Bitcoin Price Retesting Critical Support
Bitcoin’s price is currently running into critical support alongside Ethereum, which has also pulled back from a bearish signal. On the weekly chart, the breakout above 42,000 has been confirmed, but a retest of that level is underway. If the 42,000 level holds as support, the next significant resistance to pay attention to is 48-49,000. However, if the weekly candle closes back below 42,000, the next area of support is 36,000-38,000. Despite the short-term pullback, the larger bullish trend is still intact, marked by higher lows and higher highs.
Ethereum Price Prediction
Ethereum is currently running into short-term support, with the next significant resistance at around 1,800. If that level holds, the next resistance is at 2,000. However, if Ethereum breaks below 1,600, the next area of support is 1,400. Ethereum’s long-term trend is still bullish, with higher lows and higher highs.
Crypto Market Overview
The crypto market is currently in a state of flux, with Bitcoin and Ethereum both experiencing pullbacks. Despite this, the longer-term trend is still bullish, with both coins still forming higher lows and higher highs. As such, it is important to keep an eye on key support and resistance levels, as these can provide insight into the direction of the market.
Bearish Divergence
Recent analysis has revealed a bearish Divergence forming on the RSI, with a further pullback in the RSI cementing the lower high. This indicates reduced bullish momentum, likely leading to choppy sideways price action or a pullback within the next 1-2 weeks.
Bullish Price Structure
Despite the bearish Divergence, the daily Bitcoin chart is still forming higher lows and higher highs, technically indicating a bullish trend. The daily Bitcoin MACD has lost some bullish momentum, but has not yet confirmed a bearish cross.
Potential Trend Reversal
The potential for a trend reversal from a short term bullish trend to a short term bearish trend is still present. This could be triggered by a break of the bullish price structure on the daily chart, or a confirmation of a bearish cross in the MACD indicator.
The DXY and Bitcoin Price
The recent bearish trend in the cryptocurrency market has been largely attributed to the DXY or US Dollar Index. The DXY is a measure of the US dollar’s value against a basket of foreign currencies and has been seen to have a significant impact on the Bitcoin price. The red line in the chart above shows the Bitcoin price in the candlesticks on the daily time frame and it is clear that the DXY has been a major factor in the recent bearish trend.
The DXY and the Bearish Trend
The DXY has been seen to have a bearish effect on Bitcoin, with the recent bounce in the DXY being a signal of a bearish trend for Bitcoin. However, the DXY has yet to confirm a full-on bullish reversal as higher lows and higher highs have yet to be confirmed. If the bounce continues and higher lows and higher highs are confirmed, then this could signal a short-term trend reversal from bullish to bearish.
Short-Term Bearish Trends
It is important to note that short-term bearish trends can still occur within a larger bullish trend. This has been seen multiple times this year, with the price trending in a bearish direction for a couple of months before returning to a bullish trend. It is important to differentiate between the different time frames when looking at the cryptocurrency market, as short-term bearish trends can still occur within a larger bullish trend.
The Crypto Crash
The crypto market has been experiencing a significant crash in recent weeks, with Bitcoin and Ethereum prices dropping significantly. This has been attributed to a variety of factors, including the recent surge in the US Dollar Index (DXY). The DXY has been on a steady rise since the beginning of the year, and this has had a direct impact on the crypto market. As the DXY rises, the value of Bitcoin and Ethereum decreases, leading to a crash in the crypto market.
Bitcoin News Today
The news of the crypto crash has been met with mixed reactions from the crypto community. Some have argued that this is a natural market correction and that the prices will eventually rebound. Others have argued that this is a sign of a larger trend reversal, and that the crypto market is headed for a bearish trend. Regardless of the opinion, it is clear that the crypto market is in a state of flux, and investors should be cautious when making decisions.
Ethereum Price Prediction
The Ethereum price has been particularly hard hit by the recent crash, with the price dropping from around $2,500 to $1,800 in a matter of days. This has led to speculation about the future of Ethereum, with some predicting that the price could drop even further. However, it is important to remember that Ethereum is still a relatively new technology, and it is likely that the price will rebound in the near future.
Bullish Trend
Despite the recent crash, it is important to remember that the overall trend of the crypto market is still bullish. On the weekly time frame, the trend is still bullish, and on the daily time frame, the trend has not yet reversed from bullish to bearish. This means that, although there may be short-term pullbacks, the overall trend is still positive.
Fibonacci Level of Resistance
The recent crash has also seen Bitcoin reject multiple perfect rejections from the Fibonacci level of resistance. This Fibonacci extension is sitting at around 44.2k to 44.3k, and the price of Bitcoin has rejected from this level multiple times. This is a sign that the crypto market is still in a bullish trend, and that investors should be cautious when making decisions.
