Bitcoin Price Slumps, will BTC/USD Find Support at $42k?
After the turbulence of the first half of the week, the Bitcoin price is stable, attempting to shake off bears and re-instill confidence in buyers.
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.
After the turbulence of the first half of the week, the Bitcoin price is stable, attempting to shake off bears and re-instill confidence in buyers.
The decimation of crypto didn’t spare Ethereum. As of writing, there has been a pullback from the plunge of the last two days. Nonetheless, the Ethereum
The Ripple price firm, even though it is sliding versus major currencies like BNB and Cardano who posted massive gains last week. Of note, traders are
The Bitcoin price is steady at the time of writing on Feb 19. The world’s most valuable digital asset is now trading above $51k, after blasting
The Ethereum price ranges with caps at $1.7k on the lower end and $1.85k on the upper zone. Although bullish, the inability of prices to pull
The Ripple price has successfully managed to shake-off December 2020 drawdown–if the daily chart’s price action guides.
The Bitcoin price leads the performance chart, steady above $46k after a recoiling on the last few days. Behind this surge is news of Elon Musk’s
The Ethereum price is, like Bitcoin, charting a new path, rising to an all-time high above $1.8k.
Even with the SEC stripping over $15 billion of value from the digital asset, the Ripple price is still up a decent 51 percent year-to-date. Undoubtedly,
The Bitcoin price continues to track higher, rewinding losses from $30k, breaking above $35k, and may surge past $40k if bulls add to their longs.
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