$295m liquidated, crypto outlook darkens as Bitcoin downtrend continues

Crypto investors suffered the biggest liquidation in over a week as Bitcoin and most altcoins continued their downtrend.  Bitcoin and altcoins liquidations rise Data compiled by CoinGlass shows that total liquidations on Friday, Sep. 6, jumped to over $221 million,…

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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 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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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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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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Bitcoin Just Broke Its Short-Term Downtrend; Here’s How High It Could Rally

Bitcoin was finally able to recapture its position above $9,000 after an extended period of trading beneath this level The cryptocurrency now appears to be gearing up for a big push higher as it maintains a firmly bullish market structure This bullishness could be further bolstered by its recent ability to break above a descending trendline that had previously been guiding it lower After making multiple attempts to break back above $9,000, Bitcoin buyers were […]

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Bitcoin Hasn’t Done This Since 2015 Before Its 10,000% Bull Run

Bitcoin price experienced a huge 20% surge in value last week, but one indicator suggests BTC could still be in a downtrend.

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Even After 90% Crash from Highs, Analyst Thinks XRP is “Wildly Overpriced”

Since the blow-off top at $3. 30 seen at the start of 2018, XRP has been in a consistent macro downtrend. Even as Bitcoin and other cryptocurrencies roared higher in mini bull markets, the cryptocurrency’s price has been muted, trending lower and lower over time with seemingly no bottom to speak of.

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Could Bitcoin’s Next Halving Be a ‘Non-Event’ Compared to 2016?

With less than three weeks to go until the next highly-anticipated Bitcoin halving, cryptoasset markets are still in a weakened state leading analysts to suggest it could be a total ‘non-event.’ Bitcoin prices have climbed to another weekly high this week, but markets still remain generally bearish as technicals are still painting a downtrend on longer […] The post Could Bitcoin’s Next Halving Be a ‘Non-Event’ Compared to 2016? appeared first on BeInCrypto.

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Bitcoin’s Implied Volatility Craters as Traders Eye Technical Weakness

Bitcoin’s implied volatility has been caught within a consistent downtrend throughout the past several weeks This comes as global instability mounts and as BTC’s mining rewards halving fast approaches Following the massive volatility seen in mid-March when the cryptocurrency declined from roughly $8,000 to lows of $3,800 in an unprecedented movement, Bitcoin’s implied volatility has been consistently declining.

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Bitcoin on Brink of Serious Downside as Risk of Losing Support Grows

Bitcoin is at risk of seeing further downside as it tests a key descending trendline Some top traders are warning of BTC posting major losses in the coming days and weeks In the time following the tempered signs of weakness Bitcoin showed yesterday when it dipped below its key support at $7,200, the benchmark cryptocurrency has further extended this downtrend as bulls now defending against a dip below $7,000. This weakness has led BTC down […]

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Bitcoin Dominance: 2-Year Uptrend Breaking Could Spark Altcoin Boom

Bitcoin dominance has not only broken down from a two-year-long uptrend, but it has also retested the trend line as resistance and failed to reclaim the key level. With trend line support now confirmed as resistance, its likely that Bitcoin dominance could see an extended downtrend in the days, weeks, and months ahead. But what...

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Bitcoin Bull Market Won’t be Happening Immediately After the Halving: Bitmain CEO

Bitcoin is currently trading above $6,300, still down over 14% on a year-to-date basis but up more than 60% from the 2020 low of $3,850. Since mid-February, when BTC/USD went to $10,500, the world’s leading cryptocurrency has been on a downtrend, acting like a risk-on asset just like the stock market as COVID-19 cases continue […]

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Ethereum Is In Downtrend But This Variable Can Trigger A New Rally

Ethereum failed to clear the $142 resistance and started a fresh decline against the US Dollar, similar to bitcoin. ETH price could soon test the main $120 support area, where the bulls might emerge.