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Crypto Crash: Bitcoin News and Ethereum Price Prediction
The crypto market has been on a roller coaster ride in recent weeks, with Bitcoin (BTC) and Ethereum (ETH) experiencing a significant drop in prices. This has been attributed to a variety of factors, including the recent sell-off of large amounts of BTC and ETH, as well as the increasing regulatory scrutiny of the crypto space. As a result, the crypto crash has started and investors should be aware of the potential implications.
Bitcoin News Today
The most recent Bitcoin news today has been focused on the sharp decline in the price of BTC. After reaching an all-time high of over $58,000 in mid-February, the price of BTC has since dropped to around $42,000. This has been attributed to a variety of factors, including the sell-off of large amounts of BTC by institutional investors, as well as the increasing regulatory scrutiny of the crypto space.
Ethereum Price Prediction
The Ethereum price has also been affected by the crypto crash, with the price dropping from over $2,000 in mid-February to around $1,800. This has been attributed to a variety of factors, including the sell-off of large amounts of ETH by institutional investors, as well as the increasing regulatory scrutiny of the crypto space.
Support and Resistance Levels
In terms of support and resistance levels, analysts have identified a Fibonacci level of support at around $41.8k to $42k. If the price of BTC breaks below this level, then it could retest the lows of around $40k. In terms of resistance, if the price of BTC breaks above $43k, then it could face resistance at around the Fibonacci level of $44.2k to $44.5k.
The Crypto Crash Has Begun
The crypto markets have been in a state of flux for the past few weeks, and now it appears that the crypto crash has started. Bitcoin, the largest cryptocurrency by market capitalization, has seen its price drop from a high of $58,000 to a low of $47,000, a decline of nearly 20%. Ethereum, the second-largest cryptocurrency, has also seen its price drop from a high of $2,000 to a low of $1,500, a decline of 25%.
Bitcoin News Today
The crypto markets have been volatile in recent weeks, with news of a potential regulatory crackdown in the US and other countries weighing on investor sentiment. Additionally, the recent news of a major hack of a leading crypto exchange has further exacerbated the situation. As a result, many investors have been selling off their crypto holdings, leading to the current decline in prices.
Ethereum Price Prediction
The recent decline in the price of Ethereum has been attributed to a number of factors, including the news of the hack and the potential regulatory crackdown. Additionally, the recent news of a major upgrade to Ethereum’s network, known as Ethereum 2.0, has also weighed on the price. Despite the recent decline, many analysts are still optimistic about Ethereum’s long-term prospects, with some predicting that the price could reach $5,000 by the end of 2021.
Don’t Miss This
The crypto markets are highly volatile and unpredictable, and investors should always be aware of the risks associated with investing in cryptocurrencies. However, the recent decline in prices presents an opportunity for investors to buy into the crypto markets at a discounted price. For those looking to invest in cryptocurrencies, now is the time to do so, as the crypto crash has started and prices are likely to remain low for the foreseeable future.
The Crypto Crash
The crypto market has been in a state of flux over the past few days, with Bitcoin and Ethereum prices plummeting. This has been accompanied by a surge in liquidations, as traders have been forced to liquidate their positions in order to avoid further losses. This has resulted in a crypto crash, as the market has seen a sharp decline in prices.
Bitcoin News Today
The news of the crypto crash has been met with mixed reactions, with some traders viewing it as an opportunity to buy the dip, while others are more cautious. However, it is important to note that the crypto market is still in a bullish trend, and the current crash is likely to be short-lived. This means that traders should not be too quick to jump into the market, as they could end up losing more money than they initially invested.
Ethereum Price Prediction
The Ethereum price has also been affected by the crypto crash, as the price has dropped significantly. However, it is important to note that Ethereum is still in a bullish trend, and the current crash is unlikely to last for long. This means that traders should not be too quick to jump into the market, as they could end up losing more money than they initially invested.
Bitcoin Liquidation Heat Map
The Bitcoin liquidation heat map provides a useful insight into the current state of the market. It shows that over the last one day, there has been a significant amount of liquidations to the downside. This suggests that the market is likely to double dip before potentially bouncing back up again. However, it is important to note that there is still some liquidity further to the downside, which could be liquidated before a larger bounce back to the upside.
Bitcoin News Today
The crypto market has been in a state of flux recently, with Bitcoin and Ethereum prices fluctuating wildly. The recent crash has been a wake-up call for many investors, as it has highlighted the volatility of the crypto market. While some investors have been able to capitalize on the crash, others have been left holding the bag. The crash has been particularly hard on Ethereum, which has seen its price drop by more than 50% in the past week.
