All markets – such as Bitcoin – are cyclical and go through stages of peak euphoria before a correction brings investors back down to reality. Eventually, anger and depression kick in, and investors begin to fear the worst before the cycle reaches a low and begins to pick up once again and return to the…
Bitcoin has managed to hold on above $9,000 for another day but it is slowly weakening and likely to drop below that support level by the weekend. The altcoins meanwhile are already sliding further and may well dump all recent gains. Bitcoin Support Weakening The pattern is pretty clear when looking at the Tradingview charts.…
Bitcoin has dropped 8.5% this week but the move has been largely predicted. What is not being predicted just yet is another bear market lasting a year, but today’s death cross may indicate otherwise as that is exactly what happened the last time one appeared. Bitcoin Death Cross Today Like a scene from The Revenant,…
Crypto asset prices are not the only thing cooling off as the year draws to a close. Venture Capital investments also seem to be declining but these things happen in a bear market and at least twice before they’ve come running back as soon as the bulls take hold of things. Has VC Dried Up…
As the 2019 parabolic rally came to a close, Bitcoin began to trade within a large, multi-month descending triangle pattern that only just recently broke down after extensive consolidation. According to a popular crypto analyst, the breakdown resulted in Bitcoin forming a bear flag, and it likely signals further continuation to the downside, potentially as…
After Bitcoin price broke down from its multi-month triangle formation, the entire crypto market is watching, waiting, and wondering where the bottom of the current downtrend is. But according to a fractal that appears shockingly similar to Bitcoin’s bear market bottom, the crypto asset has already bottomed and is about to explode back up to…
The weekend brought a little hopium as Bitcoin prices topped $8,200 briefly, however the doom and gloom has returned on Monday morning as BTC has dumped back into the $7k region again. The longer term chart indicators are mounting up and they are all screaming bear market. Bitcoin Slides Below $7,800 Following a weekend of…
Just days ago Bitcoin closed its monthly candle for September, marking three red candles in a row for the first time in 2019. While this in itself may not seem significant. The three red candle closes have formed what could be a powerful Japanese candlestick pattern that signals a major trend reversal and a much…
This week’s monumental market crash has resulted in Bitcoin dumping 20 percent in just a couple of days. Technical indicators are now showing that a trend reversal could be imminent and the end of the 2019 bull market may have just begun. Bitcoin Bull Market Over? Bitcoin could only manage a feeble climb to $8,640…
Recently, the crypto market fear and greed index hit its lowest point in history, despite Bitcoin price trading above $10,000 and at that point had yet to break down. The fear was mostly driven by altcoin holders who have been selling any remaining bags at a substantial loss at an alarming rate. While even altcoins…