Bearish

XRP price triggers a 70% bearish breakout; this is what traders can do

XRP price triggers a 70% bearish breakout; this is what traders can do

XRP’s price has set in motion a bearish outlook that could push it back to levels last seen in December 2020 and during the COVID crash of 2020. Therefore, investors need to exercise caution around Ripple. XRP price fails to reap the benefits XRP price action since 29 March has created four distinctive lower highs …

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Bullish or bearish? Maker could see these levels in the coming week

Bullish or bearish? Maker could see these levels in the coming week

Since its ATH in may last year, Maker (MKR) has been on a persistent decline. On its daily chart, the alt witnessed an 11-month trendline resistance that served as a strong selling point to date. From here on, MKR would likely continue its patterned oscillation and eye to retest its trendline resistance before falling towards …

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Market insiders struggle to explain Asia’s typically bearish crypto trading sessions

Market insiders struggle to explain Asia’s typically bearish crypto trading sessions

Quick Take Crypto Twitter likes to meme about bitcoin markets turning bearish when Asia-based traders come online. Data suggests this is actually happening — but prominent crypto traders aren’t exactly sure what’s driving it. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. …

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Do on-chain metrics show an overly bearish picture of the 2020 Bitcoin market?

Do on-chain metrics show an overly bearish picture of the 2020 Bitcoin market?

Bitcoin’s on-chain metrics suggest that the market is overly bearish. This has been the case for most of 2020.  Source: Coinmarketcap Up till now, on-chain metrics are considered a reliable source of data for predicting Bitcoin’s market sentiment and price. It is assumed that the Bitcoin Network needs sufficient on-chain volume in order to fuel …

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Bitcoin Drops as Traders See Bearish Signals in Futures Markets

Bitcoin Drops as Traders See Bearish Signals in Futures Markets

Bitcoin slid Monday to its lowest point in the past seven days, with traders saying bearish signals are appearing after the cryptocurrency’s 30 percent rebound from a market bottom in mid-March. After recovering from the depths of the coronavirus-induced sell-off, bitcoin repeatedly failed to break above a price of $7,400.  Bitcoin (BTC) prices fell Monday …

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