Ethereum Price Prediction
The recent crash has caused many investors to re-evaluate their Ethereum price predictions. While some analysts are predicting that Ethereum will eventually recover from the crash, others are more pessimistic. Some analysts believe that Ethereum could fall even further in the near future, while others believe that the current price is a good entry point for long-term investors. The truth is that no one knows for sure what will happen to Ethereum in the future, but it is important to remember that the crypto market is highly volatile and unpredictable.
Don’t Miss This
The crypto crash has been a reminder to investors that they need to be prepared for the unexpected. It is important to remember that the crypto market is highly unpredictable and that prices can change rapidly. Investors should be aware of the risks associated with investing in cryptocurrencies and should always be prepared for the worst. Despite the recent crash, there are still many opportunities for investors to capitalize on the crypto market. As long as investors remain vigilant and do their research, they can still make a profit in the crypto market.
The Crypto Crash
The crypto market has been in a state of flux over the past few weeks, with prices dropping significantly and the market experiencing a crash. Bitcoin, Ethereum, and other major cryptocurrencies have all seen significant losses, and the market is now in a state of uncertainty. This has caused many investors to be wary of investing in the crypto market, as they fear that the market could crash even further.
Bitcoin News Today
The news surrounding Bitcoin has been mixed, with some positive news coming from the US government’s decision to allow banks to offer cryptocurrency services. This has been seen as a positive step forward for the industry, as it could lead to more mainstream adoption of Bitcoin and other cryptocurrencies. However, the news has been overshadowed by the recent crash, and investors are now looking for signs of a recovery.
Ethereum Price Prediction
Ethereum has been one of the hardest hit cryptocurrencies during the crash, with prices dropping from around $2,000 to just over $1,500. This has caused many investors to be wary of investing in Ethereum, as they fear that the market could crash even further. However, some analysts believe that Ethereum could be poised for a recovery, as the fundamentals of the platform remain strong.
Don’t Miss This Opportunity
Despite the recent crash, it is important to remember that the crypto market is still in its infancy and that there are still opportunities to be had. Investors should take advantage of the current market conditions and look for opportunities to buy low and sell high. By taking advantage of the current market conditions, investors can potentially make a profit from the current market volatility. Additionally, investors should take advantage of the various bonuses and incentives offered by exchanges, such as BuyBit and BitFlex, in order to maximize their profits.
The Crypto Crash
The crypto market has been in a state of flux in recent weeks, with prices plummeting and investors left wondering what the future holds. The crypto crash has been a long time coming, with Bitcoin and Ethereum both suffering from a lack of bullish momentum and a bearish divergence in their respective Relative Strength Index (RSI). This has been further compounded by a lack of support from institutional investors, and a general lack of confidence in the market.
Bitcoin News Today
The news surrounding Bitcoin has been far from positive in recent weeks, with the price of the worlds largest cryptocurrency dropping to its lowest level in over a year. This has been attributed to a lack of institutional investment, as well as a general lack of confidence in the market. This has been further compounded by the news that the SEC has delayed its decision on a Bitcoin ETF, which has caused further uncertainty in the market.
Ethereum Price Prediction
Ethereum has also been hit hard by the crypto crash, with the price of the second-largest cryptocurrency dropping to its lowest level in over a year. This has been attributed to a lack of bullish momentum and a bearish divergence in its Relative Strength Index (RSI). On the larger time frames, Ethereum is still technically looking bullish, despite the short-term pullback. On the daily time frame, there is a bearish divergence in place, with higher highs in the price and lower highs in the RSI. This is helping to confirm the lower high in place, which is confirming the actual bearish divergence. This means that we should expect either some choppy sideways price action, or a bit more of a pullback within the next one to two weeks. On the 8-hour time frame, there is a previous ascending triangle pattern which broke out to the upside from this point of the breakout at around 2120.
The Crypto Crash
The crypto market has been experiencing a crash in recent days, with Bitcoin and Ethereum prices dropping significantly. This has been a cause of concern for many investors, as the market has seen a sharp decline in value. However, it is important to remember that this is not the end of the crypto market, and there are still opportunities to make money in the space.
Bitcoin News Today
The news of the crypto crash has been making headlines in the financial world, as investors try to make sense of the situation. It is important to stay up to date with the latest news and developments in the crypto market, so that you can make informed decisions. There are many sources of news and information about the crypto market, including websites, blogs, and social media.
Ethereum Price Prediction
The Ethereum price has been particularly volatile in recent days, with many investors wondering if the crypto crash is the start of a larger trend. While it is impossible to predict the future of the crypto market, it is important to keep an eye on the news and developments in the space. This will help you make informed decisions about your investments.
