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

Bitcoin Dip or Doom? Analysts Diverge As Crypto Market Plummets $20 Billion – BTC, Ethereum, XRP, Litecoin, Bitcoin Cash Forecasts

by Daily Hodl Staff
July 14, 2019
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

A growing number of crypto analysts are predicting Bitcoin will continue to slide lower in the coming days – but there’s little agreement on just how low it may go.

Bitcoin is down 6.36% at $10,472 on COIN360 at time of publishing. The rest of the crypto market is down along with BTC, with the market cap of all cryptocurrencies dropping from about $306 billion to $285 billion in less than 24 hours, according to CoinMarketCap.

Source: COIN360

As Bitcoin continues to sink from a high around $13,000 on Wednesday, analyst Josh Rager says today’s close will be key.

ADVERTISEMENT

Rager tells his 49,000 Twitter followers that BTC needs to close above $10,577 to prevent a further drop to around $9,500.

$BTC – the 🐻's woke up from hibernation and are pushing the price down to major support area

Really need to see it close above $10,577 level or my next target will be in the low to mid $9ks at a weekly support level

Bulls have until 11:59PM UTC for daily/weekly close pic.twitter.com/kPON0FsgFW

— Josh Rager 📈 (@Josh_Rager) July 14, 2019

Fellow analyst DonAlt tells his crew of 112,000 that a fractal analysis, which is used to identify recurring price patterns, shows Bitcoin’s current price action looks similar to the peak of the last Bitcoin bull run, with step six on the chart below indicating “doom” could be on the horizon.

“Let me start this off by saying that I don’t really trade fractals, I just observe them, mostly for fun.

Just noting the fact that current price action looks pretty similar to the last top. Would be ironic if the ’19 top played out the exact same way ’17 did.”

YouTube’s popular crypto analyst Nicholas Merten (aka DataDash) says he also believes BTC will continue to move lower in the next day or two but doesn’t agree with analysts calling for a short-term drop to as low as $7,000.

“I do believe we’re going to have another day or two of correction. Breaching this support level [at $10,800] is pretty significant. I think we could easily come down to test previous support [at $9,700], not to mention $9,000 would be a good target because it was acting as resistance in May…

ADVERTISEMENT

Most of the people on TradingView, and some people that I even admire in the sense of technical analysis, a lot of them are calling for an absolutely big sell-off down to $7,000 or $8,000 and they’re having really low price targets.

They think it’s going to be a 45% correction or something like that. I turn towards history here and I know that between a 30% to 40% correction is usually a buy on the exiting of the accumulation phase for Bitcoin.”

Here’s an overview of some of the latest technical analysis on Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash.

Bitcoin

NewsBTC – Bitcoin at risk of extended drop to $8,880

FXStreet – Symmetrical triangle in play, focus on Sunday’s close

Ethereum, XRP, Litecoin, Bitcoin Cash

Crypto Daily – Short-term sentiment for ETH/USD remains bearish

FX Empire – Bears take another bite as BCH, XRP and LTC search for support

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
$49,065.00
$49,065.00
5.46%
Ethereum
$1,556.53
$1,556.53
7.98%
Binance Coin
$249.01
$249.01
10.33%
Polkadot
$35.83
$35.83
5.6%
Cardano
$1.22
$1.22
4.66%
XRP
$0.441455
$0.441455
4.3%
ADVERTISEMENT

Spotlight

  • Elon Musk’s Harsh Take on Hosted Crypto Wallets – Here’s the Flip Side of the Coin
    February 24, 2021
  • Whale Alert: $4,500,000,000 in Bitcoin Moved in Historic Transfer – Here’s Who’s Behind the Curtain
    March 1, 2021
  • As Bitcoin and Ethereum Tumble, Analyst Who Predicted Crypto Correction Plots Path Ahead
    February 22, 2021
  • Crypto Exchange Sells Thousands of Bitcoin for $6,000 Each Amid Surge in Market Volatility: Report
    February 26, 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.