#Bitcoin Price Analysis Bitcoin, Ethereum: Is it a sign of a Major Crash? Published 2 months ago on November 24, 2018 By Janet F. Sanchez Share Tweet Bitcoin Price Analysis MACD: Bearish Zone Support Level: $3450 Resistance Level: $3900 Key Points Bitcoin price fell down massively below $4000 up to $3620. Bears are on attack mode with the resistance now below $4000. The bearish pressure and panic selling could turn up to bitcoin breaking the $3450 support easily. Bitcoin Price Analysis Bitcoin price experienced a slight improvement above $4300. However battling the bears above $4400, the price failed to rise above the resistance between $4400 and $4500. There was a sharp decline in bitcoin price which led to the most major support at $4000 to be broken. Bitcoin is currently trading around $3600 to $3700 and the price will likely fall down further up to $3450 where the next support lies. This support, however, may not be able to tackle the massively panic selling going on in the market and may result in the further declining of the price. Bitcoin price is breaking its own yearly low records with the price falling up to $3620. Right now, bitcoin is trying to tackle the major selling attack and trading around $3650. Underneath the $3450 support level, there is a minor support level at $3200 and if the price falls even below this range, it could result in bitcoin reaching up to $2500 in the near future. BTCUSD 24 hour chart The 24-hour chart clearly shows that bitcoin is experiencing a panic selling as the $4000 support was broken. The sellers who were earlier waiting for a $5000 price are now steady at $4000. So most likely it is quite impossible for bitcoin to move above this range in the near future. Ethereum Price Analysis MACD: Bearish Zone Support Level: $100 Resistance Level: $115 Key Points: Ethereum price is a part of the panic selling declining below $110. The new resistance is set at $115 with a major bear attack The support at $100 is quite fragile and the current panic selling will most likely break this support easily. Ethereum Price Analysis Once the major support at $130 was broken, Ethereum price was likely to hit $100 range as there were no major buyers between this range. The support levels at $120 and $110 were also easily broken due to the panic selling which is likely from the Initial Coin Offerings which were most likely HODLERS waiting for the ethereum to reach the moon again. Currently, there are more than half of the ICO’s that still haven’t sold their Ethereum holdings. Once the price breaks the $100 support, these holders are likely to panic and start selling which may take the price sliding down to the next most major support at around $60. From this point, the price may start the correction again. ETHUSD 24 hour chart The 24-hour chart clearly indicated that Ethereum price is experiencing a huge struggle trying to tackle the bears. There is a huge chance of the coin sliding below the $100 support and start trading around $60 to $80. 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Bitcoin Lightning Network Updates 2019: Advancements and Forecast 12 Comments 12 Comments Pingback: Bitcoin, Ethereum: Is it a sign of a Major Crash? - Satoshiuncle HODLer November 24, 2018 at 10:30 pm HODL! Reply Pingback: Bitcoin, Ethereum: Is it a sign of a Major Crash? | Coin Crypto Rama Pingback: Bitcoin, Ethereum: Is it a sign of a Major Crash? - Crypto Ventures Pingback: Bitcoin, Ethereum: Is it a sign of a Major Crash? - Crypto Zone Hub Pingback: Bitcoin, Ethereum: Is it a sign of a Major Crash? – Coins News Update Pingback: Bitcoin, Ethereum: Is it a sign of a Major Crash? – BitcoinGuide.com News Pingback: Some Of The Major Strategies So You Can Make An On line Funds – The Journaling lindhussein01 Blog 048 Pingback: What do you care to do online to father income? Do you involve to grocery store your wares? Do you get abilities you mightiness correspondence forbidden on-telephone line? 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Published 3 weeks ago on January 1, 2019 By Nadja Eriksson Technical Indicators: Support Level: $3600, $3700 Resistance Levels: $3900, $4200 Key Points: Bitcoin price has found major support above $3600 which is not letting the sellers push the price downwards. Bitcoin price is gaining momentum and a lot of buyers bought bitcoin during dips in the past few days. Bitcoin might move above $4000 in short-term to test the major resistance around $4200. Bitcoin price broke the bearish trend line with resistance close to $3700 and moved above. Bitcoin will most likely break above $4000 level and test the resistance around $4200. Bitcoin Price Analysis: Bitcoin price showed bearish momentum in the past few days falling down from above $4000 to around $3600 before starting the correction. The momentum right now is however quite bullish as the robust support above $3600 pushed the price upwards with a lot of buying. The price will likely experience