Tags : Correction

Bitcoin

A Bitcoin Correction Towards $55,000 Likely At The End of

Key Bitcoin Price Outlook Bitcoin reaches a short-term resistance trendline that constitutes a descending channel pattern. The cryptocurrency risks upside rejection heading into the weekend session. Its downside target lurks near $55,000. Sliding US bond yields undermined the dollar and prompted bitcoin’s climb on Thursday. Nevertheless, the trade appeared cyclical as the cryptocurrency fell lower […]Read More

Bitcoin

Bitcoin Correction Towards $40K Back in Focus as Rally Pauses

Bitcoin lost steam on Wednesday, pausing a bull run that had accelerated on the backs of Tesla’s $1.5 billion investment and optimism over a massive stimulus package in the United States. The benchmark cryptocurrency closed marginally higher by 0.14 percent on Tuesday, forming a Doji candle that shows an imminent bias conflict in the market. […]Read More

Cryptocurrency

Why XRP suddenly spiked 35% in 45 minutes after a

The XRP price increased by 35% within 45 minutes subsequent to a large correction after Coinbase suspended XRP trading. The main catalyst behind the sudden spike in the XRP price seems to be a short squeeze. According to data from Bybt.com, $96 million worth of XRP futures contracts were liquidated in the last 12 hours. […]Read More

Bitcoin

Bitcoin Latest Correction Prepares Ground for $30K Test: Analyst

A downside correction in the Bitcoin market at the beginning of this week may prepare a fresh run-up towards $30,000, says Teddy Cleps. The independent market analyst tweeted a technically bullish set up on Monday, projecting the Bitcoin price in a trend continuation pattern. In the chart, traders can observe the cryptocurrency consolidating inside a […]Read More

Bitcoin

Why the Bitcoin Correction Everyone is Waiting for May Take

Bitcoin has navigated higher following a brief period of immense weakness yesterday, with the cryptocurrency now pushing above the $23,000 region once again Where the entire market trends in the mid-term should depend largely on where ETH and BTC trend next, as they both have been holding firm guidance over altcoins Many investors and analysts […]Read More