Home » Tag Archives: Bearish

Tag Archives: Bearish

Bitcoin Price Watch: BTC/USD Broke Key Supports, Turns Bearish

Key Points Bitcoin price failed to stay above the $6,300 and $6,280 support levels against the US Dollar. Yesterday’s highlighted key contracting triangle was breached with support at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair even traded to a new monthly low below $6,000 and moved into a bearish zone. Bitcoin price ...

Read More »

Ripple (XRP) Price Watch: Bearish Pullback in the Making

Ripple Price Key Highlights Ripple price recently fell through short-term consolidation to test the bottom of its channel. Support appears to be holding, so price could be due for a pullback to the descending channel resistance from here. The Fib retracement tool shows the potential correction levels where more bears might be waiting. Ripple price fell to the bottom of ...

Read More »

‘Game Over’ for Bitcoin, Claims Bearish Technical Analyst

If the bitcoin price falls below the important year-to-date support level, the dominant cryptocurrency will suffer irreparable damage in the marketplace. This is the opinion of Renaissance Macro Research, quoted by CNBC on Thursday Aug. 9. Bitcoin May Be ‘Permanently Impaired’ According to the financial analysis firm, what bitcoin is facing right now could be much more significant than just ...

Read More »

Ethereum Price Analysis: ETH/USD Plummets, Bearish Below $390

Key Highlights ETH price fell sharply and broke the $400, $390 and $380 support levels against the US Dollar. This week’s followed crucial bearish trend line prevented gains near $406 on the hourly chart of ETH/USD (data feed via Kraken). The pair is currently correcting higher, but it is likely to face sellers near the $380 and $390 levels. Ethereum ...

Read More »

Bitcoin Price Intraday Analysis: BTCUSD Forming Bearish Pennant

Bearish bias stayed for dinner, and it now wants to stay the night. There is no stopping to the prevailing selling sentiment in the Bitcoin market. Over the past one week, after establishing a weekly high at 8512-fiat, the BTC/USD pair has slipped 11.6% already. The price action in the past 24 hours has somewhat remained stable, with the pair ...

Read More »

EOS Price: Momentum Looks Bearish but may Turn Around Soon

Cryptocurrency markets are always interesting creatures. Their movements often make little to no sense, even though there are some general patterns which become apparent more often than not. It appears there may be some positive momentum later today, even though the EOS price is still struggling a bit as of right now. EOS Price Faces an Uphill Battle It is evident ...

Read More »

Ethereum Classic Price Analysis: ETC/USD Turned Bearish?

Key Highlights Ethereum classic price failed to hold an important support at $16.25 and declined against the US dollar. There is a major bearish trend line formed with resistance at $15.65 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair remains at a risk of more losses as long as it is below the $15.70 ...

Read More »

Bitcoin Price Intraday Analysis: BTCUSD Bearish Pattern Continues

It is not a new day for Bitcoin speculators, for the prevailing bearish bias in the market has been intensified further following a strong selling round. The day started with BTC/USD sticking to its chop-mood before invalidating a significant support level at 7814-fiat yesterday. We had discussed two outcomes in our previous analysis following the downward breakout: either, there will ...

Read More »

Bitcoin Price Watch: BTC/USD Turned Short-term Bearish

Key Points Bitcoin price broke a significant support at $7,840 and declined towards $7,450 against the US Dollar. This week’s highlighted crucial bearish trend line played a key role near $8,260 on the hourly chart of the BTC/USD pair (data feed from Kraken). Key resistances are forming near the $7,650 and $7,748 levels, which are likely to act as hurdles. ...

Read More »