrency reversing its downtrend from the $20K peak, benefiting from the dollar’s weakness.

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Bitcoin Is Reversing its Downtrend From A 2017 Peak in An Action HODLers Like to See

Bitcoin is enjoying the green ever since it broke through $10,000 over the weekend. The leading digital currency had already started moving last week, but this week, it gained momentum and is currently trading above $11,000.

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Bitcoin Price Finally Snaps Multi-Year Downtrend, but Is $20K Now Possible?

Bitcoin price set a new 2020 high after the price surged through the multi-year resistance level at 10,500.

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Ethereum Now Leading Bitcoin as ETH Breaks a 2-Year Downtrend

This week, Bitcoin continues to move upwards though at a slow pace, currently trading above $9,600. The leading digital currency might have kickstarted the greens into action, but it is carried forward by Ethereum.

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Chainlink’s Violent Rejection Leads it to Crucial Support; Will It Hold?

Bitcoin has been stealing altcoins’ thunder over the past several hours, with many smaller tokens plummeting as BTC surges past $9,400 Chainlink, despite its overt strength, is one example of a token that has posted major losses over the past day This latest decline marks an extension of the downtrend that it has been caught within throughout the past few days It has now reached a crucial support level that bulls are attempting to defend […]

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Analyst: Bitcoin to See One Final Downtrend Before Bull Run Begins

Bitcoin’s intense consolidation phase may soon draw to a close, as multiple technical patterns are now suggesting that some massive volatility is imminent. This potential trend-defining movement comes after months of range-bound trading between $9,000 and $10,000.

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Bitcoin Price Below $9,100 Today, BTC Cannot Escape Downtrend

Coinspeaker Bitcoin Price Below $9,100 Today, BTC Cannot Escape DowntrendOn Thursday, July 16th, the quotations of the BTC renew local lows after another failure to overcome the resistance line of the descending channel.

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Stellar (XLM) Breaks One Year Downtrend As Bulls Target New Resistance Levels

Stellar (XLM) has broken past a one-year downtrend to trade slightly below 1000 Sats against Bitcoin. The 24hrs pressure from the bulls was a major driving factor to the point. In a period of 24hrs, slight gains piled up to reach 21% and the bulls strengthened pressure with strong price rejection which followed in the […]

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This Unique Perspective on Bitcoin Charting Makes Bull Breakout Clear As Day

Switching Bitcoin price charts from one type to another gives a clear as day look at what appears to be a full-blown breakout into a bull market. Better yet, the price action also shows a retest of downtrend resistance turned support, which could act as a launchpad for the cryptocurrency.

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This Odd Apple Fractal Suggests Bitcoin Will Soon Pass $10,000

Looking at Bitcoin’s recent price action, many analysts expressed bearish sentiment. They primarily cite the ongoing downtrend, which began when BTC was rejected at $10,400 at the start of June.

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XRP Has Just Broken Past a Crucial Downtrend, But Don’t Bet on a Rally

Bitcoin, Ethereum, along with many other cryptocurrencies have done well in 2020. Yet the same cannot be said for XRP, which is down by approximately 10% since the start of the year. The fourth-largest cryptocurrency started the year third, but XRP has performed so relatively poorly that it has slid down a slot.

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Ethereum Could Soon Plummet 20% Against BTC; Here’s Why

Ethereum has been woefully underperforming Bitcoin over the past few days, with the cryptocurrency’s USD pair fast approaching a crucial “last-ditch” support level could catalyze a massive downtrend – should it be broken below.

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Cardano defies market-wide downtrend as correlation to Bitcoin plummets

After facing some overt weakness earlier this week, Cardano’s bulls have come back swinging, propelling ADA up by nearly four percent as the aggregated crypto market flashes some signs of weakness.

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These Three Factors Suggest Bitcoin is Already in a Strong Downtrend

It has been a rough week for Bitcoin. The benchmark crypto rallied to highs of $9,800 just a few short days ago before once again being met with massive selling pressure that caused it to slide lower.

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Bitcoin short-term price analysis: June 28

Bitcoin dipped down to $8,830 yesterday, however, it closed only 1.63% below from where it opened. While this is a relatively small move, the price seems to have conformed to a downtrend due to consecThe post Bitcoin short-term price analysis: June 28 appeared first on AMBCrypto.

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This Trend Measuring Tool Says Bitcoin Drop Is Only Just Getting Started

After a series of higher lows above the current support level, Bitcoin looked primed for a move higher. However, a recent drop setting a lower low on daily timeframes has potentially started a short-term downtrend.

