Bitcoin faced a grim overnight rejection within the lower-$7,000 region that led it to decline all the way to its low-time-frame support at $6,800, with bulls ardently attempting to defend against the crypto dropping beneath this level. Today’s downside movement marks an extension of the bearish momentum that was first incurred during the crypto’s firm…
DetailsAnother week, another round of Crypto Tidbits. Bitcoin has effectively been flat on the week, recently returning to around where it started the week after briefly interacting with the ever-important $7,400 resistance. Altcoins, interestingly, came into their own this week, with Ethereum, Link, Tezos, EOS, among other top altcoins posting double-digit percentage gains in the past…
DetailsEthereum and the aggregated cryptocurrency market saw a sharp overnight decline that came about after Bitcoin lost the support that had been established at $7,000. This plunge has caused ETH to underperform BTC and many other altcoins, with its bulls currently attempting to establish support. Presently, Ethereum is pushing up against a massive buy wall…
DetailsBitcoin price was just rejected from above $7,000, after recently bouncing from extreme lows under $4,000. With the first-ever cryptocurrency failing to reclaim highs from even just a couple weeks prior, the asset is at risk of another catastrophic collapse to as low as $1,800, according to one cryptocurrency analyst. After a Record-Breaking Collapse, Is…
DetailsBitcoin has seen some notable fundamental growth throughout the past week – according to on-chain data – which appears to have come about in tandem with the benchmark cryptocurrency’s climb into the $7,000 region. Large players within the nascent crypto market – commonly referred to as whales – have also been fueling this fundamental growth,…
DetailsBitcoin is still struggling to clear the $7,400 and $7,500 resistances against the US Dollar. BTC price must stay above $7,080 to rally above $7,500. If not, it could decline heavily below $7,000. Bitcoin is trading in a contracting range below the $7,400 resistance against the US Dollar. A crucial breakdown support is forming near…
DetailsEthereum is trading in a contracting range below the $175 resistance against the US Dollar. ETH price seems to be setting up for the next move either above $200 or towards $152. Ethereum is facing a strong resistance near the $172 and $175 levels. The 100 hourly simple moving average at $165 is likely to…
DetailsAfter days of consolidation after rallying 100% from the March bottom, Bitcoin tanked under $7,000 just minutes ago, reaching a local low of $6,920 as of the time of this article’s writing. With this downward move, the cryptocurrency is down 6% from Thursday’s peak and down nearly 8% from the highs at $7,470. Bitcoin’s drop…
DetailsRipple is showing a few bearish signs below the $0.1980 resistance against the US Dollar. XRP price could start a strong decline if it breaks the $0.1900 support area. Ripple price is still struggling to gain momentum above the $0.2000 resistance against the US dollar. The bears were able to push the price below the…
Details
In the wake of “Black Thursday,” it seemed clear to some that Bitcoin was dead: hundreds of millions of dollars worth of BitMEX positions were liquidated, the crypto’s market liquidity dried up (accentuated by the 50% drop in a day), and Crypto Twitter briefly became a ghost town. But, as I recently cataloged in a…
Details
