Bitcoin Price Slips Again: Is This the Start of a Bigger Drop?
Bitcoin price started another decline below the $57,200 zone. BTC is showing bearish signs and might soon test the $55,000 support zone. Bitcoin is gaining pace below the $58,000 support zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $58,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $57,650 or $58,000 resistance levels in the near term. Bitcoin Price Takes Hit Bitcoin price extended losses below the $57,500 support....
Related News
Bitcoin price is gaining bearish momentum below $112,500. BTC is struggling to recover and might continue to move down toward the $105,500 level. Bitcoin started a fresh decline below the $112,000 zone. The price is trading below $112,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $112,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $112,500 resistance zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline after a close below the $113,500....
MATIC fell to its long-term support level on Saturday, following a surge in price during Friday’s session. This came as both RUNE and LUNA also dropped, and traded by as much as 5% lower to start the weekend.
Polygon (MATIC)
During what has been a bearish start to the weekend, MATIC was one of the biggest losers so far in Saturday’s session.
MATIC, which traded at its long-term resistance level of $1.50 on Friday, fell all the way to its support point earlier today.
As of writing, Saturday saw MATIC/USD drop to a bottom of $1.35, which is....
The Greek deal continues to weigh on Bitcoin which witnessed a cut of $4.79 or 1.63%. It now seems that Bitcoin could be setting the stage for a bigger move. Technical analysis of the below given Daily BTC-USD chart reveals a bigger picture than yesterday's decline. Bitcoin Chart Structure - With yesterday's drop, Bitcoin has neared the upward sloping support line which is expected to cushion the price near $278-280. However, the higher top, higher bottom price structure is comfortably maintained. Moving Average Convergence Divergence - The MACD and the Signal Line report healthy values....
After reaching an all-time high on June 8, Bitcoin’s hashrate dropped during the recent bitcoin price drop on June 12-13 to a low of 182 exahash per second (EH/s). While bitcoin’s USD value remains under the $23K zone, Bitcoin’s hashrate has managed to climb back above the 200 EH/s region.
Hashrate Drops to 182 EH/s and Bounces Back Above 200 EH/s, Over 741 Million Bitcoin Transactions Confirmed
Close to a week ago, Bitcoin’s hashrate tapped an all-time high at 292.02 EH/s at block height 739,928 and since then, it has dropped down to just above the....
SOL was trading lower to start the weekend, as prices slipped on Saturday. This comes as bears re-entered the market following a week of consolidation. ATOM was one of the biggest movers, falling by 10%. Cosmos (ATOM) After climbing by over 15% on Friday, ATOM was one of the biggest losers on Saturday, as prices fell by over 10%. ATOM/USD followed up yesterday’s peak of $12.12 by falling to an intraday low of $10.82 to start the weekend. The move comes as ATOM moved back towards its floor of $9.90, just as some were preparing for a rally towards $15.00. However, instead of this, we....