Tag Archives: Below

Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline

While a long-term chart indicator has just made a bullish call, bitcoin (BTC) is struggling to gather upside traction and looks vulnerable near the seven-week rising trendline support. In what was possibly going to gift bitcoin prices a lift, the 50-day moving average (MA) has crossed above the 200-day MA, confirming a golden crossover, a long-term bull market indicator. Continue reading Golden Cross Gives Little Relief as Bitcoin Risks Fall Below 2020 Bullish Trendline

Bitcoin Price Plunges $500 Within Minutes to 5-Month Low Below $7,500

The bitcoin price has plunged by nearly 10% on Wednesday to fall near a 5-month low. After flirting with a move to the upside above $8,000, the leading cryptocurrency dropped sharply below to just under $7,500. Other major-cap cryptocurrencies also followed Bitcoin’s spiraling crash by falling between 4% and 9% in value. The most adversely affected were the Bitcoin variants – BCH and BSV. Continue reading Bitcoin Price Plunges $500 Within Minutes to 5-Month Low Below $7,500

Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades

Ethereum Classic (ETC) has been a good performer in the last few months contrary to investor expectations and past experiences. It seems that the new leadership under ETC Labs is doing enough to convince investors that the cryptocurrency has a promising future and it has here to stay despite the ETC Dev shutdown or the recent 51% attack. The daily chart for ETC/USD shows that it rallied better compared to most cryptocurrencies and doubled in price from its December, 2018 low. That being said ETC/USD has faced a clear rejection at the top of the ascending channel it has been trading in for the past few months. The price now trading below its 200 day EMA and is ready to decline towards the bottom of the ascending channel. Continue reading Ethereum Classic (ETC) Risks A Fall Below $6 As Bullish Momentum Fades