Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,412 members, 7,954,648 topics. Date: Saturday, 21 September 2024 at 04:43 AM |
Nairaland Forum / Nairaland / General / Investment / Coin Takes A Dive Into The Bear’s Jaws As Hodlers Panic (319 Views)
Volume Of Bitcoins In The Wallets Of Hodlers Reached A 5 Year High / When Is The Bear Market Ending? / Bitcoin Just Broke 4200. The Bear Market Is Officially Over (2) (3) (4)
(1) (Reply)
Coin Takes A Dive Into The Bear’s Jaws As Hodlers Panic by Bitssa: 7:32am On Nov 23, 2018 |
Bitcoin [BTC] has seen one of the largest market drops in its recent history, currently having lost a third of its value over the past week. In this timeframe, the cryptocurrency market has also been stuck in the grip of the bear’s claws, causing a truly red week for HODLers. A support uptrend is visible from $4245 – $4415 – $4515, with a downtrend from $5420 – $5200 – $4310, reflected in the price movement from $5495 – $4580. A sole support level is present at $4245, with a resistance set at the $5545 mark. On the long-term outlook, an uptrend is not visible owing to the sharp downwards price movement from $8390 – $6505 complemented by the fall from $5850 – $4350. As all previous support levels were broken during the fall to below $5000, resistances have now been set at $4545, $5850 and $6145. The market seems to be headed for another bearish turn in the short term, with a longer recovery to be seen in the medium to long-term. Resistances will be tested at $5545, with the support at $4245 representing the last stance for Bitcoin’s bulls. |
(1) (Reply)
Get All Dispenser/bottle / Sachets Water Factory Machines At Company Price. / Mark Zuckerberg Is Now Worth $100 Billion / Legit Website For Making Cool Cash��
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7 |