Bearish

The post Bitcoin Revamps Bearish Trend: Here’s What Attributing to the Underperformance of BTC Price  appeared first on Coinpedia Fintech News Yesterday, the Bitcoin price was rejected from a crucial resistance level at the 200-day MA, which raised suspicion of an incoming descending trend. After withstanding immense selling pressure within the pivotal zone, the BTC price finally broke down the range, hinting towards a more bearish trend fast approaching. However, Bitcoin ETF giants continue to buy ETFs in the hundreds…

Bitcoin (BTC) after a successful break above its bearish trendline recently has continued to show strong bullish momentum which may mark a significant shift in market sentiment. As the digital asset continues to strive above the bearish trendline, it has stirred up optimism among traders and investors alike as to whether it can sustain its momentum and achieve the $60,152 mark. In this article, BTC’s recent price formation will be analyzed with the help of some technical indicators to ascertain…

The post Dogecoin And Shiba Inu Face Rising Bearish Threat: Will DOGE And SHIB Price Lose Momentum? appeared first on Coinpedia Fintech News Following the recent market crash that drove Bitcoin’s price toward a $53K low, meme coins experienced a relatively minor impact. Nonetheless, over the last seven days, the meme coin market capitalization has seen a substantial decrease. This has led to a declining interest from whales in leading meme coins such as Shiba Inu and Dogecoin, which may…

The beginning of July has not been bullish for the Bitcoin and crypto market as earlier expected due to a number of events that have shaken the market. For example, the Spot Ethereum ETFs did not debut on July 2nd as expected, and the US and German governments have been reportedly selling large tranches of BTC. However, a turn in the tide could be coming for Bitcoin and crypto at large as the CPI data is expected to drop on…

Ethereum price remained in a bearish zone below $3,150 zone. ETH is again moving lower and the bears could aim for a drop below $2,800. Ethereum started a fresh decline below the $3,000 and $2,950 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited…

The post Bearish Charts Indicate Bitcoin’s Drop: Are We Heading for $48,500? appeared first on Coinpedia Fintech News The price of Bitcoin has been struggling lately because the market sentiment isn’t great. Let’s break down what’s happening with BTC and why things look a bit gloomy. A Tough Spot for Bitcoin If you’ve been watching Bitcoin’s 1-hour chart, you’ve probably noticed that BTC is stuck at $56,700. It’s caught between the 20 day & 50 day moving averages, kind of…

BNB has recently fallen below the critical $500 support mark, signaling the continuation of a bearish trend. This decline reflects increased selling pressure and growing bearish sentiment within the cryptocurrency market.  As BNB slips under this significant threshold, analysts and traders are closely watching for further downward movement, potentially targeting lower support levels. The breach of the $500 mark is a key indicator of ongoing market weakness, suggesting that BNB may face continued challenges in the near term. With the…

The post Solana Price Stuck Within a Bearish Trend, While the SOL Price May Not Plunge Below $100! appeared first on Coinpedia Fintech News A fresh bearish case has stuck in the crypto markets, which has slashed the Solana price below $135, losing over 15% since the last trading day. While the market participants look out for an extended descending trend that could drag the price below $100, the trade set-up suggests the bulls have captivated the key support levels.…

XRP price extended losses and tested the $0.4440 support zone. The price is correcting losses sharply and might soon retest the $0.4720 resistance. XRP price is correcting losses from the $0.4440 support zone. The price is now trading below $0.4650 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $0.480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might climb higher again if it…