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Traders Divided Over Bitcoin’s Prospects as Price Crumbles Below $6,000

Over the past few days, Bitcoin has held $6,000 time and time again, managing to close 20 four-hour candles about this psychological level in succession. But, the cryptocurrency just an hour ago closed a four-hour candle beneath this support, cementing BTC’s reversal from $7,000. Related Reading: Bitcoin Bulls Roar as U.S. Politician Proposes ‘Two $1 […]

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Bitcoin Lacks Momentum And A Break Below $5K Could Be Trend Defining

Bitcoin is struggling to gain momentum above $5,500 resistance against the US Dollar. If BTC price breaks the $5,000 support, it could start a major decline in the near term. Bitcoin is currently trading in a range between $5,000 and $5,500 against the US Dollar. A break below the $5,000 support could set the stage […]

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Bitcoin Price Will Not Drop Below the $2000 Mark: Tone Vays

Bitcoin and crypto trading guru Tone Vays has said that the flagship cryptocurrency may have reached its price floor. If so, he advocates for investors to buy now for long-term holding.  Vays’ Tweets Reflect Optimism The notion of buying on dips as a tried-and-true investment strategy dates back generations. For Bitcoin and other cryptocurrencies in […]

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Bitcoin Falls Below $5K as Market Pain Deepens

Bitcoin fell below $5,000, but some investors maintain hopes for their long-term prospects.

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Bitcoin Plunges Below $5,000 As S&P 500 Futures Sell-Off Continues

What many didn’t think would transpire has; Bitcoin has just minutes ago plunged under $5,000 as the sell-off in global markets has continued. The price of the leading cryptocurrency is now at $4,700 as of the time of writing this. This comes as the S&P 500 and Dow Jones have posted their worst performance since […]

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Ethereum Dips Briefly Below $200, Will Bulls Push Back?

Ethereum price continued to fall this morning after a weekend slide saw all of last week’s gains wiped out. The number two cryptocurrency even briefly dipped below $200, before recovering to around $205 at time of writing. Latest Losses Crush Year-to-Date Progress It could be said that Ethereum and its ETH token had been having […]

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Bitcoin Collapses Below $8,000 as S&P Futures Post 5% Loss: What’s Next?

After closely hugging $8,000 for three or four hours, Bitcoin finally lost the support of $8,000 just minutes ago, plunging as low as $7,900 as of the time of this article’s writing and per data from TradingView. Per data from Skew.com, this latest leg lower, which is the fifth of its kind in the past […]

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Bitcoin (BTC) Signals A Dip To $8,300 As Price Drops Below Key Support Signal

Bitcoin (BTC) balances dangerously on key support level at $8,500 USD as bears threaten a push towards $6,500 USD. A drop past this key signal on the daily charts will effectively call brush off any hopes of hitting the $10,000 USD mark before the halving – a scary prospect. After a wonderful start to the […]

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Bitcoin Falls Below Moving Averages that Made Super-Bullish Golden Cross

Bitcoin recently made a “Golden Cross” where the 50-day moving average closed above the 200-day moving average, a positive development for traders who see it as a very bullish indicator. However, the benchmark cryptocurrency fell sharply right after forming the bullish crossover. The bitcoin-to-dollar exchange rate slipped below both the 50- and 200-DMA earlier this […]

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Over $183 Million Bitcoin Long Contracts Liquidated As BTC Crashes Below $9,000 USD

The “pump it” slogan is quickly turning into “dump it” calls as the price of Bitcoin continues to dip to new support levels. Once again, the price of BTC, the largest cryptocurrency, has dipped below key support level at $9,000 USD, threatening a capitulation to $8,500 USD support area. Bitcoin, the most prominent crypto, is […]

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Bitcoin Just Saw A Key Technical Breakdown: Here’s Why BTC Could Dive Below $9K

Bitcoin failed to stay above the $9,500 support and declined more than 5% against the US Dollar. BTC price is now trading in a negative territory and it could slide below $9,000. Bitcoin started a major decline below the $9,500 and $9,350 support levels against the US Dollar. The price is approaching the $9,000 support […]

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Bitcoin Price Won’t Fall Below $8.2K During This Crash: PlanB

