• Latest
How Bitcoin Rate Could Drop 50 To 70% If Momentum Turns Down

How Bitcoin Rate Could Drop 50 To 70% If Momentum Turns Down

March 23, 2021
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Bitcoin

How Bitcoin Rate Could Drop 50 To 70% If Momentum Turns Down

coinnewsdaily by coinnewsdaily
March 23, 2021
in Bitcoin
0
How Bitcoin Rate Could Drop 50 To 70% If Momentum Turns Down
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022


Bitcoin price is down practically 10% from recent highs established before this month, but the fundamental toughness of the cost action is beginning to fade ever so slightly.

The weekly MACD is also turning , probably ready to cross in excess of for the 1st time in months. Here’s how these kinds of a bearish crossover could result in as a great deal as a 50 to 70% correction in the top cryptocurrency by current market cap.

Is The Bitcoin Bull Market place Coming To A Conclusion Quickly?

Bitcoin by most standards has been in uptrend for a total year now, courting back to Black Thursday in March 2020. The pattern started to switch marginally up even just before then, courting back again to the base of the bear marketplace in 2018.

From that base, the best cryptocurrency rocketed from lows but momentum lastly ran out before new highs have been achieved. This final force, was effective in breaking by previous resistance and setting a new all-time superior a few situations the last cycle’s peak.

Related Examining | This Bitcoin Metric States The Bull Market May Shortly Be Above

On the other hand, issues could be at the time again turning down, considerably like they did in 2019. Or even worse yet, in accordance to the Relocating Common Convergence Divergence on weekly timeframes, this could be the end of the bull industry for some time.

At the incredibly the very least, facts demonstrates that if a bearish crossover occurs – one thing that Bitcoin is just inches absent from – a among 50 to 70% correction normally follows.

Momentum is turning down, and previous circumstances present steep corrections | Supply: BTCUSD on TradingView.com

What Momentum Says About The Latest Cryptocurrency Market place Cycle

Hunting at the over chart, the correlation between the logarithmic version of the MACD and previous peaks are undeniable. When the MACD crosses bearish on weekly timeframes, it has been a trustworthy signal the prime is in.

The a single catch, is that the reading ought to be over .25 to be powerful in recognizing the leading. It’s also well worth noting, that each and every prime actually transpired right before the bearish crossover, which is why the MACD has a notorious track record as a lagging indicator.

lmacd bitcoin

A a lot more in-depth seem at the LMACD reveals a great deal about value action | Supply: BTCUSD on TradingView.com

Getting rid of cost action, and focusing on the information of the LMACD by yourself, tells an in-depth story about price motion over the very last quite a few several years.

Any crimson arrows marked a medium-to-long-time period top rated. Every single have been higher than the crucial degree of .25, and three out of 4 are brushing up a descending trendline, which the LMACD is at this time touching now. Two out of those three were being tops, but there’s no telling if the third time is the allure.

Arrows marked in orange also clearly show nevertheless a different 50 to 70% collapse following the original 50 to 70% crash has concluded, but these had been sweeps of bear market lows. Blue arrows are a large amount a lot more bewildering, ensuing in bearish crossovers and selloffs, but also an speedy resumption of the bull pattern.

Similar Looking at | Following Bitcoin “Reset,” It’s “Off To The Races Again”

Which is what brings Bitcoin to an desire inflection issue at the moment. The LMACD is, as mentioned, touching a trendline courting back again almost a ten years really worth of bull current market tops, adding credence to any theories that the peak of this cycle could be in now.

But its value mentioning also, that owing to the many blue arrows, and the actuality that Bitcoin now broke by one descending trendline (pink dashed line) could advise that this existing operate is heading to split much more than just value records.

Ultimately, whilst a best could be in for now, there’s no ruling out a 2013-like state of affairs where by there have been two unique peaks only seven months aside. That would suggest that any bearish crossover, would in the long run change back again up equivalent to 2017, but convey with it an additional peak just like 2013.

