Nov 27, · A flurry of historical Bitcoin fractals suggests that Bitcoin will continue its decline by another $3, Veteran trader Peter Brandt made the bearish call in a tweet published Thursday, hours after Bitcoin fell by up to percent from its local high of $19, Nov 13, · Bitcoin reversal targets as per Trading Tank. Source: BTCUSD on cryptodayly.de That is nearly $2,, which means that BTC/USD can fall to as low as $15, if the breakdown begins at $17, Nevertheless, a premature negative breakout move risks . Mar 16, · Bitcoin's latest fall comes as the U.S. Federal Reserve, working with the U.K., Japan, the eurozone, Canada, and Switzerland, tried to shore up financial markets Author: Billy Bambrough.
Bitcoin market fallAnalyst Explains Why Bitcoin Could Fall Below $15K During Q4 - cryptodayly.de
For updates and exclusive offers enter your email below. Cole Petersen 9 mins ago. Bitcoin Futures on CME plunge lower. Source: BTC1! The day exponential moving average serves as a short-term bias indicator for Bitcoin traders. Nevertheless, slipping below it extends the downside move a majority of times.
Therefore, the cryptocurrency has the potential of paring its recent losses if it manages to float above the DMA level. Bitcoin habitually retests its weekly moving average after every upside rally. Behind the short-term downbeat bias is a fractal.
Bitcoin tends to revisit its weekly moving average WMA after each of its uptrends. In certain cases, the downside correction turns into a full-fledged bearish move.
But in others, the price treats the WMA support as a floor to attempt another bullish move. More or less, Bitcoin tests the WMA wave, which means it may fall towards it in the coming sessions.
Some of their BTCs are ending up on exchanges. In the U. Investors are concerned about the global economic fallout from the coronavirus as businesses are disrupted and cities are locked down.
Across the world, schools have been shut and people made to work from home. Over the past few years, bitcoin has been likened to "digital gold" and has been seen by some as a safe haven asset to park money when markets are facing turmoil. But bitcoin, which has now erased all of its gains for the year and is in negative territory, is behaving more like a risk asset such as an equity.