Breakout Trade
One of the best ways to make money in the crypto market is to take advantage of breakout trades. This involves entering a long position at a certain price point and then closing it when the price reaches a certain target. This type of trade can be very profitable if done correctly, and it is important to have an account ready to go on an exchange like Bybit or Bitflex.
Stop Loss
It is also important to have a stop loss in place when trading in the crypto market. This is a predetermined price at which you will close your position if the market moves against you. This will help you minimize losses and protect your capital.
The Crypto Crash
The crypto market has been on a wild ride in recent weeks, with prices soaring to new all-time highs before crashing back down. The crash has been particularly severe for Ethereum, with the price dropping more than 50% from its peak. While some investors may be panicking, it is important to remember that the crypto market is still in its infancy and is subject to extreme volatility.
Bitcoin News Today
The news surrounding Bitcoin has been mostly positive in recent weeks, with the currency reaching new all-time highs and gaining mainstream acceptance. However, the recent crash has put a damper on the optimism, with many investors now questioning the future of the currency. Despite the crash, it is important to remember that Bitcoin is still a relatively new technology and is still in its early stages of development.
Ethereum Price Prediction
Ethereum has been particularly hard hit by the recent crash, with the price dropping more than 50% from its peak. While some investors may be worried about the future of the currency, it is important to remember that Ethereum is still a relatively new technology and is still in its early stages of development. As such, it is difficult to make any definitive predictions about the future of the currency. However, many analysts believe that Ethereum will eventually recover from the crash and continue to grow in value over time.
Don’t Miss This
The crypto market is still in its infancy and is subject to extreme volatility. As such, it is important to be aware of the risks associated with investing in cryptocurrencies. While the recent crash has been severe, it is important to remember that the market can recover and that there are still opportunities to be had. For those looking to invest in cryptocurrencies, it is important to do your research and to be aware of the risks associated with the market.
Bearish Divergence
The bearish divergence is a technical analysis indicator that suggests a potential reversal in the current trend. It is formed when the price of an asset makes a lower low, while the Relative Strength Index (RSI) makes a higher low. This indicates that the momentum of the asset is weakening and that a potential reversal may be in the near future.
Bullish Divergence
On the other hand, a bullish divergence is formed when the price of an asset makes a higher high, while the RSI makes a lower high. This indicates that the momentum of the asset is increasing and that a potential reversal may be in the near future.
Crypto Market Trend
The crypto market has been in a bearish trend for some time now, with prices falling and volatility increasing. However, there have been signs of a potential reversal in the near future, as the Relative Strength Index (RSI) has been showing signs of a potential bullish divergence. If this divergence plays out, it could signal a potential reversal in the current bearish trend.
Profiting from Crypto
Regardless of whether the crypto market is in a bearish or bullish trend, traders can still profit from it. By watching for potential divergences in the RSI, traders can identify potential reversals in the market and capitalize on them. Additionally, traders can also take advantage of the volatility in the market by trading on margin and using leverage to increase their profits.
The crypto crash has started, and investors should be aware of the potential for a trend reversal from a short term bullish trend to a short term bearish trend. The bearish Divergence in the RSI and the loss of bullish momentum in the daily Bitcoin MACD are both signals that should be monitored closely.
The crypto market has been experiencing a significant crash in recent weeks, with Bitcoin and Ethereum prices dropping significantly. This has been attributed to a variety of factors, including the recent surge in the US Dollar Index (DXY). Despite the recent crash, it is important to remember that the overall trend of the crypto market is still bullish, and that the recent rejections from the Fibonacci level of resistance are a sign that the market is still in a bullish trend. Investors should be cautious when making decisions, and should keep an eye on the news for any potential changes in the market.
The crypto crash has started and investors should be aware of the potential implications. The price of Bitcoin and Ethereum have dropped significantly in recent weeks, with analysts identifying support and resistance levels. It is important for investors to remain vigilant and monitor the market closely in order to make informed decisions.
The crypto market has been in a state of flux over the past few days, with Bitcoin and Ethereum prices plummeting. This has resulted in a crypto crash, as traders have been forced to liquidate their positions in order to avoid further losses. However, it is important to note that the crypto market is still in a bullish trend, and the current crash is likely to be short-lived. The Bitcoin liquidation heat map provides a useful insight into the current state of the market, and suggests that the market is likely to double dip before potentially bouncing back up again. Traders should not be too quick to jump into the market, as they could end up losing more money than they initially invested.
The crypto crash has been a cause of concern for many investors, but it is important to remember that this is not the end of the crypto market. There are still opportunities to make money in the space, and it is important to stay up to date with the latest news and developments. Taking advantage of breakout trades and having a stop loss in place can help you make money in the crypto market.
