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Falling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

ETH dropped below a key support in its USD and BTC pair, but analysts say a bullish trading pattern could eventually spark a sharp trend reversal.

Continue ReadingFalling wedge pattern points to eventual Ethereum price reversal, but traders expect more pain first

20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow

Recession fears mount as a 20% decline in the S&P 500 places stock in a bear market, increasing the chance that BTC and altcoins will make new lows.

Continue Reading20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow

Bearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets

Traders say Ethereum needs a monthly close above $2,250 to regain bullish momentum, but a bearish technical analysis pattern on the weekly timeframe threatens to push ETH price to new…

Continue ReadingBearish head and shoulders pattern forces Ethereum traders to re-adjust their price targets

Contrarian Bitcoin investors identify buy zones even as extreme fear grips the market

A popular BTC price metric points to “extreme fear” in the market, but contrarian investors say multiple on-chain metrics suggest Bitcoin is in buy territory.

Continue ReadingContrarian Bitcoin investors identify buy zones even as extreme fear grips the market

Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’

Daily closes above $30,000 could be a sign that BTC price is ready to consolidate, but traders warn against “generational bottoms” and “V-shaped” recoveries.

Continue ReadingBitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’