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Analysts Are Watching This Level After Bitcoin Price Plunged Under $12,000

Source Node: https://bitcoinist.com/watching-level-bitcoin-price-plunged-12000/?utm_source=rss&utm_medium=rss&utm_campaign=watching-level-bitcoin-price-plunged-12000
Time Stamp: August 18, 2020 9:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin seriously broke higher on Monday, breaking above $12,400 for the first time since 2019. The asset has since suffered a strong correction to $11,900, where it trades as of this article’s writing. BTC’s drop comes after the value of gold and the S&P 500 plunged after a strong start to the Tuesday trading session. Bitcoin remains above a pivotal support level, though, that analysts say the asset must hold to remain in a bullish state. BTC is now trading below the pivotal $12,000 level. That level held as resistance

Ethereum Faces a Critical Weekly Close as Bears Shatter Key Support

Source Node: https://bitcoinist.com/ethereum-faces-a-critical-weekly-close-as-bears-shatter-key-support/?utm_source=rss&utm_medium=rss&utm_campaign=ethereum-faces-a-critical-weekly-close-as-bears-shatter-key-support
Time Stamp: August 16, 2020 3:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to maintain its momentum ever since it peaked within the $440 region The cryptocurrency is now trading right around a crucial support level that bears were able to shatter overnight Bulls are now moving the reclaim the cryptocurrency’s position above this level Whether or not it can hold above this level as its weekly close fast approaches should provide investors with significant insight into its near-term outlook Analysts are noting that a firm close above this level could allow it to see a sharp and swift

Make It Rain Gold! Winklevoss Twins on Elon Musk & Space Mining

Source Node: https://beincrypto.com/make-it-rain-gold-winklevoss-twins-on-elon-musk-space-mining/
Time Stamp: August 15, 2020 7:49 AM - Modified On: May 21, 2021 - Published By:
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The Winklevoss Twins of the “The Social Network” and “Bitcoin Billionaires” fame have said Elon Musk wants to mine gold from space. They tried to convince Barstool Sports blogger David Portnoy that Bitcoin, with its limited supply, was a better investment. Making It Rain In a Twitter video on Friday, the Winklevoss Twins tried to explain that gold was not a great hedge against the dollar. While the dollar keeps being printed, gold only exists in limited amounts… at least on Earth. Furthermore, the twins suggested that Elon Musk was

Analyst: Bitcoin Likely to Tap $10,000 Unless Bulls Spark Strong Movement

Source Node: https://bitcoinist.com/analyst-bitcoin-likely-to-tap-10000-unless-bulls-spark-strong-movement/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-bitcoin-likely-to-tap-10000-unless-bulls-spark-strong-movement
Time Stamp: August 13, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin has been oscillating between the lower and mid-$11,000 region throughout the past few days This rocky price action comes close on the heels of the harsh rejection at $12,000 that it posted this past weekend The cryptocurrency will likely continue struggling to garner any momentum as long as hovers below the upper-$11,000 region, which is where it faces some resistance Analysts do believe that some near-term downside could be imminent in the days and weeks ahead One trader is setting his sights on a move towards $10,000 Bitcoin and

The Stars are Aligning for Ethereum’s Price; But Will Bears Prevail?

Source Node: https://bitcoinist.com/the-stars-are-aligning-for-ethereums-price-but-will-bears-prevail/?utm_source=rss&utm_medium=rss&utm_campaign=the-stars-are-aligning-for-ethereums-price-but-will-bears-prevail
Time Stamp: August 11, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Ethereum has been struggling to garner any further upwards momentum in recent times This comes as the cryptocurrency struggles to break above the heavy resistance that has emerged around $400 ETH has been moving in lockstep with Bitcoin – which is also struggling to break its resistance at $12,000 Until both of these digital assets are able to push higher and shatter the massive selling pressure they are currently facing, they will likely extend their macro consolidation phases Analysts are noting that there are a plethora of different factors counting