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Bitcoin Sees Major Weakness as “Nasty” Technical Pattern Emerges

Bitcoin faced a harsh rejection at $9,800 yesterday that has since caused it to form a strong short-term downtrend. This has led it back to the lower-region of its long-held trading range BTC does appear to be technically weak at the moment, as buyers are struggling to guard against the heavy selling pressure that was incurred at this level One “nasty” technical pattern could now be flashing If history repeats itself, this pattern could result […]

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Bitcoin Confirms Bullish Wedge Fractal, Making $10,500 a Real Possibility

Bitcoin has slipped by more than 9 percent from its quarter-to-date top near $10,428. The move downhill has initiated a short-term downtrend with eyes towards $8,600. Nevertheless, the cryptocurrency is leaving behind a trail of lower highs and lower lows, forming a bullish wedge.

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Why This Trader Thinks Ethereum Will Rocket To $300 and Defy Crypto Downtrend

Ethereum has declined over the past 24 hours alongside Bitcoin and the aggregated cryptocurrency market. Despite flashing some signs of strength in recent times, this has not been enough to break its tight correlation with BTC.

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Report Shows That 25% of Major Institutions are Long on Bitcoin

Institutions have long been looked upon as the group that could help boost the crypto markets up to fresh all-time highs It does, however, appear that many big-name institutions already have long exposure to Bitcoin and other digital assets This exposure may still remain fairly limited, giving the market significantly further room for growth in the months and years ahead Ever since Bitcoin and the aggregated crypto market began their multi-year downtrend in 2017, investors […]

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This Technical Pattern Predicts Nightmare Bitcoin Downtrend For At Least 18 Weeks

Bitcoin has registered a generally lackluster performance over the past couple of weeks as it fails to make a decisive move. The crypto-asset has been oscillating within the mid-$9k level, all while the US stock market rockets to new highs.

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Analyst: Bitcoin May See an Extended Bear Market Until September 2020

Bitcoin’s halving came and went, but no major uptrend has begun as crypto investors had been hoping. And although the leading crypto asset by market cap has rallied steadily from lows, another three-month-long downtrend and extension of the bear market may be ahead.

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Altcoins Bleed During Last Night’s Bitcoin Pump, But Dominance Downtrend Remains Intact

Last night, Bitcoin price exploded above $10,000 in an over $600 and a 6% price increase during an epic one-hour candle. During this surge, altcoins were decimated in a flash but failed to cause the current BTC dominance downtrend to come to an end.

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60% of Ethereum hasn’t been moved in a year; will this bolster its uptrend?

Ethereum has found itself caught within an intense uptrend over the past day, with its overnight upswing invalidating the firm downtrend that the crypto has been caught within against its Bitcoin trading pair.

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Two Key Reasons Why Bitcoin Must Clear $9,300 To Start A Strong Increase

Bitcoin avoided a major downtrend and recovered from the $8,680 support against the US Dollar. BTC price is trading above $9,000, but it must clear $9,300 to start a strong increase. Bitcoin is up more than 4% and it climbed above the $9,000 resistance.

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Ethereum, Zcash bounce back as STEEM gets left in the lurch

Following a brief period of sustained losses as Bitcoin continued on its downtrend below $9k, it would now seem that on the back of the king coin's recovery, much of the market is doing the same.

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Litecoin, Binance Coin continue on steep downtrend as Dogecoin follows suit

Most of the market's altcoins enjoy high correlation stats with Bitcoin, the industry's premier cryptocurrency. And, while this is often a boon when the king coin is pumping, sometimes it's a bane, wiThe post Litecoin, Binance Coin continue on steep downtrend as Dogecoin follows suit appeared first on AMBCrypto.

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Bitcoin Analysts Eye Move to $7,000 Region as Support Begins Dissolving

Bitcoin has faced some mounting downwards pressure today that has led it to its key support within the lower-$9,000 region This downtrend comes after a series of strong rejections at $10,000, and was triggered by news of a 2009 BTC wallet moving crypto around This decline has led the crypto to invalidate a previously bullish technical formation, and analysts are now expecting it to see further downside in the days ahead Bitcoin is rapidly approaching […]

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Bitcoin Cash, ETC, Dash continue on downtrend as market fails to rally

The month of May hasn't been very good for a lot of cryptocurrencies in the market, with almost all altcoins seeing their prices fall on 1 May. However, while some coins have recovered and started a bThe post Bitcoin Cash, ETC, Dash continue on downtrend as market fails to rally appeared first on AMBCrypto.

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Professional Money Managers Loading Up on Bitcoin Post Halving

After making yet another attempt towards $10,000, Bitcoin failed to take over this important level and is currently trading under $9,500. Interestingly, the world's leading cryptocurrency is challenging the downtrend experienced after the 2017 bull run.

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Bitcoin Bears Say These 5 Metrics Will Stop BTC From Reclaiming $10K

The price of Bitcoin risks a continued downtrend as five metrics indicate higher chances of a short-term long squeeze.

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Ethereum, BNB, Algorand keep steady as Bitcoin consolidates under $10K

Bitcoin, the world's largest cryptocurrency, has consolidated its position under $10k, consolidation that followed the king coin halting a downtrend that took over the market in the days right before The post Ethereum, BNB, Algorand keep steady as Bitcoin consolidates under $10K appeared first on AMBCrypto.

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