Tag: Price

BTC Price Nears June Low as $1.4B in Liquidations Rock Altcoins

The crypto market suffered a sell-off on Tuesday with bitcoin BTC$104,608.94 approaching its lowest level since June and ether ETH$3,495.36 trading at $3,480, the least since August. The selling pressure led to around $1.4 billion in liquidations across derivatives exchanges, which at press time are performing better than they did in October, when Binance’s auto-deleveraging engine caused havoc by liquidating a large number of traders. One of the catalysts for the sell-off is dollar strength, with the DXY index hitting 100 for the first time since July after rallying off…

Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced

Crypto analyst Tony Severino has revealed a rare chart formation, which presents a bearish outlook for the XRP price. This comes amid a market downtrend, with concerns that XRP may have topped in this market cycle.  Rare Chart Pattern That Sparked 87% XRP Price Crash Resurfaces  In an X post, Severino revealed that the XRP monthly LMACD has crossed bearish for the third time ever. He noted that the past two bearish crossovers resulted in an 87% and 71% drawdown after the signal fired. The analyst added that this signal,…

Bitcoin Traders Brace for Sub-$100,000 BTC Price Lows Next

Key points: Bitcoin slips under $104,000 amid doubts over BTC price support. Price targets now include the CME futures gap at $92,000. Short-term holders head deep into the red, sitting on growing unrealized losses. Bitcoin (BTC) faced further losses Tuesday as traders prepared for sub-$100,000 BTC price levels. BTC/USD one-hour chart. Source: Cointelegraph/TradingView Bitcoin price in “freefall” as $104,000 slips Data from Cointelegraph Markets Pro and TradingView tracked new lows of $103,732 on Bitstamp, with price down over 2% on the day. Early weakness compounded during the Asia trading session,…

Head And Shoulders Pattern Says Bitcoin Price Is Headed Below $100,000

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Amid the bearish pressure that has rocked the market, the Bitcoin price continues to fluctuate around the $110,000 support, especially with selling pressure building up. This has led to predictions that the Bitcoin price is headed for another crash amid the weakness. One analysis that stands out comes from crypto analyst Toby Dawson, who pointed out the formation of a bearish Heads and Shoulders pattern that could trigger a cascade below $100,000. Head And Shoulders Pattern Points Downward In the analysis shared on the TradingView website, Dawson outlines the formation…

XRP Price Downtrend Extends — Sellers Target Fresh Lows After Support Break

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Bitcoin & Altcoin Market Range Sweeps Until Trend Emerges, Constant Traps, XRP and Alt Examples

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Blockchain Backer Newsletter – Blockchain Backer’s Technical Analysis Toolkit for Crypto – Blockchain Backer 702 Digital Art NFT Collection on XRP – Hi, I am the Blockchain Backer, bringing you the latest cryptocurrency news and analysis. The content of my channel primarily focuses on crypto news, motivation, and chart analysis on the XRP chart, Bitcoin chart, various Altcoin charts, and market cap charts. DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The…

Long-term Investor Moves 2,300 BTC to Paxos: Will Bitcoin Price Go to $100K?

Key Notes Whale wallet from 2018 moved $250 million in Bitcoin to Paxos while retaining 32,490 BTC valued at $3.4 billion. Bitcoin ETFs experienced three consecutive withdrawal days totaling $798 million in net outflows during late October. Technical indicators show BTC trading at $107,256 with RSI at 40.50 suggesting weakening momentum and potential breakdown risk. A dormant Bitcoin BTC $106 878 24h volatility: 2.8% Market cap: $2.13 T Vol. 24h: $71.71 B wallet dating back to 2018 has transferred 2,300 BTC, worth roughly $250 million, to Paxos Exchange. The whale…

Here’s What Happens To The Dogecoin Price After The Consolidation Phase Ends

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Dogecoin has spent the past several days locked in a tight decline that has seen it push lower. The meme coin has struggled to break above $0.19, slipping between $0.17 and $0.18 in what could be described as another consolidation phase.  This movement follows a series of attempts to recover losses in October, which failed with a rejection at $0.205. The current chart setup has attracted interest among traders who believe a major rally move is close. A technical analysis posted on the social media platform X highlights what could…

Cardano (ADA) Price Drops 5% Amid Trader Shorts, Hoskinson Blames Community for DeFi Struggles

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Cardano (ADA) continued its downward slide on Monday, falling over 5% to trade around $0.57, extending last week’s 10% decline. Related Reading: XRP’s Next Earthquake: Billions Set To Flow In, ‘Supply Shock’ Coming—Analyst Market data from CoinGlass shows trader sentiment turning increasingly bearish, with ADA’s long-to-short ratio at 0.75, the lowest this month. The metric indicates that more traders are betting on further declines. On-chain data mirrors this negative outlook. According to Santiment, daily active addresses on the Cardano network dropped from 32,115 in mid-October to 24,280 on November 3,…