some dips before actually rising above $4000 to test the major resistance. BTCUSD 24 hour chart Looking at the 24-hour chart, the support above $3600 is quite strong. However, the bitcoin needs to break the short-term resistance around $3900 in order to move above $4000 to test the major resistance point. Bitcoin is currently trading around $3774.75 according to Bittrex Chart (at the time of writing). The following article showcases the viewpoints of the writer and not Coinnounce.com. The readers are advised to do their own research and analysis before investing or trading in any digital assets such as bitcoin which is quite volatile in nature. Continue Reading #Bitcoin Price Analysis Bitcoin and Gold correlation: BTC to $5500 with head and shoulders pattern? Published 3 weeks ago on December 29, 2018 By Layla Harding According to an article published by the Wall Street Journal, the price of bitcoin and gold is trading in a correlation with each other. The price of gold has mostly been trading opposite to the stock markets as gold is considered a hedge to the stock markets. From the last 5 days, gold and bitcoin have been trading in a similar pattern. According to the report, bitcoin and other top cryptocurrencies have been trading at around 0.84 correlation with the price of gold where -1 represents a complete inversion and +1 represents a correlation. Why is bitcoin rising? The article explains that large institutional investors are entering into the cryptocurrency space with Bitcoin being the primary investment. According to the publication, assets under management worth $55 million were seen by the trust in 2013. In the end of last year when the price of bitcoin was at the highest point, the assets under management also saw a rise to around $3.5 billion. For now, as the market is in a downtrend, only around $900 million are retained by the assets under management. The publication also explains that the venture capital investment in bitcoin was around $96 million in 2013 whereas it saw rise up to $500 million in 2016 and again a surge last year when the venture capital investment into cryptocurrency space was around $2 billion. With the regulation of bitcoin and other cryptocurrencies rising around the world especially the United States of America, more and more institutional investors are entering into the cryptocurrency space. Another great news for the crypto environment is the launch of Bakkt Exchange early next year which will allow the physical delivery of bitcoin futures. Other great events such as the launch of Fidelity’s digital asset business is also proving to be quite beneficial for cryptocurrencies especially bitcoin. Bitcoin Price Analysis: BTCUSD 2 month chart Bitcoin saw a whopping surge in price yesterday when the price of bitcoin increase by more than $250 in just a matter of minutes. The chart of bitcoin shows a formation of ‘head and shoulders’ which explains the high possibilities of a massive bullish run in the near future. Bitcoin might rise straightaway up to $5500 if the pattern proves to be correct. The next major resistance for bitcoin lies between $5300 and $5500. The following article is not financial advice. The readers are advised to do their own research and analysis before investing in the cryptocurrency market which is quite risky. Continue Reading #Bitcoin Price Analysis Bitcoin, Dow Jones Price Analysis: BTC heading to $4200? Published 3 weeks ago on December 28, 2018 By Nadja Eriksson Bitcoin price has started a bull run shaking off yesterday’s bear attack. The price of bitcoin has increased by more than $250 in just a matter of minutes and also the volumes are massive which indicate that this may not be a dead cat bounce. Bitcoin Price going for $4200? BTCUSD 24 hour chart After dropping to a low of around $3550 yesterday, bitcoin price has started to show bullish momentum rising more than $250 in a couple of minutes from around %3600 to $3850. Along with bitcoin, other major cryptocurrencies such as Ethereum, XRP and Bitcoin Cash are also in bullish momentum. BCH was trading around $146 just before the bull run and is currently trading around $173 (at the time of writing). ETH started the bull run around $115 and went up to $135, currently trading around $132. XRP went up from $0.3416 up to $0.3780 in a matter of minutes. The reason behind the sudden rise is not clear yet although the CME bitcoin futures expired earlier today around 5 hours back from now (from the time of writing). Dow Jones Industrial Average in a downfall: Dow Jones Industrial Average, as well as the S&P 500, have dropped significantly. At the time of writing, Dow Jones Industrial Average is currently down by around 0.38% while S&P 500 is down by around 0.27%. Though the cryptocurrency market is not directly related to the equity markets, somehow the current moves of bitcoin are opposite to the equity market charts. 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