Tag Archives: Crash

Bitcoin has acted weak over the past few days, falling as low as $8,950 as touching $9,800 on Monday. Yet there are technical signals suggesting that a bull trend is soon to appear. One signal that was last seen at the start of the March crypto rally is about to …

Whale manipulation did not crash the price in March 2020, asserts Stock-to-Flow creator PlanB. The analyst claimed that the cryptocurrency’s growing correlation with the U.S. benchmark S&P 500 led it lower. He further noted that Bitcoin’s wild downside price actions in November 2019 and December 2019 appeared in the wake …

It’s clear that Bitcoin is building towards a breakout. The cryptocurrency has converged towards supports in low-$9,000s, with volatility reaching multi-week and multi-month lows. Unfortunately for bulls, a textbook chart pattern is predicting that Bitcoin will break lower from this range, likely to fall towards the $8,000s. Related Reading: BTC Hash …

Earlier this week, Bitcoin sustained a heavy drop. The cryptocurrency, just 24 hours after attempting a $10,000 break, plunged nearly $1,000 in the span of 12 hours. The move brought the cryptocurrency from around $10,030 to $9,050. Analysts are divided over what technical damage the drop caused. Some say that …

Bitcoin failed at yet another attempt to break bullish above $10,000 on Wednesday. The cryptocurrency’s sharp pullback from the crucial resistance level has raised its possibilities of falling towards $8,800. One prominent analyst sees the breakdown as an opportunity to launch a bull run above $10,000. Bitcoin could be at …

Just nine weeks ago, the crypto market fell off the face of a cliff. Within 24 hours, from the peak to trough, the price of Bitcoin fell by more than 50% from ~$7,600 to $3,700. It was a move caused by a global liquidation event in all markets, triggered by …

Bitcoin formed a super bullish Golden Cross on May 20, 2020. Nevertheless, the cryptocurrency plunged by up to 9 percent in a contrary move. Earlier in February 2020, Bitcoin’s Golden Cross formation had followed a 61 percent price crash. On May 20, 2020, Bitcoin formed a Golden Cross, a widely-tracked, …

The Bitcoin price rallied enormously in the weeks leading to its third mining reward halving on May 12, 2020. Many analysts believe the cryptocurrency would undergo a deep price pullback after the event, citing historical patterns. But the fractal ignores one crucial factor that led the bitcoin price lower after …

Bitcoin price action has been positive over the last few weeks, following the Black Thursday collapse last month. Crypto investors have been breathing a sigh of relief that a higher low was set just ahead of the halving. However, could an unusual astrological event coming this June cause another collapse …

Sellers eye $8,000 as an area for short-term reversal and a major Bitcoin whale says the halving is already priced in Source link