Crash

Following a modest bullish rebound from the substantial $59K support level, Bitcoin encountered selling pressure, retracing back to the critical 100-day moving average at $61K. The price action around this pivotal juncture is likely to dictate its next decisive move. Technical Analysis By Shayan The Daily Chart A thorough examination of the daily chart reveals Bitcoin’s extended sideways consolidation phase near the pivotal $60K price range. Recently, the cryptocurrency witnessed a decline after a notable bullish rebound from the $59K…

The price of Shiba Inu (SHIB), the self-proclaimed “Dogecoin killer,” has been caught in a technical tug-of-war, with bears attempting to push it lower and bulls clinging to signs of hope. Analysts are scrutinizing the memecoin’s chart pattern and on-chain data to decipher its next move. Descending Triangle Looms: Will SHIB Fall Or Fly? A descending triangle formation has emerged on SHIB’s 3-day chart. This pattern typically indicates a potential price decline, as the asset’s price gets squeezed between converging…

On-chain data shows that many old coins have moved on the XRP network recently, a sign that proved to be bearish for the coin last time. XRP Age Consumed Metric Has Registered A Large Spike According to data from the on-chain analytics firm Santiment, XRP has just observed a large movement of dormant coins similar to what the asset witnessed last month. The indicator of interest here is the “Age Consumed,” which shows “the amount of tokens changing addresses on…

The Bitcoin price continues to trend below $60,000 as a 20% decline triggered a brutal market-wide crash. This has exposed multiple critical support points for the cryptocurrency, some of which the price has already fallen below. In light of this, a crypto analyst known as Norok has revealed the level the BTC price must not fall below to maintain its bullish trend. Bitcoin Price Must Hold Above $51,800 In an analysis posted on the TradingView website, crypto analyst Norok revealed…

Bitcoin’s price has been consolidating above $60K over the last few months. Yet, the price has broken below the level today, and investors are in a state of panic, wondering if the bull market is over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has created a large descending channel pattern since March. Yet, it has broken it to the downside, and the cryptocurrency is aggressively dropping toward the $52K support level. The 200-day moving…

The post Crypto Market Crash: Bitcoin Faces $464 Million Liquidation In 24 Hours! appeared first on Coinpedia Fintech News The BTC price has experienced a plunge of 11.52% with a low of $56,555.29 within the past 24 hours. Following the cross-border correction, the crypto market leader, Bitcoin price, recorded a total of $464 Million worth of liquidations in its portfolio, of which 86% ($399 Million) were long positions whereas 14% ($65 Million) were short positions. OKX experienced the highest liquidations,…

Crypto prices continue to crash to end the month of April, with Bitcoin falling to $60,800 at press time.  Meanwhile, Ethereum continues to see an even steeper decline, falling by 4% on Tuesday. The ETH price is now on the cusp of falling below $3,000 to end the month.  Why Is Crypto Crashing Today? Crypto prices reacted negatively after the recently approved Hong Kong Bitcoin and Ethereum ETFs missed expectations. As opposed to the anticipated $300 million in trading volume,…

Crypto analyst Josh Olszewicz is once again warning of a looming Dogecoin price crash. The analysis hinges on the Ichimoku Cloud, a comprehensive indicator that provides information on support/resistance levels, momentum, and trend direction. Olszewicz’s analysis points to two specific technical phenomena on the 1-day (1D) chart of DOGE against the US dollar (DOGE/USD). Via X, he remarked “1D DOGE: bearish TK cross + bearish Kumo breakout. Bearish Signals For Dogecoin The bearish TK cross refers to the bearish crossover between…

Cryptocurrency markets have always been a hotbed of speculation, with investors constantly seeking the next big thing. In recent times, meme coins have gained significant traction, capturing the imagination of traders and enthusiasts alike. One such meme coin that has been making waves is HUMP, positioned as an alternative to the well-known Pepe Coin (PEPE). Backed by the prediction of a prominent analyst, who has gained notoriety for accurately forecasting trends since the Terra Luna crash, HUMP is poised for…