Bitcoin downtrend

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Oct 15,  · Bitcoin (BTC) dropped lower on Thursday, with dimming stimulus hopes and a resurgence in the coronavirus cases in the US and Europe casting doubts over the global economic recovery. The BTC/USD exchange rate established an intraday low at $11, as of around UTC, suggesting that it could correct further lower in the US trading session ahead. The most recent descending triangle took place after Bitcoin price ran headfirst into $13, Lower highs eventually led to a lower low, and a downtrend climaxing on Black Thursday this March. The crypto market rebounded into the rest of the year, but the risk ahead has investors pausing. Bitcoin’s Downtrend Could Soon Reverse as Analysts Eye Move to $18, by Cole Petersen. 6 mins ago. in BTC. Reading Time: 2min read Listen to Article. Bitcoin has seen some rocky price action as of late, with bulls and bears battling for control over the cryptocurrency’s mid-term outlook. So far, this has resulted in the cryptocurrency.

Bitcoin downtrend

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In the last bear market, Bitcoin had three bottoms. Could the same happen again, starting with a breakdown of the descending triangle potentially forming on the daily? I'm Tony Spilotro. Behind the pseudonym, I'm a digital media executive and global remote work leader with a decade of content experience and excellent.

Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator whenever I can be, helping to spread its message of freedom from government control, monetary policy mismanagement, and passing the buck - literally — to future generations.

My journey from a curious retail crypto investor to a serious Bitcoin advocate, trader, and technical analyst is an unusual one, but life-changing nonetheless and has become less about money and more about a long-overdue revolution. While a firm believer in the laws governing math and science, I am profoundly fascinated by the impact of astrology and astronomy including moon and solar cycles and planetary alignment and their ability to influence and potentially predict markets.

It hasn't yet clicked for me as to how to put anything to use, but I consider it my current rabbit hole I can't yet dig out of. My perspective of growing up alongside the internet, the dot com era, the Great Recession, and roots in video games collecting coins and rare items caused Bitcoin to immediately make sense to me. Through all of these lenses, I seek to produce content that is educational and entertaining, and I thank you sincerely for taking the time to read what I have to say.

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We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. All Rights Reserved. Advertise Submit a Press Release. All Rights Reserved. Advertise Submit a Press Release. Home Technical analysis BTC. Reading Time: 2min read. Reloads and free spins available every day, for every player, in mBitcasino Crypto Autumn Bonanza!

Play Now! Tags: bitcoin btcusd cryptocurrency xbtusd. Tweet Share. Could you be next big winner? Yashu Gola Yashu Gola is a Mumbai-based finance journalist. Related Posts. Premium Partners. Top Brokers. Bitcoin and the entire crypto market have been rallying over the past day. This strength came about following a prolonged period of sideways trading and slight technical weakness. One analyst concurs with this assessment, noting that the downtrend has been firmly broken and that upside is imminent.

This push higher allowed the cryptocurrency to shatter a critical resistance level, and its price has been stable above it for quite some time now. Could you be next big winner? I consent to my submitted data being collected and stored.

Bitcoin Descending Triangle Hints At Third Downtrend Before Bear Market Finish We've detected unusual activity from your computer network

Oct 10,  · One analyst concurs with this assessment, noting that the downtrend has been firmly broken and that upside is imminent. Bitcoin Stabilizes Above $11, as Selling Pressure Wanes At the time of writing, Bitcoin is trading up just under 3% at its current price of $11, This marks a notable surge from recent lows of $10, that were set just a few days ago. Bitcoin’s Downtrend Could Soon Reverse as Analysts Eye Move to $18, by Cole Petersen. 6 mins ago. in BTC. Reading Time: 2min read Listen to Article. Bitcoin has seen some rocky price action as of late, with bulls and bears battling for control over the cryptocurrency’s mid-term outlook. So far, this has resulted in the cryptocurrency. The most recent descending triangle took place after Bitcoin price ran headfirst into $13, Lower highs eventually led to a lower low, and a downtrend climaxing on Black Thursday this March. The crypto market rebounded into the rest of the year, but the risk ahead has investors pausing. Tags:Bitcoin el nacional, Jp labs bitcoin, Cboe bitcoin futures margin requirements, How hackers steal bitcoin, Best place to buy bitcoin for usd

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