PlanB, creator of the Bitcoin stock-to-flow (S2F) model, says the Bitcoin price is unlikely to dip below $8,200 even as the top-ranked cryptocurrency has dropped 13% over the last one week. Bitcoin Price Will Hold Above 200 WMA As previously reported by Bitcoinist, the Bitcoin price has fallen below the $9,000 mark. Taking to Twitter […]

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Top Trader: Bitcoin Likely to Stay Below $10k For Awhile Despite Halving

The bitcoin price strongly rejected the $10,000 level for the third time in the past two weeks, each time establishing a lower low. A top trader foresees BTC struggling to recover beyond $10k in the near future as momentum slows down. Why bitcoin is falling despite halving After initially surging above $10,500, the bitcoin price […]

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Bitcoin, Ethereum Prices May Dip Below $9,000, $200 Before Next Rally

From the current positions, both Bitcoin (BTC) and Ethereum (ETH) prices may sink below key levels, taking a breather before the next rally. Bitcoin, Ethereum Prices to Face Rapid Correction The cryptocurrency market will not go up all the time, and corrections from current levels are highly probable recent analysis shows. Based on Quantum Hedge […]

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Bitcoin (BTC) Dips Below $10,000 USD As Bulls Enter Panic Mode. Is It Time To Sell?

Bitcoin (BTC) dipped below $10,000USD for the first time in a week following a $500 drop in an hour. Market sentiments are turning bearish on the short timeframe charts as $9,500 USD key support levels lingers. Bitcoin (BTC) price crashed below the psychological support level at $10,000 USD in the early trading hours on Saturday […]

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Bitcoin Plummets to $9,700 in Violent Selloff After Breaking Below a Key Level

Bitcoin saw an incredibly sharp selloff this morning after previously being caught within a firm bout of sideways trading around $10,300. This latest selloff sent BTC reeling below the key $10,000 price region, marking the first break below this level since last Monday. This violent downwards movement sent the crypto plunging to lows of $9,700 […]

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Ethereum Forms a Bearish Rejection Just Below a Key Resistance Level

Ethereum has seen some sizeable gains over the past several days and weeks, although this uptrend may be short lived due to a top formation that it just posted on its daily chart right below a key resistance level. This comes shortly after the cryptocurrency broke below its macro adoption curve, and the confluence of […]

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Bitcoin Price Downturn has Leading Analyst Call it Quits for Bulls Below $7650-$7800

Bitcoin [BTC] drops below the support from the descending channel as leading derivative’s trader Tone Vays calls it quits for the bulls. In his recent trading Bitcoin update, he mentions that the current pump, though impressive, could be another dead-cat bounce. BTC/USD 4-Hour Chart on Bitstamp (TradingView) Nevertheless, it doesn’t necessarily open short signals as […]

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Lucky Number 7? Bitcoin Closes Six Consecutive Weeks Below $7,500

While much of the world may have been tuned into the 77th Golden Globes awards to see who took home the award for Best Motion Picture, Bitcoin investors couldn’t take their eyes off the weekly candle close last night. The first-ever cryptocurrency has been stuck in a downtrend for months, and last night’s close was […]

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Bitcoin Bears Rejected $7,300, Price Vulnerable Below $7K

Bitcoin was rejected on a few occasions near $7,260 and $7,300 against the US Dollar. The price is currently declining and it remains at a risk of more downsides below $7,000. There is a declining channel forming with resistance near $7,180 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum is […]

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Tether Has Been Below $1 For Six Months, And Its Bearish For Bitcoin

Bitcoin has managed to hold above the $7,000 level until the end of the year but could turn bearish in the short term the new year begins. Tether price action has been weak since July 2019 and it is not a good sign for BTC. USDT and Bitcoin Demand Correlation Tether has always been a […]

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Bitcoin [BTC] Price Falls Below Bullish Resistance to $7200 as Fear Keeps Growing

Bitcoin [BTC] price fell below resistance around $7300 as the price dipped to a low at $7199. Bitcoin trader, CryptoFibonacci, tweeted on the resistance and support around the falling the wedge. He tweeted, That 38.2 Fib retrace is the first area to clear for bulls. If it does not move up soon, bulls will get […]

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Bitcoin could fall below $6K in the Q1 of 2020, according to this analyst

While 2020 is just around the corner, everyone from the cryptocurrency industry has been speculating Bitcoin’s price movement for the next year. Former Wall Street trader and a prominent influencer in The post Bitcoin could fall below $6K in the Q1 of 2020, according to this analyst appeared first on AMBCrypto.

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