Drop

Textbook Wyckoff Analysis Shows Bitcoin Is About to See a Brutal Drop to $7,000s

Since plunging as low as $8,600 earlier this week, Bitcoin has mounted a strong comeback that took prices as high as $9,900 on June 4th and 5th. The more than 10% bounce has convinced many traders of the bull case, hence why funding on futures exchanges remains positive, showing longs are more aggressive than shorts. […]

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Dead Accurate Sell Signal Sets Up Ethereum For Epic Drop Against Bitcoin

Upon checking crypto Twitter, cryptocurrency sub-Reddits, and elsewhere in the crypto space, investors are exceptionally bullish on Ethereum compared to Bitcoin. Long positions in Ethereum continue to skyrocket, and the amount of ETH locked up in DeFi grows by the day. Yet a dead accurate sell signal has just triggered on both ETHUSD and ETHBTC […]

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Ethereum (ETH) May Be Forecasting 50% Drop Against Dominant BTC

For over two years now, Bitcoin has been outperforming altcoins like Ethereum and others. BTC dominance has continued to climb as a result. However, Ethereum may be forecasting another 50% drop on the ETHBTC trading pair that could bring dominance back to pre-bubble levels. ETHBTC Points To Dangerous Ethereum Drop Against Bitcoin In early 2020, […]

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The Signal That Preceded Bitcoin’s Drop to $3k in 2018 Is About to Flash Again

Just a week ago, Bitcoin was trading just dollars shy from $10,000. But after rumors (since disproven) spread about Satoshi Nakamoto selling his stash of BTC, the cryptocurrency has collapsed to $8,700. Some have deemed this move a “healthy” retracement, but a key indicator suggests that Bitcoin bulls have further losses ahead of themselves. Related […]

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Despite 10% Drop, Bitcoin Is Still “High Time Frame Bullish” For This Key Reason

It’s been a tough past few days for Bitcoin. The cryptocurrency has slipped approximately 10% from the $10,100 monthly highs to a recent low of $8,800, triggered by fears that Satoshi Nakamoto is dumping his BTC. Bitcoin price chart from TradingView.com While those rumors have since been disproven by blockchain analytics companies, BTC has yet […]

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$500 Bitcoin Price Crash Is Setting the Stage for a Bigger Drop; Here’s Why

Bitcoin endured a surprising sell-off on Wednesday after a mysterious entity moved 40 BTC from an address that has been inactive for a decade. Twitter account “Whale Alert” first speculated that the older Bitcoin wallet potentially belongs to Satoshi Nakamoto, who has 1.1 million BTC. Technically, bitcoin slipped after failing to cross above a long-term […]

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Fear of Altcoin Drop Hasn’t Halted Ethereum and Crypto Whales From Accumulating

After rallying over 100% from March’s capitulation lows, analysts are expecting a retracement in Ethereum, Bitcoin, and other top cryptocurrencies. They cite simple technical factors showing this market has lost the bullish momentum it had just 10 days ago. This bearish outlook, however, hasn’t stopped investors with deep pockets from accumulating Deep Pockets Are Accumulating […]

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Ethereum [ETH] Prices Drop Beneath $200 After Major Bitcoin [BTC] Sell-Off

Ethereum prices dropped by a total of 10% as it falls to the $190 level. This price drop is largely a result of the BTC price fall. Ethereum dropped by a total of 10% today as the cryptocurrency dropped beneath the $200 level and reached the $190 mark. The cryptocurrency was previously trading above $210 […]

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Analyst That Called 2019’s Bitcoin Bottom Predicts Imminent Drop to $6,400

It’s been a volatile past seven days for Bitcoin. After peaking at $10,100 some 48 hours ago, the cryptocurrency took a dive on Saturday and Sunday morning, tanking $2,000 in about the span of 20 hours. In a dramatic sell-off, Bitcoin fell as low as $8,100, crushed by a seeming stop run that was reflected […]

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Analyst That Called XRP’s Crash to $0.13 Now Fears a Strong Ethereum Drop

All cryptocurrencies, from Bitcoin and Ethereum to smaller altcoins, have been rallying over the past few weeks. Just last week, Ether hit a high of $225 — up more than 150% from the lows seen during March’s capitulation. This move has convinced analysts that more upside is in the works for all cryptocurrencies. Yet an […]

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Bitcoin Price May Drop After Halving, Historical Data Shows

Bitcoin has again rallied sharply in the weeks leading up to the impending halving event, but if historic patterns are anything to go by, the cryptocurrency could suffer a temporary price pullback following the event.

