Tag: market analysis

Altcoins Slide as Price of Bitcoin Falls Below $9,000

As is always expected with major surges, cryptocurrency markets have seen a significant drawback following strong performances across the board since local BTC lows of under US$7,000 earlier in the month. Following impressive Bitcoin and altcoin gains earlier in the week, global market capitalization has fallen about 10% in the past day. While many speculators feared what would happen when Bitcoin approached the US$10,000 resistance, the price never quite made it …
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Crypto Market Struggling, Retains $500-$600B Capitalization

The overall cryptocurrency market seems to have stabilized after a correction that lowered its total capitalization to below US$450 billion last week. That said, the market has yet to convincingly bounce back to pre-correction levels, as its market cap continues to drift between US$500 billion and US$600 billion. The Bears are Back November and December saw record highs across most cryptocurrency markets. The total market cap increased a staggering US$350 billion from the beginning of November to its December …
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Bitcoin Technical Analysis for 03/28/2016 – Triangle Pattern

In BTC/USD we have a triangle pattern holding us in a range pattern, it stretches back to November 2015. Unfortunately this pattern isn’t directional so traders shouldn’t establish bearish or bullish bias solely on this pattern. For example we have held the upper end of the triangle 4 times, which can be bearish or bullish depending on your analysis. The bears can say that price was held by the upper …
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Bitcoin Technical Analysis for 3/25/16 – Big Moves Ahead

The bears have been trying to push the price down all day, however, the support at $415 proved to be quite resilient as it handled dump after dump. After a low of $412 Bitcoin’s price quickly rebounded to the $416 levels, however another sell wave caused support to dip once again to the $412 level. Currently Bitcoin is trading at $414 and is currently on a rebound from the support line. …
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