Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analyst Says Bitcoin Free-Fall Will Continue – BTC, XRP, Ethereum, Litecoin Forecasts

by Daily Hodl Staff
May 17, 2019
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

The biggest crypto analyst on YouTube says he believes the recent drop in the price of Bitcoin will continue.

Nicholas Merten (aka DataDash) says he expects a 40% correction in the recent parabolic rise of BTC, bringing the price to about $5,000 in the weeks ahead.

“This is a very key level because once we got up above $5,000 as we were setting up higher levels, we continuously tested this level. And that’s exactly what we did back here [in late 2015]. Again, you can see, before we entered a big bulk of that fast moving price action, going vertical in a sense, we had a test on that level. We tested it multiple times after we came back down. So the least I would expect is that we could come back down to that $5,000 level and test it multiple times. As we’ve seen this kind of parabolic rise in price action, this would line up perfectly with previous lows. So as we go into the end of May and into early June, I would expect we’re going to come down here into this range and hold…

ADVERTISEMENT

I can tell you all, anywhere between $5,000 and $5,500, I’m buying. I’m averaging down. I’m getting ready to prepare for this market run-up. But I’m going to have to see price come down to a lower level. NVT, RSI, everything is telling me it’s too overbought personally. As much as I love the cryptocurrency space, as much as I love Bitcoin, and I know it could be worth $1 million one day most likely, in the short term this is too much for me.”

Right now, Bitcoin is down 11.08% at $7,105 according to Coin360, posting a steep decline since Wednesday, May 15 when BTC was trading at $8,300. The downturn has dragged the altcoins into double-digit negative territory. Ethereum is down 15.55% at $230.47, and XRP is down 13.18% at $0.3723.

Source: Coin360

Technical analysts are watching Bitcoin bulls as they attempt to hold the line above the psychological barrier of $7,000.

Bitcoin

CoinDesk – Minor bounce possible before potential pullback below $7,000

Bitcoinist – Bullish traders trying to prop up BTC at critical moment

Crypto Briefing – BTC correction doesn’t invalidate its bullish trend

ADVERTISEMENT

Ethereum

FXStreet – ETH recovers from flash crash to $226, upside is limited so far

NewsBTC – Ethereum price in corrective decrease: $230 support holds key

XRP

Coinspeaker – XRP/USD price approaching potential bounce zone at $0.35

NewsBTC – XRP price showing signs of weakness, but likely to bounce back

Litecoin

FXStreet – LTC a perfect example of the phrase ‘what goes up must come down’

Ethereum World News – Litecoin facing many hurdles near the $92.50 and $94.00 levels

ADVERTISEMENT
Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
  • Everest Receives Crypto Custodian Approval
    February 23, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$44,958.00
$44,958.00
5.92%
Ethereum
$1,362.34
$1,362.34
8.42%
Binance Coin
$212.93
$212.93
7.82%
Polkadot
$31.34
$31.34
11.24%
Cardano
$1.25
$1.25
10.49%
XRP
$0.415668
$0.415668
6.75%
ADVERTISEMENT

Spotlight

  • US Treasury Secretary Has Several Concerns About Bitcoin, Addresses Need for Digital Dollar
    February 24, 2021
  • ‘Big Short’ Investor Michael Burry Issues Warning on Future of Bitcoin and Gold
    February 22, 2021
  • Altcoin Daily Names Top 8 Altcoins Poised To Erupt in March
    February 26, 2021
  • SpaceX Is Exploring Benefits of Placing Bitcoin on Its Balance Sheet, According to MicroStrategy’s Michael Saylor
    February 23, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.