Category: Blockchain Bearish

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Bitcoin Is Going Parabolic to the Downside: Why Crash to $6,400 May Be Nearing

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Bitcoin is known for its parabolic movements to the upside; BTC’s infamous rally from $1,000 to $20,000 in 2017 was a clear parabola higher, marked by rapidly-increasing highs and an eventual blow-off top, which saw BTC correct 60% within weeks after the peak. Though, the cryptocurrency also trades parabolically to the downside. A prominent analyst […]

3 Reasons Why An Analyst Thinks Bitcoin Will Plunge Below $6,400

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While Bitcoin remains up in 2019, outperforming effectively all other assets except for altcoins and Tesla, market participants have been scared by the recent reversal. In fact, one popular cryptocurrency trader, who called the bearish reversal quite well over the past few days, has warned that the macro BTC bottom might not have been established […]

Bitcoin Craters to $9,500 After Fakeout: Here’s Why It’s Time to Pay Attention

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On Sunday, analysts were starting to flip bullish on Bitcoin. The cryptocurrency, after plunging to $9,250 from $10,300 just days earlier (a drop of 10%), had mounted a recovery to $10,000, rallying higher after flatlining for a number of days. This reversal, analysts said, might be a precursor to the crypto market surging to fresh […]

Isn’t XRP the Easiest Short? Analyst Asks as Bearish Pressure Mounts

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XRP Could Plunge, Analyst Warns After Brutal Rejection Above $0.34 Last week, XRP saw a brutal rejection above the $0.34 price point, falling off a cliff all the way to $0.265 as Bitcoin saw a similar rejection at the $10,500 resistance. According to full-time cryptocurrency trader Cold Blooded Shiller, this rejection could spell disaster for […]

Bitcoin Saw a “Mega Rejection” at $9,200, And It Should be Worrisome for Bulls

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Over the past few days, Bitcoin (BTC) has stalled, finding itself between a rock and a hard place. Many analysts are currently undecided where the cryptocurrency will go in the next few weeks, though one top trader recently noted that BTC’s price action at $9,200 could be a precursor to more downside. How Bearish Is […]

Bitcoin Price’s November Close Triggers Medium-Term Sell Signals

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Earlier today, NewsBTC reported that CryptoThies, a popular analyst, noted that the Chaikin Money Flow (CMF) for Bitcoin was trending positive. The CMF, an oscillating indicator that is derived from the MACD to signal market strength, suggested that “smart money is just now flowing into the market and is trending upwards,” indicating that the cryptocurrency […]