The Price of Bitcoin Is Facing Its Final Resistance Zone Before $15K

Source Node: https://cointelegraph.com/news/the-price-of-bitcoin-is-facing-its-final-resistance-zone-before-15k
Time Stamp: August 8, 2020 10:41 AM - Modified On: May 21, 2021 - Published By:
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The price of Bitcoin (BTC) is facing its final resistance zone until the bull market is on fire. However, will it break through this resistance zone in one attempt? The charts suggest that the $11,600-12,000 area is a crucial level to break if the price of BTC is to continue moving higher. As the price of Bitcoin couldn’t break through that resistance zone, a slight drop occurred on Friday from $11,900 to $11,350, after which BTC has managed to pare most of the losses since.Crypto market daily performance. Source: Coin360Bitcoin faces

Bitcoin is Facing “Serious” Bearish Divergences as Analysts Eye Downside

Source Node: https://bitcoinist.com/bitcoin-is-facing-serious-bearish-divergences-as-analysts-eye-downside/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-is-facing-serious-bearish-divergences-as-analysts-eye-downside
Time Stamp: August 7, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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The strong momentum Bitcoin has incurred in recent weeks is now showing some signs of stalling as it struggles to break above $12,000 This signals that the resistance at this level may be insurmountable, and may also be a sign of weakness amongst bulls Analysts are now noting that it has led to a surge in bearish divergences that seem to suggest a retrace is imminent BTC now has multiple key support levels throughout the mid-$11,000 region, but its macro support that bulls must defend it at $10,500 Bitcoin has

These Factors Suggest Bitcoin Could Hit $13,900 if Bulls Defend One Key Level

Source Node: https://bitcoinist.com/these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level/?utm_source=rss&utm_medium=rss&utm_campaign=these-factors-suggest-bitcoin-could-hit-13000-if-bulls-defend-one-key-level
Time Stamp: August 5, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin’s consolidation phase within the lower-$11,000 region has resulted in a powerful push up towards $12,000 Although the crypto has yet to re-test this level, it does seem as though a movement to this level could be imminent in the near-term Multiple analysts are now offering bullish outlooks on BTC in the near-term One such trader is noting that a move up towards $13,000 could be brewing in the days and weeks ahead There are a plethora of different technical factors that could help this rally come to fruition Bitcoin

Why One Trader Thinks Bitcoin Will See a $1,000+ Plunge Despite Ongoing Upswing

Source Node: https://bitcoinist.com/why-one-trader-thinks-bitcoin-will-see-a-1000-plunge-despite-ongoing-upswing/?utm_source=rss&utm_medium=rss&utm_campaign=why-one-trader-thinks-bitcoin-will-see-a-1000-plunge-despite-ongoing-upswing
Time Stamp: August 5, 2020 2:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin is currently showing intense signs of technical strength as it races towards $12,000 once again despite the recent rejection at this level The cryptocurrency is now well-positioned to see further upside but remains within a short-term consolidation phase until it shatters this level This uptrend may be bolstered by its break above a previously formed trading range within the lower-$11,000 region One analyst still believes that Bitcoin is at risk of seeing a large near-term selloff that sends it back into the $10,000 region Bitcoin and the entire crypto

This Newly Formed Structure Could Cause Bitcoin to See Major Losses

Source Node: https://bitcoinist.com/this-newly-formed-structure-could-cause-bitcoin-to-see-major-losses/?utm_source=rss&utm_medium=rss&utm_campaign=this-newly-formed-structure-could-cause-bitcoin-to-see-major-losses
Time Stamp: August 4, 2020 7:00 PM - Modified On: May 21, 2021 - Published By:
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Bitcoin and the aggregated cryptocurrency market are currently in a precarious position following the series of strong rejections seen yesterday evening The selling pressure incurred as a result of these rejections has not yet been enough to force BTC or other assets below their crucial support levels That being said, analysts are growing increasingly cautious on BTC’s near-term outlook One trader explained that a recently emerged technical pattern seems to indicate downside is imminent It is important to note that there is one fundamental development that could invalidate this pattern