Fundamental Development:- Ethereum was trading at $1,103.78 on the Investing.com Index on Wednesday, down 10.10% on the day. It was the largest one-day percentage loss since June 13.The move downwards pushed Ethereum's market cap down to $137.03B, or 15.20% of the total cryptocurrency market cap. At its highest, Ethereum's market cap was $569.58B. Ethereum had...
$BTC retesting $20,812 support watch it👀, last 4h close not looking good. Current 4h representing fakeout watch given support areas, still no sign of strong support.
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Fundamental Development:- Bitcoin fell as much as 14% on Monday after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" market conditions, in the latest sign of the financial market downturn hitting the cryptosphere. The Celsius move triggered a slide across cryptocurrencies, with their value dropping below...
1. BTC is in downhill as indicated in the earlier study of HS
2. We are at first AVWAP support level drawn from Jun 2019 at 20669
3. The H&S study shows, bitcoin can go as low as 14800 which also coincides with another AVWAP support from highs of Dec 2017.
4. This is great value zone and lot of contrarian will get active in this zone stabilizing the btc price.
5....
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Previous forecast on BTC was obviously invalidated once it broke out of the wedge pattern which was being respected from January 2022 until early April.
Whilst I am not a FA trader, the state of the global economy can simply not be ignored. Thus my guess is that we'll see a long bleed and eventual capitulation down to the 80-88% retracement level to safely say...
Staring at this chart from a while, it really boils down to this IMO
Wait for the trigger in the either direction before placing big boy bets.
I'm personally leaning lower. Would be a perfect play in the bigger scheme of things.
You do you, Anon
NFA
Bitcoin price is struggling at a major trend line support which hasn't been broken in entire history.
If it breaks from here..we'll see a stright fall to 20k - 12k zone.
In the other hand if it bounces from here as earlier we'll see probably a new ATH.
Considering current market situation, i don't think it will go up this year,
Times are very decisive.
The world’s largest cryptocurrency has again fallen in the hands of bears as BTC has slipped below the crucial support levels of $28K, $26K, and $24K respectively. The magnitude of downfall is around -15% on the 24H-timeframe. The primary reason behind the sharp downfall is said to be a global selloff fueled by the fear of inflation, the prospect of recessions in...
Seems like worst is not over. Breakdown below current levels will confirm a #DoubleTop breakdown. Leave about targets. Its high time to say bye bye to bitcoin at all cost. Next accident could be harsh than one can think of.
$BTC On $24,690 support, weekend daily closes bearish, Last weekly close with bearish engulfing. Warned on Jun 07 about bearish pin bar on weekly close which was followed by the recent drop. Watch $24,129, $22,379, $21,299 & $19,535. For initial resistance from here watch $27,478. Gave these support areas on May 10. RSI below 30 on weekly, on daily at 28.35, 4H at...
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I will begin BTCUSD Bybit Bitcoin Chart Analysis for June 10.
Bitcoin 30 minute chart.
Yesterday, I put some...
Fundamental Development:- Cryptocurrency lending firm Celsius Network will pause withdrawals and transfers between accounts due to "extreme market conditions", the company said on Monday, in the latest sign of pressure in the crypto industry.Bitcoin extended earlier declines after Celsius's announcement, falling more than 6% to as low as $24,888, an 18-month low....
