Crypto Market Massacre: Altcoins Are Red Sea As Bitcoin Falls Down

The crypto market is a sea of ​​red this morning, after a massive collapse by market capitalization, the leading cryptocurrency by Bitcoin. The breakdown of the market leader has caused more than 10% of the board to fall into most of the alternative currencies, including Ethereum, EOS, Binance Coin and many more.

Is it time to buy blood on the streets, so to speak, or the crypto market car just started?

Altcoins Bleed Out As Bitcoin Breaks Through Support

This morning, the price of Bitcoin broke support at $7,400 to quickly fall below $7,000 before bouncing around $6,800 at the time of writing this article and trading around $7,150. The powerful decline and the resulting panic not only resulted in the reduction of the price of Bitcoin, but created a dramatic domino effect in the crypto market.
Following Bitcoin’s decline, market capitalization, Atheruim’s number two crypto asset, has fallen by more than 10% to around $ 135. The third-place cryptocurrency, Ripple, has fallen as low as 23 cents per XRP. But Ripple, in terms of percentage, has remained better than most other alternative currencies in a simple 5% decline.

Ethereum can Aim $120 Next, and History can Support This: Analyst

Ethereum (ETH) has been creating significant sales pressure over the past few weeks, which is the bitcoin it has faced since falling from its maximum of $10,600.

Analysts now point out that Ethereum can be deployed for new losses in the near future, with an analyst setting a target in the region of the top $120. Which may backed by the fact that the fourth quarter of the year historically when ETH sees its greater loss

Ethereum falls 8% while Bitcoin breaks below $7,000

At the time of writing, Ethereum is trading at more than 7% at its current price of $148.70, a large return of its daily maximum of more than $160.

Ethereum has been caught in a firm downtrend as it failed to exceed $190 earlier this month. It’s important to note that it has not been able to reach a significant upward momentum at that time. Since then, it has been rejected at $190, largely due to its close association with Bitcoin.

Will Bitcoin Worth rise further? Analysts Aim $6,000

A difficult week for Bitcoin is becoming a big hangover over the weekend as sales keep up the pressure. For the first time in six months, BTC dropped to less than $7k and is likely to suffer more losses.

Bitcoin Hits 6 months low

The crypto rally of 2019 is becoming a distant memory as the year closes. Bitcoin has fallen through several levels of support this week and Altcoins has been destroyed as usual. The capitalization of the encryption market has fallen by 16% compared to the same time last weekend.

BTC Local Bottom was Found at $6,800, Analysts Say

Ouch, The Bulls did not have the best week, as Coin reported, Bitcoin (BTC) lost 14% last week, trading at $7,300 at the time of writing this article. Despite the decisively bearish price action, some believe that this market is falling, at least for now. Because here

Has BTC Found a Bottom?

First, Chonky One made a simple observation on Friday morning that local bottles and Bitcoin caps can usually be easily determined; Specifically, “during the weakening of a recession, Bitcoin generally gets in the lower half of the week on Thursday or Friday … the same is true for the highest week of the same week.”
In fact, as its graph shows above, Bitcoin sees its most extreme price action on Thursday or Friday of the week for some reason. Tomorrow, Friday, with $6,800, is likely to be the minimum of the week.

They are not everything. Scott “Wolf of All Streets” Melker said yesterday that during the $ 6,800 fall, the four hour BTC relative strength index (RSI) was 6.5, the lowest in the Coinbase market and the highest in 2019. It is less. The oscillation between 0 and 100 as an RSI, reading of 6.5, which is extremely rare, means that the property being analyzed is heavily oversold and the resulting buoyancy.

Bitcoin Ready for a Move to $8,000, However Bear Vogue isn’t Over Yet

After experiencing a sharp decline in the upper sectors of $6,000 yesterday morning, Bitcoin bulls pushed the cryptocurrency up and pushed the cryptocurrency further, the basis of the recent cryptocurrency minima that remain below the BTC at medium term.

Analysts now widely expect Bitcoin to produce more short-term gains. But it is important to keep in mind that cryptocurrency is still caught in a medium-term downtrend. This means that it will eventually move further down despite its short Deadline You can look towards – Last fast.

