Bitcoin Sell-Off After a Retest, BTC May Drop to $39.5k
Bitcoin briefly had their best foot forward before cratering in the New York Session.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Bitcoin briefly had their best foot forward before cratering in the New York Session.
The Ethereum price is up roughly seven percent in the previous trading week, a positive development following worrying losses early last week.
The Cardano price remains within a bear breakout formation, as evident in the daily chart. In the past 24 hours, the coin is down 12 percent
After bullish hints mid this week, Bitcoin prices slumped on April 14, forcing the coin lower in a bear trend continuation pattern.
The Ethereum price is back above the $3k level, following sharp declines on April 11. Although ETH is steady versus USDT and BTC, the coin is
Polkadot is under pressure at spot rates, shaving four percent in the previous trading day and down double digits in the last trading week.
The Bitcoin price is within a bear breakout formation as per the candlestick arrangement in the daily chat. BTC is down three percent at spot rates
The Ethereum price is down four percent at spot rates but remains in an uptrend as per the candlestick arrangement in the daily chart.
Solana is one of the top 10-performing assets. In the previous week of trading, SOL, is up double digits, adding 36 percent against the USDT. The
The Bitcoin price is below the $46.5k level after briefly consolidating in a tight $2k range. Despite the cool-off traced to early this week, buyers still
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