Bears apply the pressure as Bitcoin price revisits the $41K ‘falling knife’ zone

"Don't fight the trend" is an old saying in the markets, and there are other variants of the phrase like "never catch a falling knife." The bottom line is that traders should not try to anticipate trend reversals, or even worse, try to improve their average price while losing money. It really doesn't matter whether one is trading soy futures, silver, stocks, or cryptocurrencies. Markets generally move in cycles, which can last for a few days to a couple of years. In Bitcoin's (BTC) case, it's hard for anyone to…

Bitcoin Cash is on the brink of falling below 1% of Bitcoin’s price

Bitcoin Cash (BCH) holders have no reason to celebrate, despite the 46% year-to-date gains in U.S. dollar terms. One year ago, the altcoin was the third-largest by market capitalization. It now risks dropping out of the top 10, having been surpassed by other cryptocurrencies including Litecoin (LTC) and Chainlink's LINK. BCH/BTC. Source: TradingView After three years of continuous devaluation, BCH finally traded below 0.01 Bitcoin (BTC) on Feb. 22. Besides being psychological support, it marks a 96.5% devaluation from its highest close of 0.285 BTC on Aug. 2, 2017. Even…

Moderna (MRNA) Stock Up 1% after Falling 9% in Reaction to Downgrade by BoA

In 2021, it is expected that Moderna will to generate $11 billion in revenue from its vaccine. Moderna Inc (NASDAQ: MRNA) stock is up nearly 1% in after-hours trading following a 9% decline. On the 1st of February, Moderna Inc dipped 9% following a downgrade from Geoff Meacham, an analyst at the Bank of America. Although the analyst kept his $150 price target on MRNA, he downgraded his rating on Moderna stock from “neutral” to “underperform.” As a result, Moderna opened trading at $174 despite crossing over $185 on the…

California Man Loses $27,000 in Bitcoin After Falling Prey to Crypto Scammers – Security Bitcoin News

In Daly City, California, authorities are investigating a crypto scam incident where a man lost $27,000 worth of bitcoin. A 48-year-old man claimed the scammers tricked him into giving them the keys to his wallet. Scammer Impersonated a Crypto Wallet Hardware Firm Ledger Representative Per KTVU FOX 2, the unnamed victim received a text message from someone impersonating a representative of T-Mobile, a telecommunications provider in the United States. In the SMS, the scammer told him that there were suspicious activities in his T-Mobile account. In fact, the fake mobile…

XRP At Risk Of Falling Out Of Crypto Top Five For First Time Since 2013

XRP has had an extremely difficult run since 2017 and things have only turned worse. But somehow despite the poor performance compared to its peers, it has managed to hold onto a top five rank by market cap dating back as far as 2013. However, the legal blow dealt by the United States Securities and Exchange Commission and the subsequent crypto exchange delistings, the altcoin is now at dangerous risk of falling out of the top five for the first time since back then. Here’s which cryptocurrency could take its…

Trader comforts the market’s traumatized first timers amid falling prices

Known for its volatility, Bitcoin (BTC) recently fell more than $11,000 over a four-day period after weeks of soaring price action. Amid a fresh bull cycle, Bitcoin has likely picked up its fair share of new buyers — some of whom may not be familiar with the asset’s wild price swings, according to comments from Cheds, a crypto trader and analyst on Twitter. Cheds holds a level I CMT certification — a benchmark showing technical analysis knowledge.  “Given the recent surge in popularity of Bitcoin, we have many new investors…

JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in US

JP Morgan’s analysts say that the U.S. Securities and Exchange Commission (SEC) approving a bitcoin exchange-traded fund (ETF) is likely negative for bitcoin in the near term. There is optimism around the prospect of the SEC approving a bitcoin ETF under new leadership, the analysts say. SEC Approving Bitcoin ETF Could Be Negative JP Morgan published a report on Friday that discusses the impact of an SEC-approved bitcoin ETF on the bitcoin market. “Optimism around the prospect of the SEC approving a bitcoin ETF in the US this year has…

Is Khloe Kardashian Really Falling for a Pandemic Promise Ring?

This is an opinion. Facebook Twitter LinkedIn Reddit Messenger Khloe Kardashian has been cheated on several times by her on-again, off-again boyfriend, Tristan Thompson. The two have gotten back together during the pandemic. Thompson took it a step further recently by buying Khloe a diamond ‘promise ring.’ Will that be enough for her to forget the past? Probably, she is a Kardashian. Khloe Kardashian is willing to forget the past. It just takes a snazzy new piece of jewelry, which is about what you would expect from a Kardashian. Khloe’s…

JP Morgan Analysts Explain Why Bitcoin Price is Falling

Bitcoin has plunged by almost 9 percent after establishing its new record high near $20,000 last week. And a team of quantitative strategists at JP Morgan & Chase believes that gold is behind the flagship cryptocurrency’s corrective price move. The analysts, including Nikolas Panigirtzoglou, wrote that Bitcoin price correction lags a similar move in the gold market. Therefore, when the precious metal topped out in August 2020, it prompted investors to secure short-term profits and reinvest the winnings into Bitcoin. That explains why the cryptocurrency boomed by approx 100 percent…

Bitcoin price continues falling, losing $17K in biggest crash since March

Bitcoin (BTC) has continued falling on Nov. 26 as selling pressure transforms into the biggest losses since March. Bitcoin price sheds over $3,000 in 24 hours Data from Cointelegraph Markets and TradingView tracked BTC/USD as it lost support at $17,000 to hit fresh local lows of $16,300. At press time, a rebound had secured $16,800, but heavy volatility remained. The latest losses continue a downtrend, which began overnight on Wednesday, shortly after Bitcoin hit highs of just below $19,500. BTC/USD 8-month daily chart. Source: TradingView At the same time, major…