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Bitcoin (BTC) Price Nears Possible Short Term Bottom At $6.5K
11/25/2019 06:00

Bitcoin price is declining and approaching the next bearish target of $6,500 against the US Dollar. The price is down close to 10% and it seems like the bears are targeting $6,500 or $6,400. There is a new connecting bearish trend line forming with resistance near $7,010 on the hourly chart of the BTC/USD pair...

The post Bitcoin (BTC) Price Nears Possible Short Term Bottom At $6.5K appeared first on NewsBTC.

Bitcoin And Crypto Market Crashing: BCH, LTC, EOS, ADA Analysis
11/25/2019 05:30

The total crypto market cap is down more than $25.0B and it tested the $175.0B support. Bitcoin price is now trading well below the $7,000 level, with a bearish angle. Litecoin (LTC) price is down more than 8% and it even traded below the $45.00 support. BCH price is now trading below the main $200...

The post Bitcoin And Crypto Market Crashing: BCH, LTC, EOS, ADA Analysis appeared first on NewsBTC.

Does The Price Plunge Prove Bitcoin is Uninfluenced by Macroeconomics?
11/25/2019 05:00

When the US Federal Reserve started its program of repo agreements to help out banks in trouble, many foretold the beginning of another financial crisis. As more dollars get printed and injected into financial markets, its depreciation increases and further pressure is put on the global economy. This should be good for Bitcoin but the...

The post Does The Price Plunge Prove Bitcoin is Uninfluenced by Macroeconomics? appeared first on NewsBTC.

Ripple (XRP) Price Dives To $0.20, Recovery Presents Sell Opportunity
11/25/2019 04:30

Ripple price is down close to 10% and it even traded close to the $0.2000 support against the US dollar. The price is currently correcting higher, but it is likely to struggle near $0.2180 and $0.2250. There is a key bearish trend line forming with resistance near $0.2250 on the hourly chart of the XRP/USD...

The post Ripple (XRP) Price Dives To $0.20, Recovery Presents Sell Opportunity appeared first on NewsBTC.

Ethereum (ETH) Downtrend Gaining Pace, $125 Next?
11/25/2019 03:08

Ethereum is declining and it recently failed to recover above the $155 resistance against the US Dollar. Bitcoin price is now trading well below the $7,000 level and tested the final $6,500 bearish target. There is a key bearish trend line forming with resistance near $147 on the hourly chart of ETH/USD (data feed via...

The post Ethereum (ETH) Downtrend Gaining Pace, $125 Next? appeared first on NewsBTC.

Bitcoin Price Plummets Under $6,700: Is Below $6ks Unavoidable Now?
11/25/2019 03:00

Bitcoin has just plunged to a new six month low under $6,700 which opens up a new range of lows in the short term. The chances of a 'santa rally' are dwindling as crypto markets continue to crash back towards the deep chills of winter 2018 levels. Bitcoin Bottoms at $6,600 According to Tradingview.com BTC...

The post Bitcoin Price Plummets Under $6,700: Is Below $6ks Unavoidable Now? appeared first on NewsBTC.

Breaking: Bitcoin Plunges to $6,600 as Week Closes Red
11/25/2019 01:48

On Saturday, Bitcoin bulls were afforded a glimmer of hope as the cryptocurrency jumped 8% from the Friday low of $7,400. Though, this hasn't lasted. As of the time of writing this article, BTC has just tapped $6,600 — the lowest the cryptocurrency has traded at since the middle of May earlier this year —...

The post Breaking: Bitcoin Plunges to $6,600 as Week Closes Red appeared first on NewsBTC.

Echo Bubble Analysis Suggests Bitcoin Price to Fall to $5,000
11/25/2019 01:30

If you've perused Crypto Twitter at all over the past months, you've likely seen the term "Bitcoin echo bubble" mentioned over and over again; bears of BTC and its ilk believe that the cryptocurrency market is in the midst of effectively a "do-over" of 2018's Crypto Winter. Related Reading: Crypto Tidbits: Bitcoin Dives Under $8,000,...

The post Echo Bubble Analysis Suggests Bitcoin Price to Fall to $5,000 appeared first on NewsBTC.

Ethereum is Attempting to Form Long-Term Bottom Against BTC, Claims Analyst
11/24/2019 21:30

Bitcoin's recent turbulence has spilled over into the aggregated crypto markets, leading most major cryptocurrencies to form a close correlation with its price action – which has proven to be highly bearish for Ethereum (ETH) and other major altcoins. In spite of this near-term bearishness, analysts are noting that Ethereum may be attempting to form...

The post Ethereum is Attempting to Form Long-Term Bottom Against BTC, Claims Analyst appeared first on NewsBTC.

Make or Break: Bitcoin Price Closing In On Key Monthly Support Level
11/24/2019 20:00

The recent plunge in the crypto markets has pushed Bitcoin (BTC) to a "make or break" point — the 21-month simple moving average, which sits in the high-$6,000s at current. As analyst Byzantine General recently pointed out in a recent tweet, this level has been the point at which BTC has bounced in two previous...

The post Make or Break: Bitcoin Price Closing In On Key Monthly Support Level appeared first on NewsBTC.

 
 


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