Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
Bitcoin’s outlook has suddenly turned a little bearish as the major cryptocurrency has fallen in value to below the important price floor of $10,000. Currently, it is just under at $9,900, but looks to be on a downward trajectory.
What is even more concerning for the Bitcoin bulls still waiting for the price to explode is that one external factor that was pegged to cause a stir has failed to have any effect on the market. This week saw the launch of the much anticipated Bakkt futures contracts which have been touted as a way for institutional investors to flood the market.
Yet, on this announcement there has not been much positive movement from Bitcoin, and only about 20-odd BTC has been traded in the opening few hours of the launch. This is a rather tepid break into the market, especially a market that is prone to bigger and brighter movements.
With Bitcoin no longer riding bullish momentum, having rather traded predominantly sideways in the previous weeks and even months, this indication of good news doing nothing for the market has analysts now looking towards more bearish trends.
Chart analytics is even pointing towards the next level of support for Bitcoin being as low as $7,700. This would be a worrying drop for the cryptocurrency, and it could even spark a broader sell off that could really send the price cascading downwards.
There is not much joy for the altcoin market either as they have been dropping even before Bitcoin fell below the $10,000 mark. There are a few coins that are barely in the green, but mostly, it is a red day with the likes of Tron reporting the biggest losses - nearly six percent over the last 24 hours.
While there does appear to be some bearish sentiment around, and analytics pointing towards a big drop in price to the next resistance level, in the long run ,there is very little panic with some analyts even pointing towards the fact that there is evidence of a bull run to follow this slight dip.
According to Bitcoin investor and entrepreneur Willy Woo, the current state of the market could actually be the start of a new bull market. In a tweet, the trader cited on-chain metrics as potential evidence for “closing up the opening act of the bull market.”
Perhaps the real direction still lays with the eventual successful, or unsuccessful, launch of Bakkt. The platform has had a slow start, but that doesn't immediately spell disaster. In fact, there are a few commentators who are of the belief that Bakkt will be the bridge between traditional investors and the cryptocurrency market.
Major crypto believer John McAfee supported the bullish trend over Bakkt, claiming that the launch of physical futures on the exchange will increase the level of trust by institutional investors. McAfee added that the event could jump-start crypto adoption.
In a bold move that continues to shape the future of cryptocurrency adoption, El Salvador’s Congress has fast-tracked a new...
16 days ago | Laura Williams
The IMF Deal: A Game-Changer for Bitcoin Policy
16 days ago | Laura Williams
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
Trending
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Ripple vs. SEC: Can XRP Finally Break Free?
12 days ago | Karrie Tan
The Dark Side of Meme Coins: What You Need to Know Before Investing
12 days ago | Laura Williams
Criminals’ New Cryptocurrency of Choice: Tether
12 days ago | John Smith
FTMO Review: A Comprehensive Look at the Leading Prop Trading Firm
15 days ago | David Jhones
Tezos (XTZ) Review 2024: Everything You Need to Know Before Buying Tezos
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; backgrou...
Chromia (CHR) Review 2024: Everything You Need to Know Before Buying Chromia
Illuvium (ILV) Review 2024: Everything You Need to Know Before Buying Illuvium
My Neighbor Alice (ALICE) Review 2024: Everything You Need to Know Before Buying My Neighbor Alice
Star Atlas (ATLAS) Review 2024: Everything You Need to Know Before Buying Star Atlas
OQtima
Oqtima is an emerging online trading platform that offers a wide range of financial instruments, inc...
Saxo
Saxo Bank is a leading global online broker offering a wide range of financial instruments, includin...
FXCC
.article-container { font-family: Arial, sans-serif; line-height: 1.6; color: #333; background-c...
Quadcode Markets
Quadcode Markets is an online brokerage offering a wide range of financial instruments, including fo...
Trading 212
Trading 212 is a popular online broker offering a range of financial products including stocks, ETFs...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Is Bitcoin Going Down to $7,700 as $10,000 Price Floor Slips
Bitcoin’s outlook has suddenly turned a little bearish as the major cryptocurrency has fallen in...
XRP to $10,000: Bold Prediction or Unrealistic Fantasy?
.article-container...
Ripple Nears $10, but Investors Turn to Chainlink and Rollblock for Bigger Gains
.article-container...
Comprehensive Technical Analysis of XRP on 24.11.2024
.article-container...
Big Firms Join IBM Blockchain Project for Buyers and Suppliers
IBM, one of the market leaders when it comes to providing blockchain solutions and, as well as...
(adsbygoogle = window.adsbygoogle || []).push({}); Introduction In t...
(adsbygoogle = window.adsbygoogle || []).push({}); Einführung Wenn es um Er...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
COMMENTS (0)