Tag Archives: Drop

Bitcoin Struggles to Break Above $4,000, Analysts Claim BTC Likely to Drop Before Climbing Higher

ETF, Lightning, and Halving Drive Recent Bitcoin Rally

Following several consecutive days of price gains, Bitcoin’s recent price rally has stalled as BTC failed to decisively move above $4,000. It’s no surprise that $4,000 is a strong level of resistance for the cryptocurrency, as it has previously acted as a strong psychological level for BTC. Now, analysts expect Bitcoin to drop slightly before finding increased buying pressure, which could then help propel it to above $4,000. Analyst: Despite Bitcoin Price Surge, BTC Still in a Heavy Bear Market At the time of writing, Bitcoin is […]

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Bitcoin: BTC Stabilizes After Sinking Below $3,500, Analysts Claim it is Likely to Drop Further

Bitcoin: BTC Stabilizes After Sinking Below $3,500, Analysts Claim it is Likely to Drop Further

Following a long period of sideways trading, Bitcoin (BTC) has now broken down below its previously established support level around $3,500. Today’s drop appears to have allowed BTC to establish support in the $3,400 region, but further volatility could easily push it down towards $3,000, where the cryptocurrency has significant buying pressure. Analyst are conclusively bearish following BTC’s recent price move, but analysts are also quick to point out that the significant technical region that BTC must maintain above remains at $3,000. Bitcoin (BTC) Falls After Period […]

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Altcoins Plunge as Bitcoin and Crypto Markets Drop Below Recently Established Support Levels

Altcoins Plunge as Bitcoin and Crypto Markets Drop Below Recently Established Support Levels

Over the past couple of weeks, the crypto markets have experienced a persisting bout of sideways trading that didn’t allow for any major price action in the altcoin markets. Today, however, the typical crypto volatility returned in full force, sending most major altcoins and Bitcoin down significantly over the past 24-hour trading period. Today’s drop led most altcoins to break below their previously established support levels, which puts further losses in play in the near-term. Analysts: Ethereum Likely to Drop Further as Altcoins Sink Throughout the past […]

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Bitcoin Trades Flat Following Yesterday’s Drop, Where is BTC Heading Next?

Bitcoin Trades Flat Following Yesterday’s Drop, Where is BTC Heading Next?

After an extended period of sideways trading, Bitcoin (BTC) experienced a large downwards swing yesterday that caused the cryptocurrency to break below it previously established support level in the low-$3,500 region. Although this drop seemed significant, BTC has found support in the $3,400 region, and it is still holding steady well above its 2018 lows that are likely to act as a strong level of support if they are visited in the near-future. Bitcoin Holds Above Support Around $3,000 Last week, Bitcoin was caught in an incredibly […]

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After $10B Drop, Crypto Market Slightly Recovers: Why a Trader Expected Today’s Bounce

After $10B Drop, Crypto Market Slightly Recovers: Why a Trader Expected Today's Bounce

Following yesterday’s widespread crypto market plunge, most major cryptocurrencies have bounced slightly today, but they are still down significantly from where they were a week ago. The market’s recent volatility has led Tether, the largest stable coin by market cap, to briefly overtake EOS to be the fourth most valuable cryptocurrency by market capitalization. Today’s bounce in the markets was not unexpected, and many analysts had previously speculated that they were oversold. Analyst Expected Crypto Market to Bounce, Tether Climbs by Market Cap  Yesterday, most cryptocurrencies dropped […]

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TRX Drop 5.2% as Binance plan for Fiat Purchases

Crypto Market Tumbles: EOS, Tron (TRX), Bitcoin Cash, ADA Price Analysis

Tron price is down 5.2 percent a few days after BTT launch Like CoinBase, Binance will soon allow Visa and MasterCard purchases Participation level shrink by more than half from 25 million to less than 15 million After days of impressive performance, TRX is now slowing down. It is down 5.2 percent at the time of writing. Even so, bulls have a chance as long as prices oscillate above 2.5 cents. Tron Price Analysis Fundamentals Binance, the largest cryptocurrency exchange by trading volume, will in days ahead […]

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Crypto Exchange Volumes Drop to Lowest Levels For Over a Year

Crypto Exchange Volumes Drop to Lowest Levels For Over a Year

As the crypto winter deepens with no sign of a recovery on the horizon contractions have been occurring across the industry. The two notable signs at the moment are shrinking exchange volumes and a drop in crypto related Twitter activity. Trade volumes across all of the major crypto exchanges have plummeted back to levels not seen since 2017. According to research by Diar, exchanges could be set to enter a new plateau as volatility dwindles and markets cool off. So far 2019 has been particularly quiet has […]

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Bitcoin Finds Little Buying Pressure at $3,400, Analyst Claims That BTC Is Likely to Drop Further

Bitcoin Finds Little Buying Pressure at $3,400, Analyst Claims That BTC Is Likely to Drop Further

After an extended period of sideways trading in the mid-to-upper $3,400 region, Bitcoin (BTC) has failed to break through its nearest resistance level at $3,500, which has led the cryptocurrency to drop to its support level at $3,400. Although BTC has yet to break decisively below this level, one analyst believes that the lack of buying pressure at this price point signals that further losses are to come in the near-future, and that Bitcoin must see increased adoption in order for it to see steady price gains. […]

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Analyst Claims Ethereum (ETH) Could Soon Surge 90% to $200, But it May First Drop to $90

Analyst Claims Ethereum (ETH) Could Soon Surge 90% to $200, But it May First Drop to $90

The cryptocurrency markets are currently experiencing a relatively involatile day, with most major cryptos trading up or down marginally. Because Bitcoin has held support at $3,400, most cryptocurrencies, like Ethereum (ETH), are resting at, or slightly above, their support levels, which is leading many traders to express increased caution in entering any longs positions. Despite this, one prominent analyst sees Ethereum potentially gearing up for a price surge that could send it skyrocketing over 90% from its current prices. Ethereum Stable Above $100, May Drop to $90 […]

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Litecoin Led Last Week’s Crypto Market Surge, Will LTC Lead This Week’s Drop?

Litecoin Led Last Week's Crypto Market Surge, Will LTC Lead This Week's Drop?

Last Friday the crypto markets experienced an incredibly positive trading session that led Bitcoin, and many other cryptocurrencies, to surge 10% or more. This market move was led by Litecoin (LTC), which surged over 30% to erase several weeks of losses. Although Litecoin was the best performing crypto last week, it has led today’s market drop, and if it is unable to garner a significant amount of buying pressure in the near-term, it could lead the entire crypto markets to drop as the week goes on. Litecoin […]

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