Tuesday, November 20Your Daily Bitcoin & Altcoin News Portal

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Bearish Sentiment Mounts As Bitcoin (BTC) Plunges Below $4,400

Bearish Sentiment Mounts As Bitcoin (BTC) Plunges Below $4,400

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Please share if you find this article interesting. Bearish Sentiment Mounts As Bitcoin (BTC) Plunges Below $4,400 When an overwhelming number of cryptocurrency investors thought it couldn’t get any worse, it did.Bitcoin (BTC), after falling under $5,800 on November 14th, continued lower on Monday and Tuesday morning, moving under a multitude of supposed support levels at $5,000, $4,800, and, most recently, $4,400. Altcoins, save for XRP, followed close behind ‘big daddy Bitcoin’, posting similar losses of 15%, or even more in acute cases of ‘bear market bowel syndrome’.Keeping this tumultuous price action in mind, crypto investors have done their best to discern where this nascent market could be headed next. And sadly, a majority, like moths to a flame, have looked to bears for
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Bitcoin Price Watch: BTC/USD Nosedives 15%, $4,000 Next?

Bitcoin Price Watch: BTC/USD Nosedives 15%, $4,000 Next?

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Please share if you find this article interesting. Bitcoin Price Watch: BTC/USD Nosedives 15%, $4,000 Next? Key PointsBitcoin price fell significantly and declined below the $5,000 and $4,600 supports against the US Dollar.There are two bearish trend lines formed with resistance near $4,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).The price is likely to accelerate losses towards the $4,200 and $4,000 levels in the near term.Bitcoin price traded to multi month low below $4,500 against the US Dollar. BTC/USD could continue to decline towards the $4,000 support area.Bitcoin Price AnalysisYesterday, we discussed the chances of a new low below $5,200 in bitcoin price against the US Dollar. The BTC/USD pair did move down and broke the $5,200 and $5,000 support le...
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Ethereum Classic Price Analysis: ETC/USD Sellers Next Target $5.00

Ethereum Classic Price Analysis: ETC/USD Sellers Next Target $5.00

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Please share if you find this article interesting. Ethereum Classic Price Analysis: ETC/USD Sellers Next Target $5.00 Key HighlightsEthereum classic price tumbled recently below the $7.00 and $6.00 supports against the US dollar.There is a short term bearish trend line formed with resistance at $6.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken).The pair is likely to extend the current decline towards the $5.20 and $5.00 support levels.Ethereum classic price fell significantly against the US Dollar and Bitcoin. ETC/USD could continue to move down below $5.50 to test $5.00.Ethereum Classic Price AnalysisAfter dropping to the $7.00 level, ETC price started a short term consolidation against the US dollar. The ETC/USD pair corrected a few points above $7.20, but it ...
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Ripple Price Analysis: XRP/USD Outperforms Bitcoin And Ethereum

Ripple Price Analysis: XRP/USD Outperforms Bitcoin And Ethereum

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Please share if you find this article interesting. Ripple Price Analysis: XRP/USD Outperforms Bitcoin And Ethereum Key HighlightsRipple price is holding the $0.4600 support area with no bearish pressure against the US dollar.There is a short term bearish trend line formed with resistance at $0.4850 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair could retest the $0.4600 or $0.4520 support level before a fresh upward move.Ripple price is trading with a positive bias against the US Dollar and Bitcoin. XRP/USD did not decline more than 1% whereas BTC/USD and Ethereum fell more than 10%.Ripple Price AnalysisThere was a decent support base formed near the $0.4600 level in ripple price against the US Dollar. The XRP/USD pair remained above the $0.4600 support...
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Ethereum Price Analysis: ETH/USD Nosedives Below $150 Support

Ethereum Price Analysis: ETH/USD Nosedives Below $150 Support

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Please share if you find this article interesting. Ethereum Price Analysis: ETH/USD Nosedives Below $150 Support Key HighlightsETH price failed to recover and declined below the $150 level declined against the US Dollar.There is a short term bearish trend line in place with resistance at $150 on the hourly chart of ETH/USD (data feed via Kraken).The pair traded to multi month low and it could continue to move down below $140.Ethereum price fell sharply against the US Dollar and bitcoin. ETH/USD broke the $150 support and it is currently consolidating losses.Ethereum Price AnalysisYesterday, we saw a major decline below $175 in ETH price against the US Dollar. The ETH/USD pair broke the $179 and $175 support levels to start a fresh decline. Later, bitcoin price declined heavily an...
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Bitcoin Cash Price Analysis: BCH/USD Tumbles, $220 Next?