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Bitcoin (BTC) Price Fails to Rally Even After Fed's Massive Rate Cut

The Bitcoin (BTC) price resumes its downtrend after a Fed-driven fakeout

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$785m Liquidated: Bitcoin’s Plummet to $4,800 Leads to Another $120m in Liquidated Positions

Bitcoin’s insane plunge seen early this morning has shown no signs of slowing down as the benchmark cryptocurrency’s bulls seem to disappear. This intense downtrend has now cut as deep as $4,800 and has put BTC at jeopardy of seeing a movement down to its post-2017 crash lows of $3,300. This latest movement to sub-$5,000...

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Oil Market Shows Why Bitcoin Downtrend is Far From Over

Oil and Bitcoin rebounded in tandem after falling to record lows earlier this week. International benchmark Brent crude surged more than 11 percent to $37. 13 per barrel after its most significant fall since the 1991 Gulf War on Monday.

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This economic model shows Bitcoin on track for a 1000% climb despite recent selloff

Bitcoin (BTC) has been subjected to an unrelenting downtrend over the past few weeks, which has occurred in tandem with the selloffs seen by more traditional asset classes. This has led the digital asset to erase the bulk of its 2020 gains, and potentially invalidate the bullish market structure resulting from this recent uptrend.

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This Simple Indicator Shows Bitcoin Could be Poised for a Major Bounce

It has been a rough past few days for Bitcoin (BTC) and the aggregated cryptocurrency market, with the benchmark crypto’s ongoing downtrend leading most major altcoins to see capitulatory selloffs. This bout of significant downside is occurring against a backdrop of bearishness within the global markets, and BTC’s confirmed status as a “risk-on” asset seems...

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Top Analyst: Ethereum Could See Significantly Further Losses Before Becoming Bearish

Ethereum has had a rough day, with the market-wide downtrend sparked by Bitcoin’s recent selloff leading the cryptocurrency to plummet over 10% as it erases nearly all of the gains that incurred throughout the course of its intense parabolic rally in early-February.

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Bitcoin (BTC) Plunges to $8,300; Here’s What Analysts Are Thinking

Bitcoin really hasn’t done well over the past day. After printing a false breakout candle on Saturday that brought the price of the asset to $9,200, there was a rapid and violent reversal. What followed was a dramatic and steep downtrend that has taken the price of BTC as low as $8,300 just last hour (as of the time of this article’s writing), marking a 10% drop from the highs.

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Bitcoin Enters Accumulation Phase as Analysts Watch These Key Levels

Bitcoin’s turbulent price action seen throughout 2020 has primarily favored bears over the past week, with the cryptocurrency’s recent rejection at $10,000 sparking an intense downtrend that led it as low as $8,400.

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Recent Gold Price Plunge Boosts Bitcoin’s Safe-Haven Stance

Bitcoin has been in a daily downtrend for the last two weeks and most news headlines have been talking about how Bitcoin is definitely not a safe-haven because it hasn’t been able to recover while Gold was seeing higher highs every day.

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This Crypto’s 10% Plummet Could Provide Ideal “Buy the Dip” Opportunity

The aggregated crypto market has been caught within a firm downtrend over the past several days and weeks, but one top crypto has been able to buck this trend, rallying to fresh all-time highs against its Bitcoin trading pair yesterday before incurring a selloff today.

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Bitcoin Price Trumps $8.5k Low But A Significant Bounce Might Be On The Way. Here’s Why

Bitcoin continued with its daily downtrend hitting new lows and has bounced off $8,455 yesterday. The daily RSI was getting dangerously close to the oversold zone and we might see the digital asset experience at least a relief bounce up to $9,000 before the bears can take over again. For the last two days, Bitcoin […]

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Bullish For Bitcoin: COVID-19-Driven Rate Cuts Are Coming

Global markets have been in a proverbial bloodbath over the past couple of days. Gold, which had defied the downtrend for a few days, has also joined in the sell-off. The markets appear to be responding to the potential of the coronavirus to upend the global economy.

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