Analyst: Short-Term Correction Expected if Bitcoin Drops Below $3,600

Following a week of slow but steady gains Bitcoin fell off the digital cliff again yesterday with a flash crash that wiped out all progress made so far this year. Analysts are now looking at a short term correction if BTC can hold on to where it has currently fallen. Further Downside Expected on Consolidation…

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Binance CEO CZ Believes 2018 is a ‘Correction Year’ For The Crypto Space. A Better 2019?

Binance Chief Executive Officer, Zhao Changpeng in his speech while discussing with Bloomberg, stirred up the strength of investors and crypto enthusiasts who must have been discouraged by the continuous bearish crypto market. Zhao termed 2018 a ‘correction year’ which means that a lot of lessons have been learned this year which will lead to…

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🔴 Ep.  399: Gold Breaks Out, Bitcoin Breaks Down

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Correction Sees Electroneum Price Drop 20%; But Still Reasons For Optimism

After a week where many coins turned green and recorded significant gains, it seems there is a bearish momentum building up. A good example of this is with Electroneum’s price—which has experienced a steep dip through and past this weekend. The project experienced 100 percent gain in value in the past few days and anyone…

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Strong Correlation Between Bitcoin (BTC) And The Dollar Index Suggests Market Correction Is Over

Bitcoin (BTC) has sung to the tune of the US Dollar for as long as we can remember. This is how it goes with the US Dollar and emerging markets. The above chart for dollar index shows how Bitcoin (BTC) has performed at critical stages of the Dow Jones Dollar Index for the past several…

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Tron (TRX) Price Watch: Major Correction Taking Place

Tron Price Key Highlights Tron has tumbled to the bottom of its descending channel on the 4-hour time frame but support is still holding. A pullback could take Tron price up to the channel resistance again and the inflection points might keep gains in check. Technical indicators are showing that bearish pressure is still in…

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Bitcoin (BTC) Price Watch: Trend Line Break and Correction

Bitcoin Price Key Highlights Bitcoin price recently broke above a short-term descending trend line as an early reversal signal. Price reached the $6,650 level then made a pullback to the broken resistance, which lines up with the Fibs. Technical indicators also suggest a continuation of the reversal. Bitcoin price broke above its descending trend line…

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Ethereum Price Analysis: ETH/USD Correction Facing Hurdle Near $300

Key Highlights ETH price started a short-term correction and moved above the $275 level against the US Dollar. This week’s followed important bearish trend line is in place with resistance at $300 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to find a strong selling interest near the $295,…

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Bitcoin (BTC) Price Watch: Bulls Defending Correction Level

Bitcoin Price Key Highlights Bitcoin price is still in correction mode but appears to be finding support at the nearest Fib. A bounce from current levels could take it back up to the swing high and beyond. A move lower, on the other hand, could indicate that a deeper pullback from the uptrend is in…

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Ethereum price analysis – Temporary downwards price correction

Ethereum price soared up to a day high of $712 on Tuesday before a downwards price correction attempt became evident pulling the price downwards to a day low of $596 on Wednesday. The market bulls failed to break through the resistance around $713.24, which corresponds to the 61.8% Fibonacci retracement. The upwards trend which has…

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Does This Indicate Market Correction, Or Something More Serious?

Going into Monday evening (16th of April) we have seen the mid-April market surge tail off, with huge gains taken over the weekend slowed back down, pushing the markets into a (mostly) market-wide descent. Let’s take a look at where we stand right now. *data from coinmarketcap.com This is what we saw at the time…

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