Bitcoin Cash Price Analysis: BCH/USD Tumbles, $220 Next?

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Please share if you find this article interesting. Bitcoin Cash Price Analysis: BCH/USD Tumbles, $220 Next? Key PointsBitcoin cash price declined heavily and traded below the $300 and $280 levels against the US Dollar.Yesterday’s highlighted key bearish trend line is intact with resistance at $315 on the hourly chart of the BCH/USD pair (data feed from Kraken).The pair is currently trading near the $250 level and it could decline further towards $220.Bitcoin cash price is under heavy selling pressure against the US Dollar. BCH/USD could continue to move down and it may test the $220 level in the near term.Bitcoin Cash Price AnalysisYesterday, we discussed how there was an increase in selling pressure below $300 in bitcoin cash price against the US Dollar. The BCH/USD pair decline
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Altcoin Crush Continue: Cardano (ADA/USD) Register New Lows

Altcoin Crush Continue: Cardano (ADA/USD) Register New Lows

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Please share if you find this article interesting. Altcoin Crush Continue: Cardano (ADA/USD) Register New Lows It’s back to red territory for altcoins and with double digit losses, prices are trading below important support levels. Leading the pack is LTC/USD which is down 14 percent in the last day and ADA/USD trading below 6 cents as bears print new all time lows. At this pace it is likely that Monero will further shrink and convincing close below $70 as sellers aim to drive prices towards $60.Let’s have a look at these charts:EOS/USD Price AnalysisThere has been a BCH–EOS flip and Dan Larimer’s coin is back to the top 5 commanding a market cap of around $4.203 billion at the time of press. This is partly because of BCH sharp decline in prices. Even though EOS wasn’t saved the
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ETH/USD Price Analysis: ICOs under Pressure, May Liquidate for Fiat

ETH/USD Price Analysis: ICOs under Pressure, May Liquidate for Fiat

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Please share if you find this article interesting. ETH/USD Price Analysis: ICOs under Pressure, May Liquidate for Fiat Latest Ethereum NewsIt’s a selling frenzy out there. Although we cannot exactly pin-point the cause of this massive sell off, analysts and market pundits are linking this to the protracted hash wars between Bitcoin Cash ABC and SV. It has a contagion effect on Bitcoin since they share the same hashing algorithm and with the former backed by Bitmain, the network difficulty of BTC is drooping dragging prices and ETH with it. That is one theory.1/ There is a big misconception that ICO companies have liquidated most of their ETH holdings. In today’s issue of Diar, we looked at all the publicly available ICO treasuries and analyzed the numbers. https://t.co/EryLsW9Ouj
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BTC/USD Price Analysis: Hash Rate and Difficulty Drop, Bottoms Near

BTC/USD Price Analysis: Hash Rate and Difficulty Drop, Bottoms Near

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Please share if you find this article interesting. BTC/USD Price Analysis: Hash Rate and Difficulty Drop, Bottoms Near Latest Bitcoin NewsFor the first time this year, Bitcoin prices did print below the $5,000 mark at CoinBase as reported and affirmed by statistics from CMC. While the losses were across the board, the marked drop in Bitcoin prices did shave the overall security and efficiency of the market.According to statistics, marking the drop of prices is the marked decrease of hash rate or network fire power and overall mining difficulty. This should be a concern for Bitcoin traders/investors. Though historical price movements hint that the bottoms  is most likely near, we might end up seeing BTC print new lows as more miners are forced to switch off their rigs due to fisca
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Ethereum Plunges 12%: Will ICOs Continue to Drag ETH Down?

Ethereum Plunges 12%: Will ICOs Continue to Drag ETH Down?

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Please share if you find this article interesting. Ethereum Plunges 12%: Will ICOs Continue to Drag ETH Down? Bears hit the cryptocurrency market today, and Ethereum was among the most severe casualties.The world’s third largest cryptocurrency erased as much as $2.25 billion from its market cap. Meanwhile, its value plunged 12 percent from an intraday high at $177 to $155.60 – its new intraday low – within a few hours, according to aggregated data available at CoinMarketCap.com. Aayush Jindal, a crypto market analyst at NewsBTC, predicted further declines in the Ether-to-dollar market, citing a critical bearish trendline that is capping every upside attempt of the digital currency.SOURCE: COINMARKETCAP.COM“There is a key connecting bearish trend line formed with resistance at $17