The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Analysts React As Bitcoin Tumbles Below $10,000 – BTC, Ethereum, XRP, Litecoin Forecasts

by Daily Hodl Staff
July 16, 2019
in Bitcoin

[the_ad id=”36860″]

Crypto analysts are reacting to Bitcoin’s plunge below $10,000.

Nicholas Merten (aka Datadash) says BTC’s pullback of nearly 30% from its June high of $13,682 is in line with previous corrections.

“If we can get 35% or 40% down here, I’d like to take that as well. But I’m not getting greedy. A 30% correction is the starting point of previous Bitcoin corrections.”

As for when altcoins might turn around, Merten says he’s watching for Bitcoin’s dominance in the market to drop. Right now crypto investors hold 66.6% in Bitcoin with the remaining 33.4% in altcoins. Merten says that a drop in Bitcoin dominance by at least 1.5% will be an indication that alternative crypto assets may be ready to rise.

“I am definitely looking to add a bulk more to altcoins in this case once I see a trend shift. I’m talking about a good 1.5% to 2.0% drop in Bitcoin [dominance].

[the_ad id=”36860″]

And when we see that drop in Bitcoin, which is probably going to be an actual substantial price drop in Bitcoin, I want to see altcoins leap up. And it’s really going to depend on a good set of investors actually investing into altcoins at the same time or starting to get that sense of FOMO, similar to what we felt with Bitcoin back all the way in April.”

Meanwhile, analyst Josh Rager says BTC has found support at around $9,600 and is likely to fall further in the short term.

$BTC First daily target support hit

IMO, should hold at this area for consolidation & then likely another move down

Bearish trend reversal would be confirmed w/ a close at this level

Everyone should be liking this price action as you get another opportunity to buy under $10k+ pic.twitter.com/vk58CWyBD6

— Josh Rager ? (@Josh_Rager) July 16, 2019

Right now, Bitcoin is down 11.22% at $9,664 according to COIN360. Ethereum is down 14.68% at $200.21, XRP is down 7.03% at $0.2944 and Litecoin is down 14.36% at $79.20.

Source: COIN360

With the bears out in force, analysts at large are looking at what’s next for Bitcoin and the overall crypto market.

Bitcoin

FXStreet – Bear pressure remains at its highest levels on the day

[the_ad id=”36860″]

Ethereum

CryptoGlobe – Little support in sight for Ether

XRP

NewsBTC – Bulls struggling to gain strength above a bearish trend line

Litecoin

CCN – LTC shows signs of weakness before potential halving rally

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
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

Industry Announcements

  • Tyrion Set To Decentralize the $377 Billion Digital Advertising Industry
    September 25, 2023
  • Hydranet Launches Layer Three Dex – A Game Changer for Trustless Cross-Chain Trading
    September 25, 2023
  • Ottochain Homage to EVMOS and Ethereum Layer Two
    September 21, 2023
  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Meme Fans Eye El Hippo (HIPP) As Floki Inu (FLOKI) Price Dips
    September 19, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,791.18
$26,791.18
1.86%
Ethereum
$1,628.95
$1,628.95
2.22%
Cardano
$0.247772
$0.247772
0.72%
XRP
$0.505916
$0.505916
0.75%
Dogecoin
$0.061264
$0.061264
0.64%

Spotlight

  • Bitcoin in ‘Calm Before the Storm’ As Bull Market Narratives Fail: Analyst Nicholas Merten
    September 20, 2023
  • Ethereum ICO Participant Moves $9,960,000 Worth of ETH to Crypto Exchange Kraken: On-Chain Data
    September 20, 2023
  • Analyst Will Clemente Says Setup for Bitcoin (BTC) Becoming ‘Increasingly Favorable’ – Here’s Why
    September 20, 2023
  • Former Deutsche Bank Executive Faces 30 Years in Prison for Crypto Fraud: DOJ
    September 20, 2023
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.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash • Financeflux •
Industry Announcements

 

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl