BTC price loses $42K after fresh rejection puts focus on ‘worst case’ Bitcoin...
It’s all to play for as Bitcoin price action lingers above $40,000, but predictions are already in of a dip even lower. Bitcoin (BTC) fell below $42,000 on Tuesday, Sept. 28, as the largest cryptocurrency worsened overnight losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC bulls run out of steam at $44,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching local lows of $41,670 on Bitstamp.The fall followed a $1,000 hourly loss late Monday, which firmly halted any bullish hopes from the weekend’s high of $44,400.The turnaround was broadly....
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After a rejection from $2.2 at the start of the weekend, the XRP price is now struggling to regain its momentum. This is especially hard given the fact that the altcoin saw the rejection from a major supply zone, and this has dealt a blow to the bullish momentum. This rejection doesn’t bode well for […]
Bitcoin price is still plummeting from a rejection at new highs set this weekend, and struggling to maintain support at former resistance levels. On the way down, the buying pressure has been far less than it was on the way up, which has one top cryptocurrency quant analyst warning that fresh USD capital is necessary […]
Crypto analyst MadWhale has raised the possibility of the XRP price experiencing a breakdown below the crucial $2 support level. The analyst also revealed the next major support if XRP drops below this support level. XRP Price Could Drop To $1.90 If It Loses $2 Support In a TradingView post, MadWhale predicted that the XRP price could drop to the major support at $1.90 if it loses the psychological $2 level. He noted that XRP has demonstrated a classic triple-top formation, with each successive peak showing weaker momentum. In line with this, the analyst asserted that a break below the 42....