Tag Archives: Bottom

Crypto Investor Who Shorted Ethereum at $700: Bottom is Far From Over, Here’s Why

Crypto Investor Who Shorted Ethereum at $700: Bottom is Far From Over, Here's Why

It has been difficult not to get hopes up when crypto markets surge by over 20% in a couple of weeks. What should be remembered though is that the asset class is still in the midst of a bear market that has lasted for over a year. One hedge fund partner, who has been known for shorting, still thinks there is further to go before markets hit the bottom. Ethereum Momentum Slow, Devs Jumping Ship Alex Sunnarborg, founding partner of Tetras Capital, a New York City based […]

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Bitcoin: BTC Sinks Below $3,600, Nears Bottom of Recently Established Trading Range

Bitcoin: BTC Sinks Below $3,600, Nears Bottom of Recently Established Trading Range

Bitcoin (BTC) has failed to maintain its recently established position in the $3,700 region, which has led it to drop over 4% today. Bitcoin’s latest downwards leg has led the entire crypto markets to drop, and most altcoins are currently trading down around 4%. Bitcoin is now nearing the bottom of its previously established trading range between $3,550 and $4,200, which, if the former price is to be broken, could lead to another, much larger, drop. Bitcoin Plunges Over 4% Yesterday, Bitcoin surged to highs of over […]

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Crypto Market Wrap: $5 Billion Dumped to Bottom of Trading Range

Crypto Market Wrap: $5 Billion Dumped to Bottom of Trading Range

Crypto markets dump to bottom of trading range, Ethereum, Bitcoin Cash and Litecoin suffering, TenX still climbing. Following almost a week of inactivity crypto markets have started to dump again. A break through support zones for several of the major crypto assets has resulted in total market capitalization plunging back below $120 billion again for the fourth time since the end of November. Bitcoin has failed to hold above $3,700 and dumped almost 4% to an intraday low of $3,585. It is currently clinging on to support […]

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Bitcoin to Bottom Out At Below $3,000 But Could Easily Achieve 6-Figure Price

Bitcoin to Bottom Out At Below $3,000 But Could Easily Achieve 6-Figure Price

Crypto’s most fervent diehards have often been lambasted for their Bitcoin (BTC) price forecasts. Blockchain project promoter John McAfee, the eccentric millionaire behind the cybersecurity company that shares his surname, called for BTC to surpass $1 million by 2020’s end, claiming that he would consume his family jewels if the prediction doesn’t come to past. And while there’s a lot on the table — literally — his irrational claim, not backed by any form of technical or fundamental analysis, has put the now-crypto insider in a tough spot. […]

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Analyst: Recent Bitcoin Price Action May Confirm BTC is Nearing a Long-Term Bottom

Analyst: Recent Bitcoin Price Action May Confirm BTC is Nearing a Long-Term Bottom

Bitcoin (BTC) and the general cryptocurrency markets have stabilized following the recent bout of volatility they experienced this past weekend. Yesterday, however, Bitcoin’s price quickly dropped to lows of $3,550 on the aggregated markets before sharply surging back towards its current levels. One analyst believes that this drop and surge, albeit relatively small, is the result of a confluence of factors that could suggest Bitcoin is nearing a long-term bottom. Recent Bitcoin (BTC) Volatility Further Confirms Current Trading Range At the time of writing, Bitcoin is trading […]

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Bitcoin May Take Much of 2019 to Bottom Out, But There Are Catalysts

Bitcoin May Take Much of 2019 to Bottom Out, But There Are Catalysts

The search for a bottom in crypto markets has been arduous. Over the past year, day in, day out, pundits in this nascent community have sought to discern where the falling knife will stick. Yet, cryptocurrencies, like Bitcoin (BTC), have continued to trade without rhyme or reason, leaving a majority of consumers in a bear market-induced state of confusion. Yet, a leading pro-innovation venture capitalist has remarked that a bottom for blockchain-based assets is nigh, and draws ever closer with the passing of each day. Related Reading: Prominent Bitcoin Short […]

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Crypto Analysts: Bitcoin Strong After ETF Mishap Is Sign Of Bottom

Crypto Analysts: Bitcoin Strong After ETF Mishap Is Sign Of Bottom

Crypto’s worst nightmares came to life on Wednesday, as the U.S. Securities and Exchange Commission (SEC) revealed that the long-awaited Bitcoin (BTC) exchange-traded fund (ETF) from VanEck had lost steam. Interestingly, however, the value of cryptocurrencies barely budged. This simple bout of nonaction sparked a newfound influx of bullish sentiment, in spite of the ostensibly bearish news. Related Reading: 58% of US Investors Would Invest in Bitcoin via ETF: Major Hedge Fund VanEck: U.S. Shutdown Curbed Bitcoin Discussions With SEC As reported by NewsBTC previously, the American entity claimed […]

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Downtrend Confirmations Spell More Pain For Bitcoin, Where Will it Bottom?

Downtrend Confirmations Spell More Pain For Bitcoin, Where Will it Bottom?

By many accounts Bitcoin is not out of the woods and has a lot further to fall before any glimmer of a recovery or trend reversal is to be seen. A number of indicators have been used to get as accurate a price prediction as possible but the overall trend line is usually the most reliable. Bitcoin Bears Will Lurk For Longer Yesterday’s $7 billion dump has strengthened the long term trend and its downward march will continue into 2019. Bitcoin has been overwhelmed by resistance walls […]

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Bottom Line for TRX is Privacy, Justin Sun has Plans

Tron Price Analysis: TRX Underperforming 24 Hours After NiTron

Tron prices resume trend, up 1.6 percent in the last day Justin Sun plans to incorporate ZK-SNARKs and make TRX a privacy coin Transactional volumes must spike above 31 million reaffirming bulls and confirming current trend Days after a successful ICO, TRX bulls are back. It is likely that prices will expand above 4 cents. Besides, future additions of ZK-SNARKs will increase as the platform attracts privacy-centric investors. Tron Price Analysis Fundamentals BitTorrent’s BTT ICO may have been an overwhelming success indicating that Tron is indeed a […]

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Crypto Analyst Expects Bitcoin Bounce, Monthly MACD Signals Bottom

Crypto Analyst Expects Bitcoin Bounce, Monthly MACD Signals Bottom

Members of the crypto community, analysts, investors, and traders alike are all consumed with analyzing charts, both current and historic, hoping to find early signals that the bottom of Bitcoin’s now longest ever bear market is in. One particular prominent chartist and trader, believes that Bitcoin is due for a powerful bounce soon, and further suggest that the monthly MACD has started to signal that the bottom of the 2018-2019 bear market may be in, if patterns witnessed in previous bull-bear cycles are repeated. Bitcoin Ready to […]

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