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Market Wrap: There’s a Bright Side to Bitcoin’s Drop on Worsening Unemployment

Bitcoin cooled off after jumping to its highest levels in nearly two months, when it was up as much as $9,478. Yet, stakeholders say crypto interest remains strong.

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“Simple Geometry” Shows Bitcoin is Bound to Drop Despite Healthy Consolidation

Bitcoin has stabilized above $7,500 following yesterday’s upswing Analysts are now noting that a confluence of factors suggest BTC will decline slightly before finding enough support to catalyze continuance of this uptrend This comes after a period that some traders have described as “healthy consolidation” Bitcoin has been able to maintain all of its recent […]

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Bitcoin Price Could Drop Below $3000: Silk Road Founder

Ross Ulbricht is predicting that Bitcoin’s price will move downward in the short term, drawing a parallel to a previous years-long cycle that led the flagship cryptocurrency through several waves of volatility. He notes, however, that the flagship cryptocurrency will eventually recover and achieve a vastly higher value. Long-Term Bitcoin Market Cycle Is Driving The […]

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Bitcoin Mining Difficulty Posts Second-Biggest Percentage Drop in Its History

Competition among Bitcoin miners has eased up, as the recent price drop thinned the herd, fresh data shows

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Coronavirus, the Halving and a Price Drop: Bitcoin Mining Marches On

CoinShares, a New York-based cryptocurrency service that provides advice and other services for investors, released a statement on the state of Bitcoin mining during the global uncertainty caused by the coronavirus, ahead of a planned, more thorough June 2020 mining report. In it, CoinShares’ research director Christopher Bendiksen wrote that the current talk of a […]

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Bitcoin Is Forming a Double Top At $6,000, And Now At Risk Of a Big Drop

Bitcoin is likely forming a double top pattern near the $6,000 resistance against the US Dollar. BTC price remains at a risk of a sharp decline below $5,000 if it fails to recover above $6,000. Bitcoin is showing a few bearish signs below the $6,000 and $6,200 resistance levels against the US Dollar. There is […]

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Price Drop Casts Pall Over Bitcoin Miners’ Equipment Upgrades

Bitcoin miners spent $500M+ over the past six months preparing for May’s “halving”. Last week’s price crash means they may wait longer for the payoff.

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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 Faces Drop To $8K Following Bearish Reversal Signal

Bitcoin declined more than $1,500 in the past few days against the US Dollar. BTC is now facing a drop to $8,200 or $8,000 before a strong upward move in the coming days. After forming a short term top, bitcoin price dived below $9,000 and $8,800. The price is currently consolidating above $8,500, with a […]

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Dow Futures Drop More Than 200 Points in Pre-market, No Comeback from 2-day Slide?

Coinspeaker Dow Futures Drop More Than 200 Points in Pre-market, No Comeback from 2-day Slide? Dow Futures started brightly on Wednesday morning but reversed course through the early hours. Investors are waiting for updates on the coronavirus infections around the world, especially in China, South Korea and Italy. Dow Futures Drop More Than 200 Points […]

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Ethereum (ETH) Bulls Falling Short, but will prices Drop to $200?

Ethereum (ETH) is peaking and traders, it seems are quickly taking their profits. For perspective, and to quantify how fast longs are scrambling for the exits, the second most valuable asset is down 5% in the last trading day. Ethereum (ETH) bulls Falling Short Peaking over the weekend, $20 just shy of the important $300 […]

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Crypto Markets See Red as Bitcoin Begins Correction, How Low Will BTC Drop?

Market corrections are healthy and necessary after a long period of gains. Bitcoin remains above $10k this morning but pullback potential is growing as the altcoins start to see red. Crypto markets hit a peak total capitalization of $308 billion yesterday before one swift dump resulted in an $18 billion outflow. A very slight recovery […]

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