Featured graphic from Deposit Photos, Charts from TradingView.com
Tags: BitcoinCryptocurrenciesDigital currenciesPayment systems
Share76Tweet47
Previous Post

Microsoft conducts poll, wishes to know if you use Bitcoin

Next Post

Bitcoin Drops To $54K, Why Recovery Could Be Restricted In Small-Expression

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
what are wrapped tokens?
Bitcoin

What Are Wrapped Tokens?

April 23, 2022
btc and eth will break all time highs in 2022 — celsius ceo
Bitcoin

BTC and ETH will break all-time highs in 2022 — Celsius CEO

April 21, 2022
price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
Bitcoin

Play-to-Earn Bitcoin Games: How Lightning Network Enables Gamers to Earn Sats

April 20, 2022
Load More
Next Post
Bitcoin Drops To $54K, Why Recovery Could Be Restricted In Small-Expression

Bitcoin Drops To $54K, Why Recovery Could Be Restricted In Small-Expression

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$20,293.006.11%
  • ethereumEthereum(ETH)$1,154.529.53%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$233.268.11%
  • rippleXRP(XRP)$0.3271792.76%
  • cardanoCardano(ADA)$0.4665714.36%
  • SolanaSolana(SOL)$35.839.39%
  • dogecoinDogecoin(DOGE)$0.0694154.05%
  • polkadotPolkadot(DOT)$7.044.86%
  • daiDai(DAI)$1.00-0.20%
  • tronTRON(TRX)$0.0685322.90%
  • Shiba InuShiba Inu(SHIB)$0.0000117.35%
  • leo-tokenLEO Token(LEO)$5.75-2.05%
  • matic-networkPolygon(MATIC)$0.5316.30%
  • litecoinLitecoin(LTC)$51.733.40%
  • FTXFTX(FTT)$26.028.21%
  • OKBOKB(OKB)$12.895.72%
  • CronosCronos(CRO)$0.1180436.05%
  • chainlinkChainlink(LINK)$6.395.67%
  • stellarStellar(XLM)$0.1105093.25%
  • cosmosCosmos Hub(ATOM)$8.8911.64%
  • moneroMonero(XMR)$124.267.31%
  • algorandAlgorand(ALGO)$0.3208636.18%
  • ethereum-classicEthereum Classic(ETC)$15.346.05%
  • bitcoin-cashBitcoin Cash(BCH)$106.823.10%
  • vechainVeChain(VET)$0.0232555.18%
  • tezosTezos(XTZ)$1.545.44%
  • Internet ComputerInternet Computer(ICP)$5.607.51%
  • filecoinFilecoin(FIL)$5.525.47%
  • theta-tokenTheta Network(THETA)$1.255.06%
  • ElrondElrond(EGLD)$54.508.41%
  • bitcoin-cash-svBitcoin SV(BSV)$55.756.65%
  • eosEOS(EOS)$0.985.99%
  • AaveAave(AAVE)$62.9911.22%
  • paxos-standardPax Dollar(USDP)$1.000.11%
  • makerMaker(MKR)$948.927.80%
  • iotaIOTA(MIOTA)$0.2785254.91%
  • zcashZcash(ZEC)$58.268.98%
  • huobi-tokenHuobi(HT)$4.585.64%
  • havvenSynthetix Network(SNX)$2.7610.09%
  • basic-attention-tokenBasic Attention(BAT)$0.4184757.87%
  • neoNEO(NEO)$8.575.81%
  • zilliqaZilliqa(ZIL)$0.0403426.50%
  • wavesWaves(WAVES)$5.444.85%
  • dashDash(DASH)$44.205.39%
  • KusamaKusama(KSM)$51.355.45%
  • PancakeSwapPancakeSwap(CAKE)$3.164.12%
  • nemNEM(XEM)$0.0417352.18%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$49.393.88%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$2.895.19%
  • bitcoin-goldBitcoin Gold(BTG)$15.954.24%
  • omisegoOMG Network(OMG)$1.874.58%
  • golemGolem(GLM)$0.2443732.06%
  • SushiSushi(SUSHI)$1.1111.61%
  • ontologyOntology(ONT)$0.2403604.50%
  • yearn-financeyearn.finance(YFI)$6,300.5912.13%
  • umaUMA(UMA)$2.724.22%
  • digibyteDigiByte(DGB)$0.0094623.62%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....