Once Bitcoin (BTC) started to incur strong losses in the second half of 2019, analysts were once again making extremely low price predictions.Per previous reports from NewsBTC, long-time Bitcoin skeptic and CEO of Euro Pacific Capital Peter Schiff said in a tweet that the price of the leading cryptocurrency could “dump” to $1,000 to complete…
Last week’s explosion in growth across Bitcoin and the altcoin market caused the total cryptocurrency market cap to all break above the 200-day moving average – an important level that smart money often trades based on. However, Bitcoin has failed to hold above the same moving average and may have dragged the total crypto market…
At the turn of the month, analysts were quick to check Bitcoin’s charts, checking if any of their indicators signaled that bears remained in control of the cryptocurrency market. Unfortunately for bulls, indicators did.Per previous reports from NewsBTC, November’s monthly candle close resulted in the Moving Average Convergence Divergence (MACD) — which is a “trend-following…