Ether price is down today after enduring a 9% decline in three days, and data suggests that the altcoin is poised for further downside.
Markets news
Repeat bearish engulfing candles near range highs and Bitcoin’s inability to flip $70,000 to support are possible signs of an incoming correction
Ethereum price has had a rocky start to the week and data suggests that more downside could be on the way.
Bitcoin indicator data suggests a much stronger long-term picture than the current BTC price rejection from $69,000 would have traders believe.
Dogecoin is down today after entering overbought territory, with a looming golden cross and macroeconomic factors adding to the bearish pressure for DOGE price.
Bitcoin institutional investors are pausing for thought while BTC price struggles to overcome resistance.
Bitcoin’s upcoming price recovery will be driven by a handful of unique factors.
Bitcoin’s brief rally to $69,000 maybe have been “driven by speculation” for a Trump victory. Meanwhile, BTC options traders say $80,000 is programmed.
Traders expect Bitcoin downside price action to continue but also agree that in the coming weeks, $73,000 could occur “fairly quickly.”
Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?