After heading toward $100,000 yesterday, bitcoin’s price has taken another wrong turn as the asset has lost over three grand since then. The altcoins are also deep in the red, with massive daily price declines from the likes of SOL, DOGE, ADA, AVAX, LINK, SHIB, and many others. BTC’s Short-Term Recovery Although the business week started quite spectacularly for BTC, whose price skyrocketed from $101,000 to a new all-time high of over $108,000 by Tuesday, it actually turned sour on Wednesday after the latest US FOMC meeting. The primary cryptocurrency began a massive correction that culminated on Friday with a price slump to around $92,000. Thus, the asset had lost more...

Ethereum (ETH) price has fallen below the moving average lines but has found support above the 50-day SMA. Cryptocurrency price analysis brought by Coinidol.com. Long-term analysis of the Ethereum price: bearish The negative trend has reached its bearish exhaustion. The largest altcoin fell from a high of $4,094 to a low of $3,326 or the 50-day SMA. The bearish momentum has faded as support was found above the 50-day SMA but below resistance at the 21-day SMA. Ether is now trapped betw...

After a few consecutive days of price slumps, bitcoin’s trajectory has finally reversed as the asset popped above $99,000 earlier today. The altcoins are also in the green following the market-wide crash, with many recovering by double-digit increases on a daily scale. BTC Begins Recovery Mode The business week began in a highly positive manner for the primary cryptocurrency, as its price surged from around $101,000 to over $108,000 by Tuesday to mark its latest all-time high. While the community was expected to rise toward $110,000, especially after Wednesday’s rate cut in the US, the landscape took a sharp turn. Instead of heading further north, BTC actually started ...

It’s not always roses and rainbows in the cryptocurrency market and even though it may have felt like it for the past few weeks, the last seven days made sure to remind us of it. The total capitalization dropped by more than $300 billion as Bitcoin’s price went on a complete rollercoaster, similar to that of the majority of altcoins. The first few days of the week started as we are more or less used to by know – up only. Bitcoin’s price tapped a new all-time high above $108,000 and the market was anticipating the results of the meeting of the US Federal Result. Quite frankly, everyone was expecting for the institution to once again cut the interest rates, which is gene...

Cryptocurrency analysts of Coinidol.com report, Ripple (XRP) price is moving sideways, above the moving average lines but below the $2.80 resistance. XRP long term analysis: fluctuation range Bulls and bears disagree on the direction of the market. On December 18, the bears broke through the 21-day SMA support while the bulls bought the dips. The price of the cryptocurrency has fallen below the 21-day SMA while the buyers are trying to push it back above the 21-day SMA. If the negative...

The price of BNB (BNB) is trading above the 21-day SMA support but below the resistance at $760 after peaking at $794. BNB price long term forecast: bearish The altcoin has been in a sideways trend for the past two weeks after the uptrend came to an end. Resistance at $760 has hindered the cryptocurrency's further upward movement.  On December 18, the bears broke the 21-day SMA support and BNB fell to a low of $668. The bulls bought the dips but the altcoin remains trapped between...