Tags : 20K

Bitcoin

Bitcoin Sell-Off Triggers Classic Bearish Reversal Pattern; $20K Next?

An overnight sell-off in the Bitcoin market Monday brought its prices down from an intraday high of $34,888 to as low as $31,435. The approx 10 percent decline occurred as traders’ anxieties mounted over a JPMorgan report that cast doubts over Bitcoin’s potential to retest $40,000. According to Nikolaos Panigirtzoglou, the lead strategist at JPMorgan […]Read More

Bitcoin

Bitcoin Fractal Sees Price Crashing to $20K as Price Hits

Bitcoin bulls may be in for a shock as an old fractal predicts a price crash to $20,000. First spotted by Jacob Canfield, an independent market analyst, the fractal highlights Bitcoin’s tendency to fall towards its 21-week exponential moving average or yearly support after reaching its all-time high. For instance, in the 2013-2014 session, the […]Read More

Bitcoin

Bitcoin Eyes $20K as Stronger Dollar Offsets US Stimulus News

Bitcoin prices fell for the third consecutive session on Tuesday as a stronger US dollar countered the US Senate’s approval of a long-pending coronavirus stimulus package. The flagship cryptocurrency plunged by 0.56 percent to $22,602 per token ahead of the London opening bell. Meanwhile, Bitcoin Futures on the Chicago Mercantile Exchange dropped 0.66 percent to […]Read More