Bitcoin Monthly Close of November is Critical For Bull Market

After the $3,100 Bitcoin fund, the entire cryptocurrency community expects to launch the asset directly into a full-blown bull market. However, the current price action in the cryptocurrency space has been all but quick.

But according to an analyst, it all depends on the monthly closing of candles in November. Depending on how the month closes, a gold cross may occur on the weekly deadline and may indicate a significant advantage in the coming months.

Bitcoin Bulls Protect Key Trendline, As investors Manifest Huge fear

After increasing the capitulation limit in the last part of yesterday, Bitcoin (BTC) has been able to post a fairly strong rebound. Which allowed it to regain its position within the lower regions of $7,000 Es, and its recent cows can eventually be marked for a long time. – Suitable for crypto below.

It is important to keep in mind that the last rally occurred after the cryptocurrency took advantage of an important trend line that started the bullfight of 2019 earlier this year, and this level of sustained defense drove the price action to medium-term crypto can help.

Ethereum Multi-Year Reform May Close Soon, Claims Analyst

Ethereum has been closely watching the price action of Bitcoin for the past few days and weeks, offering ETH in a hesitant style last night before posting a sharp increase overnight, which made it regain its position within the $140 area. Permission to receive.

An analyst no longer realizes that Ethereum’s multi-year downtrend may end soon. As it expresses several signs that may indicate hidden underlying stability. That will eventually lead to significantly greater growth in the medium term.

Ethereum Will Never Violation $1,000 Again: Crypto Analyst

The crypto market has been struggling for almost two full years, returning to the heights of the cryptocurrency run at high prices of all time when Bitcoin rose to $20,000. Became a household name and alternative currencies like Ethereum had investors. It made him rich.

During that time, Ethereum exploded at $1,400 per ETH, as its value soared due to the demand for assets fueled by the ICO boom. However, an encryption analyst says. The price of Ethereum has never approached the $1,000 mark, even if bitcoin someday reaches prices of $50,000.

Bitcoin Worth May Be Able To Rally, As Per Social Media Metric

The price of Bitcoin has steadily declined over the past few weeks since the crypto asset experienced the third-largest increase of a day in the latest news of its short history that China will support blockchain technology that builds crypto-assets has made.

However, the price of Bitcoin may be ready to recover once again. According to a social media metric that has not increased its vigorously since the day the Chinese crypto bomb started.

Crypto Markets may be near to post a Bullish Rally, but All Eyes on BTC

The aggregate and Bitcoin crypto markets have faced a growing slowdown in recent days and weeks, with many large shares of Alto losing strongly as BTC remains stuck below the key resistance levels that will determine its market. If the structure It is fast or not.

A leading analyst now points out that the encryption market may be due to a significant amount of upward momentum. That can help them place a significant amount among their recent lows.

XRP Can Aim Short-Term Profit Against BTC; Here’s Why

Bitcoin has been making a good momentum upward in time since it reached $6,500. Which has allowed major alternative currencies like XRP to similarly put some distance between their current prices and their recent lows.

Crucially, analysts point out that XRP may see some short-term gains against its Bitcoin trading pair, which may have emerged against BTC in the general crypto market boom.

Bitcoin is a Clear Long as it Shows Signs of Bottoming, Claims Analyst

There is a greater chance that the recent Bitcoin decline of more than $ 6,500 will mark a long-term low for the cryptocurrency, as its bulls have been able to keep their price high and maintain their momentum, BTC now points to an $ 8,000 move.

Analysts are now seeing that Bitcoin is clearly changing its recent downtrend in favor of its bull. Which could mean that a considerable advantage for the cryptocurrency is imminent?

Bitcoin Cost Tries to Reclaim ‘Mega Bull Run’ Moving Average

The cost of Bitcoin has steadily declined for months, which puts it at risk of destroying all the profits of the 2019 parabolic rally and jeopardizing the new possibility of Bitcoin.

However, if the cost of Bitcoin can claim a very significant moving average, sending the key crypto asset to a “mega bullfight” for the market capitalization for the last time. An analyst says it is “too optimistic” Will and possibly repeat the other one. The bull market for assets and other cryptography.