Bitcoin’s volatility expansion chose the downside, and charts suggest that the sell-off is not over.
for the sell-off, but analysts believe that the confusion arising from the alleged write-down of SpaceX’s $373 million i Bitcoin holdings may have been one of the potential triggers.Whatever the reason, the decline has started. The next major question troubling investors is how low could Bitcoin fall.
If the price rebounds off $24,800 with strength, it could reach the 20-day exponential moving average of $28,786. This is an important level to keep an eye on. If the price turns down from the 20-day EMA, it will suggest that bears are selling on rallies. That could increase the likelihood of a break below $24,800. If that happens, the pair may nosedive to $20,000.
The first sign of strength will be a break and close above the 20-day EMA. That will point to a possible consolidation in the near term.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cryptocurrencies Price Prediction: Bitcoin, Litecoin & Chainlink — Asian Wrap 18 AugustBitcoin (BTC) price dipped below critical levels to test its range low during the afternoon hours of the US session. The slump was accompanied by heav
Read more »
Cryptocurrencies Price Prediction: Binance, Ethereum & SEC vs Ripple– American Wrap 18 AugustBinance Coin Price Forecast: BNB could crash 35% amid mounting bearish signs Binance Coin price is edging closer to a key support level at $221, which
Read more »
Marcus Mariota struggles, Eagles suffer several injuries in 18-18 tie with the BrownsMariota was outplayed by rookie Tanner McKee for the second straight game, while Olamide Zaccheaus, Zech McPhearson, and Nolan Smith were among the players who went tot he locker room with injuries.
Read more »
Backups Mariota, Thompson-Robinson struggle as starters rest in Eagles-Browns 18-18 preseason tieBackup quarterbacks Marcus Mariota of Philadelphia passed for 85 yards and Dorian Thompson-Robinson of Cleveland threw for 164 while starters Jalen Hurts and Deshaun Watson watched from the sidelines as the Eagles and Browns played to an 18-18 tie on Thursday night in a preseason game that was marre
Read more »
Here are 5 Eagles takeaways from sloppy, injury-filled 18-18 tie with the BrownsThe Eagles reserves played sloppy football, tying the the Cleveland Browns in their second preseason game Thursday.
Read more »
Browns and Eagles game ends in 18-18 preseason tieEagles and Browns played to an 18-18 tie on Thursday night
Read more »