Bitcoin Price Correction Dips Down Amidst Bullish Pressures

Bitcoin Price Correction Dips Down Amidst Bullish Pressures ⋆ ZyCrypto

Bitcoin’s price has broken the week-long consolidation in favor of bears, amidst pressure to continue rallying upwards against other major currencies like the US dollar. The market opened the week, January 20, 2020, with a huge market gap, which many analysts saw as a confirmation of a direct bull rally. For the last three days, … Read more…

Healthy Correction or Reason To Panic? Price Analysis & Overview

Healthy Correction or Reason To Panic? Price Analysis & Overview

Today we got another reminder that volatility is working both ways. Bitcoin has fabulous times since entering the new decade. However, when we see such a parabolic move to the upside, we can expect volatile moves to the other side, as well. Just yesterday, we mentioned Bitcoin price reaching its first major test – the … Read more…

Is This The End of The January 2020 Bull-Run, After Today’s $300 Correction?

Is This The End of The January 2020 Bull-Run, After Today’s $300 Correction?

Since breaking the $8600 resistance two days ago, Bitcoin had continued its surge directly to the upper ascending line, the one that is marked on our following 4-hour chart. It looks like Bitcoin’s rally got a (temp?) ‘roof’ at that ascending trend-line. Why a temp roof? If Bitcoin would like to reach new highs, it’s … Read more…

Bitcoin Languishes at 3-Week Lows, Ethereum Erases Yearly Gains amid Mind-Boggling Crypto Correction

Bitcoin Languishes at 3-Week Lows, Ethereum Erases Yearly Gains amid Mind-Boggling Crypto Correction

Bitcoin’s price plunged 4% to $6,584, its lowest in over three weeks. Altcoins hastened their decline, sending the total crypto market to fresh six-month lows. Since peaking in late June, cryptoassets have shed more than $180 billion in combined market cap. Bitcoin’s price printed fresh three-week lows on Tuesday, as fear and uncertainty continued to … Read more…

Bitcoin (BTC) Price Still Follows Stock-to-Flow Model Despite 48 Percent Correction

Bitcoin (BTC) Price Still Follows Stock-to-Flow Model Despite 48 Percent Correction

Contents The first scarce digital object  “Almost entirely nonsense”  While Bitcoin’s massive 48 percent correction from its yearly high of $13,700 might cast doubt on the new bull market, it actually remains in line with the stock-to-flow (STF) model. Hence, it is not unreasonable to assume BTC could see another rally after the upcoming halvening if the … Read more…

Bitcoin Dips Below $7,000, is a Sharp Correction to $6000s Unavoidable?

Bitcoin Dips Below $7,000, is a Sharp Correction to $6000s Unavoidable?

Contents Bitcoin at risk of a further drop to the low $6,000s A big move was expected and that move is down On major crypto exchanges like BitMEX, the bitcoin price briefly dipped below $7,000 for the first time since November 28. Right before the daily close on December 14, the bitcoin price … Read more…

US markets may see a correction if Democrats sweep 2020: Goldman Sachs

US markets may see a correction if Democrats sweep 2020: Goldman Sachs

Traders work at the New York Stock Exchange on October 2, 2019. Johannes Eisele | AFP | Getty Images Markets stateside could be in for a “significant correction” if the Democrats make a clean sweep in next year’s U.S. elections, according to one Goldman Sachs analyst. A “unified Democratic result” where the party secures the … Read more…